Thursday, May 07, 2009

Arianna Huffington huffs New Media to Congress' Face

"But what won't work — what can't work — is to act like the last 15 years never happened, that we are still operating in the old content economy as opposed to the new link economy, and that the survival of the industry will be found by 'protecting' content behind walled gardens," she told the subcommittee. "No, the future is to be found elsewhere. It is a linked economy. It is search engines. It is online advertising. It is citizen journalism and foundation-supported investigative funds . . . . And if you can't find your way to that, then you can't find your way."

SHOOT: There has been a fundamental shift in everything - banking, energy, politics and media. But we've been trying to resist these changes. In the New Deal there will have to be 1 of each thing. Choices will have to be made. You won't have a landline and cellphone, a stove and a microwave, a big car and a small car. We'll have to choose one and stick to it.
clipped from news.yahoo.com


Coll and Moroney questioned whether Internet sites could cover expensive news-gathering events such as wars and disasters over the long haul. Typically today, they do little original reporting and instead "link" to content produced by traditional news organizations, which they do not pay for using their content.


"Even the most optimistic practitioners of the new journalistic models tend to accept that a world in which Web-based publishers or aggregators could afford, for example, to simultaneously fund and operate professional journalism bureaus in Baghdad , Kabul , Islamabad , Europe and Asia is simply not foreseeable at present," Coll said.


Arianna Huffington , the co-founder and editor-in-chief of the Huffington Post , a liberal Web site, told the subcommittee that the newspaper industry has to shed the old paradigm and embrace the new Web world.

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