Special: The new news model (black &white)

Bambi Francisco Roizen · June 30, 2008 · Short URL: https://vator.tv/n/2c4

Topix CEO Chris Tolles is our guest host; Intense Debate, NowPublic

The news business has changed dramatically in the last 50 years, since the days of pioneer TV news broadcaster Edward Murrow, who delivered his segments with cigarette in hand and opened and closed his newscasts with his signature phrases: "This is CBS" and "Goodnight and good luck." In this smoking, black and white episode of Vator Box, we bring you back to those days (well, at least we try). And, who better to be our guest host than Chris Tolles, outspoken CEO of Topix, a local news site whose content is 85% user-generated with 125,000 comments posted daily. John Shinal, veteran journalist and Vator managing editor also joined us. Get two guys passionate about the imploding news business and you get a lot of fireworks and sideswipes. 

In this episode we look at two companies - Intense Debate and NowPublic - changing the news paradigm, not so much for the companies themselves, but for their participating in ushering in those changes. Both companies are shaping the way individuals and society are interacting with one another and interpreting the world.

The comment generation 

We started with Intense Debate. Why? We think comments or the business of aggregating comments is a big deal and a game-changer in the news business. Talk about a heated discussion on Vator Box! Clearly, it's a busy sector. Both John and Chris lashed out about the competitive landscape, pointing out that it was unclear exactly what this company was doing differently than Disqus and coComment. Chris questioned the business model. If Intense Debate was powering a bunch of small blog sites, "it's not going to be powering enough pageviews," said Chris. Ezra Roizen, Vator Box regular, asked: "Is this a site to help publishers? Or, is this a site to pull people off and put them on their own sites?" 

To the credit of Intense Debate, it is helping to usher in a significant trend, which John pointed out. "There is a broad trend toward putting comments on equal footing as blog posts," John said. Essentially, bloggers were a response to mainstream media. Now, the readers of bloggers are responding to the bloggers. As John said, "Their (bloggers) own readers are becoming supplemental to bloggers."

We all agreed that comments are increasingly the place where the action is. Who's commenting is more interesting than the piece itself! The question is: Will smart and chatty people gravitate toward a great piece of content? Or, will they go to sites where they think other smart and chatty people hang out?

Crowd-sourcing and citizen journalism 

We then turn our attention to NowPublic, a crowd-sourcing news site based in Canada. Founder and CEO Leonard Brody calls NowPublic the "largest citizen journalist network in the world," in his video pitch. John threw a zinger at Chris, saying that he thought Topix was. Chris responds in an upstanding way, but then rips into the NowPublic model. "Their big problem is distribution," he said. "I think the challenge is getting to a critical mass of the audience... They say they have 130,000 contributors... is that regularly or once... You got to look at regular usage."

As a veteran journalist, John is shaking in his boots. "The idea of first, on-the-scene reporting is a huge trend," he said, referring to the China earthquake, which was first reported on Twitter. 

Ezra raised a challenge for NowPublic, which is matching first-hand reporting about stuff with an audience. "People Twittering about China, that's a broadly interesting piece of content," he said. "If someone is Twittering about should gas stations sell beer past 10... or something very local, that's incredibly local content that only a small audience is interested in."

Chris concurs, adding that it's hard to get an audience in a five-block vicinity.

The three have a lot more advice, and opinions - as this was the most opinionated Vator Box yet. So, I won't give it all away. You'll just have to watch. Oh, and please don't be shy about sharing your opinions and commenting. Whoever points out the exact time when a shirt almost catches on fire, gets a prize.

Image Description

Bambi Francisco Roizen

Founder Vator, Managing Partner - Vator Investment Club; Former Columnist/correspondent Dow Jones MarketWatch; Business anchor CBS affiliate KPIX

All author posts

Read more from our "Vator Box" series

More episodes

Related Companies, Investors, and Entrepreneurs

IntenseDebate

Startup/Business

Joined Vator on

Super-size your comments!  By offering persistent identity, reply-by-email, and integration with social networks, IntenseDebate helps publishers engage their readership.  The result: commenters have a richer experience, and publishers see a dramatic jump in page views!

The Intense Debate comment system is built to enable conversation within the comment section. No longer do you have to try to follow the maze of conversations happening in the comments by means of "@ username" or "@ comment number". With Intense Debate the comments are threaded, allowing you to reply directly to an individual comment. The replies are then indented at different levels to make it easier to follow the various conversations.

 With Intense Debate, a user can set up an avatar to be shown whenever they make a comment on every site we power. Also find out more about the other commenters around you. Every user has a menu button providing links to their blog(s), profiles on other websites, and rss feeds of their comments. It's never been easier to connect with the other members of the conversation.

 

 

nowpublic

Startup/Business

Joined Vator on

NowPublic started a little over a year ago under the premise that the majority of mainstream media have lost the ability to do proper first at the scene reporting. Most of the world events that were worth catching were happening outside of the media's reach but today because of the proliferation of digital cameras, camera phones and the web, we're now at a place where general people like you and I are actually catching the most important news today. We created a property service where we could deliver content from an army of virtual reporters, as well as where people and organizations could ask for content through the system as well. Today we are now actually the largest eye witness news network in the world with about 23,000 reporters in over a hundred and thirty-five countries.