Last month I was talking with a co-worker, talking about what was going on with newspaper-dot-coms these days. This phrase slipped out, and I think it makes sense. Newspapers, magazines, local television and radio news operations are bleeding information. Every stroke of the shovel they make from legacy distribution methods to the web bleeds more information — information that could be spent harnessing community and building context. Information that could be painting a more-complete picture of the community they serve.
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I would go so far as to suggest that they are actually hemorrhaging information, not just bleeding…