Wednesday, August 15, 2018

"I want bad news and I want it fast: That’s the business model for Factal, a business-focused company from the founders of Breaking News"

Following on yesterday's link to NiemanLab: "Facebook’s message to media: 'We are not interested in talking to you about your traffic…That is the old world and there is no going back'”.
Probably not related.

From NiemanLab
A consumer product is on the roadmap, but for now, Factal is aimed at businesses and will cost several thousand dollars a month.
Breaking News, which sent out news alerts from around the globe 24 hours a day, was beloved, but that wasn’t enough to save it. The company, consisting of a Twitter feed (with 9.1 million followers), app, and website, was shut down by its owner, NBC News, at the end of 2016. From a memo to employees at the time, in part:
Breaking News has built up a large following among journalists, government workers, industries whose success depends on accurate and fast news, and news junkies of all types from around the globe. Unfortunately, despite its consumer appeal, Breaking News has not been able to generate enough revenue to sustain itself.
A little under two years later, the founders of Breaking News think they’ve found a way to bring back the product (sort of) while making money. Cory Bergman announced Tuesday that he and Ben Tesch are launching Factal, with former MSNBC Interactive president Charlie Tillinghast as CEO. The service will cost a few thousand dollars a month (via yearly subscription) and, for now, is aimed solely at businesses who need to make quick decisions (whether to close a store, for instance) in emergencies; while a consumer product is in the works, it’s a “next-year project,” Bergman told me....MUCH MORE