We and others reported Monday night that our parent company Thomson Reuters Corp is starting a U.S. general news service for U.S. publishers and broadcasters. Though my employer, Reuters News, has been providing general and business/financial/economic news for more than a century, we didn’t have a service before that would rely on a big group of hired journalists and stringers to get busy covering U.S. news in a large way.
I’ve always been thankful that my grandparents were good at playing the real estate game. Among their unlikely coups was buying a house in the 1960’s in Edgartown, the tony enclave on the island of Martha’s Vineyard, whose exclusive address had no correspondence to their income level. If they hadn’t bought it, there’s no way that my journalist’s salary would have been able to scoop up property like that. In the more than three decades that I’ve been going there, I’ve become a regular reader of the Martha’s Vineyard Gazette, the enormous broadsheet newspaper that has resisted the cost-cutting size reductions that many other newspapers in the United States have sustained.
The Magazine Publishers of America said on Friday that it is renaming itself the MPA — The Association of Magazine Media. The notable difference is the omission of the word publishers. Why?
Professional New York Times haters often fixate on the company’s seeming haplessness and its namesake newspaper’s flat-footed, delayed and defensive strategies for dealing with bad news, bad press and bad times for newspapers. Today the Times said it has hired Wall Street Journal spokesman Robert Christie, a move that could change this perception.
Some people hate The New York Times and some people love The New York Times — but everybody wants to read The New York Times for free. That will largely end in 2011. You probably read that today on the Internet, and you probably read it for free.
You can find the clearest statement about what’s happening with Google and its threat to quit China over the country’s human rights record in Xinhua, China’s state-run news service — seriously.
People are abandoning print newspapers because the articles are too long. That’s what journalist Michael Kinsley says in The Atlantic. Here is his opening paragraph: “One reason seekers of news are abandoning print newspapers for the Internet has nothing directly to do with technology. It’s that newspaper articles are too long. On the Internet, news articles get to the point.”
from Summit Notebook:
Here's one of the headlines that we produced at this week's Reuters Global Media Summit: "Media get real about paid-for Web news." In it, we distilled media executives' thoughts on the future of news to this: The romance with free content -- stimulated by global ad spending that reached a peak of almost half a trillion dollars last year -- was over.
from Summit Notebook:
RTL Group Chief Executive Gerhard Zeiler came to our U.S. headquarters on Thursday so we could interview him for our Global Media Summit this week. While we waited for our colleagues in London and Germany to beam in remotely, I asked him about what he and other Austrians generally think of Michael Haneke.