Some interesting points from a weekend opinion piece by Financial Times Editor Lionel Barber.
Barber analyzed how the press — particularly in the United States — got to the miserable place that it’s in now. There are plenty of reasons having to do with business models and impatient Wall Street vultures, but Barber brought up an interesting idea: the mainstream media disenfranchised itself from the public’s trust as it became more cozy with its high-level sources — precisely at the time that the Internet started to annihilate the U.S. newspaper business model.
Barber relies on Michael Elliott, the British-born editor of Time’s international edition, to sum up the U.S. newspaper crisis:
A broken business model overly reliant on classified advertising revenue that has now moved online; a mistaken notion that post-1945 newspaper staffs of 800-plus journalists were the norm rather than a historical aberration; and, crucially, a stultifying failure to innovate because of the lack of competition.
(This last part, when applied to newsrooms, amounts to blaming the victim, Washington Post reporter Paul Farhi suggests in an American Journalism Review article out recently.)
Elliott suggests that the U.S. press could be more fun.
“The mainstream press in America is so conservative,” Elliott says. “Where are the DVD giveaways, where are the special promotions like in Britain? Look at the sports pages! They write about sport like they do City Hall. Where is the sense of fun?”