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social networks + professional newsrooms = next generation news    improving lives & local communities Capitol News Connection March 2010 Capitol News Connection March 2010
The news business is failing…  top down ‘one-to-many’   legacy cost structures Unresponsive Users want their news… portable, personalized, participatory  – Pew Internet & American Life Project, March 2010
3 ,[object Object],    at every step ,[object Object],& oversight of journalists Targets the Underserved Community involvement Hyper local  Investigative  Diverse  A New Sustainable Model High quality Low cost  Hybrid revenue  Scalable 3
Users set the agenda: ,[object Object]
 They shoot video, take photos, find / search data & documents, interview, write, ‘truth squad’, rank & rate, and share   Innovative use of technology: ,[object Object]
 Rewards & recognizes participation & quality   Quality control: ,[object Object],  ,[object Object],4
The largest, best sourced & most responsive newsrooms  ,[object Object]
User demand is strong
We’ve got great partners
We’ve got the right team
…and a scalable hybrid revenue model

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AssignIt We Media PitchIt! 2010 Pitch

  • 1. social networks + professional newsrooms = next generation news   improving lives & local communities Capitol News Connection March 2010 Capitol News Connection March 2010
  • 2. The news business is failing… top down ‘one-to-many’ legacy cost structures Unresponsive Users want their news… portable, personalized, participatory – Pew Internet & American Life Project, March 2010
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 10. We’ve got the right team
  • 11. …and a scalable hybrid revenue model
  • 14. Giving citizens a powerful voice & platform to improve lives & local communities
  • 17. Holds power to account
  • 21. SustainableMultiple Revenue Streams Advertising Subscriptions Content Sales Self-sustaining within 3 years 6
  • 22. Where we’re going… 7 6 months Sept 2010 1 year March 2011 5 years March 2015 Sept: launch AssignIt 1.0 Nov: first major exclusive iterative improvements Jan 2011 launch AssignIt 2.0 March 2011 Droid etc. June 2011 launch new cities every U.S. city 500,000 contributors 10 major exclusives per city per year self-sustaining major media partners Benchmarks 10,000 Downloads 5,000 contributors 5-10 users per assignment 2-5 friends per assignment 5 exclusive reports 6
  • 23. The Right Team “I joined CNC because AssignIt will be a game changer” Hoag Levins "I've been collecting and distributing user-generated content for years, but AssignIt truly brings the editor and network to the user, to transform populist activity into compelling, credible news” Richard Buck “During years in the finance, start-up and media sectors, I’ve seen transformative ideas and feasible ideas. AssignIt is that rarity: both” Mark Sauter Strong Management Melinda Wittstock CEO | Founder London Times | NBC Europe | BBC | ABC News | MSNBC | NPR | Capitol News Connection Hoag Levins VP News & Interactive Philadelphia Inquirer | apbnews.com | Editor & Publisher Advertising Age Richard Buck CTO Oracle | Eluma | Mirror Image | arsDigita Mark Sauter Special Advisor KIRO-TV | Inside Edition | apbnews.com | Parlo | Chesapeake Innovation Center | Legend Merchant Group The non-profit Capitol News Connection is supported by station, newspaper and web site subscribers, individual donors, corporate sponsors and foundation grants: Corporation for Public Broadcasting Center for Ethics & Excellence in Journalism Surdna Foundation Park Foundation Carnegie Corporation for New York Partners: Wisconsin Watch Texas Watchdog California Watch Investigate West Local Public Radio Stations 15 Advisors: Leading technologists, entrepreneurs, social media experts, investigative journalists 8
  • 24.
  • 26. Get the word out
  • 27. Raise follow on fundingWe Can Change the Game – With Help from PitchIt! 9 9
  • 28. Immediate Milestones Gained by a PitchIt! Win 10
  • 29. 11 Game Changer: Why AssignIt Should Win Targets the Underserved Hyper local Investigative Community involvement Diverse A New Sustainable Model High quality Low cost Hybrid revenue Scalable Establishes Trust Sustains Investigative Reporting Holds Power to Account Bolsters Democracy 10