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March 2008 Archive
Several others have posted about the sharp drop in newspaper revenue. Venture capitalist Tim Oren speculates about the slower online growth rate at his Due Diligence blog: In the most forgiving interpretation, online ads on newspaper sites turn out to be a leading indicator of economic softness. ... (Read the whole post for details.) He recommends the comments at BuzzMachine. Earlier this week, Jeff Jarvis of BuzzMachine posted some quick thoughts on the New Yorker piece: It’s also the beginning of a discussion about the resurrected debate between Walter Lippman and John Dewey almost a century ago over the proper role of the press, objectivity, viewpoint, and discussion in a democracy. The piece doesn’t advance that discussion greatly but I wouldn’t expect it to, given the venue. What it does, instead, is advance The New Yorker’s view of media.... Jarvis also linked to an Aug. 7, 2006 New Yorker article by Nicholas Lemann: Amateur Hour: Journalism without journalists and to Jarvis's (long and interesting) response. Here's a taste: I would have hoped for something more expansive, imaginative, open, creative, generous, constructive, strategic, and hopeful from the head of one of America’s leading journalism schools — from, indeed, the man hired to bring that school into the future — and from a leading light of American reporting. Today's Newspaper Association of America (NAA) press release: Online newspaper advertising jumps 19 percent in 2007 They helpfully include a link to 50+ years of data. A more informative summary: Newspaper print revenue down 9.4%; the worst year on record I suppose one shouldn't hold an NAA press release to the standards of journalism claimed by NAA member papers.... Hat tip: Editor & Publisher. But, no link from me since they neglected to link to the NAA press release or data. Yet another drawback of the tired old media in comparison to blogs. For example, Joseph Weisenthal of paidContent.org links to both in his writeup. Earlier today, Rafat Ali announced some changes at ContentNext Media: I am stepping out of my position as CEO (something I was never comfortable with, as people who know me can attest...I always liked the Editor and Publisher title better); but will keep the role of Chairman. Additions & changes: Nathan Richardson, Chief Executive Officer
Patrick Dignan, Chief Sales Officer
Charlie Koones, new board member
Staci D. Kramer, promoted to Co-Editor and EVP The board of directors addition is worth a direct quote: "we are expanding our already-strong board to bring on key expertise in the entertainment media sector". (emphasis added) Looks to me like a clue... Here are some numbers for their Web sites:
ContextNext Media also hosts conferences and mixers. Quick update: Jeff Jarvis of BuzzMachine weighs in. Whenever anyone doubts the potential of the web to grow new journalistic enterprises, I point to PaidContent.org. Rafat Ali and his colleagues have built an incredible venture that hosts more tenacious reporting than most any news organization I know. I check it more than any other news source I depend upon. Now they announce a bunch of big appointments with big talent. It’s an impressive path of growth managed with cagey strategic care by Rafat. Earlier today, Douglas A. McIntyre of 24/7 Wall St. posted his list of The Twenty-Five Most Valuable Blogs. Some of his analysis is worthwhile, but the list is flawed. Mac Rumors as #2? Crazy. Drudge Report? I can understand that clueless old-media types may call it a blog, but surely most bloggers agree that it's not. BuddyTV? Not a blog. TravelPod? At best a blog host, but that opens up other candidates that probably weren't considered. Even ignoring the sites that aren't blogs, I doubt that half of McIntyre's list would make the "most valuable" cut if someone took the time to do a more thorough analysis. Other reactions: David Galbraith offers 6 reasons why the list ain't worth a dime. (I don't want to quote his whole post; go read it!) Mark Evans questioned how much of the valuation is tied to the founders ... though I side with his skeptical commenters. Commenter Alphanaliste offered some insight on Silicon Alley Insider's post: Valuations are nonsense unless they are based on what a plausible buyer or (ideally) buyers would pay. ... I'm not being sarcastic; I'm really interested. ... If someone can propose some names, I'm buying it. Until then, this is just a blogger proposing that blogs (including his) are worth more money than anyone has every shown. With my usual caveat that I take all data sources with hefty doses of skepticism, I've included some numbers below.
(* McIntyre rightly discusses the entire Gawker network; I took a shortcut and just included their highest traffic blog (Gizmodo) below.)
The New Yorker's March 31, 2008 issue (currently online) includes a long piece by Eric Alterman on "The death and life of the American newspaper". Until recently, newspapers were accustomed to operating as high-margin monopolies. To own the dominant, or only, newspaper in a mid-sized American city was, for many decades, a kind of license to print money. Not anymore. Independent, publicly traded American newspapers have lost forty-two per cent of their market value in the past three years, according to the media entrepreneur Alan Mutter. It seems that all pieces on the future of newspapers contain a passage like this one: (emphasis added) Among the most significant aspects of the transition from “dead tree” newspapers to a world of digital information lies in the nature of “news” itself. The American newspaper (and the nightly newscast) is designed to appeal to a broad audience, with conflicting values and opinions, by virtue of its commitment to the goal of objectivity. Insert "theoretical" or "claimed (but not actually followed)" before "commitment" and we might agree. Moving on to the future of news, Alterman provides some interesting background and details on the Surrounding the news articles are the highly opinionated posts of an apparently endless army of both celebrity (Nora Ephron, Larry David) and non-celebrity bloggers—more than eighteen hundred so far. The bloggers are not paid. Michael Gay of the Lost Remote TV Blog points out that Wikipedia lists many of the site's famous contributors. Co-Founder and Chairman Kenneth Lerer explains their goals: (commas removed for clarity) this new way of thinking about and presenting the news is transforming news as much as CNN did thirty years ago. Alterman's reply: It's an almost comically audacious ambition for an operation with only forty-six full-time employees—many of whom are barely old enough to rent a car. But, with about eleven million dollars at its disposal, the site is poised to break even on advertising revenue of somewhere between six and ten million dollars annually. Rafat Ali of paidContent.org corrects the misleading $11 million "at its disposal": that’s the amount it has raised [to] date, and probably spent a big chunk of... Alterman provides a useful comparison of staff levels: Even after the latest round of new cutbacks and buyouts are carried out, the [New York] Times will retain a core of more than twelve hundred newsroom employees, or approximately fifty times as many as the Huffington Post. The Washington Post and the Los Angeles Times maintain between eight hundred and nine hundred editorial employees each. The Times’ Baghdad bureau alone costs around three million dollars a year to maintain. And while the Huffington Post shares the benefit of these investments, it shoulders none of the costs. Milbloggers (military bloggers) might reply that reader-supported individuals such as Michael Yon have provided far better reporting than the entire Baghdad bureau. Alterman pinpoints one niche the Huffington Post has carved out: the Huffington Post has successfully positioned itself as the place where progressive politicians and Hollywood liberal luminaries post their anti-Bush Administration sentiments (Though I would say "a place" not "the place".) I've only covered about half the article, so follow the link below for more on:
Title: Out of Print
Subtitle: The death and life of the American newspaper.
Author: Eric Alterman
Publication: The New Yorker
Length: 6,745 words
Date: March 31, 2008
Earlier today, one of CNET News.com's blogs posted an interview with John Battelle, founder of Federated Media Publishing. The industry is really good at direct response advertising online ... which is sub $5 cost per thousand (CPM) for an ad. Here's how: I just don't think at the end of the day you can get the brand awareness and brand engagement using algorithms, putting (Interactive Advertising Bureau) banners next to content. You can get part of the way there. To get all the way there you have to have the kind of ecosystem that was the magazine business at the height of its expression, where you can really get into that and do some cool things working with the publisher, like (the equivalent of) a two-page advertising spread online. For more background on Battelle's views, see his March 16 post, e.g. While technology and ad platforms are essential components of digital marketing's future, they fail to address the core needs of brand marketers: engagement. And they fail to address the core needs of digital publishers: the support of marketers that allow them to make a decent living. Michael Arrington of TechCrunch noticed that Battelle talked about investing in some of the sites that Federated Media represents. Here’s what I think he really means: They’ll either buy sites outright, or guarantee revenue, or guarantee revenue in exchange for equity. A publisher wouldn’t consider Federated Media an attractive investor versus venture capitalists simply because it would mean tying their revenue to them over the long term. Ah, there's nothing like a nice fisking in the morning. Fisk (source: samizdata.net's blog glossary; see also: Wikipedia) Today's example comes from Daring Fireball, a popular Mac blog. 12 quotes from the Wired article (How Apple Got Everything Right by Doing Everything Wrong), 12 replies. If you don't mind some strong language, read the whole thing. When Michael Arrington speaks, tech bloggers listen. Today, mixed into a post on other bloggers raising money, he revealed his view of the elephant that is the blogosphere. I rarely quote such a long passage, but I made an exception here since it's part of a longer post that has a different focus. And writing good content is only half the battle. You have to figure out the complex, dynamic web of politics between bloggers and mainstream media before you post to know where to get support. And you’ll need support in the form of links from other prominent bloggers. An early push can take a post and make it a headline on TechMeme, which leads to page views and notice by sponsors. But since blogging is almost by definition a conversation between bloggers, fights tend to break out over emotional issues. Cliques develop. Can you count on them to support you down the road? Wow. That's certainly not my view of the blogosphere. (In case it matters: yes, Blogcosm is still new, but I've been reading blogs since more or less the beginning.) I have 2 explanations:
How much does each contribute? That's impossible to know. Some context: One frequent criticism of Arrington: he posts rumors without fact checking. Today's post is a case in point. Rafat Ali of paidContent.org calls him out: Mike, Despite your apparent cold war with us, all it would have taken you to get the facts is drop me an e-mail. Instead, you got it wrong on all counts:: TechCrunch reports that our company is looking to raise $2 million to $3 million and that we are also considering selling the company. I can’t say this clearly enough: he is wrong on ALL counts. For bloggers in fields other than tech: who is this Arrington guy anyway? Answer: he rocketed TechCrunch to the top of the tech blogosphere with obsessive coverage of Web 2.0 startups. The blog currently sits at #2 on Technorati's list of top blogs (by unique incoming links over the past 6 months). Yesterday, Greg Gershman of Blogdigger announced that the company had been acquired by Odeo. He's joining as VP of Search and Engineering: Basically, I'm doing what I did here, only I don't have to pay bills. ;) Richard MacManus of ReadWriteWeb has more from Gershman: [As] the blog search space grew more crowded, we tried a few different approaches to keep Blogdigger relevant. One was to expand into various other blog search applications, such as media search and local search. Media search really had the most traction, due to some of the search partnerships we had with sites like Webjay and Ourmedia. (Read the whole thing.) Stan Schroeder posts that Mashable will have Gershman on a podcast interview later this week. Duncan Riley of TechCrunch gives some background on the acquiring company: For the new Odeo (formerly SonicMountain) this is their second acquisition in just over 6 months, having acquired FireAnt in September. Odeo posted a note to their blog: Greg has been working with us as a consultant during the design and development phase of Odeo's new website and we are excited to have Blogdigger's technology powering Odeo's search and content aggregation engine. So, what does this mean for blog search in general? Here's some Alexa data:
Despite that people continue to be unsatisfied with Technorati, and have mixed views of Google Blogsearch, none of the alternatives have attracted a large audience. Conclusion: it's actually harder than it looks! I doubt this acquisition will help with blog search; the focus is clearly on audio and video. In any case, congrats to Greg Gershman. Yesterday we added Technorati and Alexa data to Louis Gray's FriendFeed list. Here's a roundup of what several bloggers on the list have to say about FriendFeed: Michael Arrington, TechCrunch.com
FriendFeed "Launches"
Ok, point taken. There are too many activity feed aggregators out there. So now we have FriendFeedFeed, to "Aggregate all your social networking aggregator feeds into one aggregated feed of aggregator activity feeds!" Awesome. Erick Schonfield, TechCrunch.com (Feb. 25)
FriendFeed Raises $5 Million, Now Open to Everyone
FriendFeed is still very much a work in progress. There is no search box (coming), there is no mobile version (coming), and there is no way to group or organize feeds other than chronologically...Yet there is something pure about FriendFeed that I hope does not get lost as more people (and features) join. Robert Scoble, Scobleizer
FriendFeed gets interesting
I love my FriendFeed...Why do I love it? It's one place you can find all my stuff and, even, comment on it. Eric Eldon, VentureBeat (Feb. 25)
FriendFeed, the best software for conversations, raises round and launches publicly
I've been using FriendFeed religiously this year, after reviewing it in detail last month, and I've been consistently impressed. Dave Winer, Scripting News
Loving My FriendFeed
...it's competitive with things like: Twitter, Facebook, Jaiku and Pownce. And it's simple and minimalist like Twitter, yet it fully embraces everything else out there that has a feed Loic Le Meur
Getting a FriendFeed new friend every minute or so!
Do you think FriendFeed is getting traction? Here is mine. Jeremy Zawodny
FriendFeed Launces, Provides New Lightweight Social Activity. Needs API
FriendFeed is, in a way, attempting to join together the loosely coupled bits of social "exhaust" I produce on the web. And at the same time, they've created another new source of activity that I'd like to pull back onto my own web site. Once the FriendFeed API is out, a whole bunch of interesting stuff is bound to happen. Brian Solis, bub.licio.us
FriendFeed Appeals to the A-List and the Entire Alphabet-List
The consensus is that FriendFeed is fun and definitely makes it easier and by far, more elegant, as a way of keeping a "pulse" on your network. The one thing that I need though is the ability to link directly to a "reply" option Steven Hodson, WinExtra
Would you hammer a nail with a shovel?
Like anything else it is all in how you used the tools that makes the difference...using FriendFeed means getting involved for a period longer than your coffee break. It means figuring out which of all those friend requests coming in are best suited for making your participation the most effective. Susan Mernit
FriendFeed and the stalkerati
We're in a world where...practicing transparency sometimes feels like a weird blend of the global village and an endless rout of self promotion. And a bit like stalkerati rule, too. Or, at least that's how felt when I read Louis Gray's post reporting on which A list bloggers are public on friendfeed, allowing others to watch their every click and post on their blogs, tweets, facebook and like 30 other social media apps. Jason Kaneshiro, Webomatica
Again: Why I Like FriendFeed
So here's why I continue to like FriendFeed:(read the whole post!) Jeremy Toeman, Live Digitally
From Geocities to Friend Feeds: The (de?)evolution of self-expression and stalking on the Internet
I'm still not sure why/if I need FriendFeed...nor if I plan to use it in the future...but at least I'm not judging from afar this time Frederic Lardinois, The Last Podcast
How did FriendFeed suddenly become controversial?
The real power of FriendFeed, as Steven Hodson points out in one of his signature cranky rants, is in the discussions it facilitates. It’s about participation, not just passive consumption. It is not just a place where you can find stuff - it’s a place to discuss that stuff with your friends. Ian Kennedy, everwas (Feb. 27)
Positive Interference
If I'm feeding my updates to a site such as Pulse or FriendFeed, I would rather be able to keep the conversation threads all together on my site or at least tie them together with something like a trackback to pull in threads if the discussion jumps over to another venue. The way Pulse and FriendFeed are built, your readers can never know what additional discussion is taking place which makes it an open loop of dis-jointed conversations that may never come together. (Note: Ian Kennedy is Product Manager for MyBlogLog, part of Yahoo. As he notes in the post, they are close to releasing a "lifestreaming" feature.) Corvida, SheGeeks
Louis Gray Is The Culprit
There have been quite a few tweets, discussions, and blog posts about the influx of FriendFeed friend requests and subscriptions, not to mention a host of new users joining the service. On Wednesday, Louis Gray posted a list of "elite bloggers" on FriendFeed. Here's a look at where they blog, plus recent stats from Technorati and Alexa. Below that: a roundup of some current buzz about FriendFeed.
(If you have suggestions for the missing categories, send email. Though we'll fill them in eventually.) Several bloggers have weighed in on FriendFeed: Duncan Riley of TechCrunch asks: FriendFeed Is This Years Twitter, But Why? -- complete with a pie chart ... and an answer by Bret Taylor of FriendFeed in the comments. Louis Gray replied: Duncan Riley Misses the Point of FriendFeed Mark Evans wonders if Louis was "the little shove that got FriendFeed over the ledge". Brij Singh has a more plausible theory: Gladwell! Your Tipping point is biased in favor of ex-Googlers Jeff Nolan of Venture Chronicles remains skeptical: "I think FriendFeed is pretty cool, but I still don't know why it's a must have." OK; there's plenty more, but that's a good start. Carla Thompson of The Guidewire is a fan, but suggests that people pay attention to Constructive Criticism of the service Umair Haque of Bubblegeneration tied the site to one of his longstanding themes: Edge Principles, FriendFeed Edition Bob Warfield of SmoothSpan includes it as part of a larger worry: Web Services Not Web Sites: Monetization Just Got Harder And, that's mostly from people not on the list! Here's what the "world's 50 most powerful blogs" thought of the list. (Update: we accidently published this post before it was complete; here's everything we found.) 4. kottke.org
The world's 50 most powerful blogs
"Powerful" seems to be a word used here for its succinct headline value...that adjective doesn't fit many of the blogs on the list. But The Observer has made an effort to build a wide-ranging list of blogs that you should be reading...it's very nice to be included. 5. dooce
Lemons into lemonade
I know, I know, with great power comes great responsibility, so I'm making the promise to you now that I am going to do everything I possibly can to make sure that bacon is served in more public schools. 6. PerezHilton.com
#6
Perezzers has just been named #6 on the U.K.'s Observer's list of 50 Most Powerful Blogs. We don't like that word - power - but thanks! 17. marbury
marbury power
According to The Observer, marbury is the seventeenth most powerful blog IN THE WORLD. I hope you're cowering. ps I have no idea why they think I'm the 'least likely' to ask if Mitt Romney is getting cuter. It's a perfectly good question to ask. The answer is no. But then, how could he? 19. Basic Thinking Blog (German)
50
21. Tibet Will Be Free
SFT #21 out of "The world's 50 most powerful blogs"
We are grateful and a little shocked, to be honest, but also very proud of the recognition. This is an honor that is shared by everyone out there who has ever posted a photo, sent a video to YouTube, or posted on their Facebook page. This online stuff matters and is noticed, so keep it up! 22. Jezebel
The 'W' In 'Web' Stands For
Women
29. The Cranky Flier
London/Heathrow Gets Ready to Play Musical
Airlines
Turns out that I was voted one of the the world's 50 most powerful blogs by The Observer in the UK. Holy crap! That's kind of scary. But, I'm guessing that means I'll have a bunch of new visitors from that side of the Pond... 33. Crooked Timber
Timber, Bookshelves, World Domination,
Etc.
It seems that everyone else around here is just too quietly dignified to mention that Crooked Timber has been listed as one of the world's fifty most powerful blogs by The Guardian. But not me. So: Woo hoo! 34. Bean Sprouts
Hello Observer Readers
We come in at #34, which is a big thrill, especially so soon after the blog was recognised by Amnesty International. It's all terribly subjective, of course, but it has already brought a lot of extra visitors and links which I always like to see. 35. The Offside
Check out Ronaldo's bubble
butt
In case you missed it yesterday, The Guardian (which is quite legit, believe it or not) listed The Offside as 35th in their list of "The World's 50 Most Powerful Blogs." No, I am not making this up. 39. Samizdata.net
Observing the blogosphere...but through a thick fog
methinks
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