Future of Media recap: Start-ups, gamification and ‘pay-what-you-can walls’

by David Silverberg and Chris Hogg

The future for media organizations is not all doom and gloom, and there is more opportunity and experimentation happening today than ever before. That was the overall discussion at Digital Journal‘s Future of Media panel discussion last night in Toronto.

In a meaty conversation that sunk its teeth deep into topics of start-up culture, gamification and paywalls, editors and experts discussed why we should be optimistic for legacy media and start-ups experimenting with innovative news projects.

The insightful debate included a wide array of media experts: Jamie Angus, acting head of news at BBC World News; Jon Taylor, senior director of content for Bell Media Digital; Chris Boutet, senior producer for digital media at the National Post; Mathew Ingram, a senior writer at GigaOM; and Kathy Vey, editor-in-chief of OpenFile. The discussion was moderated by David Silverberg, managing editor of DigitalJournal.com.

The theme of the night could be summed up by Ingram’s poignant one-liner: “When you’re on Death Row, it’s easy to find religion.” He referred to the important wake-up call many newspapers faced with plummeting ad revenue and an upturned business model.

Boutet of the National Post agreed and said his outlet has adopted a digital-first strategy to allow readers to easily consume online news, while making sure the print product still had strong long-form content. “It needs to start with digital and end in print,” he said.

The conversation often veered into the benefits and dangers of using on-the-ground reporting from citizens in global hot spots. Angus said the BBC had previously ignored social media but now the organization is increasingly incorporating tweets into its reportage. “That could never happen two or three years ago,” he admitted.

Ingram replied, “When Twitter came out, I don’t think anyone would have predicted newspapers would have entire staff devoted to their Twitter account.”

Vey, who runs the collaborative news start-up OpenFile, said she’s optimistic about journalism’s future, considering how many important news start-ups have made an impact in the U.S. She just wishes Canada could better nurture start-ups and entrepreneurs.

The conversation around start-ups took up a better part of the night, with each panelist discussing how a news organization could benefit by having an entrepreneurial approach to media production. Panelists agreed the lean approach without expensive overhead and the willingness to try new things is an important part of determining media’s future.

That said, Boutet, Vey and Ingram agreed entrepreneurial skills are not something journalism students learn in school, and students don’t enter j-school with the goal of graduating, starting their own company and trying to compete with a big newspaper.

Boutet said newsrooms need to create an environment where experimentation is encouraged, and an entrepreneurial mindset helps. He noted how the National Post has designers, programmers, digital media producers and journalists within the same area to facilitate collaboration.

Ingram agreed, saying a news experiment today can happen in an afternoon with $1,500 and a programmer who fires out some code. But that often doesn’t happen because the small numbers and quick turn-around time are not how media executives typically think. “They think in terms of months, not days,” Ingram said.

Some mainstream media outlets are stepping up their online news initiatives and experiments. At the National Post, for instance, the newspaper partnered with GeoPollster to allow people to check-in to venues with Foursquare with their political party affiliation, so a certain restaurant can be Conservative if enough Conservatives check-in to that spot en masse. “We wanted it to be fun,” Boutet said, and many panelists agreed entertaining media projects and “gamification” could benefit news outlets.

Taylor, from the newly minted Bell Media, said the growth of mobile and tablet platforms have also dramatically shifted focus and opened up many new opportunities for media outlets, especially broadcasters. “My job has 100 per cent changed because of those platforms,” he said. “We’re learning with everybody else. It’s constantly evolving.” Taylor said he’s hopeful the rules of the TV game will evolve into a more futuristic model, where it’s not just watching TV on your tablet PC, say, but also being able to swipe something from your tablet onto your TV somehow.

He also spoke about new revenue possibilities for broadcasters, saying there’s “no magic bullet” but that old ideas are becoming new again. “I think the answer is going to be a multitude of things, which include digital sponsorship, we have sponsors we have advertisers,” he said. “In the TV world you can only get so innovative, in the digital space it’s nearly unlimited.”

Taylor said the “This show is brought to you by…” line is something we’ll likely hear more often, but that media organizations have to be careful how they balance sponsorship and production. He said sponsors need to be happy with the presence, but broadcasters have to make sure content is not overly swamped with advertising messages.

Angus agreed that mobile is an integral part of the future of media, noting that rapid adoption of mobile phones in some places such as Africa have replaced more traditional platforms such as radio. Angus said the BBC, and media organizations that reach massive audiences in very rural places, have new challenges because they must think about the medium or platform through which the message is being delivered. In some areas, media is consumed through more than just a newspaper or Internet connection. Angus said organizations who want to reach wide audiences now have to think about how much the end-user will have to pay to consume content via mobile versus other platforms when they decide where to invest and how they want to target new audiences.

On the topic of cost, the panel  discussed paywalls and how they fit in the media’s future. The BBC’s Angus and Ingram were at odds on this issue. Angus suggested the paywall experiment by the Times of London and New York Times could be the harbinger of things to come. ”What if they’re right, doesn’t that change things?” he asked. Ingram shook his head and said “But the Times of London lost a lot of pageviews…and now they’re just an expensive newsletter.”

After some debate among panelists, Angus went back to the idea and admitted that while it may not be popular among readers it may be necessary for media outlets. He said if it becomes the norm, it may give media organizations enough of a revenue stream to encourage them to invest in the digital media space.

Boutet didn”t like the idea of a paywall because it’s an ultimatum that does not allow the reader to suggest how much they think content is worth. Telling a reader to pay $10 per month or go away, Boutet believes, is the wrong approach because it’s an all-or-nothing attitude. “What about a pay-what-you-can wall?” he suggested, saying some readers may not want to pay $10 per month but would be willing to pay $5. Having the option to let people price a product themselves provides a news organization with the opportunity to market-test various pricing options and determines what people will pay.

The panelists generally agreed a paywall or pay fence would work with specialty content, such as Wall Street Journal‘s financial news or ESPN.com‘s in-depth sports coverage. Ingram was unsure what metric would be used to measure success, though. “Does it look like 200,000 people paying to read your content, or does it look like millions?”

So what’s in store for the future of media? The panelists all seemed to agree experimentation is important and that the news industry as a whole is in better shape today than it has been over the last few years. That said, there are still a number of questions that need to be answered as far as concrete business models that will take shape.

New technologies such as augmented reality provide some really interesting opportunities to media companies, and mobile phones, apps and tablets are a game-changer for how, when and where people consume content.

The overall tone of the night was optimistic, with panelists agreeing wholeheartedly the future looks much brighter than the past. Media organizations now need to focus on experimentation, and partnering with start-ups is a cost-effective way to innovate new ideas.

The panel also agreed newsrooms need to shed old attitudes and get people to talk to their audience in a two-way conversation via social media channels such as Facebook and Twitter, while at the same time remember that every word they say is essentially speaking on behalf of their respective media outlets. What you say, when you say it, and how you say it, are guidelines that media organizations need to quickly decide.

Watch video from this event here

 

Future of Media 2010 wrap-up: Event examines impact of social media, mobile

See also: Video from the Future of Media 2010

On Sept. 8, five panelists shared their vision of the future of news with a packed Toronto audience. Discussion flowed from mobile news on your smartphone, to how geolocation will notify you of stories happening in your area. In addition, panelists talked about how news outlets are leveraging Facebook to become more “social” and why journalists should know about SEO and analytics.

These were some of the discussion topics at the Future of Media 2010 panel discussion held in Toronto’s Drake Hotel, where a standing room-only crowd crammed into the Underground space to hear what panelists had to say about journalism’s prospects. The Future of Media event is hosted by DigitalJournal.com. It’s a regular event intended to bring a variety of experts together to discuss changes in the news industry, emerging trends and their impact on the media business.

The panel was made up of executives from a variety of companies: Elmer Sotto, head of growth at Facebook Canada; David Skok, Senior Producer of Online Content for Global News; digital marketing and social media strategist Mark Evans; Kunal Gupta, CEO of Polar Mobile; and The Globe and Mail’s Managing Editor, Digital, Anjali Kapoor.

The standing-room only event began with a discussion on the challenges facing mainstream media today. Despite the struggle to retain print readership, the digital era is ushering in a new variety of media consumer, the panelists agreed.

While the conversation focused primarily on social media and its influence on news, Evans stated strongly that content is still king, and many panelists agreed. “Content will still be king, not all the bells and whistles that comes with it”, said Kapoor, with Skok nodding in agreement. “Journalists should be great storytellers, no matter what,” Skok noted.

But where content is read is changing and will continue to evolve. Gupta from Polar Mobile says reading news on your smartphone should be the norm, if only media outlets invested more in implementing apps. “The growth in mobile users has blind-sided media companies. [Polar Mobile] has gone from one million to six million users,” he said.

Gupta also cited an intriguing statistic regarding content consumption, saying mobile users consume 100 pages of content per month on Time.com’s smartphone application compared to only 14 pages on Time.com’s website.

Evans countered Gupta’s statement, saying mobile isn’t yet catering to advertisers so its success as a news platform is still up in the air. Gupta responded by saying the mobile ad market is immature in Canada, so all we get now is that tiny banner ad across the screen. “The infrastructure needs to improve,” Gupta said.

Gupta also discussed how payment systems need to be simpler in the future in order for any kind of micropayment process to work effectively. He’s unsure when this will occur, but Gupta said he is certain news outlets would benefit from a more mature smartphone market.

The discussion then turned to what Google CEO Eric Schmidt recently said to the Atlantic Monthly: Newspapers will survive the digital revolution but expect news to be delivered on anything but paper.

Kapoor from the Globe & Mail responded by saying she sees print newspapers still appealing to news junkies; compelling content will continue to attract readers, it’s just a matter of complementing print stories with online add-ons, she said. Evans agreed, saying the growth of free dailies should demonstrate there is still demand for print.

When the talk turned to Facebook’s role in the media industry, Facebook Canada’s Sotto and Evans argued about the issue of the social network being a “walled garden.” Evans felt Facebook doesn’t offer a variety of ideas since people tend to read within an echo chamber. Sotto replied by saying you never know what you’ll find in your Facebook News Feed. He recalled clicking on links from a friend about country news in his feed, even though he never liked the music, “but I felt compelled to learn more about it.”

Kapoor noted the Globe & Mail enjoyed partnering with Facebook recently to bolster the Globe’s viewership. Sotto said the Globe saw an 81 percent increase in Facebook referral traffic when it implemented the Facebook “Like” button on the site.

Kapoor also said media outlets should get away from the idea of “we need to build everything ourselves.” She added, “The challenge is that news organizations shouldn’t be developing everything, they should be partnering. The online environment is a very different environment, and those skills aren’t always translated to traditional newsrooms.”

The panel also touched upon the issue of moderating comments. They wondered if online comments should be moderated in-house or outsourced. Evans believed this service should be outsourced because of cost, but some of the other panelists disagreed.

The panel was then asked about Twitter’s potential as a breaking-news source. Look at how the hostage crisis at the Discovery Channel building heaped praise on the micro-blogging service with headlines such as “Twitter breaks hostage story.” What happened to news outlets getting those scoops?

“Twitter is not a content creator,” Evans said. “It allows people to have conversations, to say what they want, but it’s not a news outlet. We have to remember that.”

Evans went on to say the difference between journalists and the public tweeting news they come across is storytelling. Laying out the facts and uncovering verifiable sources are skills media organizations still covet.

Speaking of skills, what talents should the next generation of journalists perfect in order to be attractive to news outlets? Kapoor said the Globe looks for journalists who can tell a good story and report effectively. She also said today’s journalists should also know more about SEO, analytics and knowing who the audience is, as well as social media and multimedia journalism.

“Be bold, experiment, that’s what we want to see,” Kapoor said.

Skok echoed her statement but stressed he would still like to see journalists hone the age-old skills of producing quality content. That said, Skok also supports using technology to tell stories in new ways. For example, Skok said his company gave every Global National reporter across Canada a new iPhone 4 with which to shoot video reports in addition to standard coverage.

When it comes to working at Facebook, Sotto likes to see risk-takers try new things. Some of their best ideas, such as photo tagging, came from all-night programming sessions when staff wanted to play around with brainstormed ideas, he said. Sotto also praised the University of Waterloo, where he said Facebook has discovered some of the best interns who went on to become employees.

After the panel discussion, the event moved to a Q&A where panelists took questions from the audience. One self-professed techie asked the panel what it thought about the future of radio and podcasts. Evans admitted he doesn’t listen to radio much, saying “podcasts are like the ugly orphan in the corner.”

Skok, on the other hand, thinks audio reports could be part of media’s future; during the G20 protests in Toronto, a Global reporter complemented her editorial with a voicemail add-on to a liveblog during a car fire. “She was terrified and you could hear it in her voice. It was the most compelling thing I have heard in years,” he said.

On Twitter, Digital Journal got a question via @annejoyce, who asked about social media’s popularity creating positions such as community managers at news outlets. Will these types of job openings continue to flourish or is it a passing fad?

Kapoor said the Globe isn’t consistent in how it handles this newly created position, considering how hazy the ROI has become in implementing a social media manager. It can also be difficult in measuring the success of someone involved in social media. “Do you base the qualification on traffic or Twitter mentions or something else?” she asked.

Evans answered Anne’s question bluntly. “Today, would you rather be a social media manager or a journalist? I’d go with social media, without a doubt.”

The Future of Media event was hosted by DigitalJournal.com and was sponsored by Suite 66, Queensway Audi and CNW Group. Prize sponsors included Rogers Wireless, Palm, Flip Video and Dell.

See also: Video from the Future of Media 2010

Video: Future of Media 2010

For those who missed the Future of Media event on Sept 8, 2010, the following clips have been made available. You can also read a written recap of Future of Media 2010.

The discussion topic was social media and mobile, and included a panel made up of experts from a variety of industries:

• Kunal Gupta, CEO, Polar Mobile
• Anjali Kapoor, Managing Editor, Globe and Mail, Digital
• David Skok, Senior Producer of Online Content for Global News
• Elmer Sotto, head of growth for Facebook Canada
• Mark Evans, a social media expert and strategist

The panel discussion was moderated by DigitalJournal.com Managing Editor, David Silverberg. The clips from Future of Media 2010 are in order below:

Digital Journal Presents: Future of Media 2010 (Part 1)

Digital Journal Presents: Future of Media 2010 (Part 2)

Digital Journal Presents: Future of Media 2010 (Part 3)

Digital Journal Presents: Future of Media 2010 (Part 4)

Digital Journal Presents: Future of Media 2010 (Part 5)

Digital Journal Presents: Future of Media 2010 (Part 6)