Getting paid for content: Rethinking fair use
The newspaper industry's practice of permitting digital platforms such as Google, Facebook, Twitter and others to exploit content created by publishers without compulsory or use-based compensation must change, says John Chachas, managing partner of Methuselah Advisors, a merger advisory firm specializing in serving media, digital and other industrial clients.
In a hard-hitting presentation at next month's SNPA News Industry Summit. Chachas will talk about his firm's evaluation of the economic model of the publishing industry. "Absent a major re-definition of the relationship between publishers and digital companies, the survival of many daily papers will be at risk," he says. Publishers of all SNPA member newspapers need to hear this presentation.
Methuselah Advisors has an active practice in the newspaper industry and has done numerous transactions including the sale of the New York Daily News and The Virginian-Pilot of Norfolk, both in 2018. He said the firm has provided advice to publishers across the industry for 25 years.
"We have begun work to form Fair Use Collective," Chachas said, "an entity with the mission of serving as a negotiating intermediary between publishers and the digital platform enterprises. Similar to initiatives in music publishing and the local TV broadcasting, which fundamentally reorganized these industries, the evolution of the revenue model for publishers is essential for survival of local enterprise journalism companies."
The News Industry Summit will be held at the Nashville Hilton. The SNPA room block at the Hilton has been released, but the hotel might have rooms available at its standard pricing. To check availability, call the hotel at (615) 620-1000 (Monday through Friday from 8 a.m. to 5 p.m.) or dial 1-800-HILTONS.
There are many hotels in and around downtown Nashville. To shop for the best available rate, check your favorite travel website like hotels.com and Travelocity.com