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	<title>News Innovation &#187; Outside.in</title>
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		<title>Let a Thousand Models Bloom</title>
		<link>http://newsinnovation.com/2009/06/30/let-a-thousand-models-bloom/</link>
		<comments>http://newsinnovation.com/2009/06/30/let-a-thousand-models-bloom/#comments</comments>
		<pubDate>Tue, 30 Jun 2009 21:23:53 +0000</pubDate>
		<dc:creator>Peter Hauck</dc:creator>
				<category><![CDATA[New News Organization]]></category>
		<category><![CDATA[Revenue]]></category>
		<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Business Model]]></category>
		<category><![CDATA[Outside.in]]></category>

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		<description><![CDATA[Hat tip to Peter Kafka, who writes MediaMemo for All Things Digital, for sharing a business model &#8212; put together by Mark Josephson, CEO of outside.in &#8212; of a hypothetical online-only news organization. While Josephson&#8217;s metro news operation of the future sports a mighty lean staff &#8212; 20 bodies in all, of which six are &#8220;news gatherers&#8221; &#8212; it [...]]]></description>
			<content:encoded><![CDATA[<p>Hat tip to Peter Kafka, who writes <a href="http://mediamemo.allthingsd.com/">MediaMemo</a> for <a href="http://allthingsd.com/">All Things Digital</a>, for sharing a business model &#8212; put together by Mark Josephson, CEO of <a href="http://outside.in/">outside.in</a> &#8212; of a hypothetical online-only news organization. While Josephson&#8217;s metro news operation of the future sports a mighty lean staff &#8212; 20 bodies in all, of which six are &#8220;news gatherers&#8221; &#8212; it forecasts a pretty hefty 41% profit margin!</p>
<p>Josephson&#8217;s model is available as a <a href="http://spreadsheets.google.com/ccc?key=rgZH6zfLxkffwTKqz9cepyQ">Google spreadsheet.</a> And like all good hypothetical business models, its hypothetical P&amp;L looks downright rosy &#8212; the page view and ad revenue projections seem particularly bullish. But that&#8217;s what models are all about: State your case, make your assumptions and be prepared to defend or adjust them. Which Josephson does in the <a href="http://mediamemo.allthingsd.com/20090624/what-happens-when-your-local-paper-goes-online-only-it-loses-most-of-its-staff/">article&#8217;s good comment thread.</a></p>
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