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This document discusses the evolution of the news business from print newspapers to television to the internet. It notes how the internet news business does not require as much expensive editorial overhead as older models. It then discusses how social media allows real-time reporting from events around the world directly from people on the ground, replacing the need for traditional reporters in many cases. It contrasts traditional journalistic practices with social media curation approaches and notes that they ultimately serve the same purpose. Finally, it outlines the new model of news filtering with mainstream media acting as the "final mile" and social media and billions of mobile users providing direct reporting from events.










