Mathew Ingram makes a great point in this post I discovered thanks to Morten Myrstad: one way for Media groups to re-invent themselves is to think of themselves as data platforms and not newspapers any more. Great point.
But I see one more: opening up to other news platforms too even if competing. I appreciate this clearly faces cultural resistance but if you think of it really as a platform, you shouldn’t be afraid to interface it with your competitors’ just like Twitter has a LinkedIn App.
One missed opportunity I see that reflects this is the WSJ Facebook App: it’s a great concept to let your readers remix the headlines but why not do it with non-WSJ content too? I’d love to see through a crowd sourced effort from the most WSJ active readers and curators how some WSJ-news relate to other news from say the FT or the Economist.
I’m going to make my music-industry analogy again (can’t escape my background…) but right now media groups think of building a record store or a radio station with their own artists. Imagine a radio that would play only Universal Music Group artists? It would suck, right? Yet, that’s what most media are today. Don’t you think the industry needs bold moves like this?
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