February 23rd, 2012
onaissues
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)

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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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