Tag: BusinessDesk

Business at 6.30am: Good move but watch for knock-on effects

NZME’s latest video venture, Herald NOW Business, had a solid launch yesterday into an uncertain world strategic environment. It also raises some strategic questions for the media company itself.

The 6.30 am business programme, available on the Herald app and streamed through ThreeNow and YouTube, is anchored by the thoroughly professional Garth Bray. He was an obvious choice and represents some of the greatest depth of television talent within NZME.

A former London correspondent for TVNZ and then a stalwart of the (sadly, axed) consumer show Fair Go, Bray is already a regular on the new programme’s companion show Ryan Bridge Today. His professional ‘home’ is the NZME-owned BusinessDesk.

Herald NOW Business (let’s abbreviate that to HNB) could not be described as innovative. It follows the familiar look and content of morning business programmes elsewhere. That, however, is not a criticism: Why change an established formula just for the sake of looking different? Continue reading “Business at 6.30am: Good move but watch for knock-on effects” →

Sports department kicked into touch: New game strategy?

We may be witnessing the beginning of deconstruction in the newsroom – not their destruction but changes that could alter their shape and function.

A week ago, the New York Times announced that it was, to use an Americanism, shuttering its sports department and moving its 35 reporters and editors to other roles. It is handing over responsibility for sports coverage to The Athletic.

The Athletic is a sports website that the New York Times Company bought in January 2022 for $US550 million ($NZ818 million). It has almost 400 journalists covering more than 200 professional sports teams and churns out about 150 stories a day. It had over one million subscribers when it was bought, and that number has tripled in 18 months and is trending upward. Nonetheless, it has yet to turn a profit, and in the first quarter of this year lost the equivalent of more than $NZ12 million.

It is unsurprising that the New York Times Company wants to optimise its purchase and cut those losses (it recently laid off 20 staff at The Athletic), but what is surprising is that it has not opted to integrate The Athletic’s staff and stringers into the NYT newsroom but has done the opposite. It has decided to close its sports department and, in effect, to take a service from its subsidiary. That service will provide coverage for the print edition of the Times as well as the parent website.

Sports sections may be well read but they are a notoriously poor destinations for advertising. Here, for example, the Weekend Herald last Saturday had less than half a page of advertising in its sports section and the Stuff metropolitan papers had none. The New York Times has reduced the number of sports pages and it no longer has a stand-alone sports section in the newspaper.

However, what we may be witnessing is not a manifestation of a reduced commitment to sport but a new way of thinking about newsroom structures. Continue reading “Sports department kicked into touch: New game strategy?” →

Generative AI: Be afraid, be very afraid

We humans have always had a bit of a penchant for futile exercises.

The ancient Greeks had a death-defying king rolling a large boulder up a hill for eternity. Much later, the Japanese invented an infuriating game called Whac-a Mole.

Now the media are trying to stay a step ahead of generative artificial intelligence.

Media companies around the world are grappling with editorial guidelines to deal with a digital phenomenon that can be both a tool to enhance their productivity, and an insidious weapon that can be used against them.

Some see it as an existential threat that should be banned outright but, really, artificial intelligence is like firearms and opioids – useful in the right hands but extraordinarily dangerous in the wrong ones. And, like drugs, its legitimate use needs to be carefully prescribed. Continue reading “Generative AI: Be afraid, be very afraid” →