4 ms·

Think of it sort of Twitter-meets-Substack. It's still advertising/freemium, but with some big differences. We syndicate out the internal updates that reporte

Think of it sort of Twitter-meets-Substack. It's still advertising/freemium, but with some big differences. We syndicate out the internal updates that reporters are already writing within their own newsroom, so while they work on their current formats, we just piggyback off of existing work. Then we revenue share from those ads/subscriptions back to support the reporters and news orgs doing the reporting. There is money being spent on ads now, its just going to the wrong people. We're trying to fix that -- and align the incentives back so that everyone -- readers, reporters, us -- succeeds when we have good journalism, not clickbait.

marcus_holmes 6y ago
That's interesting. I used to run a newspaper a couple of years ago and have spent a lot of time thinking about business models for it since. The main problem with advertising is it monetises engagement, which means that it massively favours controversial or emotional content. How are you going to avoid this? If you have a good journalist writing great journalism, and a hack writing clickbait, how are you going to avoid the hack getting more ad revenue?
- jaredwiener 6y ago
  Because we aren't monetizing the views, per se. Since we're posting _updates_ rather than full articles, it's more like Twitter. We can display ads in between the updates -- something print newspapers used to (and still) do all the time. Then we just take the revenue share from any specific market, divide it up by the number of updates contributed, and go from there. It's not perfect, and we may still want to tweak, but the hope is that we can then incentivize lots of hard news reporting, and not "5 celebrities without makeup."
  - marcus_holmes 6y ago
    OK, yeah I get it. That's interesting, I look forward to seeing how it pans out :) good luck with it :)
marcus_holmes 6y ago
I signed up for Forth - you guys need to learn that zip codes only work in the USA, us foreigners have different things ;) Nillium looks really interesting, too. I get the need. Slack is utterly useless for this, yet seems to be the default for some reason.
- jaredwiener 6y ago
  Thank you! We're launching in the US initially -- but I get the issue. Still, any newsrooms outside of the US who might be interested should still get in touch. https://www.nillium.com/schedule-demo/ https://www.nillium.com/schedule-demo/

marcus_holmes 6y ago

That's interesting. I used to run a newspaper a couple of years ago and have spent a lot of time thinking about business models for it since. The main problem with advertising is it monetises engagement, which means that it massively favours controversial or emotional content. How are you going to avoid this? If you have a good journalist writing great journalism, and a hack writing clickbait, how are you going to avoid the hack getting more ad revenue?

jaredwiener 6y ago
Because we aren't monetizing the views, per se. Since we're posting _updates_ rather than full articles, it's more like Twitter. We can display ads in between the updates -- something print newspapers used to (and still) do all the time. Then we just take the revenue share from any specific market, divide it up by the number of updates contributed, and go from there. It's not perfect, and we may still want to tweak, but the hope is that we can then incentivize lots of hard news reporting, and not "5 celebrities without makeup."
- marcus_holmes 6y ago
  OK, yeah I get it. That's interesting, I look forward to seeing how it pans out :) good luck with it :)

marcus_holmes 6y ago

I signed up for Forth - you guys need to learn that zip codes only work in the USA, us foreigners have different things ;) Nillium looks really interesting, too. I get the need. Slack is utterly useless for this, yet seems to be the default for some reason.

jaredwiener 6y ago
Thank you! We're launching in the US initially -- but I get the issue. Still, any newsrooms outside of the US who might be interested should still get in touch. https://www.nillium.com/schedule-demo/ https://www.nillium.com/schedule-demo/