Friday, May 8, 2009

Hellman working on new business model

San Francisco financier and Wells Fargo heir F. Warren Hellman and “a team of business and media experts” are working on a plan to develop a new business model for community journalism. In a statement to the San Francisco Business Times, he said the group has adopted a two-month timeline for completing the first stages of exploring options that could have implications throughout the journalistic world.

“If we can conceptualize a model and bring it to life here, the world will take notice,” Hellman said.

Hellman said many options are on the table, including a nonprofit model, expanding into unspecified new print or online directions, for-profit, or a web-only, online-ad-driven model. Or, “Should we do nothing?”

1 comment:

Anonymous said...

This passage comes right after waterboarding in the annals of torture:

"a two-month timeline for completing the first stages of exploring options that could have implications throughout the journalistic world."

What does it mean to complete the first stages of exploring options? And does the exploration of those options itself have implications?