The digital, they say, has a cost that approaches zero. Once the digital copying mechanism becomes a sunk cost, the cost per copy asymptotically swoops toward zero. This does a strange thing to value and price. The ink-on-paper media has had to come to terms with the fact that the Network is a vastly less expensive surface on which to inscribe their messages. The digital, in its short history, has yet to find its own level. It’s largely been priced as a discount to its analog counterpart. The news media is starting to understand that its identity lies in the ink rather than the paper.
The digital media can only feed on the corpse of the analog media for so long. We seem to have finally arrived at the point where digital media is beginning to establish its value, and therefore its price. Paywalls are starting to work, some digital editions are starting generate significant advertising revenue, and independent blogs are able to survive by subscription. We pay, not for more, but for less. Fewer things, better quality.
The banks of the river of news have overflowed, the medium has overheated and begun a McLuhanesque reversal. No one wants ‘all the news’. At a certain level of quantity the news can no longer be consumed and processed, it just flows through at the level of headlines. Marshal McLuhan noticed that information overload forces the information consumer into mode of pattern recognition. We now try to employ machines to process the torrent and pick out the patterns for us. But now even this pattern recognition mode has overheated. This happens the moment we aren’t satisfied by knowing something ‘like’ the news, but have no familiarity with the actual news itself. We’ve arrived at the uncanny valley of news.
In the era of so-called ‘Big Data’ even your Network identity is a pattern. You aren’t you, you’re someone ‘like’ you. The formula breaks when the pattern no longer predicts the future. The non-conformist breaks into the conversation and says just doing what the pattern predicts is behaving like a machine—and that’s boring. Take a look at this instead…