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April 23, 2012, 11:37 a.m.
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Wall Street Journal dives into live, continuous coverage with its new Markets Pulse stream

The newspaper’s constantly updated markets coverage will provide frequent updates in one place, continuing the streamification of the news.

The Wall Street Journal on Monday unveiled Markets Pulse, a platform for a continuous flow of news — including blog posts, articles, videos, tweets, photos, and other elements — that readers can dip into throughout the day from their computers or from a mobile device. The idea is to provide more choices to readers who are increasingly seeking news on-the-go.

Think of it as a daily liveblog of the markets: At this writing, Markets Pulse been updated 12 times in the past hour. Some of those are simply embeds of WSJ stories, which can be read in full without leaving the stream; others are updates of barely tweet length. (“Dow Down 150: All indexes are down more than 1.2%.”)

“This is just another way for them to access our content,” Raju Narisetti, managing editor of The Wall Street Journal’s Digital Network, told me. “Obviously, a lot of our readers are paid subscribers, so they should be able to get WSJ everywhere, wherever they want it.”

This isn’t the first time the newspaper has experimented with this kind of approach. It created a four-day stream for its Oscar coverage this February, and more recently it streamified its coverage of the presidential election in France. But Markets Pulse is built around an area of coverage rather than a finite event, which means it has the potential to be…neverending.

Creating an open-ended stream for markets coverage makes sense for a few reasons. It’s an area that a lot of Journal readers are already tracking, and one that lends itself to constant updates. “Markets is kind of an ongoing story all day, especially when the U.S. markets are open, and there’s an audience that follows it fairly religiously all the time,” Narisetti said. “Rather than having to go to an article or a video in different, discrete places, this allows them to kind of have one place.” (It’s not for nothing that Bloomberg describes its terminals as a “massive data stream” — it’s a metaphor that works for the flow of a market day. Markets Stream would seem to be a decent candidate to be a second-screen companion to a Bloomberg terminal.)

Markets Pulse also includes an embed of the Journal’s video player right next to the content whenever a live show is on. With the newspaper’s big push in video, particularly live video, having a page that readers can treat as they’d treat CNBC — that is, always on — could help increase the return on that investment.

It also gives reporters a place to put all kinds of information — short updates, tweets, and other elements that don’t always fit in a traditional article. But the news stream approach is about more than creating a centralized hub of information. Streams are also about tailoring the experience to readers’ habits. When British network ITV unveiled its stream-based online redesign last month, ITV digital director Julian March described about the importance of recognizing the “skimming and digging” that people like to do online.

Here’s how he put it:

We think that roughly 80 percent of visits to websites are based on skimming behavior: You go to the news site asking, “Tell me what the news is today.”…Digging is where you come to the site and you’ve got a very specific kind of requirement: “I want to know what is going on in the Eurozone crisis,” or “I’ve just heard that Fabrice Muamba the footballer has collapsed, how is he doing?”

The format may also help drive traffic to Wall Street Journal content by fostering a habit of checking for frequent bite-sized updates the same way that people routinely check their email inboxes and Twitter feeds.

News streams also seem to have the advantage of stickiness — meaning readers spend time on streams longer than they do on traditional news sites. (Think of how sticky social streams like Facebook’s newsfeed or Twitter are, especially compared with traditional news sites.)

Narisetti, who started his job at the Journal in February after leaving The Washington Post, says there are more experiments like this one to come: “We’re going to experiment in multiple ways, and this just felt like one of the more interesting and fun ways to do it,” he said. The approach seems consistent with his mentality he described to us back in January: “I’m a big believer in newsrooms being in a permanent beta stage.”

POSTED     April 23, 2012, 11:37 a.m.
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