Digital Tech Journalism Killed by a Digital Elephant
May 4, 2023
Note: This essay is the work of a real and still-alive dinobaby. No smart software involved, just a dumb humanoid.
I read a labored explanation, analysis, and rhetorical howl from Slate.com. The article is “Digital Media’s Original Sin: The Big Tech Bubble Burst and the News Industry Got Splattered with Shrapnel.” The article states:
For years, the tech industry has propped up digital journalism with advertising revenue, venture capital injections, and far-reaching social platforms.
My view is that the reason for the problem in digital tech journalism is the elephant. When electronic information flows, it acts in a way similar to water eroding soil. In short, flows of electronic information have what I call a “deconstructive element.” The “information business” once consisted of discrete platforms, essentially isolated by choice and by accident. Who in your immediate locale pays attention to the information published in the American Journal of Mathematics? Who reads Craigslist for listings of low-ball vacation rentals near Alex Murdaugh’s “estate”?
Convert this content to digital form and dump the physical form of the data. Then live in a dream world in which those who want the information will flock to a specific digital destination and pay big money for the one story or the privilege of browsing information which may or may not be accurate. Slate points out that it did not work out.
But what’s the elephant? Digital information to people today is like water to the goldfish in a bowl. It is just there.
The elephant was spawned by a few outfits which figured out that paying money to put content in front of eyeballs. The elephant grew and developed new capabilities; for example, the “pay to play” model of GoTo.com morphed into Overture.com and became something Yahoo.com thought would be super duper. However, the Google was inspired by “pay to play” and had the technical ability to create a system for creating a market from traffic, charging people to put content in front of the eyeballs, and charge anyone in the enabling chain money to use the Google system.
The combination of digital flows’ deconstructive operation plus the quasi-monopolization of online advertising death lethal blows to the crowd Slate addresses. Now the elephant has morphed again, and it is stomping around in the space defined by TikTok. A visual medium with advertising poses a threat to the remaining information producers as well as to Google itself.
The elephant is not immortal. But right now no group is armed with Mossberg Patriot Laminate Marinecotes and the skill to kill the elephant. Electronic information gulping advertising revenue may prove to be harder to kill than a cockroach. Maybe that’s why most people ask, “What elephant?”
Stephen E Arnold, May 4, 2023
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