Technically Philly vies for Knight-Batten Awards for Innovations in Journalism

jlab-page

Update: We lost.

Grant money in journalism is flowing freely in a tightened economy and a historic juncture in print media.

Seems like an opportunity.

So, my two partners and I, who founded Technically Philly, applied for the Knight-Batten Awards for Innovations in Journalism, a $10,000 grant to support new ideas in news. See our submission here.

We thought bringing together two niches — the geography of Philadelphia and the industry of technology and innovation — and diversifying revenue streams — going beyond advertising — was a new enough model that it might catch the eye of a judge or two.

We walked into a meaningful business, social and startup community in a major metro region’s creative economies and began reporting, relying on our interests in social media, community reporting and professional and ethical journalism.

We recently introduced advertising — a small first step in monetization –and feel that a grant for $10,000 could afford the three of us an opportunity to work full time for perhaps as much two months or more. Considering how pleased we are with our traffic growth and the response from the community, we’re thrilled by even the chance at the opportunity to give full time to a project none of us have been able to offer even part time thus far.

Unfortunately and entirely unsurprisingly, there is some stiff competition from the nearly 100 submissions that were entered.  Below I share some of the more interesting submissions I saw and my thoughts on our viability.

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What if advertising wasn't in a recession, but dying?

downward-trendIt would create a permanent fissure in the media world.

The question of whether plummeting advertising numbers are representative more of a broader trend than just the economy was the focus of an interesting post from James Fallows of the Atlantic, as I found from Philadelphia Inquirer online editor Chris Krewson.

The real problem is, advertising is dying. It’s just pulling down newspapers along the way. Next up: TV, radio, and Google.

This is why I was warning anyone who would listen that traditional media’s schadenfreude when the internet bubble popped in 2001 was probably misplaced. Because the reason it popped was one finally had the metrics to show Advertising Doesn’t Work. Google has forestalled the inevitable by doing the Net equivalent of the “tiny little ads” schtick of a decade or two back, but I think they see the writing on the wall, which is why they keep trying so desperately to find something, anything, other than search that’ll make money…. [Source]

Continue reading What if advertising wasn't in a recession, but dying?

Young journalists should learn how to write a business plan

business-plan-in-trash

I stepped into uneasy ground when I graduated from college last year.

For a host of reasons, not least of which are a recession and free falling print industry, freelancing isn’t the surest bet for this young journalist. Likely not for you either.

Job prospects are rare and uniquely competitive now.

So, of course, it’s the perfect time to start your own venture. Will it fail? Maybe, but when you’re young, with fewer responsibilities, the chance at making something of your own is a wonderful one.

But first things first, you need to be able to write a business plan.

Continue reading Young journalists should learn how to write a business plan