From Bill Keller, executive editor of The New York Times:
“Aggregation” can mean smart people sharing their reading lists, plugging one another into the bounty of the information universe. It kind of describes what I do as an editor. But too often it amounts to taking words written by other people, packaging them on your own Web site and harvesting revenue that might otherwise be directed to the originators of the material. In Somalia this would be called piracy. In the mediasphere, it is a respected business model…
Last month, when bought The for $315 million, it was portrayed as a sign that AOL is moving into the business of creating stuff — what we used to call writing or reporting or journalism but we now call “content.” Buying an aggregator and calling it a content play is a little like a company’s announcing plans to improve its cash position by hiring a counterfeiter….
There is no question that in times of momentous news, readers rush to find reliable firsthand witness and seasoned judgment. (In the first hour after Mubarak fell, The Times’s Web site had an astounding one million page views, and friends at other major news organizations tell me they enjoyed a similar surge.) I can’t decide whether serious journalism is the kind of thing that lures an audience to a site like The Huffington Post, or if that’s like hiring a top chef to fancy up the menu at Hooters. But if serious journalism is about to enjoy a renaissance, I can only rejoice. Gee, maybe we can even get people to pay for it.
- Excerpts from NYTimes.com
(And I make no income aggregating this story)