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Big media might be cumbersome and occasionally numb-skulled when to comes to digital, but they’ve got deep pockets, and they’re not totally stupid. They hire smart young minds, who know what’s going on. They realize that digital offers a huge opportunity and a challenge. And they’re acting on it."
— Hamish McKenzie, It’s Time to Stop Talking About the Death of Big Media | PandoDaily
Google made $37.9 billion in 2011; Newspapers made $24 billion in advertising and about $34 billion overall.
More and more newspapers are erecting paywalls, thinking they are zoos filled with scarce, exotic animals when in reality they’re more like puppy mills in a land of strays."
— Wayne MacPhail, Giving up on newspapers
Complaining about someone re-writing reporting is kind of like kvetching about the rain: it’s pointless, because you’ll end up wet regardless of your protestations. Every journalist relies on other people’s work. I became a reporter because I wanted to find important ideas and share them. Whether that happens through my authorship, or someone’s summary, is less important to me than making sure the news is spread."
— New York Times reporter Charles Duhigg, to Jim Romenesko
NYU’s Studio 20 and The Guardian contrast the media’s GOP debate questions with the issues the public is interested in. Turns out, they don’t match up.
“Twitter did/did not break news” is the new “Bloggers vs Journalists”
— Martin Belam (@currybet) February 15, 2012
Basically, there [were] two ways to do it: get the product perfect in one market or go for a land grab approach. They went all in before they perfected the product and, in retrospect, that wasn’t ideal."
— The original sin of Patch, according to an anonymous former AOL executive directly involved in the company’s strategy (via Fortune Tech)
