When it comes to Social Media there has been tons of talk about those few influencers who are able to spread your message like wild fire. But finding those few influencers has been the proverbial challenge.

Several good books have been written about this topic by some really smart people. But when doing some data mining on my blog using a new tool called SM2 from Techrigy (special thanks to them for helping me get trained on this tool), I noted that the far reaching impact of my blog is found in the proverbial Long Tail. (see graphic below)

What this says is that the conversation about topics on my blog and where they are occurring is coming from the long tail (dang it, that Chris Anderson is right again!)

So what I think this means is that exclusively looking for reach with your social media initiatives by targeting a selected few influencers is a flawed concept (sorry Ed Keller from WOMMA). To me this graph says it needs to also contain a component that delivers adoption (ie Reach) through the Long Tail of bloggers out there.

The bottom line is Social Media is fluid so you might as well go with the flow!

This is a new map of what the emerging news ecology looks like, based on a Value Network Mapping and Analysis tool developed by Verna Allee for the recent NewsTools2008 conference among 150 journalists, technologists and educators. Talk about change!

According to journalists and bloggers Chris Peck, Peggy Holman and Stephen Silha over at Journalism That Matters, here’s what’s emerging:

• Some reporters become “beat bloggers” tapping into networks of bloggers to bring complex stories into focus.
• “Community weavers” create a sense of community among the former audience and with formal news entities.
• “Information architects” make intelligible the vast amounts of data and images now available.
• While editors continue to be sense makers, connecting facts and making story lines visible, ultimately who filters news from noise, how it happens, and who pays for it is still unfolding.
• Even the definition of “news” is up for grabs as memes — cultural units of information equivalent to genes in the body — replace an event orientation to story.

Fascinating model that can be applied to traditional media, online communities and social networks, or company communities for customers or employees.

Last week I had lunch with an editor of a major daily newspaper who is trying to innovate his paper. The question his execs keep asking: “How do we make money on a different kind of model?” As with this news ecology model, no one has figured out a magic money-making model.

What is clear is that if newspapers do nothing as they wait for the magic model, they will continue to lose their customers, many of whom are no longer just “readers” but active participants. Ditto for marketers and corporate communications execs.