By Eric Newton, senior advisor to the president at Knight Foundation
Cross posted from KnightBlog.org
What four qualities does a media business model need to succeed? In this interview, Eric Newton, senior adviser to the president at Knight Foundation, explains the four “C”s of Community Media and the new skills required to succeed as a “media maker” today. The interview, conducted by Michelle Foster, was done for the newest edition of “Empowering Independent Media,” a publication produced by the National Endowment for Democracy’s Center for International Media Assistance (CIMA). The following is an excerpt:
Michelle Foster: …Which business models do you see emerging that seem most likely to be able to help support independent media in developing and emerging countries?
Eric Newton: Business models need to match the realities of the local media ecosystems where they intend to operate… In general, all models have four successful elements: relevant and credible content, appropriate technological connectivity, vigorous community engagement and innovation in seeking capital. Those are the four Cs—content, connectivity, community and capital…The most successful models tend to show more than one source of revenue. On the expense side, the model must match up with the revenues—trying to create a highly professional investigative reporting project on an annual budget of $25,000 a year simply may not work. But at that level, a volunteer citizen media project might be sustainable.
Michelle Foster: Given your long-term investments in media development, what best practices have you identified that help independent media become self-sustaining? How are those changing?
Eric Newton: Community engagement is a key… The content must engage people, the connectivity must engage them and when appropriate they need to be asked directly for money to help. News proprietors need to be able to clearly show the impact of the work. If people do not believe news and information matters, if they do not see the impact of journalism, it is difficult to establish and maintain professional media organizations…
Michelle Foster: What approaches seem least likely to work?
Eric Newton: Here’s a recipe for failure: Get all your money from an out-of-country source, create a media model that exists only in richer countries, use technology that’s too old or too new to reach people, become fixed in your ways and do not develop the capacity for continuous change. Be an editorial-only operation with no good business people and no good technologists. Don’t check your facts, write about things that don’t matter in ways that are difficult to understand, don’t allow for feedback of any kind and do not collaborate with anyone. You’d be surprised how many people try it that way.
Michelle Foster: What critical gaps in management and business-side skills have you observed among both traditional and new media?
Eric Newton: …We need more design, technology and business people in these operations, good ones who can iterate but also journalists who can “speak” tech, or who can understand business…We need differently taught journalist-programmers who can design high-tech platforms and differently trained journalist-proprietors who can run companies—renaissance people who can operate in different fields.
Michelle Foster: Going forward, how will these changes and gaps affect your Foundation’s investments in media development and training?
Eric Newton: The speed of change in digital media will continue to present significant challenges…Going forward, the reality is that no one really knows what the future will be. We know that the fair, accurate contextual search for truth will always be important. We know free expression is the social sunlight that makes civilizations prosper. We just don’t know enough yet about the new forms to settle in to larger decisions. In general, we have increased our journalism and media work and have advocated for other funders to do the same. It’s a critical transition in the history of news, the dawn of a new digital age, and we think investments now will have a good chance to show high-impact results.
The first edition of “Empowering Independent Media” can be found here. Eric Newton is a member of CIMA’s Advisory Council