:::renaissance chambara:::

Posts on quality, life, culture, the media, news & tech with a twist & a slice of Limey. I moved my blog to http://renaissancehambara.jp in December 2006, go there for the latest content.

Monday, March 28, 2005

 
Who stole the 'new' in news?

People are alleged to be increasingly turning away from print media to receive their news, relying on the internet. However, despite the facility for instant publication, the news is not as fresh as the medium promises even when you look at news wire websites. This is because the news wire businesses have primary customers who pay to receive the news first like your 40,000 USD Bloomberg terminal that sits on a traders desk. Timeliness of information is directly related to money for these people, its one of the levers that keeps the vast majority of day traders at an unfair disadvantage to the professionals.


In addtion, the way web users are going online to look for news is ensuring that the news they get is stale. The principle behind Google News is that Google takes an 'average' of the reported news; so it has a bias towards news that has already broken and widely distributed, over fast breaking stories. On the other hand traditional web portals have an advantage. I still have profiles and pages on Excite.com and Yahoo.com that have been set up since 1997/8 to give me the latest news based on my preferences.

There is no averaging effects, as soon as Reuters, AP or Bloomberg give the portal the relevant news it appears on My Yahoo! or My Excite page.
The moral of this story is that not all progress is automatically better, Google News is a valuable tool so long as you are aware of its strengths and limitations. It is great for PR people to set up alerts when their clients have been covered, as a backup to their reading agency. For a news junkie, a well configured portal page offers a better barometer on the world.

Create Social Bookmark Links


Links to this post:

Create a Link



<< Home

Archives

03/2004   04/2004   05/2004   06/2004   07/2004   08/2004   09/2004   10/2004   11/2004   12/2004   01/2005   02/2005   03/2005   04/2005   05/2005   06/2005   07/2005   08/2005   09/2005   10/2005   11/2005   12/2005   01/2006   02/2006   03/2006   04/2006   05/2006   06/2006   07/2006   08/2006   09/2006   10/2006   11/2006   12/2006  


Welcome, thanks for visiting and a bit about this blog (:::renaissance chambara::: all in lower case just like UNIX)
Got something to bitch about? Trying to legal the author or want to send scary fan mail? Click here for more details
Want to leave a comment? Feel free, but please take account of the guidelines
The blogroll (there's some missing that Bloglines can't read, if you're not in sort your feeds out)
Subscribe via RSS to :::: renaissance chambara ::::
The grooves that drive :::: renaissance chambara :::: (see what's on our iTunes)
This work is licensed under a Creative Commons Attribution-Noncommercial-Share Alike 2.5 License.

Blogger rox nuffsaid.