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Revision as of 00:08, 17 March 2009 by Bill Densmore (talk | contribs)

Challenge: How to sustain values, purposes of journalism?

  • Mass markets splintering
  • Search advertising effective competitor
  • Classifieds done better on the web
  • What sustains journalism in that environment

News as a service not a product

  • Helping user find access to info from anywhere
  • Creating a conversation, community ... network
  • Not just about the story; smaller, larger remix
  • The news social network
  • New concept: The "InfoValet" -- trusted advisor/broker
  • But how to be rewarded

Making the market for digital information -- HOW?

  • Consumer user establishes account with InfoValet
  • Shares as much demographic, preference info as desired
  • This information shared among multiple participating sites
  • Records of activity logged, aggregated to InfoValet, purged
  • Establishes "shared-value network" for commerce, service

Making the market for digital information -- ADVERTISING

  • Rewards for activities, viewing ads, sponsored material
    • Example: The Ford Explorer PDF download
    • Advertising network based on interest not inference
    • Higher CPMs for the news industry
    • Consistent with Federal Trade Commission privacy guidlines

Making the market for digital information -- NEWS/CONTENT

  • Shared-user network for news-oriented social interaction
  • Subscription access to multiple websites (cable model)
    • Access by time, or bundle
    • Economic purchasing on a per-item basis (music, video, text)
  • Enables "public radio model" too (Kachingle, others)

Benefits to consumers/users

  • One account, one ID, one password, (one bill or reward)
  • Personalized service over a network of sites
  • Demographic privacy portable, trusted (no more crumbs everywhere)
  • Rewards for sharing info (like the supermarket card)
  • Access to "deep web," premium, personalized content
  • Freedom of choice in picking InfoValets (unlike PayPal, etc.)

Adoption strategy: Journalism Trust Association

  • Non-stock, non-profit JTA guides early years
  • Non-competitive ownership, trusted control
  • "Founding members" advise early decisions
  • Broadly representative board gradually enlarged
  • Controlling owner of InfoValet Service Corp.

InfoValet Service Corp. -- Convenor, integrator

  • For profit LLC or L3C / controlled by JTA
  • Convenes industry around specific system
  • Makes/enforces rules for use of InfoValet logo/service