ArabianBusiness.com - Middle East Business News
Thursday, 08 January 2009 09:28 UAE time

YOUR DIRECTORY /

Print this page Print this page | Email this to a friend Email this to a friend | Discuss this article (0 Comments) |

Digital media divide

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 30 November 2008

Wednesday, 26th November 2008 and various parts of Mumbai, India’s financial centre, were under siege from terrorists. As the siege began; Twitter, Flickr and other social media had first-hand accounts of the attacks as they were happening. Even a Google map (illustrating where all the attacks were taking place) and a Wikipedia page had been setup within hours of the attacks.

Many media ‘experts’ use evidence such as this to suggest that print has just about seen the end of its days. How can print ever compete with this degree of immediacy? Are the Mumbai attacks another example of how online media is trumping its traditional print counterparts?

Well, there’s no doubt that in many of the world’s top publishing houses, print publications are finding it more difficult to generate advertising revenue. It’s no secret that well-known publications, such as The New York Times, have experienced big drops in advertising revenue this year; and many analysts attribute this drop to the competition from online media.

Story continues below
advertisement

Yet it’s not the first time that print media has been challenged. In 1969, LIFE magazine had images of the first walk on the moon by US astronauts but the general public was more interested in watching the event live on television. LIFE battled to compete with television when it came to generating ad revenue, and many experts at the time pointed out that the fall of LIFE could be a sign of things to come for the print industry.

But many years on and magazines and newspapers are still around. Many magazines and newspapers adapted to the introduction of television by introducing more photos and shorter news snippets. Some magazines even capitalised out of the rise of television by producing television guides.

The affect television had on the print industry forms the basis of an argument, which suggests that print media will not just ‘disappear’ at the first introduction of an alternative medium that is taken up rapidly.

Can you imagine a world without newspapers and magazines? These mediums will most probably always be around. Personally, I think the web adds an additional choice to young media consumers who already absorb all kinds of media, whether it is print, broadcast or web-based.

This view is shared by Rupert Murdoch who has been quoted as saying that those predicting the end of print are misguided cynics, who fail to grasp that the online world is potentially a huge new market of information hungry consumers.

At the moment then, when horrifying events such as the Mumbai attacks occur, online media becomes a medium in addition to print and broadcast that helps consumers have a more rapid and deeper understanding of what is going on in their world.

Print Print | Email Email | Discuss this article |


READERS' COMMENTS


Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code * Code


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

 EMAIL ALERTS

  1. Technology



Rich List 2008
EMIRATES ID DOWNLOAD

READER COMMENTS

Read all user comments >

BUSINESS FEATURES

Get a website

Setting up a professional-looking website in a relatively short space of time is usually quite easy.

A penny saved is a penny earned

ACN takes a look at the potential impact of the global financial crisis on the IT budgets in the Middle East.

Gadgets galore

The technologies, devices and gadgets that will make a big difference in our lives during the next year.

BUSINESS INTERVIEWS

Leap of faith

Mohamed El-Fatatry ditched his cosseted Dubai lifestyle to move to Finland and launch a Muslim web portal.

Etisalat hears the call for growth

Etisalat is branching out from its core business into the information and communications sector.

Software solutions

IBS’s Deepak Garg on how to keep revenues in synch with your costs, even in times of a global crisis.

MORE FROM ARABIANBUSINESS.COM