The old yet new again publishing paradigm.

There was a lot of talk this week about  techcrunch network,  digg.com,  paidcontent.org and gigaom etc  starting  ** publishing 2.0** and reinventing media.   I think nothing could be further from the trueth.

There is nothing really innovative being done by any of these sites.   What I feel is happening is they are taking time sensitive information about a specific market and displaying it in a optimal way  which is a sort of a feed/blog.   If you think of a day traders desktop they get a real time news feed scrolling by on their screen,  these new networks are just a slowed down version of that.

Much like stock trading, when reading  sites such as techcrunch, digg, paidcontent etc  it doesn’t really matter if you miss a day.  If the information is important enough you will hear about it several times on several sites.   Day traders will use information contained in real time news feeds to buy stocks before the general market hears about the news 10 minutes later and make money.    In the case of sites like techcrunch,  the tech community is sitting around dissecting every site that gets reviewed and is looking for information that can make them more money  or give them a competitive advantage that no one else has.

In the future these sites will continue to grow and many online newspapers will be in trouble.   CPM rates in a online newspapers technology section will decline as users who are really into this stuff or have the intent of buying will be reading “blogs” like engadget.

I believe newspapers will start to reinvent themselves by going out and aggregating a large number of blogs and repackaging them for consumption.  This is basically what digg is doing,   the only problem  with digg is the content isn’t tailored to a user, its just a collection of stories that someone in the tech industry might be interested in.   If you think back to the stock trading example,  techcrunch would be like a news feed about a specific stock,  and digg.com  would be a news feed about the tech industry.   When is someone going to create a “news feed” that is tailored to a users interests?   

11 Responses to “The old yet new again publishing paradigm.”

  1. Joshwa Says:

    Reddit does exactly that, with its recommendation engine.

  2. namedb.net Says:

    Tailored to Users Interests…

  3. Markus Says:

    I think what needs to be created is a cross between techmeme.com and digg.com. The digg.com data would be used when there is nothing else.

    The site would allow you to register and filter out categories you do not wish to see, like anything to do with gaming, photoshop etc.

  4. Nick Pang Says:

    but digg is biased as the stories can be ‘digged’ by your own ‘friends’ network thus making them look good. granted not everybody take advantage of that by selling their account in eBay but a lot of weight is put on the ‘rater’.

  5. Nathan G Says:

    Slightly different, but crispynews allows users to create their own news voting site. Its not individual based, but interest/community based.

  6. Jim Says:

    blogburst is currently syndicating blogger content to newspapers.

  7. Oliver Willis Says:

    National Chronicle uses hand-selected news sources to present aggregated news to the reader.

  8. namedb » Tailored to Users Interests Says:

    [...] I was just reading Markus Frind’s blog,  The Paradigm Shift, and he wrote a very interesting post stating: If you think back to the stock trading example,  techcrunch would be like a news feed about a specific stock,  and digg.com  would be a news feed about the tech industry.   When is someone going to create a “news feed” that is tailored to a users interests?  — The old yet new again publishing paradigm [...]

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