With participatory media, the boundaries between audiences and creators become blurred and often invisible. In the words of David Sifry, the founder of Technorati, a search engine for blogs, one-to-many “lectures” (ie, from media companies to their audiences) are transformed into “conversations” among “the people formerly known as the audience”. This changes the tone of public discussions. The mainstream media, says David Weinberger, a blogger, author and fellow at Harvard University's Berkman Centre, “don't get how subversive it is to take institutions and turn them into conversations”.
In this new-media culture, says Paul Saffo, a director at the Institute for the Future in California, people no longer passively “consume” media (and thus advertising, its main revenue source) but actively participate in them, which usually means creating content, in whatever form and on whatever scale. This does not have to mean that “people write their own newspaper”, says Jeremy Zawodny, a prominent blogger and software engineer at Yahoo!, an internet portal. “It could be as simple as rating the restaurants they went to or the movie they saw,” or as sophisticated as shooting a home video.
What is new is that young people today, and most people in future, will be happy to decide for themselves what is credible or worthwhile and what is not.
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thro' The Economist