The State of the News Media, 2007: 7 trends

Last week, the Project for Excellence in Journalism released its annual State of the News Media report, which notes seven major trends to watch. Here’s a summary of them:

  • News organizations need to do more to think through the implications of this new era of shrinking ambitions. The move toward building audience around “franchise” areas of coverage or other traits is a logical response to fragmentation and can, managed creatively, have journalistic value. To a degree, journalism’s problems are oversupply. … But something gained means something lost, especially as newsrooms get smaller.
  • The evidence is mounting that the news industry must become more aggressive about developing a new economic model. The signs are clearer that advertising works differently online than in older media. Finding out about goods and services on the Web is an activity unto itself, like using the yellow pages, and less a byproduct of getting news, such as seeing a car ad during a newscast.
  • The key question is whether the investment community sees the news business as a declining industry or an emerging one in transition. … If news companies do not assert their own vision here, including making a case and taking risks, their future will be defined by those less invested in and passionate about news.
  • There are growing questions about whether the dominant ownership model of the last generation, the public corporation, is suited to the transition newsrooms must now make.
  • The Argument Culture is giving way to something new, the Answer Culture. [Applause! – ed] … A growing pattern has news outlets, programs and journalists offering up solutions, crusades, certainty and the impression of putting all the blur of information in clear order for people.
  • Blogging is on the brink of a new phase that will probably include scandal, profitability for some, and a splintering into elites and non-elites over standards and ethics.
  • While journalists are becoming more serious about the Web, no clear models of how to do journalism online really exist yet, and some qualities are still only marginally explored. A content study of more than three dozen news sites offers more details.
  • Friday Five: Random Play

    Five contextless links:

  • Some retailers in the UK are getting more traffic from social networking sites like MySpace than from search engines (Google being the 800-pound exception, of course). Hat tip: BeyondPR, who observes that marketers should “re-evaluate your online spend to include social networks.”
  • Just another crumby marketing ploy? Put your name on a piece of toast. Via Brand Infection.
  • If MySpace were a country it would be the 11th largest and other scary thoughts on globalization. YouTube presentation, via FlackLife.
  • Internet-based alumni relations is the latest entry in Michael Stoner‘s ongoing discussion with Andy Shaindlin, executive director of the Caltech Alumni Association (and blogger at Alumni Futures). The discussion gives new meaning to the idea of “high-tech, high-touch.” Says Shaindlin: “We estimate that on average we reach alumni with electronic ‘touches’ at least 15 times as frequently as we do face-to-face. And electronic contacts outnumber those via print by about 4:1.”
  • While YouTubing for references to our campus‘s annual St. Pat’s festivities, I discovered a fun 3-minute clip of the 1949 St. Pat’s Parade through downtown Rolla, Mo. The parade was shot with an 8-millimeter camera but is in color. The guy who posted it is a UMR graduate (history, 1970) and the film was taken by his father in law. This clip offers a glimpse into an unusual 99-year tradition of our campus. The weeklong celebration culminates with the parade downtown tomorrow.