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FlipBoard
In the 'golden age of media' there are many new business models (
HBR)
People with money are talking about the news business, too. The
venture capitalist and Web pioneer Marc Andreessen (who has investments
in three digital news operations) unleashed a spirited discussion on
Twitter early this year with his visions of a bright digital future for
news.
At one point Andreessen offered up the “most obvious 8 business
models for news now & in the future.” After listing today’s staples,
(1) advertising and (2) subscriptions, he continued with (3) premium
content (that is, “a paid tier on top of a free, ad-supported one”);
(4) conferences and events; (5) cross-media (meaning that your news
operation also generates books, movies, and the like);
(6) crowd-funding; (7) micropayments, using Bitcoin; and
(8) philanthropy. Nicholas Thompson, the editor of The New Yorker’s Web site and a co-founder of the digital sort-of-magazine The Atavist, chimed in with two more: (9) “while building product you’re passionate about, create software you then license widely!”—The Atavist’s
approach—and (10) “fund investigative business stories + then short
stocks before publishing,” a reference to the billionaire Mark Cuban’s
controversial relationship with Sharesleuth.
Physical books may be looking more resilient than we had expected (
NYTimes):
So
it is a funny thing, about this transitional era for the book, just how
filled with bound pages it has been so far. A new kind of hard-copy
bibliomania has without question sprung up along the banks of digital
reading. I don’t really have a friend, either heavy reader or the sort
still getting through the Malcolm Gladwell she got for Christmas, who
doesn’t want, have or feverishly dream of floor-to-ceiling bookshelves. I
am not sure that floor-to-ceiling bookshelves haven’t even become my
generation’s — or at least my peer group’s — No. 1, most-desired décor
scheme. Celebrities like Leelee Sobieski and Scarlett Johansson are now
photographed in front of their vast spans of spines, the way
woolly-browed rabbis and ponderous authors used to be. James Franco
tweets shots of his bookshelves, and the landscape of 30-something
lifestyle bloggers lights up like a stoner’s brain on an M.R.I.
In more paranoid moments,
you might wonder if some marketing mastermind is behind any of this. In
the 1930s, another era in which books produced greatly outnumbered
books bought, Edward L. Bernays — the “father of spin” who more or less
invented modern P.R. — was approached by a group of publishers,
including Simon & Schuster and Harcourt Brace, to try to get people
to buy more books, despite the tough economic times. Bernays is said to
have pronounced, “Where there are bookshelves, there will be books.” He
then went about getting top architects and decorators to put book
shelving into the homes of their V.I.P. clients — clients encouraged to
go forth and fill these shelves up, for the benefit of, among others,
magazine photographers.
Certainly,
you’d be hard pressed today to find a catalog from the likes of
Restoration Hardware that doesn’t contain a photo with a swath of books
within frame. Same with magazines like Elle Décor, the dense shelves of
reading often found in unlikely places, like the dining room, the story
being that you are peering into the inner sanctum of an eccentric and
ebullient mind that just won’t quit. Even if it’s just canned soup and
loneliness for dinner, it’s still a feast for the intellect.
The UCSF student newspaper did a series on Open Access publishing. Here is the last installment on new business models:
Biomedical sciences journals charge the highest APCs of any science,
technology and medicine (STM) discipline, with the average fee in 2010
running just over $1,000, according to an article by Drs. David J
Solomon and Bo-Christer Björk published in the Journal of the American Society for Information Science and Technology.
According to their calculations, the biomedical field spent over $64
million in APCs for open access journals, with many journals charging
between $700 and $1800.
“I’m seeing some pushback from faculty, mostly to the ‘author-pays’
model of open access,” said UCSF Library’s Director of Serials Anneliese
Taylor. “Those who are opposed think that the university is pushing
costs off on researchers, while at the same time their research awards
are decreasing.”
But this should not be a disincentive for scientists to publish in open access journals, according to Johnson.
“The critical thing is to look at the entire cost of a research
project—and the journal publication charges are a very small part of
that,” he said. “Compared to the salaries that are being paid to people
and the cost of supplies and the infrastructure, it’s a very small
percentage of the overall cost.
A short video from
BBC news on the new Mills and Bone romance book app.
More articles on Flipboard.Data analysis tops publishers' priority for investment in 2014 (
Guardian)
We are drowning in data about readers and attention, but which metrics really matter? You won’t like the answer. (
GigaOm)
Major media publisher admits it is “afraid of Google” (
ARS)
New Thai press museum in Bangkok (
BPost)