The end of the printed newspaper

newspapers

The death of newspapers is sad, but the threatened loss of journalistic talent is catastrophic.

By Clay Shirky: The Roanoke Times, the local paper in my family home, is a classic metro daily, with roots that go back to the 1880s. Like most such papers, it ran into trouble in the middle of last decade, as print advertising revenue fell, leaving a hole in the balance sheet that digital advertising couldn’t fill. When the 2008 recession accelerated those problems, the Times’ parent company, Landmark, began looking for a buyer, eventually selling it to Warren Buffett’s Berkshire Hathaway Media Group in 2013. The acquisition was greeted with relief in the newsroom, as Buffett had famously assured the employees at his earlier purchases “Your paper will operate from a position of financial strength.” Three months after acquiring the Times, BH Media fired 31 employees, a bit over a tenth of the workforce.

 

 

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So far Twitter is not allowed to operate in China, but twitter-like companies are springing to life anyway

microblogs

Train crash in China

“Our train bumped into something.Our carriage has fallen onto its side. Children are screaming . . . Come to help us please! Come fast!”

These were the words tweeted by a passenger on high-speed train D301 on July 23 that were clearly a cry for help. But these words also initiated a wave of unprecedented “citizen journalism” on China’s Twitter-like micro blogs.

 

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Power of 10 Interface

Power-of-10-Interface-463

Information at the speed of need

Futurist Thomas Frey:  The distance between information and our brain is getting shorter.

Twenty years ago if you had access to a large information base, such as the Library of Congress, and someone asked you a series of questions, your task would have been to pour through the racks of books to come up with the answers. The time involved could have easily have been 10 hours per question.

 

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