Tag: newbiznews

  • A distributed strategy for news

    I’ve been talking with folks lately about the need to develop distributed strategies for news, which includes:
    * Widgets that enable people to embed your news (and links and brand) anywhere.
    * A platform strategy enabling people to build on your content, data, and functionality.
    * A network strategy that includes blog networks (a la Glam).

    The objection always thrown up is that Comscore/Nielsen/ABC et al won’t count that. I say we need to count differently. Rather than counting page views from users on a destination, we need to count relationships with people wherever they are.

    A few things to note in this context:

    * Google (which, by the way, now has more traffic than Yahoo — even though its real traffic should be counted via its distributed strategy with ads and widgets everywhere) accounted for two-thirds of search traffic to U.S. newspapers, which increased a third from 2006 to 2007. I assume that universal search — that is, the inclusion of news headlines in standard searches — has and and will continue to have a huge impact on traffic to news sites. Google is the new newsstand. (This, by the way, makes Mark Cuban’s silliness look even sillier.)

    * Reuters has opened its content up via an API. It’s thinking like a platform. This will distribute Reuters news anywhere and everywhere by enabling people to build value themselves atop it.

    * Note again TripAdvisor’s use of Facebook as a platform to gather (free) content more than distribute it.

    News cannot continue to think of itself as a destination. It has to think of itself as a feed that goes to where you are. Remember that momentous quote Brian Stelter got from a young person in the NY Times: “If the news is that important, it will find me.”

  • The plummeting value of newspapers

    Now there’s a second huge writedown of the value of a recent newspaper purchase.

    * Lee and the St. Louis Post-Dispatch, from Paid Content:

    Back in March, newspaper publisher Lee Enterprises (NYSE: LEE) warned that it would take a $500-$700 million non-cash hit related to its $1.4 billion purchase of Pulitzer in 2005. We’d wondered previously when that would happen, given that all of the other newspaper deals have resulted in major writedowns. In a 10-Q filing (via AP) last night, the company confirmed that it had written down $721.9 million worth of goodwill related to that deal. It also warned that the final numbers aren’t set in stone, and could still change considerably.

    * Earlier, the Minneapolis Star Tribune was written down twice: McClatchy had bought the paper for $1.2 billion and took a bath when it sold the orphan for $530 million and now the purchaser, Avista, has written that down by 75 percent. By my calculation, that’s a drop from $1.2 billion to $130 million — essentially a drop to 10 percent of its value only a decade ago.

    And it’s not as if anyone is going to see that the price is so low it’s worth buying a paper now. Only a fool will do that. Witness Cablevision and Newsday.

  • Tearing down the news-opinion divide

    Nick Denton — who’s doing his best to destroy all journalism, of course — goes after the most sacred of cows (at his most profane website) arguing that it is time to for The New York Times abandon the false divide between news and opinion.

    What’s really happening at The Times, in my view, is that its blogs have been a Trojan horse for the invasion of voice and opinion into the news columns. I say it’s a most welcome shot of blood into those old, gray veins. Nick gives plenty of examples, starting with:

    When Microsoft’s bid for Yahoo fell through, hotshot reporter Andrew Ross Sorkin produced a scathing analysis of the deal-making skills of the Redmond software giant’s boss, Steve Ballmer. ‘Microsoft has tried to spin its reversal as a show of “discipline” and “self-control.” But what it really shows — painfully — is Mr. Ballmer’s indecisiveness about this deal.’ Ouch! And fun! But you won’t find Bill Keller and his fellow editors boasting about Sorkin’s punchiness: because they’re still in denial about the blurring of news and opinion, and so much else.

    I’ve also valued finally getting Saul Hansell’s opinions (call it analysis, then) in the Bits blog. And I like hearing the voices of the other writers in the other blogs. This, as Nick points out, is one way for newspapers to battle the commodification of news: “An intelligent or provocative slant is one way that a newspaper can differentiate its story from the thousand other rehashes of the same information. British hyper-competitive newspapers have made an art of such spin; as America’s media becomes more competitive, outlets are following Fleet Street’s example.”

    So opinion crosses a media divide: How can you write a blog without a human voice? And once you import stuff from that blog, even a Times blog, into print, you’ve brought in a human voice — that is, one with a stated perspective — into a publication that has prided itself on having no perspective. Heh.

    There’s another divide to consider here, an organizational divide. Don’t forget that at The Times and many American newspapers, there’s a wall between business and editorial and another wall between the newsroom and the editorial page. The silly conceit of this is that opinion can be relegated to and imprisoned in the walls and pages of an editorial department: They own opinion and nobody else is allowed to have any — and that is the inoculation that has, historically, preserved the news department’s own conceit that it is objective: See, we don’t do opinion, those people over there do.

    So one has to ask what the difference is between Andrew Sorkin and Paul Krugman except that Sorkin is paid to spend more of his time reporting with more sources. So — no offense to Krugman; I just picked the most convenient beat — but what whose opinion/perspective/viewpoint is more useful? If we take the argument that newspapers make against blogs — they just have opinions; they don’t report — that would give the contest to Sorkin, now that he is allowed to have opinions. So what’s the point of having opinion-page columnists? Why not just have reporters who can also share their perspective?

    There’s another opinion divide to consider: inside v. outside. What about those bloggers? As newspapers get relationships with them — The Times has taken Freakonomics under its wing and the Washington Post today announced it is syndicating TechCrunch onto its side (as it syndicates my PrezVid) — one need wonder about their opinions. They have them. Michael Arrington certainly has them — including opinions about mainstream newspapers, we should remember. So how does that fit with the news-opinion divide? I was surprised to learn recently that Freakonomics is under The Times’ Opinion section. Why? The Post put TechCrunch stories on its technology news page. What’s the difference: prissiness, as Nick says, or turf battles? (And by the way, in all these cases, I think a network relationship is smarter than a syndicated relationship — but that’s the subject of another post another day.)

    Nick concludes:

    You know what? Screw the news-opinion divide. When the Times was still pure, reporters would simply trot out some tame expert to give the story the slant they planned; it’s less convoluted–and wordy–for writers like Sorkin and Stanley simply to express their own views. Readers can get raw information from wire services and press releases; the only value the Times can add is time-saving summarization–and attitude.

    The Times is the closet-case of newspapers. Everybody knows that the political bent is liberal; that the newspaper’s reporters have opinions; and that they’re hungry for a juicy story, even if the rush to publish can introduce mistakes. None of these are crimes; they only become embarrassments because of the paper’s official position. Bill Keller needs simply to come to terms with the nature of modern newspapers. He and his colleagues will feel so much lighter if they do.

    Of course, I agree. But I think The Times will be the last to admit it’s human. So if I were the editor of another paper in the U.S., I’d take down the divide and say that we’re all about our perspective with facts; that’s our value. The check on us is you and your opinions out there in the public, now that they can be heard (if the paper will listen).

  • The coming battle over local, local news video

    NBC is going to start a 24-hour local TV channel in New York, competing with lots of other players: Time Warner’s NY1 and Cablevision’s News12s, not to mention newspaper video — see Rachel Sterne’s argument that newspapers are starting to steal the beat on live video from TV — and lots of independent comers — see Josh Wolf’s experiment in a live video network covering the Olympics torch protests on the West Coast using mobile phones, Qik, Twitter, and more.

    It’s crowded turf, local. But this is exactly where local broadcast must seek its future — its survival — while its value of a distributor diminishes to zero.

    Steve Safran lectures broadcasters, telling them that their salvation is not technology but local. I think the mistake is for broadcasters to think media at all: It’s about real reporting (of which local TV news does precious little, let’s remember — nobody needs fires 24/7), real service, a real connection with the community across any and all media. It’s not about channels or even web sites or mobile. It’s about service and a meaningful connection with the community.

    And it’s about finding ways to serve many more, much smaller advertisers in many ways. There, local broadcasters will battle with local newspapers and with local cable MSOs and there’s no way to predict the winner. The war is on.

    The Wall Street Journal says of the NBC project:

    NBC is investing several million dollars in the venture, building a “content center” that will house local TV staff and operations. NBC doesn’t plan to hire a new staff for the channel, but instead said it will retrain its existing staff to produce news for the regular affiliate broadcasts, the 24-hour network and a new version of WNBC’s Web site, to be called NBC New York.

    If successful, the New York channel will serve as a model for other markets, including Los Angeles, Philadelphia and Chicago, where NBC owns the NBC-branded local station. In most smaller markets, the NBC-branded affiliate is owned by another affiliate group.

    “We think this will be better for advertisers,” said WNBC General Manager Tom O’Brien. “We’ll be able to aggregate different audiences and create a bigger audience, and that gives us a lot more opportunities to go to the advertising marketplace.”

  • Print sucks

    Below, I linked to Colin Crawford announcing IDG’s transition from being primarily a print to primarily a digital company a year ago and today the NY Times wrote about it. Colin follows up today on his blog and says (my emphasis):

    There’s a lot to this story but one of the most important issues is that by being unburdened by print allowed the team at Infoworld the opportunity to focus on the changing needs of their customers and to develop online , event and mobile products. It’s changed the culture of that brand.

    Yes, print is a burden. It’s expensive to produce for it. It’s expensive to manufacture. It’s expensive to deliver. It limits your space. It limits your timing. It’s stale when it’s fresh. It is one-size-fits-all and can’t be adapted to the needs of each user. It comes with no ability to click for more. It has no search. It can’t be forwarded. It has no archive. It kills trees. It uses energy. It usually brings unions. And you really should recycle it. Wow, when you think about it, print sucks.