Headline, July 28 2021/ ''' '' THE -STUDENTS' ECOSYSTEM- TAP '' '''



WITH ALMIGHTY GOD'S BLESSINGS BY 2035 - over 1 billion plus students will honor and grace the World Students Society. And we are projected to have over $700 million in solid revenues.

Do I hear an applause and an ovation from President Joe Biden, PM Jacinda Ardern, from O''Captain PM Imran Khan, and PM Justin Trudeau and all the rest of the world leaders?

ON THE WORLD STUDENTS SOCIETY'S TO-DO-LIST nothing delights me more, than to ask some very important and some very far reaching questions of the Heroic Global Founder Framers. Here's one:

''Well Rabo, Dee, Salar, Haleema, Hussain, Hamza, Zaeem, Danyial : 'What are our main challenges? And how do we create new strategies? How do we build a sterling environment and a great set of opportunities for the students?' ''

FACEBOOK RECENTLY MADE ITS FIRST VENTURE INTO the burgeoning industry of paid subscription newsletter, in a bid to court the growing numbers of writers leaving traditional  publications for start-up newsletter platforms like Substack and Revue.

The goal of the new service, called Bulletin, ''is to support millions of people doing creative work,'' Mark Zuckerberg, the chief executive of Facebook said.

A newsletter about newsletter is, I recognize, an unseemly proposition at best. But Silcone's Valley's investment in the business model could have far reaching implications : ''History has shown that economic basis of American journalism is deeply entangled with its style and tone,'' Michael Soclow, a journalism professor at the University of Maine, wrote last year about the rise of Substack.

''When one one primary revenue source replaces another, much larger evolutions in the information environment occur.''

What evolutions, then, can we expect if companies like Facebook and Substack succeed in their goal, and how will they affect the health of the free press? Here's what people are saying

The concept of niche, subscription-based news and commentary isn't exactly novel. As Socolow explains, it bears a resemblance to early 19th-century journalism, when newspapers were subsidized largely by political parties and elite readerships.

.- In the 1830s, publishers started to rely on advertising revenue and new printing technology to lower their prices : 1 cent an edition, sold on the street. By broadening journalism's audience, the primary press paved the way for the modern print newspaper.

.- Then of course, came the Internet. In the past two decades, most of the advertising revenue used to underwrite traditional news was captured by Google and Facebook, casting the industry into crises. Between 2008 and 2019, U.S. newspapers lost half of their newsroom employees. Local news coverage, in particular, has collapsed.

The fallout : ''A growing body of research has found that government is worse off when local news suffers,'' Joshua Darr writes in  FiveThirtyEight. 

''In fact, inadequate local news has been linked to more corruption, less competitive elections, weaker municipal finances and prevalence of part-line politicians who don't bring benefits back to their districts.''

THE CREATOR ECONOMY has been hailed as a solution - or part of solution - to this crisis. ''Digital media might be moving away from a model where creators toil for free, trying to accumulate as many followers as possible and some how earning a living through ad-revenue or product placement,'' Oscar Schwartz writes in the Guardian.

''We seem, rather, to be approaching what Kevin Kelly calls the 1,000 true fans principle : If you find 1,000 people who will pay you for what you create, you can make a living as an independent creator.''

For some journalists, ideological and editorial independence from the strictures of professional newsrooms is the newsletter model's primary selling point. But the money can be its own draw:

The journalist Glenn Greenwald, for example, has been estimated to make between $80,000 and $160,000 a month after Substack takes its 10 percent cut - far more than most journalists make in a year.

[Revue, which was acquired by Twitter this year, takes a 5 percent cut, while Facebook is offering to forgo fees at launch.' Other writers, like the Vox co-founder Matt Ygelesias, are offered six figure advances to migrate to the platform.

Readers, in turn, are promised a more intimate connection to their favorite writers, unfettered and unfiltered.

[In the words of Politico's Jack Shafer, ''Partaking of a Substack column can be like drinking cow's milk straight from the teat instead of waiting for it to be pasteurized, homogenized and bottled by the dairyman.''] Sunstack and Facebook have also pledged to invest millions of dollars in local journalism.

The Substack model has no shortage of skeptics. ''A robust press is essential to a functioning democracy, and a cultural turn toward journalistic and individual might not be in the collective interest,'' Anne Weiner argued in The New Yorker last year.

''It is expensive and laborious to hold powerful people and institutions to account, and, at many media organizations, any given article is the result of collaboration between writers, editors, copy editors, fact-checkers and producers.'' Most of the journalism that thrives on Substack is commentary, which is often cheaper than news to produce.

Welcome to Sam Daily Times : ''The Voice Of The Voiceless'' - the Master Global Newspaper of The World Students Society, most lovingly and respectfully called, !WOW!.

The Honor and Serving of the Latest Global Operational Research on the Rise of Creators Economy, continues. The World Students Society thanks author Spencer Bokat-Lindell.

With respectful dedication to the Students, Professors and Teachers of the World. See Ya all prepare and register for Great Global Elections on The World Students Society -for every subject in the world-  :  wssciw.blogspot.com and Twitter - !E-WOW! - The Ecosystem 2011 :

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless


Post a Comment

Grace A Comment!