Journalism has become a very difficult business. Through recent changes in technology and business approaches, the whole industry is gradually becoming unsustainable. What is there to do?
I’m all for the free flow of information. That’s the driving force behind VentureBreak and much of what we do. But that alone is not enough to build a lasting business. It’s been said that for every seven dollars of print advertising there is only one dollar of online ad revenue.
Just a year after Bloomberg News was reportedly targeted by Chinese hackers, The Wall Street Journal and The New York Times have both independently published reports suggesting that they are also being probed. Both organizations believe it’s part of a larger scheme, with Chinese hackers sifting through newsgathering systems of outlets that are reporting on touchy subjects. “The attacks appear to be part of a broader computer espionage campaign against American news media companies that have reported on Chinese leaders and corporations,” writes the Times.
On Friday, the news broke that CNET had been forced by its parent company CBS to remove the Dish Network’s Hopper set-top box from its “Best of CES” awards due to ongoing litigation between the two companies. CBS has been battling Dish Network over the Hopper’s ability to skip over commercials automatically (NBC, ABC, and Fox are also taking legal action).