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Essay
Intro
By the Project for Excellence in Journalism
Look into cyberspace and the picture for journalism seems
fractured. There is real hope in the numbers of people who
seek news online, particularly the young, a group that shows
scant interest in traditional media. The capability of people
to get what they want when they want it, and to manipulate
it, edit it and seek more depth, could bring a needed revival
to journalism. The economic numbers are also growing - and
dramatically - each year. Yet look at the content offered
in online journalism in 2004 and there are signs of frustration,
lack of innovation and the caution of the old media applied
to the new.
The audience for online journalism is still growing - a little.
And in the future, the likely growth in broadband and the
heavy orientation among the young toward the Web suggests
that growth will continue and maybe accelerate again. The
Web - and a converged multimedia news environment - seem more
clearly than ever to be journalism's future.
There is more evidence than before, too, that the Web is
taking viewers away from television, and that people who read
newspapers are doing that increasingly on-screen rather than
in print.
Online news is also beginning to make money, though no clear
economic model as profitable as the old media's used to be
has yet emerged. There were new signs heading into 2005 that
competition for revenues would get even tougher as sites like
Craigslist, which offers free classifieds and draws four million
visitors a month, gain popularity and drain some of the highest-margin
revenues from newspapers.
If the innovative edge for online media is to come from great
media institutions with their resources and experience, the
signs so far are disappointing. The content they offer on
the Web, while improving in volume, timeliness and technological
sophistication, remains still significantly a morgue for wire
copy, second-hand material and recycled stories from the morning
paper.
That jibes with evidence that despite growing profits and
audience, most news organizations were limiting resources
in 2004. They seem to be taking a pay-as-you-go approach to
the Web, and since online ad rates and margins lag those of
the old media, there seems little prospect for robust growth
of the journalism at their sites.
Maybe the innovation will be left to citizens, entrepreneurs
and bloggers who see themselves - perhaps mistakenly - as
working in opposition to mainstream journalism. If so, the
online trajectory is doubly problematic: The energy is coming
from sources with a dearth of journalism essentials like verification
and editing. Meanwhile, the economic base supporting the most
difficult and expensive journalistic undertakings is eroding.

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