Much like the printing press changed the way information was conveyed in the 15 century, Web 2.0 is has had the same affect several hundred years later.
Clay Shirkey, an American writer, consultant and teacher on the social and economic effects of Internet technologies, explained the downward spiral of the newspaper industry in his article Newspapers and Thinking the Unthinkable.
Shirkey examines the print industry to the new world of online journalism.
Paul Gillin, a technology journalist and author said, “The industry took a spiral.”
He said that the business model of a daily newspaper thrives on the idea that local, timely information is hard to come by.
Newspaper giants have built high expense infrastructures to deliver that information to the people who want it.
Although the print industry has been profitable, it has a history of being expensive.
When web 2.0 was created, it changed the dynamics of the news industry.
It makes information much more timely, as it can be updated by the minute instead of by the day- and is also much cheaper.
It transforms into an online form of journalism that is fresh and vibrant, but the future of the print industry has been questioned.
Gillin said, “Journalism won’t die as a result”.
In fact, he predicts it’s going to flourish.
“It will be more of a matter of interpreting instead of original research”.
Mark Federman, a New media and Internet professor at the University of Toronto said that the new online medium of journalism, is simply mimicking the old print model.
“It will change form and direction, but will still exist,” he said.
The print industry won’t die off, “ I think the change will result in non-daily newspapers,”said Gillin. “Fundamentally nothing will change.”