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Canada’s for-profit news cloud
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by YankeeJim | July 5, 2010 at 04:05 pm
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That’s what it sounds like to me. The entity that has served the country since WWII and is “owned” be several entities can become a for-profit service that I characterize as a news cloud.
If the CP adopts that notion, they would propel themselves into a new paradigm, an information and information technology sharing paradigm that could become globally competitive.
It is more than a name. Somebody should call Don Tapscott and ask him to explain it, or call me.
“Canadian news service to seek profits
The Canadian Press (CP), the newswire service that has been coping with mounting financial challenges, may switch from being a not-for-profit industry co-operative into a profit-seeking business.
Under a tentative deal that requires government approval, the CP would be owned by its three largest current members: CTVglobemedia, which owns the Globe & Mail; Torstar Corp (Toronto Star publisher); and Gesca (La Presse).
The service, which began as a way to distribute reports from the front line back to Canada during the first world war, has since stitched the country together by distributing news from the smallest communities to the largest cities.
Financial difficulties in recent years, created in part when members of the co-op dropped out, led to discussions about restructuring so that the service wasn't dependent on member contributions for its operating costs.”
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Most RecentMost Recommended Comments (5)
at 07:11 on July 6th, 2010
Don't like that idea, I guess.
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anymoose (not verified)at 07:43 on July 6th, 2010
maybe those who create profit will want to write news or influence news choice?
at 15:59 on July 6th, 2010
They have been doing that since before Randolph Hearst.
at 16:11 on July 6th, 2010
A news service provider won't sustain on public donations.If expences go up and donations down,the choice is limited.Either down the shutters or bury journalistic ethics for profit,the new religion of the Corporate God and Greed.
at 15:43 on July 8th, 2010
I am very concerned. I think we writers at NowPublic and elsewhere are demonstrating that we have a command of thinking. I believe that we might be able to better manage our product than our handlers. Most of the companies are founded by technologists. They need to communicate more with business people to determine how to maximize return on precious assets.
Talk with me if you get this message through your think heads.