Hmm..journalism as a business. A lot of issues with journalism since I chose it as a profession has been the process of accepting the fact that journalism is a business. It’s not one of those do good professions. It is, but it needs its business side to sustain in order to truly flourish. So the goal then was to understand how the two can be combined and mastered; Jarvis’ piece definitely provides some direction.
It’s about time that journalists learn to be entrepreneurs-to sell the information they gather. It might just be the best to get their voice heard even if it doesn’t reacha huge audience. Jarvis set up a class where in he asked students to pitch a business plan for a journalistic endeavor to a jury. The panel would then decide where the $50,000 gift would go. Students came up with ideas that included websites for athletes to sell themselves, a blog for personal finance help, and a magazine for Muslim women that actually is doing well. But, the most useful part of his piece was the feedback he got from the jurors on the mistakes the students made: from too long pitches to a lack of marketing strategy/analysis and an inability to incorporate as many aspects of the mediascape as is possible.
I considered his points, especially for the pending class assignment, but I couldn’t help but focus my thoughts on the “what happens now” question as one of the comment posters asked Jarvis. Jarvis said that him and the jury would continue to guide his students and “[would] continue to give advice and the seed money [would] get them just to the next step — in most cases, proving the concept — so they [could] seek more money elsewhere.”
Alright, that is helpful but how long would that service last? Jarvis hints on the need for an “incubator” to be able to provide student with “ongoing advice and nurture.” There needs to be a system in place that would support such entrepreneurships, if not for anything but for the benefit of the journalism industry in the context of new media.
Maybe that’s another class topic…?