Are the current kinds of investors what we need for media development...or do we need a new kind of "media" investor?
Right now we have commercial investors, social investors, political investors and (if you count the Knight News Challenge) idea investors. Are these types getting the job done, do do we need to create a new "media investor"?
Eric NEWTON, vice president, Journalism, John S. and James L. Knight Foundation: The Knight Foundation "has tried to position itself to deal with the future of news and information as it comes.... We used to be very much in a traditional mode of endowing chairs in journalism in universities and building up traditional institutions. We've moved to the other end of the spectrum and are now very active in digital media projects – concerned with how everything that happens in the world is covered and how everyone has access to everything. Everyone everywhere can be a news publisher – or at least an information publisher."
One day the Knight Foundation, created by a prominent American newspaper company, woke up and realized "we don't have a clue what's happening" in journalism. Eric Newton told us how this led to the creation of the Knight News Challenge www.newschallenge.org -- which is now giving everyone else some important clues about where it's all going.
Felipe Vaz is the coordinator of Instituto Overmundo, which promotes access to knowledge and cultural diversity in Brazil through innovative practices in communication, intellectual property, and technology. He shows an example of how informal digital media development is frequently taking place outside of government, educational, philanthropic, or civil society organizations. Those more formal organizations must then decide if they will co-opt, support, oppose, or stay away from the informal structures that have developed.
Joyce Barnathan is the president of the International Center for Journalists based in Washington D.C. She gives us an introduction to the field of media development, describes some of the activities that ICFJ is currently engaged in, and emphasizes the importance of integrating the lessons learned from traditional journalism into the new media ecosystem.