Ever-shifting business models in a delusional emulation of startups won't save publishers who ignore the techniques that are allowing their new competitors to succeed.
I feel rather bad for my colleagues in the national newspaper business this morning. As they trek into their plush central London office, sipping their lattes1, they find the world predicting their doom and destruction.
Frédéric Filloux treads a familiar path, contrasting the transitional newspaper approach to selling their stories online ("content marketing", if you insist on jargon) with that of the tech-based news publisher and aggregators:
The essence of what we're seeing here is a transfer of value. Original stories are getting very little traffic due to the poor marketing tactics of old-fashion publishers. But once they are swallowed by the HuffPo's clever traffic-generation machine, the same journalistic item will make tens or hundred times better traffic-wise. Who is right? Who can look to the better future in the digital world ? Is it the virtuous author carving language-smart headlines or the aggregator generating eye-gobbling phrases thanks to high tech tools? Your guess.
Snappy end to a piece, sure enough. But also, a bit of a false dichotomy, n'est pas?. In theory, the traditional news publishers could learn from the attention tactics of the aggregators a great deal more easily than the aggregators could staff up a full-blown journalism operation. When it comes to the survival of top-flight reporting, it might be time to start holding your nose, and using some more aggressive attention techniques....
Should be a good read!