The future of news is getting bleaker and bleaker. If something doesn't change soon, we may soon see a day when real news journalism dies. I am not talking about the media companies that own
today's newspapers and television stations, although they are obviously facing their own challenges, I am talking about the news that is a product of professional journalism.
What is the
distinction, you might ask? More and more, as media companies are forced to compete for ratings, those companies are forced to blur the lines between news and entertainment to capture audiences. This
trend is playing itself out in the world of cable television, as anyone who wants to broadcast the news today must compete with dozens of other potential news sources. Taking this trend to the extreme
in a world of digital media with infinite choice, one wonders if there will be any news sources that can be distinguishable from editorial opinion produced to attract the largest audience at the
lowest cost.
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Every day there's another story about the challenges facing journalism in a digital world, but this headline might encapsulate the issue: "People happier to pay for news content in print than online." According to the post, "Experian
Hitwise found that traffic to the [U.K.] Times Web site, which went behind a paywall last month, has dropped from a share of 4.37% to 1.81% since it made the move". But if paywalls are the only
solution, what is the news to do? This is at the same time that iTunes and Hulu are finding countless new ways to charge people for digital entertainment, from applications to subscription
services.
The impact of journalism competing with entertainment, and the subsequent blurring of the lines between the two, is a scary thought. For example, given the choice, people tend to
seek news from sources that reflect their views. This means liberal-leaning individuals will likely prefer MSNBC, while conservative-leaning individuals might prefer to get their news from Fox News.
The result is a very polarizing effect on the population.
Of course the evolution of separate liberal and conservative news sources is only one effect of nearly endless media choices. The
ability of well-researched (re: expensive) journalism to monetize effectively is nonexistent today in a digital world that can, and does, churn out more content everyday than people can possibly
consume.
Will social media save the news? Will a monetization model be figured out in time? Will the market eventually demand digital news sources that could not be mistaken for
opinion/entertainment? It's hard to tell today, but I am hoping for "all of the above," because I don't want to see the day the news dies.
Love to hear your opinions on what the news will
become. Connect with me on Twitter at www.twitter.com/joemarchese, and drop a comment on the Spin board.