SlideShare a Scribd company logo
1 of 21
Coyau/WikimediaCommons/CC-BY-SA-3.0
Making money
MEDIA, POWER AND CULTURE
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
What can you sell?
• Product
• Service
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Media products
• Newspaper, magazine, book
• Record, CD
• VCR tape, DVD
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Media services
• Entertainment
• Information
• A service captured in a medium = content
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Media issues
• The product is only a medium for the
service
• The product makes the service reusable
• The medium is no longer a product
• The service (content) is not fully
consumed
MEDIA COSTS
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Content
• Information or entertainment
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Content generation
• Generated in house
• Generated elsewhere at a cost
• Provided by source
• Provided by volunteers
• Human aggregation
• Computer-mediated aggregation
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Production
• Manipulation of content to suit production
needs
• Operation and maintenance of production
hardware and software
• Archiving of content
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Distribution
• Delivery of product from production to
audience
MEDIA REVENUES
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Sources
• Audience
• Subsidies
• Advertising
• Merchandising
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Audience
• Purchase / per use
• Purchase / subscription
• Donate / one-time
• Donate / sponsor
• Indirect / data
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Subsidies
• Political
• Vanity
• Commercial
• Civic
• Organizational
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Advertising
• Persuasion
• Recognition
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Merchandising
• Branded
• Exclusive content or special access
• Recommendations
• Events
MEDIA PROBLEMS
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Only a medium
• Only as valuable as the content it contains
• Can become obsolete
• Content can be separated from medium
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Reusable
• Repetition lowers the perceived value
• Reuse divorces size of audience from
revenues received
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
No more product
• No point of sale
• Service without personal contact
• Technology may allow for unlimited reuse
AprilKillingsworth/Flickr/CC-BY-2.0
Kroll BoP
Incomplete consumption
• Lowering of perceived value
• Increased motivation to divorce content
from medium

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Editor's Notes

  1. Novels and short stories aren’t journalism, although they may be placed inside journalism structures
  2. All of 1st five are traditional. #1 usually most expensive; #3 least expensive and least ethical. #4 most troublesome – lack of control, consistency
  3. #3 a recent addition. For small operations, this can be very low-cost today, but at high end it’s expensive to maintain servers, updates, etc. Flip of tradition where production costs were highest share for low volume.
  4. Purchase per-use tends to generate more income, but be less useful to advertisers; subscribers are subsidized to be sold. One-time donations make it hard to plan.
  5. Vanity: I want a mouthpiece because I want to be heard personally. Jeff Bezos, Amazon-Washington Post. Commercial: Airline magazines. Civic: Philadelphia experiment. Organizational: NPPA magazine.
  6. Display – ads that confront you in the midst of editorial; classified – ads that users seek out. “Purchase” ads’ impact can be directly measured; “brand” ads more about reaching the right folks.
  7. Branded: Tote bags, mugs. Content: To wires, photos. Recommendations: Amazon. Special access: to newsmakers or reporters.