Retired journalists jumping back in
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According to writer Margaret Sullivan the problem is the internet and a digital revolution that has not settled on any profitable business models yet. “The problem in digital news? The audience, in many cases, was there. But the profits didn’t follow, or at least not in a sustainable way. Digital advertising revenue, once thought to be based on audience size, was going instead to social media platforms, particularly Facebook.”
Some legacy brands that have digitized their business, but who also retain a large print presence seem to have weathered the storm much better.
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Canadian news publishers have outlined the severe challenges they would face if big tech platforms block their content.
Jeff Elgie, CEO of Village Media, told senators studying the bill that Google and Facebook generate more than 50 per cent of his digital company’s web traffic, according to a story in the Toronto Star.
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Ottawa Magazine’s managing editor, Robert Hiltz, announced the publication’s closure in his newsletter — Ottawa Lookout.
“I’ve also had the pleasure of being the managing editor of Ottawa Magazine,” wrote managing editor Robert Hiltz in late March. “Sadly, this upcoming Spring issue will be the magazine’s last.” The magazine is published by St. Joseph Communications.
Likely culprits for the demise are higher paper costs and shifting consumer habits to online outlets. Ottawa Magazine’s final edition was published in early May.
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The Sprawl, magazine of the year
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CALL for Judges Registration Link
THE 2023 COPA AWARDS PROGRAM
1. Call for Judges -- May 1
2. 2023 Categories Release - June 1
3. Call for Entries - July 1 - Canada Day
4. Early Bird Deadline - August 18
5. Entry Deadline - September 30
6. Finalists Announcement - December 1
7. COPA Party - Feb 2024
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Karyn Pugliese
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As reported in What’s New in Publishing, the issue was produced by ChatGPT and Midjourney with human prompts. It’s available as a free digital download and is described as a lifestyle magazine that blends ARI with human creativity. Stories include “Can AI Expand your Horizons?” and “The Complexity of Time.”
The founders reportedly wanted to showcase how AI can be used in product innovation and to prove that the tools are advanced enough.
Have a look at www.panta-rh.ai.
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The company had been preparing for bankruptcy over the last year. Earlier this year its CEO left the company and two recently the company said it would close Vice World News.
The purchase has led to speculation that the buyers are poised to bring Vice Media co-founder Shane Smith back to the company in an as-yet undefined role. Smith oversaw Vice Media in its heyday when it was valued at US$5.7 billion.
Included in the purchase are Vice Studios film and TV production unit, Vice TV, and creative agency Virtual. The company also owns Refinery29, London-based Pulse Films and i-D.
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Jaded says: | |