Working within the Federal Reserve System, the New York Fed implements monetary policy, supervises and regulates financial institutions and helps maintain the nation’s payment systems. Millions of Yahoo members customize their MyYahoo personal news portal with the same news wire reports that editors use in daily news- papers across the globe. Google’s news page uses a computer algorithm to select headlines from thousands of news sites — creating a global news- stand, of sorts. And media outlets from Fox News and the Drudge Report to individual weblogs offer the kind of opinionated slant to the news that Negroponte envisioned. Demands of readers and viewers, online com- munities and personal news and information sites are participating in an increasingly diverse and important role that, until recently, has oper- ated without significant notice from mainstream media.
Participatory journalism: The act of a citizen, or group of citizens, playing an active role in the process of collecting, reporting, analyzing and disseminating news and information. In contrast, traditional news organizations are set up to filter information before they publish it. It might be collaborative among the editors and reporters, but the debates are not open to public scrutiny or involvement. The business model of gathering, producing and distributing news is changing rapidly. There is a growing pressure on news organizations to produce more inexpensive content for digital platforms, resulting in new models of low-cost or even free content production.
Subscription, advertising revenues and non-profit funding are in many cases insufficient to sustain a mature news organization. We analyse the background to all this, the consequences for journalists and journalism and the implications for online news organizations. Now more than ever, policy makers and editors are concerned about the future of newspapers. Algorithms can now automatically generate news stories on the basis of statistical information and a set of stock phrases, without interference from human journalists. It is now increasingly considered necessary to ensure that news is produced in a form that is capable of spreading virally.
Responding to automated news content, journalists highlight analytical skills, personality, creativity and the ability to write linguistically complex sentences as important skills defining journalism, rather than factuality, objectivity, simplification and speed. This view is discussed in the light of the commercialization of news and of previous studies on the impact of technological developments on journalistic labour. This paper considers the way in which ‘viral’ transmission is impacting on the work of news journalists and news organisations.
In-Degree (followers) measures a users’ popularity as a news source and Out-Degree (following) measures openness and newsgathering by users and give insights into the structure of this underlying network. Journalists and politicians are mutually depended on each other and how this dependency is constructed is shown by various network centrality measures, specifying their role (source versus news gatherer) and position in the network (being a networker or not). Finding news and spreading news is the driving force in the Twitter network between politicians and journalists.