Tag Archives: micropayments

June 23-25 “congress” gathering aims to establish trust, identity, commerce services for news

COLUMBIA, Mo. — Three U.S. newspaper trade groups and the Donald W. Reynolds Journalism Institute are teaming up to seed ideas and a possible solution to how news and other information can be managed and sold online.  “From Blueprint to Building: Making the Market for Digital Information,” is being billed as a three-day “action congress” to discuss issues of trust, identity and Internet information commerce.

 The June 23-25 event at the University of Missouri-based research center will include unveiling of a 148-page business plan for a proposed news-industry collaborative, according to Bill Monroe, director of the Multistate Digital Task Force, an ad-hoc group formed by state press associations in Missouri, Kansas and Iowa with support from several other state trade groups.

 Details of the public event, and links to participant registration, are at http://www.infotrust.org .

 “This is not a conference, or a summit,” says Bill Densmore, a consulting researcher to the Reynolds Journalism Institute. “ It’s a public congress of news and information service providers — organized by U.S. state press associations. The intention is to move beyond talk, and to launch one or more enterprises or collaboratives.” Reynolds is an ideas-experiments-research center affiliated with the nation’s oldest journalism school, at the University of Missouri.

 Densmore said the gathering has two intentions:

  •  Consider establishing a non-profit collaborative that will specify standards, platforms and protocols for a digital information marketplace; supporting investment and partnering with operating companies and,
  • Define and start raising money for an operating company or association that answers to, and primarily serves and benefits, all America’s newspapers — and is focused on profitably sharing, protecting and managing their digital content. Monroe, who is working from the Iowa Press Association in Des Moines, said the working name for the new entity is the American Newspaper Digital Access Corp.

“Newspapers are working to make the transition from a product-based culture — the daily paper — to a service-based one — helping people manage their privacy, identity and information needs in a web and mobile ecosystem awash with more information than we can intelligently assess,” says Densmore. “News organizations need to become our trusted  information valets  rather than our information gatekeepers.”

“From Blueprint to Build,” is an outgrowth of a December, 2008, summit also convened by the Reynolds Journalism Institute as part of a fellowship undertaken by Densmore called the Information Valet Project.

AUDIO: Google CEO addresses newspaper publishers in San Diego: On payments and ads

Google Inc. CEO Eric Schmidt delivered the closing address on Tuesday (April 7) to the Newspaper Association of America convention in San Diego. The talk was sponsored by the Donald W. Reynolds Journalism Institute at the Missouri School of Journalism. Click on the link below to go to and launch the audio, or download an MP3 podcast for offline listening. (54 minutes, 13MB) (The sound of keyboard clicking stops after the first few minutes)

CLICK HERE TO LAUNCH STREAMING AUDIO

The Poynter Institute website published a transcript of the Q&A portion of his appearance:
http://www.poynter.org/content/content_view.asp?id=161441
And here’s the script of the Cover-It-Live real-time blogging of his talk:
http://www.newshare.com/ivp/google-schmidt.pdf

 The first question in San Diego at the NAA closing to Google CEO Eric Schmidt was asked by RJI’s Roger Gafke. Here is the exchange:

ROGER GAFKE: You have mentioned the importance of advertising as the future but in your opening remarks you mentioned a bit about micropayments and subscriptions. Would you elaborate a bit on each of those other potentials?
ERIC SCHMIDT: I think you are going to end up with all three. An analogy I would offer is television — there is free over-the-air-television, there’s cable television and then there’s pay television. And they have smaller markets as you go from free to more highly paid. And that structure looks to use like roughly the structure of all of these businesses. Today there are very effective subscription-based models, but there are not very good micropayment systems, micropayments meaning 1-cent, 3-cent kinds of systems. They clearly need to be developed by the industry. So I think from your perspective you should assume that your information, if there is a category of information that you all produce that you’ll want to distribute free — freely — there’s a category of information that you’ll want to distribute on a per-click basis and then there’s some of it you’ll want subscription for. The reality [is] that in this new model, the vast majority of people will only deal with the free model and so you.ll be forced whether we like it or not, to have a significant advertising component as well as a micropayment and a traditional payment system. The technology around micropayments is getting to be possible now. The transaction costs were so high before that you couldn’t do the one-cent, three-cent kind of a model. It looks like the new technologies around aggregation will allow that at the payment level.