In a tense debate on CNBC about the future of media, Mike Wolff explains to the CNBC anchors that there is a new journalistic business model replacing the old one.
“I’m trying to put newspapers out of business…hello, people don’t want to just read The New York Times anymore (Michael Wolff, Founder of Newser.com).”
Wolff, who founded the news aggregator Web site Newser.com, began his career in print writing for The New York Times. He isn’t trying to hurt anyone’s feelings or start any feuds; Mike Wolff is being honest.
Newser.com, and other digital news aggregates, is the future of journalism and the future is now.
Sure, those who make a living through re-purposing other news stories from the day will be criticized, but the truth is, people are going to these Web sites and reading the RSS feeds. Users are reading the news snippets that Newser.com creates.
The New York Times has announced it will begin charging frequent users for access to the Web site.
Who knows if this pay wall will prove lucrative? Wolff is simply saying he would never pay for news when so much of it is out there that journalists would gladly let aggregates publish.
The Huffington Post will launch an RSS of college news and blogs.
I think this is a great idea because a lot of today’s college students are being taught the importance of digital media and how to use it effectively. College students are going to be the future of this new media business model and The Huffington Post is smart to include them.
The decision to either aggregate or report (or attempt both) will undoubtedly work itself out as things progress. For now, though, print news seems to be somewhat of a sinking ship.
“The hard work of actual reporting … is going to be changed by technology, by the use of better tools, by not repeating the work that everybody else does (Michael Wolff).”
Without the knowledge of digital media, not everyone will survive.

