The real problem is presuming the profit model for news is a good idea. It's going to always tend towards quick-turn around, low-effort sensationalism because that's the most profitable configuration. Speculation, accusation, defamation, and conspiracies will always get more eyeballs then careful balanced well researched reporting. Lying about something now is cheaper and more profitable than sending a reporter out a…
It takes time and resources, which cost money. Ads can't pay for it well enough. The article rightly points out that subscriptions cost way too much relative to the number of sources people consume. Everyone left and right screeches about government influence if taxes are used to pay for it. What's left, wealthy patronage paying for it? People working for free (e.g. OSINT twitter)?
Forget Spotify for news – let's fix the real problem (2017)
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Re: Forget Spotify for news – let's fix the real problem (2017)
#22The real problem is presuming the profit model for news is a good idea. It's going to always tend towards quick-turn around, low-effort sensationalism because that's the most profitable configuration. Speculation, accusation, defamation, and conspiracies will always get more eyeballs then careful balanced well researched reporting. Lying about something now is cheaper and more profitable than sending a reporter out a…
So newspapers were entertainment (and status signals) to a much higher degree than journalists wants to admit.
Being informed was only a small part of the job that reading a newspaper did.
This is why Facebook could take over such a large amount of ad spending while it is still correct that only a very small part of time on Facebook is reading "real news".
Re: Forget Spotify for news – let's fix the real problem (2017)
#23This sells me further on the model, actually. I would be 100% for paying a monthly fee on Twitch that gets sliced up proportionally to how much I watch each channel. While it seems to work for them, and clearly lots of people pay to be part of a club and get noticed by their streamer, there’s no way I’m paying $7.50CAD per channel . So I end up paying nothing at all.
This sounds a lot like the Brave browser model. I am unsure how well the company is doing, and how well the users who opted in to receive BATs are doing, though.
Re: Forget Spotify for news – let's fix the real problem (2017)
#24This sells me further on the model, actually. I would be 100% for paying a monthly fee on Twitch that gets sliced up proportionally to how much I watch each channel. While it seems to work for them, and clearly lots of people pay to be part of a club and get noticed by their streamer, there’s no way I’m paying $7.50CAD per channel . So I end up paying nothing at all.
TFA's point is that the model is horrible for creators: a revenue sharing model is only viable as long as the number of creators being shared is comparatively small. $5, $10, $20 from a few hundred or thousand viewers is a decent haul when compared to a few fractional pennies per view. It makes sense that creators focus their efforts on cultivating personal relationships with a small, but loyal base. You're not their…
Re: Forget Spotify for news – let's fix the real problem (2017)
#25Holy crap. How do you have any time for anything else?
I sub to 3 YouTube channels, never watch twitch, avoid email newsletters like the plague, and still don’t have time in my day to keep up with it all. Especially while I have actual work to get done.
Used to rely on Reddit for sip-of-the-firehose news acquisition, but they screwed that up. Now it’s mostly HN, and even here I miss tons of things.
Re: Forget Spotify for news – let's fix the real problem (2017)
#26The real problem is presuming the profit model for news is a good idea. It's going to always tend towards quick-turn around, low-effort sensationalism because that's the most profitable configuration. Speculation, accusation, defamation, and conspiracies will always get more eyeballs then careful balanced well researched reporting. Lying about something now is cheaper and more profitable than sending a reporter out a…
I think that in the old days people read newspapers and magazines because there was no other way to spend time in a bus/subway/train/waiting_room without engaging with other people. So newspapers were entertainment (and status signals) to a much higher degree than journalists wants to admit. Being informed was only a small part of the job that reading a newspaper did. This is why Facebook could take over such a large…
Re: Forget Spotify for news – let's fix the real problem (2017)
#27The real problem is presuming the profit model for news is a good idea. It's going to always tend towards quick-turn around, low-effort sensationalism because that's the most profitable configuration. Speculation, accusation, defamation, and conspiracies will always get more eyeballs then careful balanced well researched reporting. Lying about something now is cheaper and more profitable than sending a reporter out a…
Exactly so. Just thinking about to the last time I consciously perceived my media offerings were being tailored based on my previous behavior, I found the choices abysmal. The algorithm is all; but the algorithm sucks. That makes it wholly unsuitable for digestion as news.
Re: Forget Spotify for news – let's fix the real problem (2017)
#28Because "Adriene" sells yoga classes, not news. I do agree that a lot of the publishers mentioned are screwed because they are no longer needed. A yoga magazine needs to figure out what it can sell, but if anything it cannot compete in yoga classes, those are available in simply a better form online. But this is not news.
News is a newsroom reporting on things of interest. This is difficult because there are many things to cover and good people covering it are expensive. So would Spotify for news work? I worked for a relatively large newspaper and tried pitching this idea years ago. By pitching I mean I chatted about this with people at parties, but whatever. Anyway, the feedback I got was that these ideas floated around years ago, bit didn't stick. My feeling is that most newspapers are trying to find subscribers who will trust the newspaper with their life and use it exclusively to get news. There is logic in this, e.g. it's better to have 100k subscribers that will be your core audience than to have potentially millions of users but you have to fight for them and their clicks every day. Long term however I don't think it will work. This idea is becoming too foreign for people, especially young people.
I did not actually call this Spotify for news, instead I called it cable for news. After all mostly you do not pay for every single program you get on cable, it's bundled and everyone gets a piece. I think this will end up happening one way or the other because newspapers are increasingly concentrating and it's only a matter of time before someone offers a subscription for all the products in their portfolio, if they're not doing it already. To this I also feel there is a big technical obstacle in that because all of these products run often on different technical stacks and integrations that make it often too painful to implement.
Re: Forget Spotify for news – let's fix the real problem (2017)
#29Re: Forget Spotify for news – let's fix the real problem (2017)
#30I also subscribe to a patreon for $3/momth - for small publishers this obviously works too (again alongside higher tier plan options).
The problem is the middle sized publishers, they likely need higher revenue per subscriber to survive.