A Tale of Two Media Models

Two interesting articles on different approaches for media survival. Firstly, why the Economist is working whereas others are not:

Unlike practically all other media “brands,” The Economist remains primarily a print product, and it is valued accordingly. In other words, readers continue to believe its stories have some value. As a result, The Economist has become a living test case of the path not taken by Time and Newsweek, whose Web strategies have succeeded in grabbing eyeballs (Time has 4.7 million unique users a month, and Newsweek has 2 million, compared with The Economist’s 700,000, according to one measure) while dooming their print products to near irrelevance.

And on the opposite extreme, algorithm driven curation from the BNO, as blogger Mike Bracco put it on The Next Web today (from RWW):

, "Unlike their mainstream counterparts the service does a great job of only reporting news worthy of the 'breaking' label. I can attest to this as well as their ability to deliver breaking news before anyone else. I have found them to consistently report news 10-15 minutes before it hits mainstream websites or blogs and well before it is ever reported on TV." In the news game today, being best and first by minutes means it's your link that gets passed along. Breaking News Online is excelling at that game with its short, quick updates.

As to a business model:

The company is going to monetize its research flow, editorial judgment, distribution channels...and links to other peoples' content. If BNO is successful, there is a real risk of original content publishers objecting to the fact that someone else has found a way to make money off of (links sending traffic to) their content.

Both articles show how they are beating competitors from the moe "trad" media - the centre is clearly not holding.