Category Archives: News Business

Google’s chief economist explains value in era of endless info

Hal R. Varian quoted in Wired: Varian believes that a new era is dawning for what you might call the datarati—and it’s all about harnessing supply and demand. ‘What’s ubiquitous and cheap?’ Varian asks. ‘Data.’ And what is scarce? The analytic ability to utilize that data.” Providing information analysis is a task that is related to but [...]
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Provide solutions to the problems that your stories create

Summary: In today’s information environment, making and selling a product is not a sustainable business. A product is not an end, but a beginning, and a gateway to the real business: providing services around that product. Inspiration: A CNN story about Riversimple, a company from the U.K. that has come up with a hydrogen-powered, less-poluting city [...]
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A whole lot of good

Summary: Attention to product quality that goes unnoticed and unappreciated by your customer will consume resources that could be put to better use. Source: A Harvard Business Review article from the May 2009 issue (p. 68 is relevant to this post) examining six mistakes companies make in managing capital. There’s a pay wall since the [...]
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The $37.85 billion-dollar question

As newspapers hunt for new revenues, what exactly would they be selling to their customers if they started charging for their online information? Or if I had an article in my pocket about a subject of my choosing, written in a way that I prefer, and I hinted at the content with nothing more than a [...]
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The ways people use information / journalistic services that can be sold around them

I. Social: You are what you know and remember, and what others know and remember about you. Forming groups of like interest / coordinate connections Being in the know / personal topic guidance Creating self-identity / ascribe values to information choices Forming opinions / critiquing service Sharing information (conversation, e-mail, clippings, recordings, etc.) to [...]
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Article in The Albuquerque Tribune: N.M. online journalists, bloggers predict how news will morph on the Web

When 17-year-old University of New Mexico freshman John Perry wants news about Albuquerque, he doesn’t pick up a paper. Instead, he visits four Web sites, one of which is run by volunteers, employs no journalists and isn’t trying to be a news organization. It’s called Duke City Fix , and even though Perry enjoys the group [...]
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