myNewsBiz: a great new opportunity for UK journalism students
If the future of news is entrepreneurial, then it’s not as easy as saying “it is so”. Thousands of journalists won’t head straight to Companies House the next morning to register their new business.
If more journalists and other creatives are to create their own careers, build innovative new businesses and spark employment for thousands of others, their entrepreneurial spirit needs fostering early on.
If journalism in the future is powered by entrepreneurs they must be comfortable with business – and excited by it.
Well, I’m really excited to announce the launch of a new nationwide competition I have been working on, alongside Kingston University’s Journalism department in London.
We’re inviting journalism students from any UK university to come up with ideas for new news businesses – whether it’s a platform, a product or a service. We’re putting together a panel of industry judges and the business idea they like the most will win £1000 in cold hard cash to turn it into reality.
A 2nd place runner up will also get £500 to invest in their idea too.
It could be a hyperlocal website, a new smartphone app, an iPad magazine, a production company, an online video platform, a magazine, or even the next social media platform…almost anything!
It’s a great chance to get the next generation of journalists thinking about what makes a good business, how to find a unique selling point and identify a target market. This quick film we made explains the rest:
Training
In the new year we’ll also be unveiling some extensive online training materials to introduce students to the idea of business and enterprise, and help them develop their ideas before sending in their submissions.
How to enter
Entry to the competition is free for groups and individuals – you just need to head over to mynewsbiz.org and download an application form, which you can email back to us by the deadline: 1st April 2011.
With just a handful of journalism courses in the UK touching on the idea of entrepreneurial journalism, this is an unrivalled opportunity to find out what being entrepreneurial really means – and maybe get the cash you need to start your own company!
In London? Get to the Future of News meetups!
As you may remember, last year I founded the Future of News meetup group; a monthly gathering of journalists, entrepreneurs, students, academics and web geeks to thrash out solutions to journalism’s problems.
The rules of the meetup are simple:
- it’s free
- anyone can rock up
- negativity of any kind is banned
- as are phrases like “news is dead” and “that’s a crap idea”
Four meetups later and the group is going strong with nearly 300 members, and three local spin off groups in Brighton, Birmingham and Cardiff.
After the UK general election is out of the way on Thursday, we’re having no fewer than two meetup events this month – if you are in or near London please come along!
01. what can we learn from social media & the general election?
Thursday 13th May – details here.
This election is the first where a fully developed social media landscape has been present. How has that affected the campaign, the outcome and how people voted?
More importantly, what can journalists learn from how social media was used during the election campaign? What can we apply to new business ideas and big events in the future?
We’ll be hearing some as yet unpublished figures from UK startup UltraKnowledge who are monitoring social media activity as we speak. The information, including data on what days, parties, events were most popular, won’t have been seen before, so it’s worth heading along to get your eyes on that alone.
Afterwards we’ll be asking how journalists can apply social media for more profitable ways in the future. It’ll be one of our regular big ideas sessions, so if you want to come along, click here to sign up.
02. the entrepreneurship special
Tuesday 18th May – details here
Lots of commentators including Clay Shirky and Jeff Jarvis have been saying the future of journalism is entrepreneurial for some time. But becoming one is easier said than done. What makes a good idea for a news business and how do you even go about starting one up?
We’ve got three speakers lined up who can answer all those questions, including the CEO of a TechCrunch rated startup.
If you would like to launch your own news business (an online magazine, sharing site, social media platform etc.) but don’t know where to start then this event is a must. Spaces are already filling up fast. Click here to sign up & get a place.
There’ll be more future of news meetups over the summer, so make sure you register to get all the information.
The future of news belongs to those who…kiss

Image credit: Okinawa Soba
The traditional news organisations: the BBC, CNN, New York Times, the Guardian, Sky News – and all the others – have got a problem.
Up until recently I thought the problem was revenue and the lack thereof; but that will solve itself organically over time.
And then I realised they’ve got another problem: it’s one they’ll never be able to solve – and it threatens their place in the future of journalism.
They’re too big.
Sounds strange doesn’t it (after all, size is usually good for a news organisation with a big remit). The insight comes from Clay Shirky, whose blog posts are rare, but always near revolutionary. He talks about the collapse of the great empires of the past: the Mayans, the Romans. They collapsed because they got too big, too complex and couldn’t adapt to a new world.
His modern case in point: the Times paywall. He interprets Rupert Murdoch’s justification for charging online content as this:
“Web users will have to pay for what they watch and use, or else we will have to stop making content in the costly and complex way we have grown accustomed to making it. And we don’t know how to do that.”
In other words, News International is so big, so complex, so addicted to the exuberant and wasteful systems which it consumed in the 20th century, it just can’t change. So it has to charge customers to help sustain its lifestyle.
Shirky goes on:
“In a bureaucracy, it’s easier to make a process more complex than to make it simpler, and easier to create a new burden than kill an old one….Some video still has to be complex to be valuable, but the logic of the old media ecoystem, where video had to be complex simply to be video, is broken.”
That last point about video is important. Think how many TV production companies are addicted to $20,000 cameras, big rigs, professional lighting, large crews and plush offices in the centre of major cities. They don’t know how to do anything different, and so they charge their clients thousands upon thousands to cover their secret addiction to luxury.
Video Journalism has been around as a cheap alternative to traditional TV news gathering since the 1980s. Why do all the big news organisations still send 2 or even 3 person crews to stories? Michael Rosenblum points out dryly, ABC News’ move to VJing should have been news in the 90s.
Bad times for them. Good times for the next generation of journalists and producers.
How to survive in the future of journalism
Keep It Simple, Stupid.
Next generation journalists have a big advantage: we’re not addicted to expensive gear, offices, full time employment or bureaucracy. We know we can do things quick, cheap and simple. We can get impressive results with DSLRs, open source software, a laptop and creative commons media. We’re not ashamed to interview someone on a FlipCam, or embed our video with Youtube.
Do not underestimate the advantage that gives us in the market.
Someone who gets it is media commentator and lecturer Jeff Jarvis. Here’s what he wrote for the Guardian, when the Times paywall was announced:
“…in Murdoch’s folly, I see opportunity….As a teacher of entrepreneurial journalism at the City University of New York, I see openings for my students to compete with the dying relics by starting highly targeted, ruthlessly relevant new news businesses at incredibly low cost and low risk.”
And that’s precisely it. Go in lean, mean and ruthless and start tearing stuff up. But know this: if your career takes you into the fold of the giants, you too will become addicted to their opium. It’s a tough drug to get over. I’ve been lucky in some ways. I’ve only ever worked for tiny, struggling commercial outlets. I thought it sucked at the time, but it meant I always had to do things cheap, and quick – and I never got hooked on the luxurious journalism of the BBC or anyone else.
But the future is bright: here’s Clay Shirkey to wrap it up:
“It’s easy to see the ways in which collapse to simplicity wrecks the glories of old. But there is one compensating advantage for the people who escape the old system: when the ecosystem stops rewarding complexity, it is the people who figure out how to work simply in the present, rather than the people who mastered the complexities of the past, who get to say what happens in the future.”
It’s time to change how we think about “news”
While narrative prose will always play a central role in human communication, the future of public service journalism does not reside with “the story.”
There’s a very smart new blog on the scene, called The Future of Context. It’s run by Matt Thompson of Newsless, with input from Jay Rosen, Tristan Harris and Staci Kramer. The aim of the blog is a noble one: “…we wanted to bring some context to the question of context.”
Read any journalism manual, and it’ll tell you the importance of giving your reader or viewer the context to the story, putting it in its place. But in the rush to learn new technologies, multiskill and bootstrap, are we forgetting that?
In a post over the weekend, Howard Weaver summed up one of the big shifts in journalism pretty damn well:
In my salad days journalists relied on one tool to handle it all – the constantly changing river of news as well as the intricate web of process and relationships. Our tool was the story, a finite prose narrative anchored to one spot in time – all the news we could gather and report by midnight, more or less. Compared to the alternatives of the day, it was a rich and powerful source of information.
Compared to the alternatives today, it’s not.
He goes on to pose Jeff Jarvis‘ view that news, instead will be made up of ‘the topic, meaning a blog or site “that treats a topic as an ongoing and cumulative process of learning, digging, correcting, asking, answering.”’
The paradigm shift
So, is the news story dead? How does that affect us as journalists? One thing you can’t deny is that things are changing. Fast. Irrevocably. And completely. Matt Thompson sums it up very well, and journalists should take note:
“I think we’re on the verge of an epochal advancement in journalism. We’ve spoken for years about the radical evolution that must take place, but I think our ideas are only now matching our ambitions. In recent years, our craft has gotten quicker and glitzier and slightly more in touch, but all our progress has been incremental. Now, the paradigm shift is finally at hand …”
A wealth of journalism inspiration from New York
I’m sure most readers of this blog also follow US new media giant Jeff Jarvis’ blog over at Buzz Machine.
Jeff was telling us the future of journalism is entrepreneurial before anyone had really considered it and Buzz Machine is a hive of interesting writing. Today Jeff posted the results of an Entrepreneurial Journalism class where his CUNY students have been pitching their own business ideas.
For obvious reasons he’s not giving much away, but what he did reveal about the pitches that won some development cash (and those that didn’t) offers some excellent inspiration and ideas to the rest of us:
The four ideas that won some money from the McCormick Foundation are (emphasis mine)
- a platform for news assignments
- a mobile sports application
- a creative, algorithmic answer to filter failure
- and ClosetTour a new media site dedicated to fashion
And those that didn’t:
- a specialised womens travel service
- a specialised local real estate (property) service
- a cool food idea
- 2 business-to-business ideas
- a hyperlocal idea
- a service for NGOs
- a commercial service for NGOs
What’s great is the huge variety of ideas – covering news, fashion, food, sport. What’s more as Jeff notes:
A few were built around the need not just to create content but to curate it. Most are highly targeted. Some saw the potential in specialised local services. Some saw the need to go mobile to service the public. Some are international. Some are multimedia. A few saw the need to make news fun, others to make news useful.
And Jeff stressed the need for every business to cut a profit in order to survive. We must be capitalist about it now.
Anyone outside of CUNY or the US should read this and take inspiration. Although Jeff’s descriptions are necessarily vague, use them to fuel your own ideas and thoughts for entrepreneurial models. Think about the importance of serving a market, having a niche, finding a gap in the market – and being able to sum up your business in an elevator pitch.
Earlier today a friend showed me plans for an exciting news business in the North of England, which I can’t say anything about at the moment. But all this adds strength to my conviction that, if 2009 was the year of “great media collapse” then 2010 will be the year it rises from the ashes.
The future of journalism is out there (what’s stopping you?)
Journalism has a lot of hurdles to overcome if it’s to not only survive, but thrive for the next 100 years.
Money is a big one. So is citizen journalism. And yes, the decline of audience and the death of print are pretty massive too.
But the biggest hurdle, the one we must all overcome; the one which will guarantee a great future for news, has nothing to do with ink and paper.
I’m talking about attitude. Journalism is not going anywhere because hardly anyone’s got the right attitude.
And what attitude is that, I hear you cry?
It hasn’t got a name, but we know Mark Zuckerberg and Larry Page have it. And Evan Williams has it to. Jonathan Fields and Jonathan Mead definitely have it. By the looks of things journalists like David Dunkley-Gyimah, Michael Rosenblum and Jeff Jarvis possess it too.
There are some bloggers, like Lisa Williams, Hannah Waldram and Hermione Way who got some.
It’s obvious William Kamkwamba from Malawi is bursting with it.
Important people at the Times, Independent, New York Times, Telegraph, ITN, Sky and the Boston Globe don’t have it, which is why they’ll eventually fail. And across the West, in Britain, the US, Canada and Australia, not enough journalists have it. It’s why we’re getting busy going nowhere.
It can be summed up in truisms like these:
And pretty much boils down to:
It’s the attitude which gets inventors, artists…and yes, even entrepreneurs out of bed in the morning.
And it is the attitude which delivers the key to the future of journalism.
If we’re not careful the future of news, belongs to them, and not the journalists...no wait, hang on. If we ARE careful, it belongs to them. The whole point is we have to stop being careful! Take some risks, get your hands dirty!
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