Look at how the media is doing around the
globe. In the UK, 70% of local newspapers have been closed and 15% of the USA’s
media employees have“retired”in the past two years. Regional newspapers like The
Christian Science Monitor and TV Weekly have shifted from hard copy to network
edition. In contrast, across China’s media industry only China Journalists News
was washed out last year. The“hypernormal”state indicates how difficult the
communication institutional transform can be. I cannot predict what else will
come along after the numbness brought about by the super-stability of the
traditional media. But new media will grow explosively in fighting back. During
the transit from Web2.0 to 3.0, you will find the advent of SNS and micro blog
has shifted information communication from traditional mass media to
personal“media”, from reactive release to active discovery, and from predefined
distribution to customized sharing! Revolutionary features such as the high
enrichment, fragmentation, and randomness brought about by micro blog, in
particular, has dried the last drop of dignity of China’s entrenched media
industry. The Internet of Things after the internet, 4G after 3G, three screen
integration (computer, TV set, and mobile phone) after three net integration
(telecom, cable, and internet), and omnimedia after multimedia, all of which are
innovative musts for radically changing China’s media strategy. The keywords of
the Internet of Things, 4G, three screen integration, and omnimedia will be the
very nodes in overcoming the policy and institutional defects in the next five
years.
As one of the explorers of the business model
of new media in China, I have witnessed my“China auto information broadcast”has
upgraded to“China Network Financial Review”. I think that in terms of innovation
for niche market where broadcast and TV are integrated cyber content providers,
Sinosight has arguably built a prescient“microcirculation”strategic platform?an
omnimedia platform led by personal brand, with omnimedia portfolio consisting of
the best media resources:“My car”of The Travel Channel, Lao Xie auto talk of CNR
China Business Radio,“financial view”, Auto Weekly of China Quality Daily &
China Consumer News, the auto& finance channel of ten portal websites
(blog& mobile micro blog). The audience from Monday through Sunday reaches
over 100 m person times. We’ve extended our focus beyond the auto industry to a
lot of other areas of finance (excluding stock market& financial planning,
and sports industry) and become the most universal player with the biggest
audience stickiness in the“microcirculation”of China’s media industry. Even at
2010 China-US Business Summit held in Los Angeles, my introduction of personal
omnimedia platform left a deep impression on attendants including
representatives from the International Trade Administration, California State
senators, and US entrepreneurs. The local media executives arranged 1:1
confidential meetings through the organizing committee to let the US media know
more about the innovation from China! I personally think in a sense the
omnimedia platform I have invented rivals or outshines the US’s major media in
mechanism, operation, and especially performance.