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Commentary: Journalism in the age of WikiLeaks

“Mass collaboration is revolutionizing not only the way we work, but the way we live, learn, create and care for each other. Don Tapscott and Anthony D. Williams, authors of Macrowikinomics: Rebooting Business and the World, analyze some of the trends reshaping our world. Today: Journalism in the age of user-generated content and Wikileaks – “It turns out people will not pay for news as a commodity. In an age of Twitter, bloggers, WikiLeaks and social networks, people can find the news without buying a paper. As one youngster said, “If the news is important it will find me.” The Internet has destroyed the business model for print. Print publications will survive, but not in the long term, and this has big implications for journalism. Compared to the massive physical assets of, say, The New York Times, online newspaper The Huffington Post has almost zero printing and distribution costs. The New York Times employs more than a thousand people in its editorial department alone. The Huffington Post employs 60 and a volunteer roster of thousands of writers. The site is thriving, with 20 million readers.”

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