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Saving Journalism — A New Economic Framework for Content in Web 3.0

The sPressionist

Print media publications of all kinds — newspapers and magazines — are dying out, as the Web and online advertising take their place. Increasing amounts of what used to be premium content (via paid wire services and databases for example) is now available for free on the Web.

At the same time the rise of blogs and wikis is giving individuals and groups of people effective ways to publish and distribute content to global audiences. As the major publishing brands decline in audience, upstart online brands are rapidly gaining eyeballs. And now, in the middle of this chaos, social networks like Twitter and Facebook are changing the way content is discovered, further chipping away at the value of the traditional leading media brands.

… In this brief article I will propose the beginnings of a possible new economic framework for Web 3.0 and beyond — one which could revitalize the media business and help it transition to the online world.

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