This adds up to a news industry that is more undermanned and unprepared to uncover stories, dig deep into emerging ones or to question information put into its hands. And findings from our new public opinion survey released in this report reveal that the public is taking notice. Nearly one-third of the respondents (31%) have deserted a news outlet because it no longer provides the news and information they had grown accustomed to.
Any individual journalist working today can produce much more than our predecessors could in 1978. And the audience can essentially read all of our output. Not just today's output either. Yesterday's and last week's and last month's and last year's and so forth. To the extent that the industry is suffering, it's suffering from a crisis of productivity. For people trying to make a living in journalism, the problems are real enough. But from a social viewpoint, these are excellent problems to have.
Consumer demand for credible news and information is greater than ever. The problem is the 100-year-old model for producing it is forever broken. That's why more attention must be paid to finding new ways to produce quality journalism -- efficiently, at scale and at a price supported by mobile CPMs, which at best are 50% lower than desktop CPMs, which if you're lucky come in two-thirds lower than print CPMs. In other words, a high-cost newsroom structure built for the print age will never work in a smartphone or tablet world.
The Warren Buffett equation for newspaper survivability: Paper with less than 30,000 circulation + located in a town of less than 75,000 + weekday circulation that covers at least 25 percent of the population + ratio of online readers to print subscribers of less than 5.
There was a part of me that always wanted to be an editor. Twitter is a way to curate things I really like, or that are interesting or curious. Sometimes it's ephemera. I always would get up and read every morning, all my adult life, five to ten publications. This is part of being a news junkie and having a professional need to know what's going on in the world. Frequently I find things I wouldn't necessarily write about.
The Midtown-based company promises to take the technical wizardry out of app making, easing the pathway to subscription revenue for those with eager—if nonpaying—online audiences. With clients drawn largely from New York City's deep ranks of freelance writers and independent editors, 29th Street helps develop and maintain simple apps for serialized content. The publishing staff also provides gentle nudges to get new editions out on time.