News or Not?

Posted by Tom Gable

In journalism, there has always been a tension between getting it first and getting it right.

– Ellen Goodman

The quote from the Pulitzer Prize winning columnist is cited here to establish a framework for a response to a recent Harvard Business Review blog by Joshua Gans that “Facebook is the largest news organization ever.”

He writes:

“News organizations do two major things, commercially speaking: they use news to grab attention and then sell that attention to advertisers.”

Gans says Facebook provides a platform whereby individuals became reporters, editors, and publishers. But a lot of what is being communicated is trivia, such as commuting delays, bad food experiences, hassles with the job and a sick child. People joke, whine and commiserate. They post opinions.

Gans asks the rhetorical question on who would be interested: you and your friends and family. So what? This lures advertisers to Facebook who can target ads to pop up when you, your family and friends are communicating.

I’d argue that Facebook is a powerful platform for communicating in many ways about anything. Some news may exist that appeals to broader audiences, but most of what pops could be called the digital equivalent of the coffee klatch (or an extended version of The View).

If one goes to Anwers.Com or Dictionary.Com

Noun

1. New information, especially about recent events and happenings: advice (often used in plural), intelligence, tiding (often used in plural), word. Informal scoop. See knowledge/ignorance, words.

2. Something significant that happens: circumstance, development, episode, event, happening, incident, occasion, occurrence, thing. See happen.

Professional journalism traditionally aims for accuracy, enlightenment and fairness. Some Bloggers and Twits claim to practice citizen journalism, which others dismiss as fluff, hype and churnalism. Legitimate media, including top bloggers, post corrections and updates when stories are wrong. Doing a search for corrections on Twitter doesn’t turn up much. Younger consumers of news and information may have difficulty discerning the difference between professional journalism and faux fast news. The race to be first is having an impact on financial news coverage as well.

Tim Carmody, in a piece titled “Twitter, tech bubbles, and the nostalgia of the technology press” for Nieman Journalism Lab, wrote that the technology press is getting pushed in new directions and helping inflate bubbles, “worrying over them, and watching them burst.”

“ What is new, according to Federated Media’s John Battelle and Thomson Reuters’ Connie Loizos, is how the accelerated news cycle of blogs, Twitter, and other digital media forces the technology press to work at the same speed as the investors they cover — with the same worries about getting in early and beating competitors trumping the real value of the product. In this case, though, the product is their own journalism.”

Carmody quoted an email from Loizos about Twitter and Quora spreading good and bad information equally quickly, and in volume. “The first story out wins.” She notes that journalists no longer compete against one another but “also against savvy investors and entrepreneurs who know they can reach just as broad an audience by delivering their news themselves via Twitter and their blogs.”

Battelle commented that Churnalism is a much bigger problem than just press releases and wire stories. It’s everywhere — and creating an echo chamber unprecedented in its size and reach.

Carmody wrote:

“…blogs and social media offer both entrepreneurs and journalists new modes of engagement with each other and a different kind of conversation with their readers. At the same time, the demands of traditional news formats can actually push us into stories that privilege new forms of manipulation. Reporters seeking a news peg for an analysis-driven story about a popular company can find quotes from blogs, Twitter, or Quora as easily as they can from a company’s press release, putting the same texts and voices into circulation.”

Whom do you trust?