New-Media Minds Confront the Future
By Michiyo Yamada
MJ 00
More than 200 of the regions top new-media
entrepreneurs and enthusiasts gathered at the Graduate School of Journalisms
second annual new media conference. During the day-long event on March
10, the diverse group tackled tough issues ranging from ethics to the
future of the Internet.
The conference, Online Journalism: From the Medium to the Message,
drew key players and thinkers from the Silicon Valley, San Franciscos
Multimedia Gulch, to the Pacific Northwests Silicon Forest and the
East Coasts Silicon Alley. Panelists included executives from Dow
Jones & Co., Sun Microsystems, Salon, Wired News, CNET News.com, Xerox
PARC, Talk City, Women.Com, Yahoo! and the deans of UC Berkeleys
Haas School of Business, School of Information Management and Systems
and the University of Southern Californias Annenberg School of Communication.
The participants struggled over how to deal with the still-murky division
between advertisements and editorial content on the World Wide Web. They
explored the many visions of the future of new media. And they discussed
who will rule that new world.
Its not going to be like the 1950s when a handful of networks
dominated everything, said Chris Jennewein, vice president of technology
and operations at San Joses Knight Ridder New Media Co., referring
to the vigorous competition among online publications.
Many panelists agreed that Internet users click and go
habits spur journalists and media corporations to gather, deliver and
sell information quite differently than they used to.
Were asking people to pay for downloading PowerPoint slides
of information that weve created ... you couldnt do that with
a newspaper, said John Battelle, president of The Industry Standard,
a weekly online magazine covering the Internet economy. The whole
industry is really moving to the point where you can start to charge very
high prices to get the right message in front of readers who have given
you information in lieu of paying you money.
Some publications such as The Wall Street Journal, Nikkei and TheStreet.com
have been successful in attracting subscribers who are willing to pay
for online content.
The facts, the data credible, authoritative information
I think thats going to have value, said Hal Varian, dean of
UC Berkeleys School of Information Management and Systems and co-author
of Information Rules. He said the new-media industry can construct
a business model around providing valuable information that has an established
brand name.
Panelists also wrestled with the frequent problems and conflicts of interest
that surface when new-media professionals own a stake in the editorial
products they generate. Most start-ups give their top executives
and often their entire staff stock options in new-media ventures
as part of their compensation packages.
In new media, we are both owners and creators, said David
Weir, managing editor of Salon magazine. Its an equity culture.
I am optimistic that doesnt have to be contradictory.
Some panelists such as CNET News.coms Jai Singh suggested that the
journalism industry establish hiring guidelines for online publications.
Publications created by non-media organizations such as Microsoft can
improve under such guidelines, he said. Singh expressed concern about
the ethics of mixing editorial content with product news and advertising.
What happens to a site when they have no people with journalism
background? asked Singh, editor of CNET News.com in San Francisco.
How do you deal with critical stories of a product when you sell
it through your Web site?
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