Any movie buff could tell you that the Academy Awards telecast is scheduled for this Sunday March 7th. They have seen the nominated films, they have watched the awards shows all season, and they are eager to view the most coveted validation of film success – the awarding of the golden man we call Oscar.
What they might not know, is while they are surfing the web for real time updates, photos and behind the scenes videos, E! Entertainment and Google will be teaming up to capitalize on their interest with real-time updates to E’s internet advertising.
Emily Steel of the Wall Street Journal reported yesterday, “If a celebrity makes a red-carpet appearance wearing outlandish attire or an award winner makes a newsworthy speech, E will alter its Oscars-related ads within minutes. The media company’s goal is to make sure consumers searching for the subject on the Web find their way to E’s online photo galleries, live blogs and fashion-police critiques.”
Suzanne Kolb, president of marketing, news and online for E! Entertainment, says “The live updates to search ads will help position our online coverage at the top of the Google search results for people seeking Academy Awards-related content,” and really, nothing beats landing at the top of the Google results.
Despite their strategic efforts to optimize results during the Oscar telecast, E! is not broadcasting the show, ABC is. Not one to be outdone, ABC is turning to the web to take advantage of real time, web based interaction as well.
Steel reports, “New features this year on the Walt Disney network include tie-ins with microblogging site Twitter, interactive games and a live video stream from the red carpet, where hosts will interview nominees. Through a partnership with social-networking site Facebook, viewers will be able to submit questions live.”
While television spectacles like the NFL’s Super Bowl tend to attract major television advertising dollars, it seems the Oscars advertisers are more interested in the web.
If this trend continues, could we have commercial free awards show broadcasts in our future? A girl can dream.
Not only are consumers spending more time than ever before on social networks, they’re also using social networks as a one-stop-shop for news and information. The latest study released by Pew Research Center today found that 75 percent of online news consumers get news forwarded through email or posts on social networking sites.
However, online news consumption isn’t completely taking over offline (mainly TV and radio) consumption. Instead, consumers are combining both offline and online sources to digest news. In fact, 59 percent of the 2,259 U.S. adults (18+) surveyed, noted they use both sources. Meanwhile, only two percent noted they only use online sources for news and 38 percent of those surveyed still use offline sources as their main news provider each day.
Pew goes onto note that today’s multi-platform news environment is becoming portable, personalized and participatory:
33 percent of cell phone owners now access news on their cell phones
28 percent of internet users have customized their home page to include news from sources and on topics that particularly interest them
37 percent of internet users have contributed to the creation of news, commented about it, or disseminated it via postings on social media sites like Facebook or Twitter
Looking closer at Facebook as a news hub, it will become increasingly important for brands to ensure that their messages and announcements penetrate the social network. This could be through their Facebook fan pages, personal posts, aggregation buttons on corporate blogs or even journalist posts. In addition, news stories with brand and message inclusion should also be scored on if they make “most emailed” lists, are posted to an outlet’s Facebook page (i.e. the New York Times posting a story) or if a reporter personally posts a story to their page (example illustrated above).
Personally, Twitter has been a great crowd-sourcing tool for myself each morning that often beats the morning paper in terms of multiple sources, stories and varying points of view. However, I’ve found myself going to Facebook for the same type of crowd-sourcing recently. With the combination of friends’ updates and news posts from both friends, colleagues, news outlets and clients it becomes a more personal experience. I also find that with more information posted (no character limit), I spend less time clicking through to stories (not necessarily a good thing for media companies).
And that personal experience isn’t only key for myself. Despite all of the online activity, Pew notes that the typical online news consumer routinely uses just a handful of news sites. Most likely because the news and information is overwhelming and consumers opt for sites that they are comfortable with and engage within themselves.
Jon Meacham Appearing on Charlie Rose, upon the launch of the “new” Newsweek (Last May)
Newsweek’s “intellectually satisfying” new layout may not be working out as planned. Keith Kelley of the New York Post reports today that the Washington Post Company (owners of Newsweek) somewhat hid within their Q4 earnings that Newsweek lost $28.1 million in 2009. Newsweek CEO Tom Ascheim tells Kelly that they expected losses in 2009 and even in 2010 with their lower circulation, but expect to break even by 2011.
We reported last May on the transformation of Newsweek; from a venerable weekly into an Economist-like read for the intellectual elite. As part of the transformation, Ascheim and Meacham laid the groundwork for trimming down its circulation from 3.1 million to 1.2 million. As of January, Newsweek had cut its circulation down to 1.5 million. The circulation cut, which was done to focus on its “core readership,” also laid groundwork for trimming its staffing costs. Newsweek has offered severance to 44 staffers over the last year.
Despite trimming and cover stories such as “The Case for Killing Granny,” “Is Your Baby Racist?” and “Obama is Wrong,” Newsweek struggled with its transition throughout the media meltdown of 2009 (no different than most magazines). According to information from the Magazine Publishers of America the magazine witnessed a 25.9% drop in 2009 ad pages and a $105 million loss in revenue with its print business. Yes, you can blame the gradual circulation change and redesign, but what business could stay in the green with a 30 percent loss in money coming in – no matter how many people you lay off.
Things may turnaround for Newsweek as we continue to come out of the economic tumult (Ascheim notes Q4 was their best), but does the Washington Post Company have the stomach to wait until 2011 to break even? And perhaps more importantly what is their online strategy to offset these losses? Is there a paywall in the future?
“Fox News, Fair and Balanced.” Some say, it’s the most biased slogan in all of news. Others would argue that Fox News isthe most believable.
No matter what side of the fence you’re on, it’s tough to argue with the fact that there are more sources than ever before in the age of cable news and digital media, with varying shades of slant sprinkled throughout them.
In fact, a study last year by the PEW Research Center found that nearly 74% of Americans believe news organizations tend to favor one side of story and 60% believe news organizations are politically biased.
One new multi-media startup aiming to address these issues, along with the need for cost-effectively produced web and mobile video content, is Missouri-based Newsy.com. Newsy.com is a online video news site that monitors, analyzes and presents multi-sourced (or unbiased) news in video form for multiple platforms. The service is positioned as a video analyzer, not a video aggregator (such as VideoSift or Dabble.com), which means it employs an editorial staff to assist with the analyzing, sourcing, producing and repackaging rather than simply aggregating the video content.
“Look at the health care issue right now and there are likely 15,000 pieces of news coverage in all forms,” Newsy.com’s Founder and President Jim Spencer noted to me last week. “We sift through all the pieces of coverage and present one multi-sourced video.”
Missouri would seem like a funny home for a video startup to most, but Spencer, a J-school graduate from the University of Missouri, found just what he was looking for in returning to Columbia. A natural partnership with the J-School lowers staff and production costs, while offering two courses to students: An online audience development class, and a global converged news class taught by Newsy.com Vice President of Editorial Pam Maples, who was previously the managing editor of the St. Louis Post Dispatch.
Another cost saver is Newsy.com’s proprietary technology that manually records and captures content. This allows the company’s 22 full and part-time employees, and assisting students, to sift through hours of media in an efficient way. All of this, in addition to the overall production prices being lower in Missouri than San Francisco or New York allows Newsy.com to analyze, produce and distribute news at a discount of as much as 40 percent on the dollar. Or as Spencer notes, “We can now compete with Mumbai.”
The notion of being “smarter and faster” provides several revenue stream options for Spencer, who is a veteran of new media offerings. Formerly the VP of Content and Answers at Ask Jeeves (Ask.com) and the GM of News and Information Programming at AOL, Spencer believes Newsy.com can drive revenue in a variety of ways outside of traditional on-site advertising. Namely, content licensing, branded news casts and revenue shares through syndication.
These revenue streams also apply to mobile video, which Spencer sees as a big opportunity. “There is a demand for short video news analysis on mobile devices,” he noted. The iPhone and its support of high quality video is certainly a driver of that. Last June, YouTube reported a 400% jump in video uploads driven by the release of the iPhone 3G and there’s an equal demand for consuming video on mobile devices. In fact, Newsy.com’s video news app for the iPhone reached number five on the list of free apps in the News category within the iTunes App Store last October (ahead of TIME, Wall Street Journal and Huffington Post apps).
Spencer, who plans to launch a similar video playing app for Android this week sees this growth as validation of Newsy.com’s platform agnostic approach. “It’s an affirmation of our multi-sourced, multi-platform approach. We’re ahead of this trend.”
At least it seems to have happened to Rolling Stone. It could be a DNS server issue as Mashable notes, but it does look very similar to the generic hosting service page you get when your site in unpaid.
The site is now updated to an error message, but still no content. Being down for the full day won’t help with Web traffic for the magazine’s Website, which has steadily decreased over the last six months.
Earlier this week New York Times business reporter Zachery Kouwe resigned following a plagiarism debacle. While attention was originally drawn to an article that appeared exceptionally similar to a story in The Wall Street Journal, an investigation found that additional articles by Kouwe appear to have been plagiarized from various other media outlets.
Kouwe’s job was focused on writing for the Times‘ DealBook section and blog, which requires relatively short posts and articles about the large amount of business-related news.
While I was not in Kouwe’s position, I’d imagine that he spent most of his days browsing through press releases and news to identify topics for the blog, and used these releases and article as sources for information. Yes, he should have been more diligent in writing this information in his own words, but I don’t think this is entirely his fault – there is a problem with the system.
As blogs and breaking news reporting have taken over our news cycle, reporters have begun using other media outlets as sources more regularly. It’s easy to simply throw in a boxed quote onto a blog post – and enables you to get the information to your readers more efficiently and quickly then re-writing it yourself. However, if Kouwe simple posted large amounts of Wall Street Journal and BusinessWeek content into his articles, the Times’ would suddenly look like the Business Insider – which they definitely don’t want.
While only Kouwe knows if his plagiarism debacle was intentional or not, it’s clear that his job was to produce a lot of content daily through news announcements and articles, because there was no way he had enough time to actually investigate news like in the past. Is it his fault that he wrote his articles a little too carelessly or the Times’ fault for putting him in this position to begin with?
Chat with a producer, beat writer or editor these days about what they’re interested in and the first word you’ll likely hear is “exclusives.” The “background” conversation usually goes something like this:
Executive or PR Guy: So what are you really following these days; any ideas what you may be looking at in the near future?
Pay-by-exclusives Reporter: What I’m really interested in right now is exclusives.
Executive or PR Guy: Great, yeah, I’ve seen a few of yours. You following the high speed Internet race?
Pay-by-exclusives Reporter: You have exclusive information there?
Executive or PR Guy: No, no inside information here or anything to announce, but what Google is doing will certainly shake-up things.
Pay-by-exclusives Reporter: “Google planning to shake-up telecom industry,” I may run with that on wire. You haven’t shared with others right?
Executive or PR Guy: Umm
Pay-by-exclusives Reporter: Don’t worry, you can trust me, how do you think I get all these exclusives? Going to chat with some other folks now before I file, thanks.
Albeit a bit exaggerated, it gives you a look at the extent of focus on exclusives these days (even if they’re not necessarily real yet) at all the major news services: Dow Jones, Reuters, AP and Bloomberg. Flatly, if they’re not breaking news, it’s not news. And if you’re (reporter) not producing news – you’re fired.
I’ve covered it before, but what is really changing is how tightly intertwined breaking news stories are with compensation and job safety.
And as Gawker covered this morning, it’s coming to a head within the walls of these news organizations. Following in the footsteps of the “breaking news points” system established by Bloomberg, the competitive field has established similar standards.
However, Gawker is reporting that AP staffers are planning to fight back against this “culture of fear.”
Our AP source says a majority of the staff — 90 percent, this person claims — are about to send a jointly-signed letter to Business Editor Hal Ritter accusing him of “installing a culture of fear.”
Will it help? Probably not. It’ not the management of these news organizations that are making these rules, it’s the market. Speed of “important” information, is the only revenue driver news organizations have left on the Web (unless they put up that wall). You can’t put the genie back in the bottle at this point. Unless these news organizations move towards some sort of non-profit model, it will only get more competitive and more fearful for the paid-journalists that remain.
In what may be a sign of things to come, Inc. magazine is leaving its plush Greenwich Street digs in Manhattan (which includes one of the best views on the island), and hitting the virtual road – at least for the foreseeable future.
In what the magazine is promoting as “a little experiment” to see if an established business can become a virtual office, Mansueto Ventures (parent company to Inc. and Fast Company) is kicking its Inc. staffers to home or nearby hotels.
One wonders if the move is really “a little experiment” to see if a virtual news room can work; with an eye towards ridding themselves of what must be very expensive property in Wall Street. However, there is no word of Fast Company staffers making the move as well (they share the space).
Mansueto isn’t the only media owner conscious of high-figure “space” costs, which can no longer be offset by media revenues. Steve Forbes just unloaded Forbes iconic 5th street offices to NYU and the New York Times has been executing on sales-leaseback plans with its new New York Times building.
Although it puts a damper on desk side chats and media tours, fans of the Inc. (like myself) should root for the experiment to succeed. If they can’t make it outside New York, they can’t make it anywhere.
Live-blogging has become an important aspect of launching products and services at media events. The 1440-minute news cycle is influenced on a tweet-by-tweet basis and if you can maximize “live buzz” the chances of your news sticking around for more than a Hollywood-minute are pretty good.
Apple has mastered the craft of creating venues for live-blogging. They set up venues with stadium style seating and fast connections, while always saving the biggest piece of news for last. This creates the need to hang on every word, sentence and slide they present.
Despite Apple’s polish though; live-blogging has struggled to become enjoyable to follow for tech fanboys. In fact, mainstream publications like the New York Timesproved again yesterday that they don’t quite get what readers are looking for in a live-blog. Namely, speed and visuals.
That said, tech blogs used yesterday’s event as a coming out party to illustrate that they’ve come a long way since the live-blogging of 2006. Today, live-blogging produces several high-quality photos a minute and real-time updates. There were probably too many live-blogs to count yesterday, but I happened to stumble across a few of the best as Leo Laporte and Ustream managed to loose me with their inconsistent audio. Here’s my thoughts on the best:
#1: gdgt: Ryan Block kept my attention the best. His posts appeared to be faster than anyone else that I saw and picture updates were seamless. Or as Nick Bilton of the Times’ Bits Blog called their posting “like an Olympic diver; not even a splash.” It sounds like Ryan may have had the Rackspace hosting guys working a little overtime to make it happen.
#2: Gizmodo: Jason Chen and Brian Lam took the live-blogging on in tandem, which was unique. True to their nature their sarcasm was a little stronger than engadget’s or gdgt’s and their pictures were just about the same. However, it appeared that Gizmodo may have been better prepared for the lighting than engadget.
#3: engadget: Joshua Topolsky, who pals around with Jimmy Fallon in his spare time, did almost as well, although he did seem to lag behind Ryan on speed of posting information. He was on pace with posting pictures but they appeared to be of slightly less quality and darker than Gizmodo’s (may have been his angle). Topolsky stayed focused on bits of information and direct quotes from Jobs’ himself. Engadget’s servers also appeared to be less prepared as the site struggled with traffic.
One would have to be living deep under an enormous rock not to know that today Apple is launching its new product – the iPad. As the media continues to flood with buzz about the product launch, there are several key takeaways for businesses planning their next product launch:
1) Who are you again? – Part of the reason the Apple iPad is creating such a stir is that it’s attached to a major brand name. If the press and consumers already know about your company, they will be more eager to see what you do next. Building strong brand recognition should be a top priority in on-going business strategy.
2) Go big or go home – Although this may seem obvious, when launching a new product, be sure it is actually new. Offer your target market something completely unique that the industry has not yet seen or experienced.
3) Anything you can do, I can do better – Consumers are already able to read content on their laptops, mobile phones and e-readers, but those screens can be small. Apple is bringing to market a product that will enhance electronic reading with a large, sleek screen and agreements with newspapers and magazines to display their content on this new wider lay out. Why have something that only meets some of your needs, when you could have something that meets all?
4) X Marks the Spot – When blocking off a day on the calendar for a launch, be sure to do your homework. Find out what other stories and events are taking place that same day or week. For example, launching a product today, the same day as the Apple iPad announcement and the President’s State of the Union address would not be a good idea. Choose a date for your launch when the story will have the biggest impact.
5) Plant the seed – Want to make a splash on launch day? Let your top press targets know about the announcement in advance. Although the topic of embargoes is a heated debate amongst PR professionals and reporters, if a reporter is willing to honor an embargo, giving them time to research their story in advance of launch day is extremely beneficial. Highly informed, accurate news coverage is the best kind of coverage.
Disclosure: Racepoint works with Sony’s e-reader division.
