He was seeing this as a blow against paid content. I am still trying to get my arms around what will happen in the paid content world. I can make a case for a few models, but the thing I believe the most in is that revenues for specific content go down, while diving down to specific demographics of the audience will get a higher premium.
But the story here is more interesting if we think of Reuter's making an attempt to put some structure in the way user generated content is presented.
We can look at the release of this document as an attempt to set a standard for journalism for all. In effect doing crowdsourcing in a set way.
Recent events in Iran showed the power of the mobile devices to deliver the message of what is happening on the street. Not everything that happened was to the positive when it came to cell phones.
However, if Reuters is able to influence the market of would be journalists, they in effect have crowdsourced reporting and given themselves an advantage in editing and selecting of content in a more timely manner.
And that's been Reuter's history is to be the first with the information.
From a business perspective information has a shelf life that impacts the market, the quicker you have corraborated valuable information the more likely you can make a good choice from a business perspective.
- Related Entries
- Scenario Planning; If You Build It Will They Come? - Jul 06, 2009
- Intel Finnishing it Connections, or, That's Nokia with an IA - Jun 25, 2009
- This is ARMless: Nokia & Intel - Jun 24, 2009
- The Smartphone OS Market - Mar 26, 2009
- Waxing, Waning, WiMAX - Jan 12, 2009
- Nokia Kills Production of WIMAX Device - Jan 08, 2009