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Future of News is Past of News

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[This is an expanded version of the article Reclaiming the printing press and was first published 3 Dec 2012 here]

Imagine a theme park. Imagine this theme park is the most popular theme park in the world. More popular than Disney World, more popular than Sea World, more popular than all US theme parks combined. Now imagine that it costs about $400 for an annual pass to enter this park. Yet there are no rides in this park. Sounds ridiculous right? But this isn’t an imaginary theme park. This park exists. In fact, you go there almost every day. 

Several weeks ago Newsweek announced it is to stop printing magazines. After 80 years, one of the giants of US news is going web only. It will no doubt be tempting for others to follow; off-loading manufacturing costs, abandoning a declining print readership, addressing steepening competition on the web. Newsweek’s bold move may well herald the long-forecast demise of the print industry.

But it is not just the physical paper that is disappearing. It is the media’s control over content distribution. Gutenberg’s printing press allowed publishers not only to realise their ideas in print, but also to share those ideas as they saw fit. That power is slowly being eroded. Newsweek’s decision underlines the fundamental shift in newspaper and magazine publishing in the age of Web 2.0; a relinquishing of the mode of production.

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