Media Insider: Reuters to Create Convention Magazine, Facebook Dominates News, and Snapchat vs. Instagram
Welcome to Media Insider, PR Newswire’s round up of journalism, blogging and freelancing stories from the week.
Reuters Is Creating a Convention Magazine (FishbowlDC)
Reuters will distribute a print magazine in Philadelphia and Cleveland, during the conventions next month, says FishbowlDC. The 66-page magazine will be titled The American Voter and feature content geared toward political insiders and the general public.
Two recent reports on the news business essentially have found that while print and traditional news outlets continue to wane, Facebook’s dominance is growing. Fortune reports that more than half of the consumers surveyed by the Reuters Institute said they find news via social media every week, and about 12 percent said it was their main source, with Facebook by far the largest single source. This makes Facebook’s latest referendum on news all the more unsettling.
The recent Global Editors Network conference prominently covered the theme of digital disruption. Some trends that came up include social media increasingly is becoming our portal to news, online services outpace newspapers when it comes to news consumption in the morning, and chat apps are the next evolution in social media, Medium says.
Big Media Needs to Embrace Digital Shift – Not Fight It (The Wall Street Journal)
As young audiences migrate from television to digital media and ad dollars follow them, old-school entertainment giants are in for a world of hurt, The Wall Street Journal says. But it doesn’t have to be that way. Companies must embrace the shift and be willing to create edgy business models. Furthermore, tying up with new media like Vice Media, Vox Media and BuzzFeed is only worthwhile if they bring in new audiences and new tools to reach them, WSJ says.
Is Snapchat Growing Faster Than Instagram? (SocialTimes)
While growth on Instagram has slowed, Snapchat seems to grow stronger every day, SocialTimes says. Snapchat already is attracting 25 percent more new users worldwide than Instagram, and in the U.S., U.K., Brazil, France and Germany, Snapchat is growing between 63 percent and 76 percent, SocialTimes reports.