Welcome to the NewBizNews Summit

Posted on 09. Oct, 2008 by in Uncategorized

Welcome to the New Business Models for News Summit at the CUNY Graduate School of Journalism, held on Oct. 23, 2008 and funded by the MacArthur Foundation with followup work funded by the McCormick Foundation.

We at CUNY believe that finding, sharing, and creating new business for news is an urgent need in journalism – perhaps our most urgent need. We have called this summit to begin doing just that, bringing a diverse group of editorial and business executives, entrepreneurs, and academics to the school.

The day begins with informational and perhaps inspirational talks from people who are creating and implementing new models. Samir Arora of Glam and Tom Evslin of Fractals of Change will talk about new network models for media and business in the connected internet. Edward Roussel of the Telegraph and Dave Morgan of Tennis (and founder of Tacoda) will explore new structures for news companies – e.g., spinning off or outsourcing what once were core tasks but are now costs burdens, such as distribution, production, and even sales.

We will have two lightning rounds of presentations by entrepreneurs and executives who are executing new models. We will list those on the agenda.

In the afternoon, we will move into Aspen-Institute-like sessions in five groups, each charged with coming back with specific models, suggestions, and needs:

* Network models for news

* New structures for news organizations

* New structures for news operations (newsrooms), including new efficiencies and new focus leading to new job descriptions.

* New revenue models for news – advertising and more and what is needed to support these new models

* Public support for journalism – there are no white knights but can the public (in the form of foundations, corporations, and individual contributions) help support elements of journalism?

The groups’ leaders and rappateurs will return to a closing plenary session to share their work. And then we break out the well-deserved wine.

There will be ample time at lunch and breaks to talk, followup with entrepreneurs and executives who have presentations, and network.
We at CUNY will also ask for a charge from the group for the continuing work of the New Business Models for News Project.

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