DailyDirt: Journalism 2.0 Owned By Billionaires?

from the urls-we-dig-up dept

It isn't exactly news that newspapers are facing some serious business difficulties. But if you haven't been keeping up with the business of journalism (and who could blame you since most of the news is crap), you might have missed seeing that some tech billionaires are starting to invest in journalistic endeavors. Sure, billionaires have always owned all the major news organizations (eg. Hearst, Bloomberg, Zuckerman), but the key part here is that technology-savvy billionaires are getting into the game. Maybe that small detail will matter. Or Maybe it won't. In case you haven't been reading any of this news, here are some examples of this billionaire buying trend. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post via StumbleUpon.

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  1. icon
    Jay (profile), Oct 24th, 2013 @ 5:05pm


    So you have people owning more newspapers...

    How will this not be focused on newspapers that don't attack those people?

    This is truly a conflict of interest.

    reply to this | link to this | view in thread ]

  2. icon
    ipgrunt (profile), Oct 24th, 2013 @ 8:12pm

    And Rupert Murdoch is news?

    They've been doing it for a long time, Mike.

    So how come you just noticed?

    reply to this | link to this | view in thread ]

  3. icon
    Ninja (profile), Oct 25th, 2013 @ 2:34am

    Re: And Rupert Murdoch is news?

    Notice he is talking about TECH-SAVVY rich people.

    reply to this | link to this | view in thread ]

  4. icon
    Ninja (profile), Oct 25th, 2013 @ 2:37am

    I believe these experiences may be quite interesting. I wonder if they can be truly neutral and let the outfits write about themselves if any negative thing arises.

    It will be worth watching. The news world is in the middle of a huge earthquake that was set off by the internet. There are all sorts of attempts of doing journalism in a new way and i's difficult to see how this will end.

    reply to this | link to this | view in thread ]

  5. identicon
    Anonymous Coward, Oct 25th, 2013 @ 5:34am

    You guys suck I don't want the truth I need FOX to fill my head with tons of lies and propaganda that in some way strokes my ego.

    Just like my wife after sex.

    reply to this | link to this | view in thread ]

  6. identicon
    Ken, Oct 25th, 2013 @ 6:54am

    Billionaires buying newsprint ops

    It's about point-of-sale (POS) local commerce from a digital local-topical branded news/content fountain, and through a digital app, to wit: Bezos (WaPo) w/also, same day real-world delivery from online ecommerce; John Henry (GoSox) (Boston Globe Media Group - formed 10/24/13) straddling MULTIPLE online-offline print AND digital product distribution, throughout west-eastern Massachusetts/New England. POS transactions w/commission monetization and mfg/dealer local co-operative advertising funding. Of course 'content' continues to morph digital, as does legacy advertising models; cha-ching.

    reply to this | link to this | view in thread ]

  7. icon
    John Fenderson (profile), Oct 25th, 2013 @ 11:56am

    Just the next logical step

    The first step in the destruction of mainstream journalism in the US was when the big media companies bought up all of the news outlets so they could control the public narrative.

    Now that this has resulted in the predicted downfall of newspapers we move on to the next step, which is to pick up the corpses, dust them off, apply some makeup, and have a whole new set of companies use them to control the public narrative.

    reply to this | link to this | view in thread ]

  8. identicon
    hickman, Oct 29th, 2013 @ 11:15am

    It will certainly be interesting to see. Will it make a difference in news? Or will the power corrupt?

    reply to this | link to this | view in thread ]

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