Do magazines think people want to wait for their regurgitated content on a monthly basis again? No. They do not. Silly magazines. You're going to have to offer people subscriptions to a bunch of your sites. And not .pdfs.
When the Big One hits L.A. or the next terrorist strike slams Manhattan, The Post will publish riveting "reaction stories" quoting the old dudes at the Holocaust Museum and Harry Reid.
Oh, how quaint. My local paper will finally live up to the title. It's a shame i can't look at the editorial page (hell, the entire paper) without wanting to rip it to shreds.
@wholenuther: Of course not. People don't read the Washington Post for news, they read it for a regurgitation of commentary they heard on the cable shout shows yesterday.
What is more interesting than search engines paying for content is that this could ultimately save the news media business. Ignoring the concern to Joe Searchy and having to pick a search engine based on the results being listed for their favorite news, this could potentially allow newspapers to gain income and pay their journalists again. Certainly, there is a potential dark cloud with this concept, but there is a bright and shiny one as well The news media could survive based on search engines having to pay for access to content solving their diminishing revenue stream. Hard to say whether this is a short term or long term solution to that issue, but it certainly has potential and I look forward to seeing how this turns out.
@Monty: Paying journalists is a good thing and new revenue streams are vital for news organizations to pay for their current overhead. But the problem with the rosy scenario of search engines funding journalism is that the people who go to search engines looking for news are the ones who care the least about news brands. They're more likely to click on rocketnews.com or whatever it is as they are the WSJ.com. Which is exactly what infuriates newspaper owners like Murdoch. The folks who have favorite news sources are the ones who will go straight to those favorite news sources in the first place.
@Monty: In this video of Calacanis' original suggestion (or at least the first place, I heard it), he spends a lot of the time proposing sort of a bidding war to get content from the largest media companies, but its success would hinge a great deal on Microsoft's willingness to use exclusivity as a selling point.
IOW: The content companies would get a revenue stream, but as I hear him, Bing would be the primary beneficiary in the short run.
@Magister: Agreed. "Bing: The Only Place to Find the Wall Street Journal" would make a catchy tag line. And Microsoft probably like to lure in some other big-name brands. But I can't see them extending the same offer to smaller, lesser-known news orgs. McClatchy anyone?
@Gabriel Snyder: I think we are all in agreement. It is hard to know whether this agreement will ultimately be a winner for the news media or not. Will it even work for News Corp, let alone for small newspapers around the country? Why would Bing pay for content from the Eugene, Oregon Register Guard? Hard to imagine. That said, it is interesting to see this unfold - and I admit that I doubt either the rosy outlook nor the doom and gloom one will come to be. Usually truth falls somewhere in the middle, which in this case means it will not matter much.
@Gabriel Snyder: I don't know how far down Microsoft would like to go, but McClatchy owns a lot of big local papers. For instance in North Carolina, they own the two largest in the state, so maybe they could do some print trading and a couple of television ads saying something like "Bing: The exclusive index for the Charlotte Observer".
Murdoch might be the one to pioneer this and he might get some quick income, but if Microsoft is willing to pay and if they're willing to negotiate something with the other players, Google could easily lose market share over the long run.
I only wonder how this will affect such stellar "liberal media" columnists and contributors like Kagan, Krauthammer, George Will, Broder et al. Novak is dead, but apparently still tapping out propaganda from his crypt. Pity the intern transcribing that!
Hardly matters, WaPo is such a Republican Beltway ratfuck, it's scarcely funny. Looking forward to the next Cheney op-ed, my owl's cage needs lining.
@MisterHippity: I'm not so sure...
Their breaking news machine has itself been broken for a while.
The biggest WaPo stories as of recent seem to be about their own screw-ups/dramas: Punchy guy and "let's sell access to employees"-gate. In my mind, the last really big story broken by the Post was the series on conditions at Walter Reed, way back in the salad days of 2007.
Now I'm not discounting everything they've done in recent years, but I don't think the WaPo is the breaking news powerhouse it once used to be.
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With that stick, it is no wonder she doesn't need a man.
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Didn't you hear that all the sheet music for that Russian (?) chorus he's in went missing?
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IOW: The content companies would get a revenue stream, but as I hear him, Bing would be the primary beneficiary in the short run.
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Murdoch might be the one to pioneer this and he might get some quick income, but if Microsoft is willing to pay and if they're willing to negotiate something with the other players, Google could easily lose market share over the long run.
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Hardly matters, WaPo is such a Republican Beltway ratfuck, it's scarcely funny. Looking forward to the next Cheney op-ed, my owl's cage needs lining.
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They may get news from the rest of the U.S. elsewhere, but don't assume it'll be better. The post is one of the highest-quality news orgs out there.
This is really bad news all around.
11/24/09
Their breaking news machine has itself been broken for a while.
The biggest WaPo stories as of recent seem to be about their own screw-ups/dramas: Punchy guy and "let's sell access to employees"-gate. In my mind, the last really big story broken by the Post was the series on conditions at Walter Reed, way back in the salad days of 2007.
Now I'm not discounting everything they've done in recent years, but I don't think the WaPo is the breaking news powerhouse it once used to be.