The end.

November 30, 2008

How to not make money in the news business.

Filed under: newspapers, web — Tags: , , , , — admin @ 6:14 am

This is one way:

It was in 2004 when ‘the guys in pajamas’ brought down CBS News and Dan Rather. We were all amazed that amateurs could have this kind of media power. The monopoly of a ‘trapped audience’ was failing, as the audience started to do a better job than the professionals. And the professionals didn’t like it. 

According to Rupert Murdoch, in a recent speech, the public’s trust in the news media has pretty much evaporated and the business won’t recover until they earn it back.

“It used to be that a handful of editors could decide what was news–and what was not. They acted as sort of demigods. If they ran a story, it became news. If they ignored an event, it never happened,” Murdoch said.  – See CNET story – ”Murdoch to media: You dug yourself a huge hole.”

And there used to be fat profits in the newspaper business, but no no more,  even AP announced layoffs and the New York Times ad revenues are down 17.2%.

This is another way:

Since the profits in the news business are disappearing anyway, why not choose to not make any?

The Voice of San Diego was started, not by ‘guys in pajamas,’ but professional journalists, who have left the old media for one reason or another. It’s web-based, set up as a nonprofit, and it’s getting noticed by taking on the stories the old media didn’t cover but the public needed.

“VoiceofSanDiego grew out of a string of spectacular municipal scandals. City councilmen took bribes from a strip club owner, a mishandled pension fund drove the city to the brink of bankruptcy and city officials illegally covered up the crisis, to name a few.

A semiretired local businessman, Buzz Woolley, watched the parade of revelations, fraud charges and criminal convictions, seething with frustration. He was particularly incensed that the pension debacle had developed over several years, more or less in plain sight, but had received little news coverage.” – Read the full story in the New York Times — “Web Sites That Dig for News Rise as Watchdogs.”

Several other web-based, nonprofit, news services have started up in places like Minneapolis, Seattle and St. Louis. These kinds of organizations are often funded by wealthy benefactors or family trusts. And they will most likely benefit from the professional staff layoffs in the old media.

Go with the flow whenever you can. But watch out for those guys in their pajamas.

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November 25, 2008

Everyone should get a $1 million bailout. Crazy idea?

Filed under: economy, ideas — admin @ 10:05 am

This post is not about media, but a possible end to the financial crisis.

I can’t stop thinking about this. In a previous post, I had a crazy idea that giving a cool million to each citizen makes more sense than bailing out faulty banks and companies.

Now that they’re in line to receive almost $8 trillion and still counting, I still think so. And everytime I hear about one more of these bailouts this idea keeps coming back.

With the U.S. population at about 300,000,000, if we each received $1 million that would add up to about $3 trillion instead of the $7.7 trillion currently in the works.

There would be no poverty, the toxic mortgages could be paid off and taken off of the books, the banks would be flooded with new accounts and money to lend, credit cards could  be paid off, everyone could have health care, and an education of their choice, the taxes on the money would fill the coffers of the government, new cars and homes could be purchased, gas tanks filled, struggling businesses saved, new businesses started, retirees would have enough to live on, the malls would be filled, the government wouldn’t need all the spending, and the media would thrive covering it all. Talk about a stimulus package?!

One negative for the country is that some of us might not want to work anymore. So there might be a work requirement attached to the payment.

What do you think?

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November 19, 2008

And now for something competely different.

Filed under: video — Tags: , — admin @ 9:14 am

Watch out — The Pythons just launched their own YouTube channel, and are declaring war!

Everything old can be new again.

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November 17, 2008

The next bailout — newspapers.

Filed under: newspapers — Tags: — admin @ 5:53 am

American Press Institute summit conference has concluded that there is no way out without a bailout. And Jon Fine has posted a ‘tongue in cheek’ bailout proposal on his Business Week blog.

Such talk was inevitable given the dynamics that face the news media today. Even as they struggle to reformulate an entire profession and industry. (pdf download) One idea being passed around is that some news coverge should be formulated by ‘experts,’ not journalists, as the subject matter is becoming more complex — enter the blogger.

Why, if the press had been living up to their responsibilities in a free society, and using the powers granted to them, did they not investigate this financial debacle brewing for quite a while now? If they had merely done their job, we might not be in this crisis. They may have dug their own hole.

“There they are,” he declaimed, “those underpaid scriveners, slovenly, gin-soaked, easily corrupted, ill-clad and unkempt, malodorous and lacking either grace or charm. And yet, we who recognize the Three Estates, understand there is a Fourth Estate, the press, more powerful than all the rest.”  (Quote from James Brady, Forbes Magazine.)

Edmund Burke

“In old days men had the rack. Now they have the press. That is an improvement certainly. But still it is very bad, and wrong, and demoralising. Somebody – was it Burke? – called journalism the fourth estate. That was true at the time, no doubt. But at the present moment it really is the only estate. It has eaten up the other three. The Lords Temporal say nothing, the Lords Spiritual have nothing to say, and the House of Commons has nothing to say and says it. We are dominated by Journalism.”

The Soul of Man – Oscar Wilde

In spite of their structural and financial troubles, they have immense powers, and responsibilities. They are supposed to be our watchdogs. 

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November 9, 2008

The Unfinished Swan.

Filed under: video, web — Tags: , , — admin @ 8:55 am

Getting tired of focusing on all the negatives of the old media. Here is an interesting piece of new media. This is part of an unfinished video game by Ian Dallas. Hope he finishes it soon.


The Unfinished Swan – Tech Demo 9/2008 from Ian Dallas on Vimeo.

 

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November 8, 2008

The End of Rodney Smith.

Filed under: art, photography — Tags: , , — admin @ 8:23 am

Rodney Smith, the elegant and quirky photographer has announced his end. I found this startling news in his charming newsletter. 

Mr. Smith is immensely talented. Someone I often tried to use for my clients, but was never successful, sadly.

He is a master of the ‘old technology,’ no digits! And is publishing a gorgeous, giant and expensive tome of his photographs. Very lovely design and photos! Please take a look.

But it’s not clear to me why it’s titled — ‘The End.’ Is it because the new digits have overtaken the old model and he can no longer continue his work? Is this the end of it? Oh no!

Professional photographers have not been left out of the digital expansion. The ubiquitous digital camera and the web are the culprits as many amateurs are now producing fabulous images. Anyone browsing through Flickr or ffffound (warning — some adult content) will find stunning non-professional images. Will try to get some links up to what I’ve found.

The professional photographer’s business model is under duress.

There’s a reason we say — ‘take a photograph.’ It’s because the photographer owns the image, not the subject. It’s taken. (Stolen?)

This is something I’ve never really understood. Because it’s the content that’s the basis for the image. Without it, there would be nothing. 

True, the photographer chooses composition, sometimes the subject matter, etc. And has artistic and technical control of the production which makes the resulting images unique. But why shouldn’t the person or even the owner or designer of the subject matter, the car or house, etc. retain ownership? They are often paid for their services while the photographer owns the image. Why isn’t it the other way around? After all, it’s reality they’re taking.

Apparently it’s the business/copyright model that was set up so that photographers could make a living once they mastered the nondigital photographic technology.

That’s changing. But let’s hope Rodney Smith continues his lovely work. Masters never end.

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November 5, 2008

Michael Crichton dies.

Filed under: publishing — Tags: — admin @ 12:10 pm

I’m so sad to learn that Michael Crichton has died. He was 66 and apparently privately fighting cancer.

Michael Crichton was a man I admired immensely. Very handsome, very tall, very smart, very charming, very contrarian, very funny and now, sadly, very much missed.

He trained as an MD at Harvard, but wrote novels as he studied. The Andromeda Strain was one of them. But it was Jurassic Park, the book and movie, that brought him wider fame and fortune. Always an exciting read, his books are chock full of well researched facts, including footnotes, often opening eyes to new ways of thinking. His prose acted as the wrapping around the fantastic nuggets of knowledge that are at the core of his writing. Reading Crichton was not just entertainment, you were assured of actually learning something. 

His work included 26 novels, gobs of screenplays, TV shows, speeches, essays, and lectures.

 I was currently preparing a post based on his own prediction of the end of the media.

Mediasaurus is a 1993 speech he gave at the National Press Club that was published in Wired Magazine. It was shocking at the time, especially to the press. This is how it begins –

“I am the author of a novel about dinosaurs, a novel about US-Japanese trade relations, and a forthcoming novel about sexual harassment – what some people have called my dinosaur trilogy. But I want to focus on another dinosaur, one that may be on the road to extinction. I am referring to the American media. And I use the term extinction literally. To my mind, it is likely that what we now understand as the mass media will be gone within ten years. Vanished, without a trace.”

 An interview in Slate in May of 2008 acknowledges how right he was. As usual.

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The end of Web 2.0.

Filed under: economy, web — Tags: , , — admin @ 8:13 am

Let the bust begin. But hang on tight, it’s going to be a very bumpy ride!

According to the venture capitalists and angels in Silicon Valley, the capital that is the life blood of our digital future, especially Web 2.0, has stopped flowing. Seems the business models of Web 2.0 were being questioned at the same time that Wall Street and the US Government screwed up our financial system big time.

Michael Arrington, the founder of TechCrunch has written an obituary on Web 2.0. And posted Sequoia Capital’s 56 Slide Presentation Of Doom.

An obit was also carried on Om Malik’s blog GigaOm and in the LA Times. This was in an article in the Financial Times

Many of the companies that emerged in the recent start-up boom will end up “spattered on windshields and radiator grills and be forgotten”, said Michael Moritz, a partner at Sequoia Capital and an early backer of Google and Yahoo.

And a bit of irony appears as layoffs are being reported first on blogs before companies have informed their employees. Some companies unfortunately are now forced to twitter first, layoff second, according to the New York Times.

If you want to keep track of the layoffs see the gloomy ‘Layoff Tracker’ at TechCrunch, and another Scorecard at CNET.

It’s a sad day. Especially when you realize that it didn’t have to happen.

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