Newspapers can bank on online for survival: Rishad Tobaccowala

Another exchange4media write up which intrigued me today:
Newspapers can bank on online for survival: Rishad Tobaccowala [Link]

Guess most of us sold on the potential of online as a medium saw this one coming

A few trends from the article are mentioned below:

Trends in the media
According to Tobaccowala, the single biggest trend was the globally decentralised linked network – in other words, when you put something online, it automatically becomes global and this will drive the media industry. Authenticity was what mattered now as people had learnt that they could not trust anyone in authority any more, he said.

Trends of people globally
Voyeurism: People across the globe like to watch other people and are curious to follow them, particularly celebrities.

Fame: They all want fame and they want to be famous in their own way. There are more people who write blogs than those who read them.

Facilitation: Marketing has been outsourced to consumers, these days people do their own research – from buying a car to even a mobile handset. They trust themselves more than others.

God-like: People are no longer constrained by time, place or by body, It’s like having multiple personalities. We say Consumer is King but ironically, we are treating them as idiots.

People are living in a multiple world: An increasing number of people are living in both analog and digital world. Therefore, we need to give the audience a taste of both in a well-balanced way.