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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b>…</b>> <b>On Behalf Of </b>William Flynn Wallace via extropy-chat<br><b>Subject:</b> Re: [ExI] what would any of us have done differently?<o:p></o:p></p></div><p class=MsoNormal><o:p> </o:p></p><div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Arial",sans-serif;color:#222222'>How can the legacy media companies pay all those people, many of them<br>expensive, when the internet offers news free? spike</span><span style='font-size:18.0pt;font-family:"Comic Sans MS";color:black'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:18.0pt;font-family:"Comic Sans MS";color:black'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>>…<span style='color:#222222'>People are suspicious of free things</span>…<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>Excellent! They should be. That is even better with free news. Make them inherently skeptical. When people buy news, they put too much trust in it. That didn’t work out too well for a lot of legacy news sources.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-size:18.0pt'>>…</span><span style='font-size:12.0pt;font-family:"Comic Sans MS";color:#222222'>Also - people will not respect things that are free</span><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>…<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>Good. They shouldn’t. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>>…<span style='color:#222222'> The more you pay the better it must be.</span></span><span style='font-size:18.0pt'> </span><span style='font-size:12.0pt;font-family:"Comic Sans MS";color:#222222'>bill </span><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>w</span><span style='font-size:18.0pt'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>For news, we want lots of variety, conflicting stories. Then we get to decide which was right.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>Regarding the news business, my favorite speech of all time was this one, Danny Devito, playing the greedy ruthless asshole in Other People’s Money:<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><a href="https://youtu.be/62kxPyNZF3Q">https://youtu.be/62kxPyNZF3Q</a><o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>It’s over 30 years old, but that message rings so true today. It is applicable to the news business.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>My speculation is that legacy news agencies must be suffering for the same reasons that Twitter1.0 crashed (or was crashing depending on how you look at it.) News can be crowd-sourced and crowds working free can do a better job than a few overworked professionals.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'>spike<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Comic Sans MS"'><o:p> </o:p></span></p></div></div></div></body></html>