Tuesday, March 16, 2010

Stocks and Sectors

Delivering Hot Stock Picks

Mathew Ingram submits:

The recent cuts at the Washington Post (WPO) — as reported by Politico and Washington’s City Paper — have once again brought to the surface a culture clash that has been going on in mainstream newsrooms for most of the last decade, and one that shows no sign of ending any time soon. If anything, the economic upheaval and advertising-revenue tsunami that has hit the media industry over the past year or so has amplified it. It’s the clash between print-heads and Web-heads, or “real” journalists (as some choose to call them) and the “web-first” crowd, and the fear expressed by some — including former WaPo online staffer Derek Willis and former online executive editor Jim Brady — is that the printies are gaining the upper hand.

You can see the fault lines of this snaking through the comments on the City Paper piece, where one commenter talks about how the website “was doing nothing more than posting the print articles, and hosting some online chats,” while the “much-despised MSM reporters and editors were crammed together into an old, crappy space while actually doing the business of obtaining information and writing it.” Another talks about how “All this bla bla bla about presentation, aggregation and innovation will be all that’s left once there are no more reporters churning out actual stories.”


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