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New
communications technologies have released a flood of soft content
into media offices. Local, national and international media organizations
receive exponentially more information than they did just 5 years
ago. Decreases in advertising revenues have hit media companies
hard. The industry is in a period of consolidation and trimming
of excesses. Media companies are now faced with fewer and less experienced
staff members. These media professionals are expected to digest
and distribute exponentially more information and often become overwhelmed.
As the information revolution continues unabated, media companies
are still dependent on antiquated modes of information exchange.
Labor-intensive approaches, including fax machines, Rolodexes, telephones,
and email, are still the norm used to acquire soft content and complete
the editorial product. Significant time and manpower are expended
by assignment editors, reporters and researchers trying to cull
soft content to generate compelling and balanced product. The long
cycle time from soft content acquisition to editorial product generation
translates into low labor productivity, high costs, and lower advertising
revenue.
Every
media company has installed high-speed Internet services but they
have yet to perfect web technologies as a utility to increase efficiency
and to save money. Media companies must re-invent their information
gathering and distribution techniques if they want to remain competitive
and relevant in this new fast-paced environment.
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