New Times Editor focuses on joining the conversation
Los Angeles Times Editor James E. O'Shea unveiled a major initiative this morning designed to expand the audience and revenue generated by the newspaper's website, saying the newspaper is in "a fight to recoup threatened revenue that finances our news gathering." [...]
[...] "At this rate, those double-digit profit margins everyone cites will be in single digits and then be gone," O'Shea said, adding later: "If we don't help reverse these revenue trends, we will not be able to cost-effectively provide the news -- the daily bread of democracy. The stakes are high."
I think that's great. No one is quite sure what a newspaper's role in Media 2.0 will be, but online will certainly be the most important part of their business.
Check out the full article for a breakdown of some of the planned changes.
Imagine if they had a way to keep the user coming back for more content by sending them desktop alerts and displacing headlines on a news ticker.
Labels: media 1.0, Media 2.0, newspapers, RSS, social media, touchstone
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