Tag Archive: money


Tomas van Houtryve experiments with alternative funding of photojournalism

 

“…it is now quite easy to find quality photojournalism without ever picking up a newspaper or magazine. Unfortunately, not nearly as much innovation has taken place to fund these photo stories as has taken place to display them. Aside from obtaining a grant (or taking on a side job), there are very few ways to replace the funding that major news organizations once provided to cover conflict, foreign affairs and investigative stories.” -Tomas van Houtryve

Tomas van Houtryve, whose work we love, has an interesting post about experimenting with alternative funding sources for his photojournalism. Magazine funding has dried up, so he’s using his websites and online services such as PayPal and Flattr to solicit donations as a way to fund his long-term documentary work. Others, such as Molly Landreth, have also had success raising funds with kickstarter. I’ll be interested to see the results.

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Update (by ML, 9/14): We just added a Flattr button to this and an older post where we featured van Houtryve’s amazing project from North Korea. As you can see, it is unobstrusive and very easy for bloggers to add the button to posts featuring someone else’s work. An exciting development, can’t wait to see where this may lead.

Newspaper stocks up over 3-month low

 

You heard me right: Publicly traded newspapers stocks have been doing quite well lately.”

Rick Edmonds the Poynter Institute’s Biz Blog analyzes the stocks of publicly traded newspaper companies and finds some interesting results. Of the nine stocks listed almost all are up at least double from their 3-month low (the Washington Post Company’s stock, now at $370, isn’t because the stock price is so high, and McClatchy at 69 cents a share (finally more than the cost of a single issue of many its papers!) is up only 75% from its 3-month low). Many of the stocks are still quite low–well below 5 dollars a share–so they’re still considered risky buys. The news is good sign, however, after weeks and months of bad financial news for all media companies. And, if you’d bought any of these stocks in early March, you would’ve doubled your money by now. Long-term prospects, of course, remain dismal. Warren Buffett’s recent pronouncement that “For most newspapers in the United states, we [Berkshire Hathaway] would not buy them at any price,” does little to reassure.

Money flows toward (the photographer)

Can’t remember exactly where I found this link, but it’s a useful motto. Replace “writer” with “photographer” or any other creative professional, and repeat it to yourself. Then repeat it again. When a new contest you’ve never heard of asks for a big fee, say it to yourself. When an art gallery asks for an exhibition fee, say it to yourself. When a magazine or organization asks for free pictures or, worse, asks you to pay, say it to yourself. “Money flows toward the photographer.

Money flows toward the writer.

No, that doesn’t mean that the author should get paper and ink for free, or that he won’t pay for postage. It does mean that when someone comes along and says, “Sure, kid, you can be a Published Author! It’ll only cost you $300!” the writer will know that something’s wrong. A fee is a fee is a fee, whether they call it a reading fee, a marketing fee, a promotion fee, or a cheese-and-crackers fee.

Is this perfect? No. Scammers have come up with some elaborate ways to avoid activating it. But it’s still a good and useful tool, and will save a lot of grief. Any time an agent or publisher asks for money, the answer should be “No!”

Yes, there are exceptions. You’ve got to pay for marketing, and you’ve got to get your name out there, and there are, sometimes, reasonable fees associated with worthwhile contests. But, in general, money flows toward the photographer. And get yourself over to the NPPA’s cost of doing business calculator and make sure that you aren’t paying more to take pictures than you’re making with your licensing and assignment fees.

A Christmas miracle for the LA Times? Not so fast…

Hot on the heels of the Tribune Company’s beginning the bankruptcy protection procedure, the Annenberg School of Communications website reports that Los Angeles Times editor Russ Stanton has said that the paper’s online revenue now exceeds the paper’s editorial payroll costs (third paragraph, last sentence). This is being widely noted (most links go to this Recovering Journalist post), and Jeff Jarvis has some followup with numbers.

This seems like good news, and hopefully more papers can soon make the same claim. I’m worried, though, like one commenter on Recovering Journalist, that the good news has come after at least 523 layoffs at the paper this year (Papercuts 1, 2, 3, 4, 5). Getting the website to cover payroll is likely much easier with 500+ fewer employees. And while I don’t have numbers to back this up, a newspaper requires a lot more money than its payroll in order to operate. There’s continual equipment and material fees, legal fees, and many other expenses involved in putting out the news. The New York Times, for instance, has it’s own Research and Development Group (and here’s a great tour through the facilities with Talking Heads front man David Byrne), which has got to be expensive to operate but which is necessary to forge ahead in the new media environment. Covering the payroll is a part of the picture, and it’s a great step, but in order for newspaper journalism to continue either in print or online, the companies will need more money.

(via APADnews)

Working for free

Strobist posted an article about when photographers should work for free, and it’s been picked up by the photo blogs a bit. Vincent Laforet has thankfully weighed in with a more sensible take on the issue, especially given his “free” work with the 5d video. In his response to the Strobist piece he mentions that he managed to sell his 5d video to Canon after the fact and for a larger sum than he would’ve gotten had he been hired to make the video. The moral of the story is not to work for free unless other people aren’t getting paid or there’s an extremely clear way to make money or business off the work in the immediate future.

While we’re at it, Tim Gruber presciently posted a link to an NYT article about the image that working for free sends to your and others’ clients.

Don’t be lazy: it’s Funding Month!

Via Mary Virginia Swanson’s excellent blog, I learned that it’s currently Funding Month at the Foundation Center, an organization started in 1956 in order to get artists funding through grants.

The organization has offices in New York, Atlanta, Cleveland, San Francisco, and Washington, D.C., and so-called Cooperating Collections, which are grant-related resources, in all 50 American states.