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Excellent primer for anyone who wants to understand how to make a living doing journalism today. It's not just about stories anymore.
"Notice the word I just used: "assets." To me, that's the word that should replace "stories" in your vocabulary as a journalist. Too many of the journalists I've seen try to make the transition to running their own blogs and websites remain mired in the "story" mindset, endlessly creating newspaper-style "stories" or even brief-length snippets for their blogs. But they fail to create assets of enduring value that ultimately provide the income that they need to remain viable businesses online.
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"Leading up to Yahoo agreement, AP CEO Tom Curley said the cooperative was considering whether to separate its online content into different tiers so exclusive stories might cost more than breaking news reports widely available elsewhere on the Web. The Yahoo deal doesn't include such a tiering provision, according to a person familiar with the agreement, speaking on condition of anonymity because of a nondisclosure clause in the new contract.
"…Yahoo also has formed a business bond with the U.S. newspapers that own the AP. More than 800 U.S. newspapers have joined forces with Yahoo to sell more advertising on their Web sites.By contrast, many publishers believe Google has profited unfairly from their newspapers by drawing upon snippets of their stories to attract more traffic to its dominant search engine so it can sell more of the ads that generate most of its income."
