Tag Archives: chris anderson

Out of Print: Prosumption and the Triumph of New Media

by pj.rey

President Obama recently gave a eulogy for the legendary news anchor, Walter Cronkite, on which occasion, he delivered the nation this message:

We know that this is a difficult time for journalism. Even as appetites for news and information grow, newsrooms are closing.  Despite the big stories of our era, serious journalists find themselves all too often without a beat.  Just as the news cycle has shrunk, so has the bottom line. [...] Naturally, we find ourselves wondering how he would have covered the monumental stories of our time. In an era where the news that city hall is on fire can sweep around the world at the speed of the Internet, would he still have called to double-check?  Would he have been able to cut through the murky noise of the blogs and the tweets and the sound bites to shine the bright light on substance?  Would he still offer the perspective that we value?  Would he have been able to remain a singular figure in an age of dwindling attention spans and omnipresent media?

The president waxed romantically about the old media and spoke with the sort fondness that one expects at the funeral of an old friend (or cherished institution).  He was hopeful about the future of conventional media.  But, eulogies are a post-mortum affair.  And, for all the president’s accolades, “the murky noise of the blogs and the tweets and the sound bites” appear to have won the day.

In fact, these days, one can hardly avoid stories about the death of print media.  Last December, the Chicago Tribune filed for bankruptcy. Shortly thereafter, Michael Hirschorn warned that “End Times” might be drawing near for the America’s paper of record.  A recent article reports that the crisis is spreading to other forms of conventional reporting such as photojournalism.  Michael Bowden has even gone so far as to announce that we have entered a “post-journalistic age.”

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weightless capitalism

by nathan jurgenson

800px-Google_wordmark.svgGoogle announced that its new operating system, Chrome OS, will be free of charge. Further, it is designed to operate in the “cloud,” meaning that most of its functionality will exist online, using internet applications like GMail and Google Documents instead of programs installed on a hard drive (as Windows does). The free cloud-based operating system is designed to run on smaller, lighter “netbooks” -a bright spot in the computer market in these tough economic times. I previously wrote about the transumer and virtual goods as evidence of Zygmunt Bauman’s liquidity thesis that exchange online is following a lighter and more fluid path. These developments further underscore the relevancy of Bauman’s thinking, and beg the question: is the digital economy approaching a sort of ‘weightless capitalism’?

Chris Anderson’s new book, Free, tackles just this sort of emergent business trend online. The marginal cost to produce digital items approaches zero because microprocessing, storage and bandwidth are increasingly cheaper. Another factor that applies to many Web 2.0 companies is that much of the content production is out-sourced to the consumers. That is, we are the prosumers of Facebook because we are simultaneously the producers and consumers of it. The result is that we do not have to directly pay to use Google’s services, or for things like Facebook, Flickr, Yelp and so on.

When products are free and labor is often done without pay, we have near-weightless capitalism.

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