When the wheels come off, rebuild

Oh how the mighty are falling....continue to fall... or are on there way to falling hard. You get my point. Mainstream media outlets continue to believe in a failed business model that doesn't address the realities of online information. For the past several years, we've watched as other new-media groups are able to maintain a more effective silo of news content (by trolling and pirating content), and more often than not, when they repackage it, it's just as compelling as some of the premier outlets (ie, major city news outlets, etc.). Sooo, it's nice to see a major high-end magazine change it's model before all the wheels come flying off (even if it's a year or two too late).

Newsweek announced that they are completely changing their business model and strategy. They will still deliver a print version (although it will undergo a massive redesign), but will also broaden the online content and cut certain elements, such as entertainment. Its new site just launched on the 15th. Check it out... it's a step in the right direction.



-posted by Justin