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	<title>Gypsy Bandito &#187; revenue stream</title>
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		<title>Why Newspapers Need Tech VC</title>
		<link>http://www.gypsybandito.com/why-newspapers-need-tech-vc/</link>
		<comments>http://www.gypsybandito.com/why-newspapers-need-tech-vc/#comments</comments>
		<pubDate>Thu, 11 Jun 2009 16:00:33 +0000</pubDate>
		<dc:creator>CT Moore</dc:creator>
				<category><![CDATA[Fifth Estate]]></category>
		<category><![CDATA[new media]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[news media]]></category>
		<category><![CDATA[newspapers]]></category>
		<category><![CDATA[revenue stream]]></category>
		<category><![CDATA[social news organization]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://www.gypsybandito.com/?p=1121</guid>
		<description><![CDATA[<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/why-newspapers-need-tech-vc/' addthis:title='Why Newspapers Need Tech VC '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div>The transition from mere a newspaper to full-blown social news organizations (SNO) requires a significant investement in technological infrastructre. That&#8217;s not an easy bullet to bite when ad-revenues are falling and potential investors are increasingly wary of a fledgling industry. So perhaps print publishers should be looking at technology VCs, rather than the more conventional [...]<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/why-newspapers-need-tech-vc/' addthis:title='Why Newspapers Need Tech VC '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div>]]></description>
			<content:encoded><![CDATA[<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/why-newspapers-need-tech-vc/' addthis:title='Why Newspapers Need Tech VC '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div><p></p><p><img class="alignright size-full wp-image-1133" title="typewriter" src="http://www.gypsybandito.com/wordpress/wp-content/uploads/2009/06/typewriter2.jpg" alt="typewriter" width="270" height="203" />The transition from mere a newspaper to full-blown <a href="http://www.gypsybandito.com/newspapers-becoming-social-news-media-organizations/">social news organizations</a> (SNO) requires a <strong>significant investement </strong> in technological infrastructre. That&#8217;s not an easy bullet to bite when ad-revenues are falling and potential investors are increasingly wary of a fledgling industry. So perhaps print publishers should be looking at technology VCs, rather than the more conventional sources of capital.</p>
<p>After all, becoming a social news organization is more of a technological undertaking than an editorial one. After all, an SNO requires more than just taking on technical infrastructure. It also requires internalizing <em>tech culture</em> and making sure that you have the resources and people and over see it.</p>
<p>Just consider how (1) approaching <a href="http://www.gypsybandito.com/nyt-pushes-symbiotic-editorial/">readers as users</a> so that you can (2) offer them cross platform interaction through APIs to (3) can collect behavioral data, and (4) replace your ad-sales departments with a comprehensive marketing agencies (<a href="http://www.gypsybandito.com/symbiotic-editorial-what-print-publishing-can-learn-from-vice-magazine/">like Vice Magazine</a>) that can (5) help mine that user database, and then (6) use your <a href="http://www.gypsybandito.com/third-dimensional-advertising-and-social-media/">users to target advertisers</a> and (7) <a href="http://www.revenews.com/ctmoore/upgrading-the-newspaper-revenue-model/" target="_blank">diversify their ad offerings</a> accordingly and (7) subsequently collaborate with editorial to develop <a href="http://www.gypsybandito.com/symbiotic-editorial/">symbiotic content model</a>.</p>
<p>Internalizing a tech culture is so important for a newspaper to survive because it&#8217;s technology and new media that have eaten in to readerships, ad sales, and classifieds revenue. Simply put, it&#8217;s <strong><em>adapt</em> and overcome</strong>. This is more than a media revolution. It&#8217;s <strong><em>evolution</em></strong>, and if outlets don&#8217;t evolve into <a href="http://www.gypsybandito.com/the-media-entity/">media entities</a>, they will simply go extinct.</p>
<p>Consider, <a href="http://www.vanityfair.com/magazine/2009/07/graydon200907" target="_blank">recent comments</a> by <a href="http://www.vanityfair.com" target="_blank">Vanity Fair</a>&#8216;s editor Graydon Carter:</p>
<blockquote><p>The Internet is partly to blame for all of this, and perhaps micro-pricing or gated content will be part of the solution. “Youthing” down a paper to attract 21-year-olds isn’t the answer: the only way you’re ever going to get the average 21-year-old to read a daily newspaper is to wait 9 years until he’s 30. My suggestion to newspapers everywhere is to <em>give the public a reason to read them again</em>. So here’s an idea: get on a big story with widespread public appeal, devote your best resources to it, say a quiet prayer, and swing for the fences. <em>[emphasis my own]</em></p></blockquote>
<p>Say a prayer, indeed! While original and compelling content is part of the solution (something that both <a href="http://voices.allthingsd.com/20090521/gawker-chief-original-reporting-will-be-rewarded/" target="_blank">Nick Denton</a> and <a href="http://www.siliconvalleywatcher.com/mt/archives/2009/02/some_ideas_on_r.php" target="_blank">Tom foremski</a> agree with), it&#8217;s only <em>part</em> of the solution.</p>
<p>Where Carter is <strong>kinda wrong</strong> is in &#8220;youthing down&#8221; a paper, and I say &#8220;kinda wrong&#8221; because papers should actually be &#8220;<em>youthing up</em> rather than down. You see, <a href="http://www.gypsybandito.com/content-delivery-is-king/">content <em>devlivery</em></a> is another integral part of the solution, and if newspapers are going to survive, they have to start accommodating the 30-year-olds of 5 years from now &#8212; not necessarily the 30-year-olds of 9 years from now, but definitely the 30-year-olds of 5 years from now. &#8216;Cause if they don&#8217;t, the 25 year-olds of today are going to get into the habit of going elsewhere for their (less authoritative) content, and we&#8217;re all going to be the worse for it.</p>
<p>This is why social media APIs are so much part an parcel of a <em>symbiotic editorial model</em>: because readers are now users, and users <em>interact with</em> content. They don&#8217;t just consume it. As Alan Rusbridger, the Editor-in-Chief of <a target="_blank">The Guardian</a>, noted in a <a href="http://www.gypsybandito.com/the-guardians-ed-in-chief-on-the-future/">recent interview</a>, there is a blurring between the reader and the journalist, so it’s become necessary to involve the reader more and create a community around your journalist core.</p>
<p>And everything from approaching your readers as user to diversifying your revenue stream and targeting advertisers through user-data is a technological undertaking. So tech VCs may not only provide newspapers with the financial resources to make the transition to an SNO, they might also provide access to a network of resources and people who can help ensure that the transition goes more smoothly.</p>
<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/why-newspapers-need-tech-vc/' addthis:title='Why Newspapers Need Tech VC '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div>]]></content:encoded>
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		<title>What Local Papers Can Learn from a Blog Mogul</title>
		<link>http://www.gypsybandito.com/what-local-papers-can-learn-from-a-blog-mogul/</link>
		<comments>http://www.gypsybandito.com/what-local-papers-can-learn-from-a-blog-mogul/#comments</comments>
		<pubDate>Thu, 21 May 2009 21:32:52 +0000</pubDate>
		<dc:creator>CT Moore</dc:creator>
				<category><![CDATA[Fifth Estate]]></category>
		<category><![CDATA[local papers]]></category>
		<category><![CDATA[local web]]></category>
		<category><![CDATA[Mobile Web]]></category>
		<category><![CDATA[newspapers]]></category>
		<category><![CDATA[nick denton]]></category>
		<category><![CDATA[original content]]></category>
		<category><![CDATA[paid content]]></category>
		<category><![CDATA[personalized web]]></category>
		<category><![CDATA[revenue stream]]></category>

		<guid isPermaLink="false">http://www.gypsybandito.com/?p=1058</guid>
		<description><![CDATA[<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/what-local-papers-can-learn-from-a-blog-mogul/' addthis:title='What Local Papers Can Learn from a Blog Mogul '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div>Maybe what&#8217;s plaguing so many local newspapers these days is that they aren&#8217;t so &#8220;local&#8221; anymore. I mean, one of the ideas that Tom Foremski had about how newspapers, especially local ones, could reinvent themselves was by owning their local stories &#8212; from community reporting to business and political stories that originate within their beat. [...]<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/what-local-papers-can-learn-from-a-blog-mogul/' addthis:title='What Local Papers Can Learn from a Blog Mogul '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div>]]></description>
			<content:encoded><![CDATA[<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/what-local-papers-can-learn-from-a-blog-mogul/' addthis:title='What Local Papers Can Learn from a Blog Mogul '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div><p></p><div id="attachment_1060" class="wp-caption alignright" style="width: 240px">
	<a href="http://www.flickr.com/photos/mymontreal/3432776292/"><img class="size-full wp-image-1060" title="Newspaper dispensers" src="http://www.gypsybandito.com/wordpress/wp-content/uploads/2009/05/newspaper_dispenser.jpg" alt="Image: &quot;Newspaper dispensers&quot; by MY MONTREAL" width="240" height="180" /></a>
	<p class="wp-caption-text">Image: &quot;Newspaper dispensers&quot; by MY Montreal</p>
</div>
<p>Maybe what&#8217;s plaguing so many local newspapers these days is that they aren&#8217;t so &#8220;<em>local</em>&#8221; anymore. I mean, one of the <a href="http://www.siliconvalleywatcher.com/mt/archives/2009/02/some_ideas_on_r.php" target="_blank">ideas that Tom Foremski had</a> about how newspapers, especially local ones, could reinvent themselves was by <em>owning their local stories</em> &#8212; from community reporting to business and political stories that originate within their beat. The crux of this approach is that it&#8217;d allow newspapers to offer <strong>wholly original content</strong>, something that people might be willing to keep paying for (whether through subscriptions or their eye-balls).</p>
<p>After all, most of what online media has done to over-saturated the content market has been through regurgitation. Even though the mainstream media (MSM) has lost revenues, it&#8217;s not like the up-and-comers have captured their marketing sure. These up-and-comers are costing the MSM more than the up-and-comers themselves are worth (i.e. generating in revenue).</p>
<p>So there&#8217;s still a demand for <strong>oringinal content</strong> if only because it seems even scarcer on the high-seas of content-up-chuck. Consider a <a href="http://adage.com/digital/article?article_id=136776" target="_blank">recent AdAge interview</a> with <a href="http://nickdenton.org/" target="_blank">Nick Denton</a> , the founder of <a href="http://www.gawker.com" target="_blank">Gawker Media</a>:</p>
<blockquote><p>On his way to the bunker, Mr. Denton sold two non-core blogs, Consumerist and Idolator; <a class="body" title="AllthingsD: Say Goodbye to Hollywood: Gawker Valleywags Defamer" href="http://mediamemo.allthingsd.com/20090222/say-goodbye-to-hollywood-gawker-valleywags-defamer/" target="_blank">folded</a> Valleywag and Defamer into Gawker itself; and shed some staff.  Now he&#8217;s hired some new journalists at Kotaku and Gawker, and while they&#8217;ll still live and die (or at least dine) by their page views, <strong>Mr. Denton said he believes traffic rewards scoops and original reporting over snarky reheats</strong>. <strong>[</strong><em>emphasis my own</em>.<strong>]</strong></p></blockquote>
<p>Why should we listen to Denton? Well, because he seems to have pulled up Gawker&#8217;s boot straps and gotten its head above the water while the undertow was pulling a lot of other publishers down by those very same boots.</p>
<p>So how does a local paper focus more on original content? Well, maybe by becoming <strong>more verticalized</strong>. And since no media does &#8220;<em>vertical</em>&#8221; better than blogs, maybe successful blogs offer a clue on how to <a href="http://www.gypsybandito.com/how-to-save-a-local-newspaper/">save local newspapers</a>.</p>
<p>Blogs have verticals. Well, <strong>so do local papers</strong>. Their veritcal is the municipality. And where blogs have categories, local papers can also learn a lesson. Instead of categories, local papers could have <strong>neighbourhoods</strong>.</p>
<p>Right now, the majority of local papers syndicate their national/international news to cut costs, and they are failing there because news off the wire doesn&#8217;t put it into the <strong>context of the community</strong>. Providing that &#8220;<em>community context</em>&#8221; will be an integral part to becoming <a href="http://www.gypsybandito.com/newspapers-becoming-social-news-media-organizations/">news media organizations</a> rather than mere &#8220;<em>papers</em>&#8221; (as Tom suggests), and will make it all that more viable to <a href="http://www.revenews.com/ctmoore/upgrading-the-newspaper-revenue-model/" target="_blank">reinvent their revenue model</a> for an increasingly mobile and personalized web.</p>
<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/what-local-papers-can-learn-from-a-blog-mogul/' addthis:title='What Local Papers Can Learn from a Blog Mogul '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div>]]></content:encoded>
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		<title>Monty Python Gets It</title>
		<link>http://www.gypsybandito.com/monty-python-gets-it/</link>
		<comments>http://www.gypsybandito.com/monty-python-gets-it/#comments</comments>
		<pubDate>Tue, 23 Dec 2008 21:13:37 +0000</pubDate>
		<dc:creator>CT Moore</dc:creator>
				<category><![CDATA[Video]]></category>
		<category><![CDATA[comedy commerce]]></category>
		<category><![CDATA[getting it]]></category>
		<category><![CDATA[mainstream media]]></category>
		<category><![CDATA[MSM]]></category>
		<category><![CDATA[new media]]></category>
		<category><![CDATA[revenue stream]]></category>
		<category><![CDATA[UGC]]></category>
		<category><![CDATA[user generated content]]></category>

		<guid isPermaLink="false">http://www.gypsybandito.com/?p=657</guid>
		<description><![CDATA[<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/monty-python-gets-it/' addthis:title='Monty Python Gets It '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div>Whatever &#8220;it&#8221; is, Monty Python seems to have it by the short hairs. I came across this on Johnnie Moore&#8217;s blog (who found it on Geoff Jones&#8217; blog). First, the strategy it is exemplar of an established media brand rolling with a fury of punches it can&#8217;t deflect. Second, the content is perfectly formated for [...]<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/monty-python-gets-it/' addthis:title='Monty Python Gets It '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div>]]></description>
			<content:encoded><![CDATA[<div class="addthis_toolbox addthis_default_style " addthis:url='http://www.gypsybandito.com/monty-python-gets-it/' addthis:title='Monty Python Gets It '  ><a class="addthis_button_facebook_like" fb:like:layout="button_count"></a><a class="addthis_button_tweet"></a><a class="addthis_button_google_plusone" g:plusone:size="medium"></a><a class="addthis_counter addthis_pill_style"></a></div><p></p><p>Whatever &#8220;it&#8221; is, Monty Python seems to have it by the short hairs. I came across this on <a href="http://www.johnniemoore.com/blog/archives/002136.php" target="_blank">Johnnie Moore&#8217;s blog</a> (who found it on <a href="http://geoffjones.com/2008/11/20/all-of-monty-python-for-free/" target="_blank">Geoff Jones&#8217; blog</a>). <strong>First</strong>, the strategy it is exemplar of an <em>established </em>media brand rolling with a fury of punches it can&#8217;t deflect. <strong>Second</strong>, the content is perfectly formated for the web video consumption patterns. <strong>Finally</strong>, the strategy<em> </em>has a <strong>revenue stream</strong> component. Now how many video bloggers can claim that they &#8220;get&#8221; all three of <em>those</em> &#8212; especially the last one?</p>
<p>Mainstream Media 1, User Generated New Media Free Hippy Love 0.</p>
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