Meet Facebook: Your new personal newspaper

Facebook just reported knock-out fourth-quarter earnings. The company hit 1.59 billion monthly active users in December.

During the conference call, the focus was on Facebook offering more real-time sharing, just like Twitter. “COO Sheryl Sandberg also highlighted how more politicians are using Facebook like a ‘town hall’ to interact with citizens, live, and how it continues to be a place where people go to talk about TV shows they’re watching,” as Business Insider reported.

“Facebook’s move to fulfill its ambition to be the personal ‘newspaper’ for its billion-plus members is likely to mean more woes for the ailing news media,” Business Insider said.

“It’s intimate, it’s relevant, it’s extraordinarily timely and it’s about you. That’s more than any newspaper can do,” Alan Mutter, a former Chicago daily newspaper editor who is now a consultant for digital media ventures, told Business Insider.

As newspapers cling to their “ancient” business model, organizations like Facebook are making the news more personal, Mutter said. And he said the trend will continue as younger readers shun print in favor of digital and mobile platforms.

The rest of the article is here.

“How the Internet killed the newspaper business” is here. One observation: “Facebook replaced community announcements like weddings, births and obituaries. Dilbert and Garfield live online through Yahoo News and other dedicated comic sites.

“More importantly, though, local newspapers are competing not against single newspapers, but all content publishers online.”

Author: jeffpelline

Jeff Pelline is a veteran editor and award-winning journalist - in print and online. He is publisher of Sierra FoodWineArt magazine and its website Jeff covered business and technology for The San Francisco Chronicle for years, was a founding editor and Editor of CNET News, and was Editor of The Union, a 145-year-old newspaper in Grass Valley. Jeff has a bachelor's degree from UC Berkeley and a master's from Northwestern University. His hobbies include sailing and trout fishing.

3 thoughts on “Meet Facebook: Your new personal newspaper”

  1. Facebook stock is up 13 percent in trading this morning after its knock-out earnings report. Its market cap now stands at about $304 billion. “The internet is changing how we communicate.”

  2. Without the Internet, it would be Hillary! and Sanders, who? When the top dog conservatives finally come to grips with this, expect repression and suppression, using every dirty trick, including cybertricks, possible.

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