Will the iPad be good for the media industry?

Another way to ask this question:  “will Apple’s iPad be bad for the media industry?”  Right now traditional media is struggling.  I’m not referring simply to print media which is getting more and more desperate for ways to stay alive but also broadcast media, as people spend more of their free time online.  The iPad could be a game changer for the media.  Why?  Well, the iPad does two things:

1.  It creates a new platform for the media – early views of the WSJ on the iPad suggest it is a far better product than the current online version.  This in turn suggests the iPad offers, magazine publishers in particular, new ways of presenting their content.  That’s got to be a good thing.

2. The iPad puts media back into the time equation – people currently spend their time online looking at Facebook, YouTube and Google because they like to explore, make connections, learn etc.  But the iPad creates the opportunity for media to be a part of what they find and even look for.  I, like many others these days, like to get news online.  That said, even a laptop isn’t a great substitute for a good magazine or newspaper.  An iPad may well be.  In other words, given we have all become used to spending time with our computers that we would have spent with our TVs, the iPad may start to shift the balance back towards consuming media.  Of course it will only do that if the content is worth us spending that time.

One thing is clear, if the media doesn’t grab opportunities like the iPad and the Kindle by the horns, then its steady demise will only continue.  That would be a sad, sad situation.  One that’s bad for society and of course for the media moguls.  The latter doesn’t bother me so much but the former most definitely does.

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