What’s Wrong With The Media Industry?
Edited by Filip Lau
The media industry is undergoing a seismic shift. In the U.S. newspaper advertising revenue plummeted 46 percent while European companies found new models by adding clubs and commerce. Book publishers are fighting over royalties for e-books and with Google over copyrights. Magazine publishers, crushed from a recession that destroyed a business model built on glossy ads, are licensing brands, adding e-commerce, and making sponsorship deals. Who’s on track?
For years people have been lamenting the death of newspapers—and have been offering all sorts of fixes to save them, from changing the copyright laws to keep online aggregators from rebroadcasting the news to encouraging newspapers to adopt the not-for-profit model.
ReD’s Millie Arora talks to Cheddar producers live from the trading floor of the New York Stock Exchange, about Generation Z’s pragmatic approach to money and personal finance.
While on a Sensemaking book tour in Japan, ReD Associates Co-Founder Christian Madsbjerg sat down with Diamond Harvard Business Review’s Special Editor-in-Chief, Yuka Yamazaki to share the origins of ReD’s sensemaking process, why it requires human intelligence (not AI), and what sensemaking can do for businesses both in Japan and elsewhere around the world. This is a translation from the original Japanese interview.