“The only constant is change and the rate of change is increasing all the time.” 

Repost from ProPR‘s blog by Joseph Thornley.

Full post in original form available here.

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Mathew Ingram shared his insightful perspective on the current state of journalism when he spoke at Third Tuesday Toronto #3TYYZ.

Highlights from Joseph’s post:

Here are some of the highlights (and the time in the video at which you can find them):

Advertising revenues have decreased by over 40 billion dollars in a few years. The loss of revenue forces news media to change or die. (1:03)

Paywalls may slow the decline for traditional media, but they also stunt growth. Even at the New York Times, with its unique positioning, online subscription revenues are not keeping pace with the decline in advertising revenue. (1:55)

Paywalls are a “sandbag strategy”. They stem the flow in the short term, but they don’t solve the real problem. (2:55)

There has never been a better time to be a consumer of news. There is an endless variety. Virtually anything you are interested in, there are massive quantities of information available to you that would never have been available to you before. If you want to be informed about the news, you have the ability to do so faster and deeper than ever before. (5:35)

You also can see how the participants covered Mathew’s presentation in my previous posts covering Mathew’s appearance at Third Tuesday Toronto #3TYYZ and Third Tuesday Ottawa #3TYOW.