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It's super weird that news aggregators aren't directly funding OC. How does "news" work when most of the content creators go out of business? (Edit: Huh. I gues
by specialist 6y ago
It's super weird that news aggregators aren't directly funding OC. How does "news" work when most of the content creators go out of business? (Edit: Huh. I guess we already know, because that's exactly what happened.)
Compare news to other OC, like books, music, video, podcasts, and apps.
Musicians get paid. Kinda. (I'm not smart enough to figure out if Apple/Beats is some kind of label, meaning underwriting (?) OC.) And music videos definitely get ad revenue sharing (YouTube & Vevo).
Book authors get paid. Kinda. Isn't one of Amazon's properties now an imprint, or publisher, or whatever that segment's underwriters (?) called?
Video definitely gets paid. Streaming, snippets (Vine and now TikTok style), vlogging, sports, episodic TV, movies, miniseries (Netflix), etc. EVERYONE is paying for OC video. It's a strategic differentiator.
Podcasters get paid. (Per power laws distribution.) Like video, EVERYONE is trying to get into the game, funding OC.
Ditto apps.
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So why is "news" different?
If I was Apple, today, I'd set up some kind of huge trust with the sole purpose of funding any and all new "journalism" OC. No strings attached.
I'd open the flood gates for funding OC. Huge, big, and small. Copy every kind of philanthropic funding idea. Have a huge fund for traditional news organizations serving int'l, national, state, and local markets. Do whatever Corp for Public Broadcasting does for PBS. Dump money into other trusts funding OC, directly or thru partnerships. One off grants for indie bloggers and investigative reporters. Recurring funding for activism style journalism. I'd reinvent "new bureaus" to recreate "embedded" journalism, so reporters can get paid to cover city hall.
I'd create infrastructure for fund raising. So other listener supported media can more easily replicate the success of KEXP.
I'd figure out a "startup school" incubator so that wannabe working journalists and bloggers learn how to get paid. Music and film and writing communities have their own ecosystems of conventions, workshops, meetups. Fund the same for journalism.
And just like the new style purpose driven philanthropists, I'd have some kind of metrics. Internal and external. Rewarding both effort and successes. Imagine funding an arts critic, say someone(s) reporting on the ballet and dance community. Their victory conditions would be very different than someone reporting on current events.
Edit: Two more ideas: Endowments for schools of journalism. Create and fund more awards, prizes.
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It's painfully unobvious to me why journalism, reporting isn't being funded. Google and Facebook benefit tremendously, economically, from OC.
Are these parasites worried they'll kill their hosts?
Why suggest Apple? I dunno. Two reasons.
It just seems to me that they'd understand best how to benefit from PBS style shoutouts like "This programing was made possible thru the generous support of Apple Community Trust and other supporters just like you."
And like privacy, their hands-off relationship with journalism OC would be a terrific "brand laddering" strategy that Facebook (Zuck) and Google (Page, Brin) are unable to replicate, because they are constitutionally incapable of ceding control. Seeing how Bezos seems to have managed Wash post, future Bezos may have something closer to enlightened altruism.
I can kinda imagine Jack Dorsey creating a trust for OC. His recent giving pledge org is impressive. But given Twitter's continued schizophrenia, I just don't think he has a compelling (reality based) thesis or worldview for journalism. And insert the cliche about asking someone who created the problem to then turnaround and fix the problem.
Bonus third reason: Maybe Apple would be better are coaxing journalists to optimize for Apple News. Something like WWDC for written OC.
Thoughts? Ideas? Reactions?
- wombatmobile 6y agoI'd like this to happen. Not sure Apple would see it this way, particularly since they have a certain relationship with Google that is riven with quid pro quo's. Also, people at Apple might have other ideas about where to fling their cash. How much did you say this would cost? To save journalism from extinction. Per annum?
- specialist 6y agoI was just wondering how to size the imaginary Apple Community Trust (ACT) fund. Provisionally assume peak journalism in the 1970s was 200,000 reporters. Let's low ball double that for production and support (proofreading, factcheckers, web masters). +400,000. Add 20% for admin overhead. +120,000. So aspirational "full" employment is 620,000. Guesstimate $120k yearly benefits (salary, healthcare, coffee). Punt on expenses (phones, laptops, gas, office rent). So it'd cost $74.4b / year to have "full employment", in the USA. ACT has the goal to seed 1% of all journalism, of whatever variety. Like most others, they want to share the risk, meaning they'll seed and match, but rarely fully fund, and typically max at 25%. (Successful fund raising is good social proof signal of merit.) $74.4b x 1% x 25% = $1.86b So ACT commits to ramping up to granting $1.86b per year. Some funding channels will ramp up quicker than others.
- wombatmobile 6y agoOK. Those headcount might be high for USA, but if ACT acts globally then perhaps the numbers are in the ballpark. https://www.pewresearch.org/fact-tank/2020/04/20/u-s-newsroom-employment-has-dropped-by-a-quarter-since-2008/ https://www.pewresearch.org/fact-tank/2020/04/20/u-s-newsroo... "From 2008 to 2019, overall newsroom employment in the U.S. dropped by 23%, according to the new analysis. In 2008, there were about 114,000 newsroom employees – reporters, editors, photographers and videographers – in five industries that produce news: newspaper, radio, broadcast television, cable and “other information services” (the best match for digital-native news publishers). By 2019, that number had declined to about 88,000, a loss of about 27,000 jobs."
- joshuamorton 6y ago