In the News business, you get what you pay for

Back in the day, gossip rags and celebrity media were frowned upon as second-tier. In the new age of citizen journalists, bloggers and a shrinking traditional media – the celebrity press is acting like the leaders of the pack.

All hail TMZ – the entertainment medium is the industry standard in breaking stories that people actually talk about and share on social media.TMZ exclusively released the audio tape of Los Angeles Clippers owner Donald Sterling sharing his feelings about who should attend basketball games for his NBA team.  This led quickly to Sterling’s banishment by the NBA.

Then, the media company followed that up with the release of the elevator fight seen around the world between Beyonce’s sister Solange and rapper Jay Z.

These are just two examples of TMZ lapping the field in “talkable’’ stories. Of course, they do come with a price. The company pays big dollars for quality content that will raise their brand above the competition.

What can normal businesses take from the TMZ model? To start with, it shows that quality stories may very well be worth the investment; and it does not hurt if that content has star appeal, either.