Oh My - OhmyNews having financial trouble?
Steve Safran November 2nd, 2006
I often show the S. Korean site OhmyNews.com as an excellent example of citizen journalism (or participatory journalism or whatever we’re calling it today.) But BusinessWeek reports the site is going to lose money this year, after a few years of only modest profits. OhmyNews is very influential - but that hasn’t yet translated into a move into other countries. There is no question that grassroots journalism will need money to survive. The question is how it will keep momentum going and whether it will find a business model. I’m sure you’ll have a lot of thoughts about this one, so check it out. (Off the top of my head, I can think of three fellow bloggers who will have plenty to say.)
5 Comments Add your own
1. flotsam | November 2nd, 2006 at 5:45 pm
a CJ site in financial difficulty? why are you surprised?
what is lacking in the cj space and in the ipod space among others is a workable business model.
all that buzz and zero real revenue potential.
you purists need to move from “love of the game” to “understanding of a business” and then you would be less wide-eyed and surprised when a “child” you love(d) turns out to be a non-performer.
wake up and smell reality. if you are going to consult and offer advice, offer it based on real world potential rather than “gee ain’t this neat.”
coffee IS ready. smell it please.
2. thedetroitchannel | November 2nd, 2006 at 6:16 pm
why such a dick?
3. flotsam | November 3rd, 2006 at 9:08 am
’cause it’s fun to stick pins in balloons…and watch the air go out of them…
4. thedetroitchannel | November 3rd, 2006 at 9:58 am
you must be a riot at kids birthday parties!
5. Sam | January 18th, 2008 at 7:39 am
Wow, thanks for the excellent information!
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