"I think news organizations have to get really, really serious about creating a social software product that leverages their product in a value-add way. This is basically what a few dozen startups are doing, and somebody is going to figure this out; if I were the owner of a news organization, I would put $10 million towards funding a few of my own startups to get a better shot at owning the winning solution. Because none of the existing ‘old media’ news brands are going to do it. Anyway, within a decade, we’ll have a social news powerhouse brand that can sit comfortably next to the New York Times, Economist, CNN, etc. That seems inevitable to me."

Khoi Vinh, a New York-based graphic designer answers the question: How should media publishers deal with the fact that readers are increasingly getting news, links, and more from a range of sources filtered through social networks? Is anyone doing it particularly well?

(via soupsoup)

LW sez: Problem: $10 million is a drop in the bucket.  So, for that matter, is $100 million.  Problem #2: The NYT is more than $1 billion in debt.  

Startups are not going to come from the news industry, full stop.  

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    LW sez: Problem: $10 million is a drop in the bucket. So, for that matter, is $100 million. Problem #2: The NYT is more...
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  17. choire said: If you were the owner of a news organization, you’d spend $10 million on a sports franchise. #loveyou
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About Me


Lisa Williams

Founder of Placeblogger.com | Winner of Knight News Challenge | Center for Civic Media, MIT Media Lab | Cambridge, MA | @lisawilliams on Twitter | Github: lisawilliams




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