death of newspapers

56 results back to index


pages: 336 words: 90,749

How to Fix Copyright by William Patry

A Declaration of the Independence of Cyberspace, barriers to entry, big-box store, borderless world, business cycle, business intelligence, citizen journalism, cloud computing, commoditize, creative destruction, crowdsourcing, death of newspapers, en.wikipedia.org, facts on the ground, Frederick Winslow Taylor, George Akerlof, Gordon Gekko, haute cuisine, informal economy, invisible hand, Joseph Schumpeter, Kickstarter, knowledge economy, lone genius, means of production, moral panic, new economy, road to serfdom, Ronald Coase, Ronald Reagan, semantic web, shareholder value, Silicon Valley, The Chicago School, The Wealth of Nations by Adam Smith, trade route, transaction costs, trickle-down economics, winner-take-all economy, zero-sum game

Newspapers unfortunately provide an example of a failure to adapt, and of the use of calls for new laws as an excuse for not adapting. Newspapers: A Failure to Adapt There is no question newspapers have serious problems, but those problems are business problems and cannot be solved by additional legal rights.To listen to some in the newspaper business, the industry was destroyed by Internet search engines. As we shall see, the decline in the newspaper business has been going on for a long time, well before the advent of the Internet, and involves loss of advertising revenue made possible by artificial, analog scarcity. Newspapers’ revenue losses, while substantial, have nothing to do with copying their content, and therefore nothing to do with copyright laws. If all search engines stop crawling and indexing newspapers’ websites, is there anyone who doubts newspapers 146 HOW TO FIX COPYRIGHT would receive less, and not more advertising revenue?

Newspaper circulation per household 1.2 1.0 0.8 0.6 0.4 0.2 1950 FIGURE 5.1 1960 1970 1980 1990 2000 Newspaper Circulation per Household Source: Newspaper Association of America In the competition for advertising dollars, the media share of U.S. advertising for newspapers has declined from around 36 percent in 1949 to 13 percent in 2009, with the steepest short-term decline being in the ten-year period of 1949 to 1959, as a result of the increased popularity of television. The next big short-term drop occurred in the period 1989 to 1993, the latter date being the date the World Wide Web was opened up for free to the public. Television, both over the air and cable, by contrast, began with zero advertising market share in 1949, and went up to 26 percent in 2009. Direct mail has also gone up, from 15 percent in 1949 to 22 percent in 2009. The decline in newspaper advertising thus 150 HOW TO FIX COPYRIGHT occurred most sharply before the introduction of the Web, while other media, especially cable television, have gained at newspapers’ expense. One important reason for newspapers’ decline in advertising revenue versus other media is the decline in the amount of time consumers spend with newspapers. Advertisers follow the eyeballs, and if the eyeballs go someplace else, advertisers go to that other place too.

Media Usage and Consumer Spending Media Unit 2005 2006 Total Hours 3,543 3,530 Television Broadcast Television Network stations Independent stations Cable, Satellite & RBOC TV Services Basic cable, satellite & RBOC TV Premium cable, satellite & RBOC TV Broadcast and satellite radio Recorded music Out-of-home media Consumer magazines Consumer books Videogames Home video Yellow Pages Box office Pure-play mobile services In-flight entertainment Hours Hours Hours Hours Hours 1,659 679 582 97 980 Hours 2007 2008 2009 2010 2011 projection projection projection projection projection 3,532 3,559 3,569 3,596 3,624 1,673 676 599 77 997 1,686 676 603 73 1,010 1,704 678 604 74 1,027 1,714 673 598 75 1,041 1,728 673 598 75 1,055 1,742 669 593 76 1,073 807 835 849 865 877 891 913 Hours 173 161 161 162 164 164 159 Hours Hours Hours Hours Hours Hours Hours Hours Hours Hours Hours 805 196 130 124 107 73 63 12 12 9 1 778 186 133 121 108 76 62 13 12 12 1 769 171 137 119 108 82 64 13 13 16 1 768 165 141 117 108 90 66 13 13 21 2 760 168 145 114 109 91 68 13 13 28 2 758 174 149 112 109 94 70 12 14 33 2 751 185 154 110 110 100 70 12 14 38 2 152 HOW TO FIX COPYRIGHT It should be no surprise that advertisers have gone with media that have an increase in consumer viewing rather than with media that are declining in consumer viewing. Newspapers are in decline and therefore so are their advertising revenue. This is the market at work, and is not the fault of others, especially Internet companies. Laws cannot force people to spend more time reading newspapers. People are estimated to spend somewhat over one minute a day reading news online versus twenty-five minutes a day reading hard copy newspapers. Magazines readership is up, with readers (young and old) spending an average of fortythree minutes per issue.


pages: 236 words: 77,098

I Live in the Future & Here's How It Works: Why Your World, Work, and Brain Are Being Creatively Disrupted by Nick Bilton

3D printing, 4chan, Albert Einstein, augmented reality, barriers to entry, Cass Sunstein, death of newspapers, en.wikipedia.org, Internet of things, Joan Didion, John Gruber, John Markoff, Marshall McLuhan, Nicholas Carr, QR code, recommendation engine, RFID, Saturday Night Live, Steve Jobs, Steven Pinker, Stewart Brand

As an employee of this industry, I’ve been involved in more meetings on this topic than a single human being should be allowed to attend in a lifetime. I’ve been to all-day talks and fifty-person meetings with everyone from the CEO to a lowly intern and all the players in between. I’ve also attended conferences as a panel member with other journalists and publishers to discuss this very topic. Depending on who is in the room, these conversations usually start out lamenting the death of newspapers and magazines and quickly move to asking how we will ever be able to charge people to access news online. I have heard over and over that young people won’t pay for anything. Movie producers, publishers, and musicians argue that kids have been raised to think content is free and they have a God-given right to take it. I’m not going to list a magic formula here with profit margins, returns on investment, or revenue models.


pages: 293 words: 78,439

Dual Transformation: How to Reposition Today's Business While Creating the Future by Scott D. Anthony, Mark W. Johnson

activist fund / activist shareholder / activist investor, additive manufacturing, Affordable Care Act / Obamacare, Airbnb, Amazon Web Services, autonomous vehicles, barriers to entry, Ben Horowitz, blockchain, business process, business process outsourcing, call centre, Clayton Christensen, cloud computing, commoditize, corporate governance, creative destruction, crowdsourcing, death of newspapers, disintermediation, disruptive innovation, distributed ledger, diversified portfolio, Internet of things, invention of hypertext, inventory management, Jeff Bezos, job automation, job satisfaction, Joseph Schumpeter, Kickstarter, late fees, Lean Startup, Lyft, M-Pesa, Marc Andreessen, Mark Zuckerberg, Minecraft, obamacare, Parag Khanna, Paul Graham, peer-to-peer lending, pez dispenser, recommendation engine, self-driving car, shareholder value, side project, Silicon Valley, Skype, software as a service, software is eating the world, Steve Jobs, the market place, the scientific method, Thomas Kuhn: the structure of scientific revolutions, transfer pricing, uber lyft, Watson beat the top human players on Jeopardy!, Y Combinator, Zipcar

Cross-company interaction Largely operate in silos Regular interaction between functions or geographies Regular interaction between functions and geographies Openness to experimentation No means to design and run experiments Experiments run with approval from top leaders Experiments part of day-to-day operations Idea sharing Ideas shared only when they are “perfect” Ideas shared when they are well documented Rough (but well thought out) ideas are shared to get fast feedback Failure tolerance Failure carries heavy stigma No penalties for the “right kind” of failure Learning from failure celebrated equally with commercial success Number of answers Weighting × 1 × 3 × 5 Total score Total 8–14 Hostile to curiosity 15–22 Pockets of curiosity 23–29 Foundations of curiosity 30+ Culture of curiosity Notes Chapter 1 Steve Sasson “that’s cute” quote: Claudia H. Deutsch, “At Kodak, Some Old Things Are New Again,” New York Times, May 2, 2008. Decline in newspaper advertising revenue: Henry Blodget, “And Now Let Us Gasp In Astonishment At What Just Happened To The Newspaper Business,” Business Insider, September 15, 2012, http://www.businessinsider.com/newspaper-advertising-collapse-2012-9. Jim Balsillie interview: CBC, The Hour, April 1, 2008, https://www.youtube.com/watch?v=wQRcEObmSRM. Schumpeter quotes: Joseph R. Schumpeter, Capitalism, Socialism, and Democracy (New York: Harper & Brothers, 1942).


pages: 360 words: 101,038

The Revenge of Analog: Real Things and Why They Matter by David Sax

Airbnb, barriers to entry, big-box store, call centre, cloud computing, creative destruction, death of newspapers, declining real wages, delayed gratification, dematerialisation, deskilling, Detroit bankruptcy, Elon Musk, Erik Brynjolfsson, game design, hypertext link, informal economy, Jaron Lanier, Jeff Bezos, job automation, John Markoff, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Kevin Kelly, Khan Academy, Kickstarter, knowledge economy, low cost airline, low skilled workers, mandatory minimum, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Minecraft, new economy, Nicholas Carr, Peter Thiel, Ponzi scheme, quantitative hedge fund, race to the bottom, Rosa Parks, Second Machine Age, self-driving car, short selling, Silicon Valley, Silicon Valley startup, Skype, Snapchat, Steve Jobs, technoutopianism, Travis Kalanick, upwardly mobile, Whole Earth Catalog

“People who were working on the web, like us, weren’t hung up on the digital thing anymore.” When the trio began calling British newspaper printers to get quotes on printing Things Our Friends Put on the Internet in 2008, they ran into a problem. Newspaper printing presses were set up to print large quantities of newspapers at once—tens of thousands of copies—and even though these printing plants had been greatly diminished by a decline in newspaper sales, small print runs were uneconomical. They finally found a printer willing to print one thousand copies of Things Our Friends Put on the Internet in 2008, gave a bunch away, and put the rest for sale on their own blogs. Surprisingly, they sold out. The three friends had stumbled on two crucial things that great businesses are made of: a market for a product (custom newspapers), and underused capacity in the industry serving them.


pages: 532 words: 139,706

Googled: The End of the World as We Know It by Ken Auletta

23andMe, AltaVista, Anne Wojcicki, Apple's 1984 Super Bowl advert, Ben Horowitz, bioinformatics, Burning Man, carbon footprint, citizen journalism, Clayton Christensen, cloud computing, Colonization of Mars, commoditize, corporate social responsibility, creative destruction, death of newspapers, disintermediation, don't be evil, facts on the ground, Firefox, Frank Gehry, Google Earth, hypertext link, Innovator's Dilemma, Internet Archive, invention of the telephone, Jeff Bezos, jimmy wales, John Markoff, Kevin Kelly, knowledge worker, Long Term Capital Management, Marc Andreessen, Mark Zuckerberg, Marshall McLuhan, Menlo Park, Network effects, new economy, Nicholas Carr, PageRank, Paul Buchheit, Peter Thiel, Ralph Waldo Emerson, Richard Feynman, Sand Hill Road, Saturday Night Live, semantic web, sharing economy, Silicon Valley, Skype, slashdot, social graph, spectrum auction, stealth mode startup, Stephen Hawking, Steve Ballmer, Steve Jobs, strikebreaker, telemarketer, the scientific method, The Wisdom of Crowds, Upton Sinclair, X Prize, yield management, zero-sum game

Google had 7,000 employees working out of 62 offices, 30 of them outside the United States, which produced nearly 40 percent of its revenues. By the end of 2005, the company had indexed 8 billion Web pages in 116 languages; its revenues soared to $6.1 billion and its net income to $1.5 billion. Meanwhile, the tide was running against traditional media. In December of 2005, 77 percent of Americans had Internet access at work and 37 percent of all adults had high-speed access to the Internet. The slight but steady decline in newspaper circulation suddenly steepened in 2004 and 2005. The circulation of daily newspapers would plunge 6.3 percent between 2003 and 2006, with Sunday circulation falling 8 percent. Newspaper advertising revenues, which had grown on average in the high single digits since 1950, beginning in 2001 fell in four of the next seven years, and in 2006 began to fall more steeply. With investors convinced that companies like Google would grow while newspapers would not, the stock price of newspaper companies also plunged—falling 20 percent on average in 2005—leaving them less capital to diversify by acquiring growth businesses.


pages: 218 words: 65,422

Better Living Through Criticism: How to Think About Art, Pleasure, Beauty, and Truth by A. O. Scott

barriers to entry, citizen journalism, conceptual framework, death of newspapers, hive mind, Joan Didion, Marshall McLuhan, Ralph Waldo Emerson, sexual politics, sharing economy, social web, the scientific method

The critic’s inky, pulpy native habitat, a sometimes mean and shabby place but a home all the same, is threatened, like so much else, by the blindingly rapid rise of digital media, which has already, in a little more than a decade, decisively transformed the world of print and may yet kill it off entirely. Farseeing media mystics and hardheaded business analysts routinely show up on social media, on television, and between hard covers to prophesy the death of newspapers, the evolution of books and magazines into e- and app versions of their former selves, and the imminent obsolescence of all the old ways of doing things. Their visions grow less outlandish and more self-evident every day. There is no question that the world of printed discourse, in which criticism has occupied a small but well-appointed corner, is undergoing enormous change. The questions—at least as they are routinely brought up in academic symposia, industry gatherings, and late-night drunken pity parties—have to do with the direction and consequences of the change.


pages: 299 words: 19,560

Utopias: A Brief History From Ancient Writings to Virtual Communities by Howard P. Segal

1960s counterculture, British Empire, Buckminster Fuller, complexity theory, David Brooks, death of newspapers, dematerialisation, deskilling, energy security, European colonialism, Francis Fukuyama: the end of history, full employment, future of journalism, G4S, garden city movement, germ theory of disease, Golden Gate Park, invention of the printing press, Isaac Newton, Jeff Bezos, John Markoff, John von Neumann, knowledge economy, liberation theology, Louis Pasteur, Mark Zuckerberg, mass immigration, means of production, Nelson Mandela, Nicholas Carr, Nikolai Kondratiev, out of africa, Ralph Waldo Emerson, Ray Kurzweil, Ronald Reagan, Silicon Valley, Skype, stem cell, Stephen Hawking, Steve Jobs, Steve Wozniak, Stewart Brand, technoutopianism, Thomas Malthus, Thorstein Veblen, transcontinental railway, traveling salesman, union organizing, urban planning, War on Poverty, Whole Earth Catalog

Recent books include Mark Bowden’s The Best Game Ever: Giants vs. Colts, 1958, and the Birth of the Modern NFL (National Football League); Howard Bryant’s The Last Hero: A Life of Henry Aaron; David Maraniss’ Rome 1960: The Olympics that Changed the World; and, boldest of all, Fred Kaplan’s 1959: The Year that Changed Everything. Or, as a Boston Globe columnist wrote in 2005, “This has to be the Golden Age of Apocalyptic Presentiments. The death of newspapers. The death of glaciers. An Atlantic Monthly writer The Resurgence of Utopianism 191 recently speculated on the death of death” because of healthy habits.10 Ironically, a genuine and profound change in the common conceptualization of technology has not been sufficiently appreciated. Whereas throughout most of the twentieth century science and technology were commonly conceived as the solution to widely acknowledged large-scale problems such as poverty, education, irrigation, and water and electrical power, in recent decades science and technology have increasingly come to be viewed as the fulfillment on a small scale of individual needs and desires, ranging from birth control pills to online college degrees to virtual travel to cyberspace relationships.


pages: 284 words: 72,406

Scrum: The Art of Doing Twice the Work in Half the Time by Jeff Sutherland, Jj Sutherland

Baxter: Rethink Robotics, business cycle, call centre, clean water, death of newspapers, fundamental attribution error, knowledge worker, meta analysis, meta-analysis, Milgram experiment, minimum viable product, pets.com, RAND corporation, rent-seeking, Richard Feynman, Rodney Brooks, Shai Danziger, Silicon Valley, Tony Hsieh, Toyota Production System

Apple famously does this with all their products, often building a dozen fully functioning prototypes before organizing a shoot-out to see which one is the best. This allows different ideas to be expressed quickly without a massive investment. Financial risk is what causes most companies to fail. They’ve built something cool, but they can’t sell it for enough to actually make a profit. A classic example of this is online journalism and the death of the newspaper. When the web first exploded in the nineties, newspapers were eager to get their content on the Internet. Some newspaper chiefs figured that, off-line or on, people would pay to advertise, so they made the content free. The problem, of course, was that advertisers were willing to pay far less money for online ads than print ads. Yet the cost of producing content remained the same. Others tried to put up pay walls in front of their content, but there were so many sites offering news for free that they were often forced to follow suit.


pages: 313 words: 84,312

We-Think: Mass Innovation, Not Mass Production by Charles Leadbeater

1960s counterculture, Andrew Keen, barriers to entry, bioinformatics, c2.com, call centre, citizen journalism, clean water, cloud computing, complexity theory, congestion charging, death of newspapers, Debian, digital Maoism, disruptive innovation, double helix, Douglas Engelbart, Edward Lloyd's coffeehouse, frictionless, frictionless market, future of work, game design, Google Earth, Google X / Alphabet X, Hacker Ethic, Hernando de Soto, hive mind, Howard Rheingold, interchangeable parts, Isaac Newton, James Watt: steam engine, Jane Jacobs, Jaron Lanier, Jean Tirole, jimmy wales, Johannes Kepler, John Markoff, John von Neumann, Joi Ito, Kevin Kelly, knowledge economy, knowledge worker, lateral thinking, lone genius, M-Pesa, Mark Shuttleworth, Mark Zuckerberg, Marshall McLuhan, Menlo Park, microcredit, Mitch Kapor, new economy, Nicholas Carr, online collectivism, planetary scale, post scarcity, Richard Stallman, Shoshana Zuboff, Silicon Valley, slashdot, social web, software patent, Steven Levy, Stewart Brand, supply-chain management, The Death and Life of Great American Cities, the market place, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Kuhn: the structure of scientific revolutions, Whole Earth Catalog, Zipcar

This view might offer some comfort to people who are worried about the web: we might have more time to get used to the web than we initially thought. The changes it brings might be evolutionary rather than disruptive. Yet if the Edgerton view is correct it would also mean that the changes we have seen in just the first decade of the mass adoption of the web – the complete upheaval in the music recording industry, the savage decline in US newspapers, the disappearance of many youth magazines, the quick creation of new media giants like Google – these might just be the tip of an iceberg. We have another fifty years of change of this kind to come and the scale of the upheavals may be even greater as the technology becomes widely adopted and gains momentum. A third small but vociferous group are people who say the web is already having a big impact on society and it is mainly bad for us.


pages: 855 words: 178,507

The Information: A History, a Theory, a Flood by James Gleick

Ada Lovelace, Alan Turing: On Computable Numbers, with an Application to the Entscheidungsproblem, Albert Einstein, AltaVista, bank run, bioinformatics, Brownian motion, butterfly effect, citation needed, Claude Shannon: information theory, clockwork universe, computer age, conceptual framework, crowdsourcing, death of newspapers, discovery of DNA, Donald Knuth, double helix, Douglas Hofstadter, en.wikipedia.org, Eratosthenes, Fellow of the Royal Society, Gödel, Escher, Bach, Henri Poincaré, Honoré de Balzac, index card, informal economy, information retrieval, invention of the printing press, invention of writing, Isaac Newton, Jacquard loom, Jaron Lanier, jimmy wales, Johannes Kepler, John von Neumann, Joseph-Marie Jacquard, lifelogging, Louis Daguerre, Marshall McLuhan, Menlo Park, microbiome, Milgram experiment, Network effects, New Journalism, Norbert Wiener, Norman Macrae, On the Economy of Machinery and Manufactures, PageRank, pattern recognition, phenotype, Pierre-Simon Laplace, pre–internet, Ralph Waldo Emerson, RAND corporation, reversible computing, Richard Feynman, Rubik’s Cube, Simon Singh, Socratic dialogue, Stephen Hawking, Steven Pinker, stochastic process, talking drums, the High Line, The Wisdom of Crowds, transcontinental railway, Turing machine, Turing test, women in the workforce

.♦ In England a writer for The Morning Chronicle described the thrill of receiving his first report across the Cooke-Wheatstone telegraph line, the first instalment of the intelligence by a sudden stir of the stationary needle, and the shrill ring of the alarum. We looked delightedly into the taciturn face of our friend, the mystic dial, and pencilled down with rapidity in our note-book, what were his utterances some ninety miles off.♦ This was contagious. Some worried that the telegraph would be the death of newspapers, heretofore “the rapid and indispensable carrier of commercial, political and other intelligence,”♦ as an American journalist put it. For this purpose the newspapers will become emphatically useless. Anticipated at every point by the lightning wings of the Telegraph, they can only deal in local “items” or abstract speculations. Their power to create sensations, even in election campaigns, will be greatly lessened—as the infallible Telegraph will contradict their falsehoods as fast as they can publish them.


pages: 244 words: 66,977

Subscribed: Why the Subscription Model Will Be Your Company's Future - and What to Do About It by Tien Tzuo, Gabe Weisert

3D printing, Airbnb, airport security, Amazon Web Services, augmented reality, autonomous vehicles, blockchain, Build a better mousetrap, business cycle, business intelligence, business process, call centre, cloud computing, cognitive dissonance, connected car, death of newspapers, digital twin, double entry bookkeeping, Elon Musk, factory automation, fiat currency, Internet of things, inventory management, iterative process, Jeff Bezos, Kevin Kelly, Lean Startup, Lyft, manufacturing employment, minimum viable product, natural language processing, Network effects, Nicholas Carr, nuclear winter, pets.com, profit maximization, race to the bottom, ride hailing / ride sharing, Sand Hill Road, shareholder value, Silicon Valley, skunkworks, smart meter, social graph, software as a service, spice trade, Steve Ballmer, Steve Jobs, subscription business, Tim Cook: Apple, transport as a service, Uber and Lyft, uber lyft, Y2K, Zipcar

Meanwhile, airline executives are swapping notes with digital media experts around topics like churn, retention, and customer lifetime value. Train companies are moving beyond thinking about customer segmentation and into thinking about individual customers themselves. Things are becoming unstuck. It’s pretty exciting. CHAPTER 5 COMPANIES FORMERLY KNOWN AS NEWSPAPERS So much for the death of the newspaper industry. A recent Nielsen Scarborough study found that more than 169 million US adults now read newspapers every month, in print, online, or on a mobile device. That’s almost 70 percent of the adult population. According to the latest Reuters Institute Digital News Report, The New York Times, The Wall Street Journal, and The New Yorker all gained hundreds of thousands of new digital subscribers in 2017.


pages: 422 words: 131,666

Life Inc.: How the World Became a Corporation and How to Take It Back by Douglas Rushkoff

addicted to oil, affirmative action, Amazon Mechanical Turk, anti-globalists, banks create money, big-box store, Bretton Woods, car-free, Charles Lindbergh, colonial exploitation, Community Supported Agriculture, complexity theory, computer age, corporate governance, credit crunch, currency manipulation / currency intervention, David Ricardo: comparative advantage, death of newspapers, don't be evil, Donald Trump, double entry bookkeeping, easy for humans, difficult for computers, financial innovation, Firefox, full employment, global village, Google Earth, greed is good, Howard Rheingold, income per capita, invention of the printing press, invisible hand, Jane Jacobs, John Nash: game theory, joint-stock company, Kevin Kelly, Kickstarter, laissez-faire capitalism, loss aversion, market bubble, market design, Marshall McLuhan, Milgram experiment, moral hazard, mutually assured destruction, Naomi Klein, negative equity, new economy, New Urbanism, Norbert Wiener, peak oil, peer-to-peer, place-making, placebo effect, Ponzi scheme, price mechanism, price stability, principal–agent problem, private military company, profit maximization, profit motive, race to the bottom, RAND corporation, rent-seeking, RFID, road to serfdom, Ronald Reagan, short selling, Silicon Valley, Simon Kuznets, social software, Steve Jobs, Telecommunications Act of 1996, telemarketer, The Wealth of Nations by Adam Smith, Thomas L Friedman, too big to fail, trade route, trickle-down economics, union organizing, urban decay, urban planning, urban renewal, Vannevar Bush, Victor Gruen, white flight, working poor, Works Progress Administration, Y2K, young professional, zero-sum game

As an independent publication run by the Bancroft family’s Dow Jones company since 1902, the Journal’s articles described only the process through which Time Warner’s “brands” would be updated, its divisions made more efficient, and its overpaid staff trimmed down. Within a few years, however, it was The Wall Street Journal fending off an unsolicited $5 billion offer from Rupert Murdoch. A pervasive feeling among investors that print publications were imperiled by the Internet had led to a decline in all newspaper stock prices—making the Journal an easy target, even though its website was one of the few profitable online newspaper ventures, earning far more than its print edition. All of a sudden the tables were turned. Editors who had long argued for free-market principles now saw the benefit in keeping a company small and independent—especially after it had gained over a hundred years of reputation and competency in its field.


pages: 788 words: 223,004

Merchants of Truth: The Business of News and the Fight for Facts by Jill Abramson

23andMe, 4chan, Affordable Care Act / Obamacare, Alexander Shulgin, Apple's 1984 Super Bowl advert, barriers to entry, Bernie Madoff, Bernie Sanders, Charles Lindbergh, Chelsea Manning, citizen journalism, cloud computing, commoditize, corporate governance, creative destruction, crowdsourcing, death of newspapers, digital twin, diversified portfolio, Donald Trump, East Village, Edward Snowden, Ferguson, Missouri, Filter Bubble, future of journalism, glass ceiling, Google Glasses, haute couture, hive mind, income inequality, information asymmetry, invisible hand, Jeff Bezos, Joseph Schumpeter, Khyber Pass, late capitalism, Marc Andreessen, Mark Zuckerberg, move fast and break things, move fast and break things, Nate Silver, new economy, obamacare, Occupy movement, performance metric, Peter Thiel, phenotype, pre–internet, race to the bottom, recommendation engine, Robert Mercer, Ronald Reagan, Saturday Night Live, self-driving car, sentiment analysis, Silicon Valley, Silicon Valley ideology, Silicon Valley startup, skunkworks, Snapchat, social intelligence, social web, Steve Jobs, Steven Levy, technoutopianism, telemarketer, the scientific method, The Wisdom of Crowds, Tim Cook: Apple, too big to fail, WikiLeaks

Meanwhile those who eagerly dove into the digital world grew tired of the hand-wringing over the plight of newspapers. Clay Shirky, a journalism professor at New York University, wrote an influential article called “Newspapers and Thinking the Unthinkable.” The unthinkable was the total disappearance of the printed product, but Shirky had a decidedly different point of view on that. He argued that as long as journalism itself survived, the eventual death of newspapers would not be a tragedy. He saw the birth of the internet as a profound and exciting revolution that, akin to Gutenberg’s introduction of the printing press in the 15th century, democratized the flow of information. He chastised newspaper publishers for refusing to see the futility of their old business model and urged them to innovate digitally instead of singing the same old song of “You’ll miss us when we’re gone.”


pages: 122 words: 38,022

pages: 380 words: 109,724

Don't Be Evil: How Big Tech Betrayed Its Founding Principles--And All of US by Rana Foroohar

"side hustle", accounting loophole / creative accounting, Airbnb, AltaVista, autonomous vehicles, banking crisis, barriers to entry, Bernie Madoff, Bernie Sanders, bitcoin, book scanning, Brewster Kahle, Burning Man, call centre, cashless society, cleantech, cloud computing, cognitive dissonance, Colonization of Mars, computer age, corporate governance, creative destruction, Credit Default Swap, cryptocurrency, data is the new oil, death of newspapers, Deng Xiaoping, disintermediation, don't be evil, Donald Trump, drone strike, Edward Snowden, Elon Musk, en.wikipedia.org, Erik Brynjolfsson, Etonian, Filter Bubble, future of work, game design, gig economy, global supply chain, Gordon Gekko, greed is good, income inequality, informal economy, information asymmetry, intangible asset, Internet Archive, Internet of things, invisible hand, Jaron Lanier, Jeff Bezos, job automation, job satisfaction, Kenneth Rogoff, life extension, light touch regulation, Lyft, Mark Zuckerberg, Marshall McLuhan, Martin Wolf, Menlo Park, move fast and break things, move fast and break things, Network effects, new economy, offshore financial centre, PageRank, patent troll, paypal mafia, Peter Thiel, pets.com, price discrimination, profit maximization, race to the bottom, recommendation engine, ride hailing / ride sharing, Robert Bork, Sand Hill Road, search engine result page, self-driving car, shareholder value, sharing economy, Shoshana Zuboff, Silicon Valley, Silicon Valley startup, smart cities, Snapchat, South China Sea, sovereign wealth fund, Steve Jobs, Steven Levy, subscription business, supply-chain management, TaskRabbit, Telecommunications Act of 1996, The Chicago School, the new new thing, Tim Cook: Apple, too big to fail, Travis Kalanick, trickle-down economics, Uber and Lyft, Uber for X, uber lyft, Upton Sinclair, WikiLeaks, zero-sum game

Viktor Mayer-Schönberger and Thomas Ramge, Reinventing Capitalism in the Age of Big Data (New York: Basic Books, 2018); Viktor Mayer-Schönberger and Kenneth Cukier, Big Data: A Revolution That Will Transform How We Live, Work, and Think (Boston: Houghton Mifflin Harcourt, 2013). 3. While I didn’t write about this episode myself at the time, there were a variety of articles published detailing various parts of the meeting, including Hannah Clark’s piece “The Google Guys In Davos” (Forbes, January 26, 2007), as well as one from the Financial Times’s Andrew Edgecliffe-Johnson, with whom I now work (“The Exaggerated Reports of the Death of the Newspaper,” Financial Times, March 30, 2007). 4. Sheila Dang, “Google, Facebook Have Tight Grip on Growing US Online Ad Market,” Reuters, June 5, 2019. 5. Keach Hagey, Lukas I. Alpert, and Yaryna Serkez, “In News Industry, a Stark Divide Between Haves and Have-Nots,” The Wall Street Journal, May 4, 2019. 6. Judge Richard Leon, memorandum opinion in United States of America v. AT&T Inc., U.S.


pages: 549 words: 116,200

With a Little Help by Cory Efram Doctorow, Jonathan Coulton, Russell Galen

autonomous vehicles, big-box store, Burning Man, call centre, carbon footprint, death of newspapers, don't be evil, game design, Google Earth, high net worth, lifelogging, margin call, Mark Shuttleworth, offshore financial centre, packet switching, Ponzi scheme, rolodex, Sand Hill Road, sensible shoes, skunkworks, Skype, traffic fines, traveling salesman, Turing test, urban planning, Y2K

The problem is, every now and then there's an unanticipated seismic shift in the world, something that changes everything and creates a corner we can't see around. The most recent of these was the potent combination of digital information and global connectivity that transformed the end of the 20th century. I like to call it "The Internet," and mark my words, it's going to be very big. The struggling record industry, the death of the newspaper, the rise of LOLCats - these are just warning shots. Everything is going to get swallowed up eventually, and it's all going to get loud and messy and complicated. Forget space travel, this is the future we need to imagine now, and quickly, before it overtakes us. 29 Luckily, we have Cory Doctorow; he thinks about the Internet, a lot. And so his stories are especially compelling because they are so relevant to our immediate future.


pages: 579 words: 160,351

Breaking News: The Remaking of Journalism and Why It Matters Now by Alan Rusbridger

accounting loophole / creative accounting, Airbnb, banking crisis, Bernie Sanders, Boris Johnson, centre right, Chelsea Manning, citizen journalism, cross-subsidies, crowdsourcing, David Attenborough, David Brooks, death of newspapers, Donald Trump, Doomsday Book, Double Irish / Dutch Sandwich, Downton Abbey, Edward Snowden, Etonian, Filter Bubble, forensic accounting, Frank Gehry, future of journalism, G4S, high net worth, invention of movable type, invention of the printing press, Jeff Bezos, jimmy wales, Julian Assange, Mark Zuckerberg, Menlo Park, natural language processing, New Journalism, offshore financial centre, oil shale / tar sands, open borders, packet switching, Panopticon Jeremy Bentham, pre–internet, ransomware, recommendation engine, Ruby on Rails, sexual politics, Silicon Valley, Skype, Snapchat, social web, Socratic dialogue, sovereign wealth fund, speech recognition, Steve Jobs, The Wisdom of Crowds, Tim Cook: Apple, traveling salesman, upwardly mobile, WikiLeaks

There would have to be less emphasis on ‘hard news’ and more on entertainment and syndicated features. An Enders chart showed newspaper circulations declining steadily through to 2028, by which time some of them were close to hitting the ground. Enders noted that newspapers had been on a frantic buying spree trying to snap up ready-made websites that could make up for the decline in print advertising. Regional newspapers alone had splashed out £400 million in 18 months trying to get new footholds in car, property or jobs advertising. But they were ambivalent about the new opportunities – simultaneously reluctant to let go of a world in which they could charge £5,000 a page in favour of the £400 equivalent online. In the US eBay had started in the classified advert business, publishing twice as many ads as 1,500 newspapers by 2001; five times as many by 2003 and 90 times as many three years later.


pages: 173 words: 52,725

pages: 440 words: 132,685

The Wizard of Menlo Park: How Thomas Alva Edison Invented the Modern World by Randall E. Stross

Albert Einstein, centralized clearinghouse, Charles Lindbergh, death of newspapers, distributed generation, East Village, Ford paid five dollars a day, I think there is a world market for maybe five computers, interchangeable parts, Isaac Newton, Livingstone, I presume, Marshall McLuhan, Menlo Park, plutocrats, Plutocrats, Saturday Night Live, side project, Silicon Valley, Steve Jobs, Steven Levy, urban renewal

He was the same medical authority who years before had said that clothing that pinched was literally a killer: “Pressure ANYWHERE means that a certain part of your body is deprived of its natural flood. And starvation and death begin where the body is pressed and choked.” The theories did not protect him from kidney failure. In August 1931, he collapsed in his living room and spent ten days near death, while a battalion of newspaper reporters turned Glenmont’s ten-car garage into a pressroom. He moved out of immediate danger, but his energy had disappeared and familiar routines were abandoned. By October, he was too weak to leave bed and remained “mentally drowsy,” according to his doctor; he passed in and out of a coma and hovered on the edge of death for two weeks. Newspapers issued multiple bulletins each day reporting the slightest sign of improvement or decline.


pages: 554 words: 149,489

The Content Trap: A Strategist's Guide to Digital Change by Bharat Anand

Airbnb, Benjamin Mako Hill, Bernie Sanders, Clayton Christensen, cloud computing, commoditize, correlation does not imply causation, creative destruction, crowdsourcing, death of newspapers, disruptive innovation, Donald Trump, Google Glasses, Google X / Alphabet X, information asymmetry, Internet of things, inventory management, Jean Tirole, Jeff Bezos, John Markoff, Just-in-time delivery, Khan Academy, Kickstarter, late fees, Mark Zuckerberg, market design, Minecraft, multi-sided market, Network effects, post-work, price discrimination, publish or perish, QR code, recommendation engine, ride hailing / ride sharing, selection bias, self-driving car, shareholder value, Shenzhen was a fishing village, Silicon Valley, Silicon Valley startup, Skype, social graph, social web, special economic zone, Stephen Hawking, Steve Jobs, Steven Levy, Thomas L Friedman, transaction costs, two-sided market, ubercab, WikiLeaks, winner-take-all economy, zero-sum game

Online news is mostly free. It is accessible anytime, anywhere. It is updated frequently. It can be personalized. It is interactive and searchable. It’s hard to think of another product where the digital version seems so vastly superior. Clearly, these factors are the reason for the havoc wreaked on the news industry. Except that they aren’t. The real story is different. Figure 2 shows the steady decline over time in U.S. newspaper readership by household. Figure 2: U.S. Newspaper Circulation per Household over Time. (Google’s chief economist, Hal Varian, constructed these data from Newspaper Association of America circulation figures for all U.S. newspapers.) The decline is sobering and perhaps unsurprising in light of the Internet. But now consider the same data again with dates filled in (Figure 3).

At first glance, fixed costs offer an explanation for why newspapers have suffered during the Internet era—but do they really? Although per-household readership declined during the 1950s, ’60s, and ’70s, overall population grew; then when population growth slowed beginning in the 1980s, so did aggregate newspaper readership. Even then, things weren’t so bad: Many newspapers increased their prices, offsetting the decline in readership. For the top twenty-five newspapers, prices increased by an average of 50 percent in real terms during the past two decades, causing circulation revenues to increase between 1994 and 2012, even as readership fell. So fixed costs aren’t the culprit; it must be something else. That brings us to a subtler but far more important problem, one that has to do with connections, not content or cost structure. It relates to how newspapers structure advertising.


The Great Turning: From Empire to Earth Community by David C. Korten

Albert Einstein, banks create money, big-box store, Bretton Woods, British Empire, business cycle, clean water, colonial rule, Community Supported Agriculture, death of newspapers, declining real wages, different worldview, European colonialism, Francisco Pizarro, full employment, George Gilder, global supply chain, global village, God and Mammon, Hernando de Soto, Howard Zinn, informal economy, Intergovernmental Panel on Climate Change (IPCC), invisible hand, joint-stock company, land reform, market bubble, market fundamentalism, Monroe Doctrine, Naomi Klein, neoliberal agenda, new economy, peak oil, planetary scale, plutocrats, Plutocrats, Project for a New American Century, Ronald Reagan, Rosa Parks, sexual politics, shared worldview, social intelligence, source of truth, South Sea Bubble, stem cell, structural adjustment programs, The Chicago School, trade route, Washington Consensus, wealth creators, World Values Survey

Empire mobilized to strike back. Television was transforming how people used their time and related to the world. Beginning about 1960, passive forms of participation in public life began displacing more active forms. People were patronizing Wake-Up Call 219 fast-food outlets, professional sporting events, and gambling casinos with greater frequency. There were corresponding declines in voter participation, newspaper readership, Parent Teacher Association membership, union membership, frequency of family meals, philanthropic giving, and perceptions of honesty and morality.3 Relationships among people were not so much changing as simply eroding. People were feeling increasingly vulnerable and disconnected. There was a troubling sense in the air, particularly among self-identified conservatives, that the moral and social foundations of society were disintegrating.


pages: 742 words: 137,937

The Future of the Professions: How Technology Will Transform the Work of Human Experts by Richard Susskind, Daniel Susskind

23andMe, 3D printing, additive manufacturing, AI winter, Albert Einstein, Amazon Mechanical Turk, Amazon Web Services, Andrew Keen, Atul Gawande, Automated Insights, autonomous vehicles, Big bang: deregulation of the City of London, big data - Walmart - Pop Tarts, Bill Joy: nanobots, business process, business process outsourcing, Cass Sunstein, Checklist Manifesto, Clapham omnibus, Clayton Christensen, clean water, cloud computing, commoditize, computer age, Computer Numeric Control, computer vision, conceptual framework, corporate governance, creative destruction, crowdsourcing, Daniel Kahneman / Amos Tversky, death of newspapers, disintermediation, Douglas Hofstadter, en.wikipedia.org, Erik Brynjolfsson, Filter Bubble, full employment, future of work, Google Glasses, Google X / Alphabet X, Hacker Ethic, industrial robot, informal economy, information retrieval, interchangeable parts, Internet of things, Isaac Newton, James Hargreaves, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph Schumpeter, Khan Academy, knowledge economy, lifelogging, lump of labour, Marshall McLuhan, Metcalfe’s law, Narrative Science, natural language processing, Network effects, optical character recognition, Paul Samuelson, personalized medicine, pre–internet, Ray Kurzweil, Richard Feynman, Second Machine Age, self-driving car, semantic web, Shoshana Zuboff, Skype, social web, speech recognition, spinning jenny, strong AI, supply-chain management, telepresence, The Future of Employment, the market place, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, transaction costs, Turing test, Watson beat the top human players on Jeopardy!, WikiLeaks, young professional

Total workforce data from American Society of News Editors <http://asne.org/> (accessed 7 March 2015). 176 ‘The Late Edition’, Economist, 26 Apr. 2014. 177 George Brock, Out of Print: Newspapers, Journalism, and the Business of News in the Digital Age (2013), 149. 178 ‘Internet Overtakes Newspapers as News Outlet’, Pew Research Center, 23 Dec. 2008 <http://www.people-press.org> (accessed 7 March 2015). 179 Andrea Caumot, ‘12 trends shaping digital news’, Pew Research Center, 16 Oct. 2013 <http://www.pewresearch.org> (accessed 7 March 2015). 180 ‘Internet Access—Households and Individuals 2014’, Office for National Statistics, 7 Aug. 2014 <http://www.ons.gov.uk/ons/index.html> (accessed 7 March 2015). 181 ‘The Internet Economy on the Rise: Progress since the Seoul Declaration’, OECD, Sept. 2013. 182 ‘Digital News Report 2014’, Reuters Institute for the Study of Journalism <http://www.digitalnewsreport.org> (accessed 7 March 2015). 183 Eric Alterman, ‘Out of Print: The Death and Life of the American Newspaper’, New Yorker, 31 Mar. 2008. 184 ‘The Late Edition’, Economist, 26 Apr. 2014. 185 ‘Amid Criticism, Support for Media’s “Watchdog” Role Stands Out’, Pew Research Center, 8 Aug. 2013 <http://www.pewresearch.org > (accessed 7 March 2015). 186 Clay Shirky, ‘Last Call: The End of the Printed Newspaper’, Medium, 19 Aug. 2015 <https://medium.com> (accessed 7 March 2015). 187 The Evening Standard in London, for example, was making annual losses of £30 million before 2009.

.), Prospects for the Professions in China (Abingdon: Routledge, 2011). Allen, Woody, ‘Mechanical Objects’, Standup Comic, 1964–1968, transcript at <http://www.ibras.dk/comedy/allen.htm#Mechs> (accessed 23 March 2015). Alloway, Tracy, and Arash Massoudi, ‘Goldman Sachs leads $15m financing of data service for investors’, Financial Times, 23 Nov. 2014 <http://www.ft.com> (accessed 8 March 2015). Alterman, Eric, ‘Out of Print: The Death and Life of the American Newspaper’, New Yorker, 31 Mar. 2008. Andersen, Erika, ‘Why Writing a Book is Good Business’, Forbes, 12 Oct. 2012 <http://www.forbes.com> (accessed 8 March 2015). Andersen, Michael, ‘Four crowdsourcing lessons from the Guardian’s (spectacular) expenses-scandal experiment’, NiemanLab, 23 June 2009 <http://www.niemanlab.org> (accessed 8 March 2015). Anderson, Chris, Makers: The New Industrial Revolution (London: Random House, 2012).


pages: 475 words: 134,707

pages: 181 words: 50,196

The Rich and the Rest of Us by Tavis Smiley

affirmative action, Affordable Care Act / Obamacare, back-to-the-land, Bernie Madoff, Bernie Sanders, Buckminster Fuller, Corrections Corporation of America, Credit Default Swap, death of newspapers, deindustrialization, ending welfare as we know it, F. W. de Klerk, fixed income, full employment, housing crisis, Howard Zinn, income inequality, job automation, liberation theology, Mahatma Gandhi, mass incarceration, mega-rich, Nelson Mandela, new economy, obamacare, Occupy movement, plutocrats, Plutocrats, profit motive, Ralph Waldo Emerson, Ronald Reagan, shareholder value, Silicon Valley, Steve Jobs, traffic fines, trickle-down economics, War on Poverty, We are the 99%, white flight, women in the workforce, working poor

American settlement houses—private nonprofit agencies—were primarily established in poor immigrant neighborhoods and were modeled after Toynbee Hall in London, England. Inspired by religious convictions and a sense of moral obligation, the agencies were much more than institutions for the destitute. Settlement house leaders became vocal and visible advocates for social-welfare reform, arguing that poverty was not necessarily a character flaw but rather a state of being agitated by multiple factors—slave wages, disease, and the death of a spouse. Advocates challenged newspapers’ attacks on the poor and took on Industrial Age barons accused of exploiting women and children in sweat shops, factories, and mines. In a sense, settlements houses were early America’s think tanks, where recruiting, training, researching, and policy-setting were incorporated into everyday activities. By 1910, about 400 settlement houses were operating in the United States.



pages: 238 words: 73,824

pages: 1,136 words: 73,489

pages: 299 words: 91,839

What Would Google Do? by Jeff Jarvis

23andMe, Amazon Mechanical Turk, Amazon Web Services, Anne Wojcicki, barriers to entry, Berlin Wall, business process, call centre, cashless society, citizen journalism, clean water, commoditize, connected car, credit crunch, crowdsourcing, death of newspapers, different worldview, disintermediation, diversified portfolio, don't be evil, fear of failure, Firefox, future of journalism, G4S, Google Earth, Googley, Howard Rheingold, informal economy, inventory management, Jeff Bezos, jimmy wales, Kevin Kelly, Mark Zuckerberg, moral hazard, Network effects, new economy, Nicholas Carr, old-boy network, PageRank, peer-to-peer lending, post scarcity, prediction markets, pre–internet, Ronald Coase, search inside the book, Silicon Valley, Skype, social graph, social software, social web, spectrum auction, speech recognition, Steve Jobs, the medium is the message, The Nature of the Firm, the payments system, The Wisdom of Crowds, transaction costs, web of trust, WikiLeaks, Y Combinator, Zipcar

The attention given to and thus the value of this new wave of choice will grow. There are new opportunities in enabling, organizing, and monetizing this abundance. The blockbuster strategy always was a gamble; as it continues, it is a bigger gamble than ever. The mass market’s hold over the economy diminishes. The mass market was a short-lived phenomenon. It began with the large-scale adoption of television in the mid-1950s—and the consequent death of second and third newspapers in most American cities, yielding one-size-fits-all mass products in both broadcast and print. It was in the mid-1980s, in the age of the remote control, that I became the TV critic at People magazine, the last great mass magazine launched in America. In its first decade, the magazine was pretty much a piece of cake to run: Put a star in a big show on the cover and watch it sell.


pages: 265 words: 71,143

pages: 218 words: 67,930

Me! Me! Me! by Daniel Ruiz Tizon

Bob Geldof, death of newspapers, housing crisis, Live Aid, Stephen Hawking, young professional

For a couple of years, I did wonder whether I’d be morally obliged to attend my ex's funeral if anything happened to her. With her dad being a large, powerfully built man whose knuckles alone were almost equal in size to my hands, this was a rather unnerving thought. I’d lay awake at night visualising him slapping me around like a rag doll at the service as he screamed at me to look at the open topped casket. I became paranoid, poring over the Births, Deaths and Marriages sections of local newspapers on a weekly basis for any news, barging my way through the crowds at any road accident to make sure the stricken pedestrian wasn't my ex. Relationship experts say that last year alone saw the highest number of break ups in 12 years, with a staggering 27% of those coming via, yes, you guessed it, text. This shocking trend was, we’re told, pioneered by a 34-year-old man from the County Durham area, who dumped his girlfriend via text in March 2002, some 18 months after my seminal SMS.


pages: 224 words: 64,156

pages: 379 words: 99,340

The Revolt of the Public and the Crisis of Authority in the New Millennium by Martin Gurri

Affordable Care Act / Obamacare, Albert Einstein, anti-communist, Arthur Eddington, Ayatollah Khomeini, bitcoin, Black Swan, Burning Man, business cycle, citizen journalism, Climategate, Climatic Research Unit, collective bargaining, creative destruction, crowdsourcing, currency manipulation / currency intervention, dark matter, David Graeber, death of newspapers, en.wikipedia.org, Erik Brynjolfsson, facts on the ground, Francis Fukuyama: the end of history, Frederick Winslow Taylor, full employment, housing crisis, income inequality, Intergovernmental Panel on Climate Change (IPCC), invention of writing, job-hopping, Mohammed Bouazizi, Nate Silver, Occupy movement, Port of Oakland, Republic of Letters, Ronald Reagan, Skype, Steve Jobs, the scientific method, The Signal and the Noise by Nate Silver, too big to fail, traveling salesman, University of East Anglia, urban renewal, War on Poverty, We are the 99%, WikiLeaks, young professional

The Revolt of the Public And The Crisis of Authority in the New Millennium By Martin Gurri Text Copyright © 2014 Martin Gurri All Rights Reserved Table of Contents Chapter 1 Prelude to a Turbulent Age Chapter 2 Hoder and Wael Ghonim Chapter 3 My Thesis Chapter 4 What the Public Is Not Chapter 5 Phase Change 2011 Chapter 6 A Crisis of Authority Chapter 7 The Failure of Government Chapter 8 Nihilism and Democracy Chapter 9 Choices and Systems Chapter 10 Finale for Skeptics Bibliography About the Author Chapter 1 Prelude to a Turbulent Age Can there be a connection between online universities and the serial insurgencies which, in media noise and human blood, have rocked the Arab Middle East? I contend that there is. And the list of unlikely connections can easily be expanded. It includes the ever faster churning of companies in and out of the S&P 500, the death of news and the newspaper, the failure of established political parties, the imperial advance across the globe by Facebook and Google, and the near-universal spread of the mobile phone. Should anyone care about this tangle of bizarre connections? Only if you care how you are governed: the story I am about to tell concerns above all a crisis of that monstrous messianic machine, the modern government. And only if you care about democracy: because a crisis of government in liberal democracies like the United States can’t help but implicate the system.


pages: 205 words: 18,208

pages: 268 words: 75,850

pages: 270 words: 79,992

The End of Big: How the Internet Makes David the New Goliath by Nicco Mele

4chan, A Declaration of the Independence of Cyberspace, Airbnb, Amazon Web Services, Any sufficiently advanced technology is indistinguishable from magic, Apple's 1984 Super Bowl advert, barriers to entry, Berlin Wall, big-box store, bitcoin, business climate, call centre, Cass Sunstein, centralized clearinghouse, Chelsea Manning, citizen journalism, cloud computing, collaborative consumption, collaborative editing, commoditize, creative destruction, crony capitalism, cross-subsidies, crowdsourcing, David Brooks, death of newspapers, disruptive innovation, Donald Trump, Douglas Engelbart, Douglas Engelbart, en.wikipedia.org, Exxon Valdez, Fall of the Berlin Wall, Filter Bubble, Firefox, global supply chain, Google Chrome, Gordon Gekko, Hacker Ethic, Jaron Lanier, Jeff Bezos, jimmy wales, John Markoff, Julian Assange, Kevin Kelly, Khan Academy, Kickstarter, Lean Startup, Mark Zuckerberg, minimum viable product, Mitch Kapor, Mohammed Bouazizi, Mother of all demos, Narrative Science, new economy, Occupy movement, old-boy network, peer-to-peer, period drama, Peter Thiel, pirate software, publication bias, Robert Metcalfe, Ronald Reagan, Ronald Reagan: Tear down this wall, sharing economy, Silicon Valley, Skype, social web, Steve Jobs, Steve Wozniak, Stewart Brand, Stuxnet, Ted Nelson, Telecommunications Act of 1996, telemarketer, The Wisdom of Crowds, transaction costs, uranium enrichment, Whole Earth Catalog, WikiLeaks, Zipcar

In each of these previous events, professional journalists working in the mainstream media played a crucial and even iconic role in delivering and distributing the news to a mass audience. In the case of President Kennedy’s assassination, Walter Cronkite’s broadcasts on CBS News came to stand as a shared cultural experience for millions of Americans. Who was not moved watching the great journalist choke up while announcing the president’s death? The names of two respected newspaper journalists—Bob Woodward and Carl Bernstein—likewise became indelibly linked to the Watergate scandal. Network television footage of crowds at the Berlin Wall in the darkness of November 9, 1989, provided unforgettable, collective images of the end of the Cold War, echoing President Reagan’s powerful rhetoric a few years earlier: “Mr. Gorbachev, tear down this wall!” And burned into the consciousness of many Americans following September 11, 2001, is the television footage of the airplanes plunging into the Twin Towers, not to mention the figure of Mayor Rudy Giuliani, standing at the podium answering questions at press conference after press conference with a mixture of calm, grief, and determination.


pages: 279 words: 87,910

pages: 378 words: 94,468

pages: 278 words: 93,540

pages: 467 words: 116,094

pages: 476 words: 134,735

pages: 327 words: 103,336

Everything Is Obvious: *Once You Know the Answer by Duncan J. Watts

active measures, affirmative action, Albert Einstein, Amazon Mechanical Turk, Black Swan, business cycle, butterfly effect, Carmen Reinhart, Cass Sunstein, clockwork universe, cognitive dissonance, coherent worldview, collapse of Lehman Brothers, complexity theory, correlation does not imply causation, crowdsourcing, death of newspapers, discovery of DNA, East Village, easy for humans, difficult for computers, edge city, en.wikipedia.org, Erik Brynjolfsson, framing effect, Geoffrey West, Santa Fe Institute, George Santayana, happiness index / gross national happiness, high batting average, hindsight bias, illegal immigration, industrial cluster, interest rate swap, invention of the printing press, invention of the telescope, invisible hand, Isaac Newton, Jane Jacobs, Jeff Bezos, Joseph Schumpeter, Kenneth Rogoff, lake wobegon effect, Laplace demon, Long Term Capital Management, loss aversion, medical malpractice, meta analysis, meta-analysis, Milgram experiment, natural language processing, Netflix Prize, Network effects, oil shock, packet switching, pattern recognition, performance metric, phenotype, Pierre-Simon Laplace, planetary scale, prediction markets, pre–internet, RAND corporation, random walk, RFID, school choice, Silicon Valley, social intelligence, statistical model, Steve Ballmer, Steve Jobs, Steve Wozniak, supply-chain management, The Death and Life of Great American Cities, the scientific method, The Wisdom of Crowds, too big to fail, Toyota Production System, ultimatum game, urban planning, Vincenzo Peruggia: Mona Lisa, Watson beat the top human players on Jeopardy!, X Prize

Paper read at 2005 IEEE/WIC/ACM International Conference on Web Intelligence, Sept. 19–22, at Compiègne University of Technology, France. Adler, Moshe. 1985. “Stardom and Talent.” American Economic Review 75 (1):208–12. Alicke, Mark D., and Olesya Govorun. 2005. “The Better-Than-Average Effect.” In The Self in Social Judgment, ed. M. D. Alicke, D. A. Dunning, and J. I. Krueger. 85–106. Alterman, Eric. 2008. “Out of Print: The Death and Life of the American Newspaper.” The New Yorker, March 31. Anderson, Philip W. 1972. “More Is Different.” Science 177 (4047):393–96. Andreozzi, Luciano. 2004. “A Note on Paradoxes in Economics.” Kyklos 57 (1):3–20. Aral, Sinan, Lev Muchnik, and Arun Sundararajan. 2009. “Distinguishing Influence-Based Contagion from Homophily-Driven Diffusion in Dynamic Networks.” Proceedings of the National Academy of Sciences 106 (51):21544–21549.


pages: 281 words: 95,852

The Googlization of Everything: by Siva Vaidhyanathan

1960s counterculture, activist fund / activist shareholder / activist investor, AltaVista, barriers to entry, Berlin Wall, borderless world, Burning Man, Cass Sunstein, choice architecture, cloud computing, computer age, corporate social responsibility, correlation does not imply causation, creative destruction, data acquisition, death of newspapers, don't be evil, Firefox, Francis Fukuyama: the end of history, full text search, global pandemic, global village, Google Earth, Howard Rheingold, informal economy, information retrieval, John Markoff, Joseph Schumpeter, Kevin Kelly, knowledge worker, libertarian paternalism, market fundamentalism, Marshall McLuhan, means of production, Mikhail Gorbachev, moral panic, Naomi Klein, Network effects, new economy, Nicholas Carr, PageRank, Panopticon Jeremy Bentham, pirate software, Ray Kurzweil, Richard Thaler, Ronald Reagan, side project, Silicon Valley, Silicon Valley ideology, single-payer health, Skype, Social Responsibility of Business Is to Increase Its Profits, social web, Steven Levy, Stewart Brand, technoutopianism, The Nature of the Firm, The Structural Transformation of the Public Sphere, Thorstein Veblen, urban decay, web application, zero-sum game

But its mastery at optimizing its pages for Google Web Search has made it a frequent user destination for news and much more effective than many of the sources that it aggregates. 43. Todd Gitlin, “Journalism’s Many Crises,” OpenDemocracy, May 20, 2009, www.opendemocracy.net; Leonard Downie and Michael Schudson, “The Reconstruction of American Journalism,” Columbia Journalism Review, December 2009, 28–51; John Nichols, “The Death and Life of Great American Newspapers,” Nation, April 6, 2009, 11; Zachary M. Seward, “How the Associated Press Will Try to Rival Wikipedia in Search Results,” Nieman Journalism Lab, August 13, 2009; Zachary M. Seward, “Google CEO Eric Schmidt Envisions the News Consumer of the Future,” Nieman Journalism Lab, November 4, 2009. 44. James Fallows, “How to Save the News,” Atlantic, June 2010. 45. Miguel Helft, “Google Calls Viacom Suit on YouTube Unfounded,” New York Times, May 1, 2007; Hof, “Maybe Google Isn’t Losing Big Bucks.” 46.


pages: 559 words: 155,372

pages: 465 words: 109,653

pages: 879 words: 233,093

pages: 476 words: 125,219

Digital Disconnect: How Capitalism Is Turning the Internet Against Democracy by Robert W. McChesney

2013 Report for America's Infrastructure - American Society of Civil Engineers - 19 March 2013, access to a mobile phone, Albert Einstein, American Legislative Exchange Council, American Society of Civil Engineers: Report Card, Automated Insights, barriers to entry, Berlin Wall, business cycle, Cass Sunstein, citizen journalism, cloud computing, collaborative consumption, collective bargaining, creative destruction, crony capitalism, David Brooks, death of newspapers, declining real wages, Double Irish / Dutch Sandwich, Erik Brynjolfsson, failed state, Filter Bubble, full employment, future of journalism, George Gilder, Gini coefficient, Google Earth, income inequality, informal economy, intangible asset, invention of agriculture, invisible hand, Jaron Lanier, Jeff Bezos, jimmy wales, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, Julian Assange, Kickstarter, Mark Zuckerberg, Marshall McLuhan, means of production, Metcalfe’s law, mutually assured destruction, national security letter, Nelson Mandela, Network effects, new economy, New Journalism, Nicholas Carr, Occupy movement, offshore financial centre, patent troll, Peter Thiel, plutocrats, Plutocrats, post scarcity, price mechanism, profit maximization, profit motive, QWERTY keyboard, Ralph Nader, Richard Stallman, road to serfdom, Robert Metcalfe, Saturday Night Live, sentiment analysis, Silicon Valley, single-payer health, Skype, spectrum auction, Steve Jobs, Steve Wozniak, Steven Levy, Steven Pinker, Stewart Brand, Telecommunications Act of 1996, the medium is the message, The Spirit Level, The Structural Transformation of the Public Sphere, The Wealth of Nations by Adam Smith, Thorstein Veblen, too big to fail, transfer pricing, Upton Sinclair, WikiLeaks, winner-take-all economy, yellow journalism


pages: 552 words: 168,518

MacroWikinomics: Rebooting Business and the World by Don Tapscott, Anthony D. Williams

accounting loophole / creative accounting, airport security, Andrew Keen, augmented reality, Ayatollah Khomeini, barriers to entry, Ben Horowitz, bioinformatics, Bretton Woods, business climate, business process, buy and hold, car-free, carbon footprint, Charles Lindbergh, citizen journalism, Clayton Christensen, clean water, Climategate, Climatic Research Unit, cloud computing, collaborative editing, collapse of Lehman Brothers, collateralized debt obligation, colonial rule, commoditize, corporate governance, corporate social responsibility, creative destruction, crowdsourcing, death of newspapers, demographic transition, disruptive innovation, distributed generation, don't be evil, en.wikipedia.org, energy security, energy transition, Exxon Valdez, failed state, fault tolerance, financial innovation, Galaxy Zoo, game design, global village, Google Earth, Hans Rosling, hive mind, Home mortgage interest deduction, information asymmetry, interchangeable parts, Internet of things, invention of movable type, Isaac Newton, James Watt: steam engine, Jaron Lanier, jimmy wales, Joseph Schumpeter, Julian Assange, Kevin Kelly, Kickstarter, knowledge economy, knowledge worker, Marc Andreessen, Marshall McLuhan, mass immigration, medical bankruptcy, megacity, mortgage tax deduction, Netflix Prize, new economy, Nicholas Carr, oil shock, old-boy network, online collectivism, open borders, open economy, pattern recognition, peer-to-peer lending, personalized medicine, Ray Kurzweil, RFID, ride hailing / ride sharing, Ronald Reagan, Rubik’s Cube, scientific mainstream, shareholder value, Silicon Valley, Skype, smart grid, smart meter, social graph, social web, software patent, Steve Jobs, text mining, the scientific method, The Wisdom of Crowds, transaction costs, transfer pricing, University of East Anglia, urban sprawl, value at risk, WikiLeaks, X Prize, young professional, Zipcar

Dave deBronkart, “What e-Patients Want from Doctors, Hospitals and Health Plans,” Presentation at ICSI/IHI (May 2010). Chapter 11 1. Amanda Ernst, “Huffington Post’s Traffic More Than Doubles Year Over Year,” mediabistro (January 19, 2010). 2. Huffington Post Company Profile, CrunchBase (April 28, 2010). 3. Erick Schonfeld, “The Huffington Post Starts to Give Out Badges to Readers,” TechCrunch (April 29, 2010). 4. Jonah Peretti as reported in “The Death and Life of the American Newspaper,” The New Yorker (March 23, 2008). 5. Andrew Lipsman, “Huffington Post Defies Expectations, Reaches New Heights Post-Election,” Comscore (June 4, 2009). 6. Sam Stein, “Bailed-Out Firms Distributing Cash Rewards: ‘Please Do Not Call It A Bonus,’” The Huffington Post (February 11, 2009). 7. Jeff Jarvis, “Arianna Huffington is saving journalism,” The Guardian (April 6, 2009). 8.


pages: 739 words: 165,366

Overlord: D-Day and the Battle for Normandy 1944 by Max Hastings

British Empire, death of newspapers


Manias, Panics and Crashes: A History of Financial Crises, Sixth Edition by Kindleberger, Charles P., Robert Z., Aliber

active measures, Asian financial crisis, asset-backed security, bank run, banking crisis, Basel III, Bernie Madoff, Black Swan, Bonfire of the Vanities, break the buck, Bretton Woods, British Empire, business cycle, buy and hold, Carmen Reinhart, central bank independence, cognitive dissonance, collapse of Lehman Brothers, collateralized debt obligation, Corn Laws, corporate governance, corporate raider, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, currency peg, death of newspapers, debt deflation, Deng Xiaoping, disintermediation, diversification, diversified portfolio, edge city, financial deregulation, financial innovation, Financial Instability Hypothesis, financial repression, fixed income, floating exchange rates, George Akerlof, German hyperinflation, Honoré de Balzac, Hyman Minsky, index fund, inflation targeting, information asymmetry, invisible hand, Isaac Newton, joint-stock company, large denomination, law of one price, liquidity trap, London Interbank Offered Rate, Long Term Capital Management, margin call, market bubble, money market fund, money: store of value / unit of account / medium of exchange, moral hazard, new economy, Nick Leeson, Northern Rock, offshore financial centre, Ponzi scheme, price stability, railway mania, Richard Thaler, riskless arbitrage, Robert Shiller, Robert Shiller, short selling, Silicon Valley, South Sea Bubble, special drawing rights, telemarketer, The Chicago School, the market place, The Myth of the Rational Market, The Wealth of Nations by Adam Smith, too big to fail, transaction costs, tulip mania, very high income, Washington Consensus, Y2K, Yogi Berra, Yom Kippur War


pages: 641 words: 182,927

Global Catastrophic Risks by Nick Bostrom, Milan M. Cirkovic

affirmative action, agricultural Revolution, Albert Einstein, American Society of Civil Engineers: Report Card, anthropic principle, artificial general intelligence, Asilomar, availability heuristic, Bill Joy: nanobots, Black Swan, carbon-based life, cognitive bias, complexity theory, computer age, coronavirus, corporate governance, cosmic microwave background, cosmological constant, cosmological principle, cuban missile crisis, dark matter, death of newspapers, demographic transition, Deng Xiaoping, distributed generation, Doomsday Clock, Drosophila, endogenous growth, Ernest Rutherford, failed state, feminist movement, framing effect, friendly AI, Georg Cantor, global pandemic, global village, Gödel, Escher, Bach, hindsight bias, Intergovernmental Panel on Climate Change (IPCC), invention of agriculture, Kevin Kelly, Kuiper Belt, Law of Accelerating Returns, life extension, means of production, meta analysis, meta-analysis, Mikhail Gorbachev, millennium bug, mutually assured destruction, nuclear winter, P = NP, peak oil, phenotype, planetary scale, Ponzi scheme, prediction markets, RAND corporation, Ray Kurzweil, reversible computing, Richard Feynman, Ronald Reagan, scientific worldview, Singularitarianism, social intelligence, South China Sea, strong AI, superintelligent machines, supervolcano, technological singularity, technoutopianism, The Coming Technological Singularity, Tunguska event, twin studies, uranium enrichment, Vernor Vinge, War on Poverty, Westphalian system, Y2K


pages: 913 words: 299,770

pages: 848 words: 240,351

The Great Bridge: The Epic Story of the Building of the Brooklyn Bridge by David McCullough

death of newspapers, Isaac Newton, Menlo Park, Tacoma Narrows Bridge, transcontinental railway


pages: 915 words: 232,883

pages: 1,106 words: 335,322

Titan: The Life of John D. Rockefeller, Sr. by Ron Chernow

business cycle, California gold rush, collective bargaining, death of newspapers, delayed gratification, double entry bookkeeping, endowment effect, family office, financial independence, Frederick Winslow Taylor, George Santayana, God and Mammon, income inequality, invisible hand, Joseph Schumpeter, Louis Pasteur, Mahatma Gandhi, Menlo Park, New Journalism, oil rush, oil shale / tar sands, passive investing, plutocrats, Plutocrats, price discrimination, profit motive, Ralph Waldo Emerson, refrigerator car, The Chicago School, Thorstein Veblen, transcontinental railway, traveling salesman, union organizing, Upton Sinclair, white picket fence, yellow journalism

Another embittered foe was George Rice, a Vermont native and independent refiner from Marietta, Ohio. A vigorous man with a bulldog face, Rice thrived on crossing swords with the oil trust. More than anyone else, Rice was driven mad by Standard Oil’s unjust methods and became a professional Rockefeller hater. He instigated many legislative probes of Standard Oil and in 1881 published a pamphlet entitled Black Death, an anthology of scathing newspaper exposés. For Rockefeller, Rice was nothing but a blackmailer. “He liked to harass, embarrass, annoy the Standard Oil interests with a view of enabling him to sell his quite unimportant refinery interest. . . . This is the whole story of George Rice.”69 In fairness to Rockefeller, Rice tried repeatedly to extort money from him, asking an outrageous $250,000 for a refinery Rockefeller valued at only $25,000.


Reaganland: America's Right Turn 1976-1980 by Rick Perlstein

"Robert Solow", 8-hour work day, affirmative action, airline deregulation, Alistair Cooke, American Legislative Exchange Council, anti-communist, Ayatollah Khomeini, Berlin Wall, Bernie Sanders, Brewster Kahle, business climate, clean water, collective bargaining, colonial rule, COVID-19, Covid-19, creative destruction, crowdsourcing, cuban missile crisis, currency peg, death of newspapers, defense in depth, Deng Xiaoping, desegregation, Donald Trump, energy security, equal pay for equal work, facts on the ground, feminist movement, financial deregulation, full employment, global village, Golden Gate Park, illegal immigration, In Cold Blood by Truman Capote, index card, indoor plumbing, Internet Archive, invisible hand, Julian Assange, Kitchen Debate, kremlinology, land reform, Marshall McLuhan, mass immigration, MITM: man-in-the-middle, Monroe Doctrine, moral panic, mutually assured destruction, New Journalism, oil shock, open borders, Potemkin village, price stability, Ralph Nader, RAND corporation, rent control, road to serfdom, Robert Bork, rolodex, Ronald Reagan, Rosa Parks, Saturday Night Live, Silicon Valley, traveling salesman, unemployed young men, union organizing, unpaid internship, Unsafe at Any Speed, Upton Sinclair, upwardly mobile, urban decay, urban planning, urban renewal, wages for housework, walking around money, War on Poverty, white flight, WikiLeaks, Winter of Discontent, yellow journalism, Yom Kippur War, zero-sum game