The newspaper industry must change, or become yesterday's news

24.03.2012

Tablet- and app-based news is great for me, but a disaster for the newspaper industry. This is not how it should work.

Most reporters should be independent syndicated writers or should work for news agencies, such as Reuters or the Associated Press. Almost every story written should be put up for sale in a central clearinghouse of some kind where reporters' and columnists' reputations could be established and communicated. Various curators and news organizations would use this clearinghouse to cherry-pick stories. Premiums could be paid for exclusive use. Assignments could be made to well-placed reporters with special access.

Most newspapers should just abandon their print operations, so those costs don't need to be maintained. Nearly all reporting should be local -- and more "national" and "world" coverage should just be "local coverage" from a distant place. Far more of the stories we get should reference and be informed by the original reporting of various journalists, and this referencing should influence their reputations -- and pay -- just like the selection of their work in the central clearinghouse.

Most important, monetization would reflect readership. The stories I read on my would be paid for by me either directly or through some advertising monetization process.

Instead of circling the wagons and building higher paywalls, , newspapers need to re-create the industry, starting with understanding that the public will abandon both paper and inefficient newspaper organizations in favor of tablets and curated global sourcing for stories.