Journ 1100 1st Edition Lecture 16Outline of Last Lecture The Economics of Print and Digital NewsI. Costsa. First copyb. ReproductionII. 3 kinds of media contentIII. 2 kinds of distributionIV. Innovation a. Sustainingb. DisruptiveV. What jobs do newspapers do?VI. News & Network EffectVII. Advertising innovators, News innovatorsOutline of Current Lecture Journalism & Digital TechnologiesI. Paywalls a. Hard paywallb. Soft paywall II. Nonprofit News Modela. Other nonprofitsb. How news nonprofits stay sustainable?III. How can the Internet and social media be used to report news?IV. Hyperlocal journalismV. Concepts – Old and NewCurrent Lecture Journalism & Digital TechnologiesI. Paywalls : system that prevents Internet users form accessing content without paid subscription- Hard paywall: allow minimal or no access to content without subscription- Soft paywall: more flexible in what users can accessII. Nonprofit News ModelThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.Ex: St. Louis Beacon, a non-profit news startup founded by St. Louis Dispatch veterans in 2009- Lasted 5 years- St. Louis Beacon & St. Louis Public Radio merged, the goal of the merge was to combine news staff - Financial model: support of listeners and online readers to attract donations- Other nonprofitsi. Center for Investigative Reporting (based in California, $10 million budget in 2012)ii. Texas Tribune ($4.5 million budget in 2012, focus on state gov. and politics)iii. Voice of San Diego ($1.1 million budget a year, look at local issues and gov.)- How news nonprofits stay sustainable?- Create social value: use social media, websites, email, newsletter, public events and partnerships with other news media- Create economic value: find multiple sources of revenue to stay sustainable (foundations, donors, sponsors, events)- Adapt and innovate: start by creating high quality news content III. How can the Internet and social media be used to report news?- Find people to interview- Hear from public about their experiences- Verify info- Google, facebook, and other media are in a way “gatekeepers” because the info. they give, is what we useIV. Hyperlocal journalism: form of journalism marked by intense focus on locality- Community news, defined by geography - Focus on single issues- (ex: large neighborhood, suburb, focus on one issue; “Heartland of Columbia”)V. Concepts – Old and NewLegacy Media  predate the internet (newspaper and broadcast)i. Depend on heterogeneous, mass audience, advertising revenue (Dual product model)Digital first  serve audience quickly on digital platformsii. Legacy media reorganize to break news on digital platforms firstThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a