media control versus success

Perhaps my last post sounded a bit too depressing. Not all large media companies that exist on the internet are ignoring the obvious benefits of user contributions. There are some who see this as a an obvious benefit. For example, the idea behind Fingad / Financial News is simple - that the actual investors probably know more and have more to say than someone who is only trying to track investments. In pure democratic fashion, submitted articles are voted on by the rest of the "community" to decide what is news and what isn't.



In addition to gaining insight on the company that other investors might be willing to share, it would also be a great way to track investment trends without the typical delay of trend reporting and analysis from major media corporations. You're seeing the trend firsthand.

Again, as I mentioned in my last post, I believe that user involvement is going to decide who stays in business and who doesn't in the near future. If it works for financial news, it will probably work for other types of media companies. It just takes a while for businesses to understand that media control isn't much of a currency any more.