From Time Magazine

Here is a basic shift that has occurred in the news business: Because of the Internet, you, the reader, no longer have to buy information in pre-fabricated packages like “newspapers.” You can just go online and individually select the articles you want to read. And there are lots of websites and blogs to help you out. Every day, Matt Drudge, the Huffington Post, Yahoo, Google, Swampland, or a hundred other different bloggers, will pre-select articles for you and provide links. You choose your own adventure.

There is a corollary effect here: As the value of the package declines, the value of the individual article increases. Online, news organizations charge advertisers based on the number of hits they can get on a site. And since the hits are often coming for specific stories, and not the entire site, a blockbuster story that gets linked to, say, Drudge, is money in the bank.

This means that the competition on the level of the individual story is more intense than ever before, and there is enormous pressure to distinguish yourself from the pack. Assume, for instance, that 12 news organizations do the same story on the same day about how Hillary Clinton has a tough road ahead of her to get the nomination. Which story is going to get the most links and therefore the most readers? Is it the one that cautiously weighs the pros and cons, and presents a nuanced view of her chances? Or is it the one that says she is toast, and anyone who thinks different is living on another planet?

I ask these rhetorical questions because I just finished reading Marc Ambinder’s detailed rebuttal to the Politico story from Friday (which I previously blogged about). That article, by Jim VandeHei and Mike Allen, effectively declared Clinton toast, and suggested that anyone who thinks different is living on another planet. Most of Ambinder’s critique is based in the merits of the actual situation, and he notes repeatedly his belief that the Politico authors did little more than repackage the conventional wisdom. But he also glances across something really important about the dynamics of the news business:

PLEASE READ COMPLETE ARTICLE FROM TIME MAGAZINE HERE: http://www.time-blog.com/swampland/2008/03/the_internet_effect_on_news.h...