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User generated content - complement or threat to the print media industry? (Paperback)
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User generated content - complement or threat to the print media industry? (Paperback)
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Seminar paper from the year 2007 in the subject Business economics
- Marketing, Corporate Communication, CRM, Market Research, Social
Media, grade: 1,7, LMU Munich (Institut fur Information
Organisation und Management), course: "Beyond Web 2.0," 37 entries
in the bibliography, language: English, abstract: User generated
content on the web is a phenomenon which has occurred only in the
last couple of years. Internet users generate their own content and
distribute it through weblogs, podcasts and wikis. They are now
gaining more and more power and reach using new web 2.0
technologies to promote themselves through (social) networking and
in online communities. Obviously traditional print media are facing
a new competitor in the media market: the user. This thesis
therefore asks the questions arising in the context how traditional
print media and user generated content (UGC) interact: Can UGC be a
competitor to the traditional media? The question is not if UGC
will replace traditional media in near future but how the concepts
of UGC could possibly compete or complement traditional media
concepts. Have media usage habits already changed in the face of
UGC? Right now it seems they have staid quite stable despite UGC.
Nonetheless it is all the more important to look at the signs of
change as this phenomenon is still in its initial stage. Should
traditional media players therefore implement UGC? UGC seems likely
to improve and transfer a brand image. It may give the traditional
media players a new point of view of their target groups, attract
new target groups and generate revenue through advertisement or by
cutting costs. All these questions will be considered in this
thesis, using the relevant data and research to give a good
overview over the developments in the print media industry facing
UGC, also giving examples of the German print media market.
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