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New Media vs. Old Media


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These are the slides from a presentation I gave at TEDx Toronto on September 10, 2009. Feel free to use them, but please give me credit if you do. Thanks.

Published in: News & Politics, Business
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New Media vs. Old Media

  1. Five Ways New Media Will Save Old Media By Mathew Ingram Communities Editor, The Globe and Mail
  2. - old media needs to be saved - old media can be saved - old media should be saved Three implicit assumptions:
  3. Does old media need to be saved?
  4. - revenues dropping - circulation stagnant at best - newspapers going under
  5. Let's call that one “proven”
  6. Can old media be saved?
  7. I believe that it can... ...but I admit I have no proof this is true
  8. What do we mean when we say “saved?” If we mean returning media entities to previous levels of profitability, then no
  9. Should old media be saved?
  10. I believe that it should... ...but I have no proof that this is true either
  11. - accuracy - independence - sense of trust Old or “traditional” media has many strengths:
  12. Not salvation, but evolution We must teach the fish to walk on its fins
  13. Not “old” but “traditional” media All we need to do is add to those traditions – or change them
  14. A new ethic of journalism that includes reader interaction
  15. My evolution: 10 years ago, I was a “traditional” journalist
  16. I called people up, asked them irritating questions, wrote down what they said and then put it in the newspaper.
  17. Then: I stopped writing columns and started writing a blog.
  18. Two very powerful changes: 1) people could link to what I wrote, promoting it to their friends and others
  19. 2) people could comment on what I wrote, telling me when I was wrong, or adding information
  20. Those two fundamental changes encapsulate all the ways media has changed and is changing
  21. Five Ways New Media Will Save Old Media
  22. 1) By enlarging the size of the media pie - tools are cheap, widely distributed - more sources of media = better - unless you see it as a priesthood
  23. 2) by making media a process instead of a product - real events don't occur in neat, time-specific packages. That was an outgrowth of a specific platform
  24. 3) by making media human - people look for trusted filters - more information = more filters - we earn trust by being human
  25. 4) by making media multi-directional - people formerly known as readers - somewhere, someone knows - more information = better media
  26. 5) by giving people choice - see media as a spectrum - trade accuracy for immediacy? - dis-aggregation of media
  27. - they are all ways of strengthening the relationship we have with the people we formerly called readers What do these things have in common?
  28. - admitting that we are human - inviting them into the conversation - taking their input seriously We do that by:
  29. “ Trust is the new black.” - Craig Newmark
  30. A stronger relationship with the people formerly called readers isn't just a nice thing to have...'s the key to the survival of our industry.