I’m starting a new feature called Required Reading. I already offer what I call the Media 2.0 Reader (in the sidebar) that tracks selected reading from around the web (via Google Reader). Required Reading will represent the best of the best. Frankly, I wish I’d written these pieces!
Today, two pieces of Required Reading with an economic perspective:
The Declining Power of the Firm
I’m already a big Umair Haque fan, and in this post Wilson pulls from a recent Haque piece and then extends it into issues swirling in the Microsoft / Yahoo! / Google / AOL story. What does it mean to public media? Well, the economics of the emerging edgeconomy are fundamentally what’s shattering the foundations of the mass media market in which we historically operate.
Rosenblum’s writing is provocative and intelligent. You don’t have to agree, but you do have to confront his ideas. In this case, Rosenblum takes on the notion that new media services only pull in a fraction of their old media forerunners. He acknowledges the situation, but points out how new media also costs far less to produce than old media, in particular with respect to overhead costs. Given that many in public media work in large and expensive legacy facilities — especially in pubTV shops — this lesson will be increasingly critical to learn and then to turn into real-world practice.
If you’re interested in wider-ranging readings across the web, you can follow my Media 2.0 Reader via RSS or by e-mail subscription. By the way, I’m always on the prowl for more and better sources of ideas and material related to new media, social media and public media, so be sure to share your recommended links.