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		<title>GigaOM &#187; advertising</title>
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		<title>Twitter unveils new multi-screen deals with &#8220;Twitter Amplify&#8221;</title>
		<link>http://gigaom.com/2013/05/23/twitter-unveils-new-multi-screen-deals-with-twitter-amplify/</link>
		<comments>http://gigaom.com/2013/05/23/twitter-unveils-new-multi-screen-deals-with-twitter-amplify/#comments</comments>
		<pubDate>Thu, 23 May 2013 15:16:43 +0000</pubDate>
		<dc:creator>Jeff John Roberts</dc:creator>
				<category><![CDATA[advertising]]></category>
		<category><![CDATA[multi-screen]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[Twitter]]></category>

		<guid isPermaLink="false">http://gigaom.com/?p=648765</guid>
		<description><![CDATA[Twitter is rapidly expanding its "multi-screen" ad offerings through a range of new partnerships with sports, news and other media companies.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=648765&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>Twitter is teaming up with everyone from Bloomberg Television to Major League Baseball as the social media site expands its range of &#8220;multi-screen&#8221; partnerships. Other new partners, announced Thursday morning at an advertising event in New York City, include Conde Nast, New York magazine and Discovery.</p>
<p>Twitter is framing the partnerships as a way for marketers to reinforce brand messages by reaching consumers on television and small screens at the same time. For consumers, this is likely to mean seeing more video content within their Twitter feeds and more hashtags on the shows they watch. In its <a href="http://advertising.twitter.com/2013/05/Amplify-TV-commercials-on-Twitter-Premiering-TV-ad-targeting.html">news release</a>, Twitter framed it this way:</p>
<blockquote id="quote-we-think-these-types"><p>We think these types of two-screen sponsorships are a win-win-win. Users receive spectacular, timely content that rounds out their TV experience or reminds them to tune in. Powered by Promoted Tweets, broadcasters reach new audiences and open up new business lines. Brand advertisers get, for the first time, an integrated cross-platform tool for reaching the social conversation wherever it happens.</p></blockquote>
<p>The company is branding the deals as &#8220;Twitter Amplify&#8221; or, as one executive said on stage, simply &#8220;Twitter Amp.&#8221; Other partners, which join earlier participants like ESPN and the NFL, include A&amp;E, Time Inc and Warner Music.</p>
<p>The announcement is part of Twitter&#8217;s effort to strut its stuff before Madison Avenue and to show that it is now part of &#8220;the New York City community.&#8221; The company is engaged in a major push to raise revenue as it prepares for an IPO widely expected to take place later this year.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=648765&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=723984"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=723984" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=648765+twitter-unveils-new-multi-screen-deals-with-twitter-amplify&utm_content=jeffjohnroberts">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/report/content-monetization-news-licensing-and-syndication-still-need-marketplaces-and-infrastructure/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=648765+twitter-unveils-new-multi-screen-deals-with-twitter-amplify&utm_content=jeffjohnroberts">Content monetization: News licensing and syndication still need marketplaces and infrastructure</a></li><li><a href="http://pro.gigaom.com/report/frenemy-mine-the-pros-and-cons-of-social-partnerships-for-online-media-companies/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=648765+twitter-unveils-new-multi-screen-deals-with-twitter-amplify&utm_content=jeffjohnroberts">Frenemy mine: The pros and cons of social partnerships for online media companies</a></li><li><a href="http://pro.gigaom.com/2012/04/newnet-q1-advertising-commerce-and-discovery-dominate/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=648765+twitter-unveils-new-multi-screen-deals-with-twitter-amplify&utm_content=jeffjohnroberts">Social media in Q1: commerce and discovery dominated</a></li></ul>]]></content:encoded>
			<wfw:commentRss>http://gigaom.com/2013/05/23/twitter-unveils-new-multi-screen-deals-with-twitter-amplify/feed/</wfw:commentRss>
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			<media:title type="html">Twitter-Logo</media:title>
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			<media:title type="html">jeffjohnroberts</media:title>
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		<title>Twitter tool lets brands sign up customers inside a tweet</title>
		<link>http://gigaom.com/2013/05/22/twitter-tool-lets-brands-sign-up-customers-inside-a-tweet/</link>
		<comments>http://gigaom.com/2013/05/22/twitter-tool-lets-brands-sign-up-customers-inside-a-tweet/#comments</comments>
		<pubDate>Wed, 22 May 2013 15:00:00 +0000</pubDate>
		<dc:creator>Jeff John Roberts</dc:creator>
				<category><![CDATA[advertising]]></category>
		<category><![CDATA[Lead Generation Card]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[Twitter]]></category>

		<guid isPermaLink="false">http://gigaom.com/?p=648164</guid>
		<description><![CDATA[Twitter's latest ad product provides a call to action right inside a tweet -- showing the company is finally creating marketing tools closer to the "bottom of the funnel."<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=648164&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>Even as Twitter has grown into a media and marketing giant, not everyone is persuaded that the social media site is useful for selling things. As one marketer recently lamented to me, the platform&#8217;s effectiveness is hard to measure &#8212; and justify to clients &#8212; because &#8220;no one&#8217;s going to buy a car off Twitter.&#8221; [<strong>Update</strong>: Twitter says "au contraire" and sent<a href="http://advertising.twitter.com/2013/05/New-study-Tweets-influence-prospective-auto-buyers.html"> this research</a>]</p>
<p>The perception, then, is that Twitter is useful for what the ad types call &#8220;top of the funnel&#8221; marketing &#8212; building brand awareness and so on &#8212; but that it has yet to deliver paying customers in the way that GoogleAdwords can. Today, though, it appears Twitter has responded with a new ad product that will make it easier for brands to assess what they get for their marketing bucks.</p>
<p>The product, called a &#8220;Lead Generation Card,&#8221; lets marketers post expanded tweets that invite users to sign up for stuff right inside Twitter. The company showed what this might look in a <a href="http://advertising.twitter.com/2013/05/Capture-user-interest-with-the-Lead-Generation-Card.html">blog post</a> describing the product:</p>
<p><a href="http://gigaom.com/2013/05/22/twitter-tool-lets-brands-sign-up-customers-inside-a-tweet/screen-shot-2013-05-22-at-10-50-37-am/" rel="attachment wp-att-648196"><img  alt="Screenshot of Twitter Lead Gen card" src="http://gigaom2.files.wordpress.com/2013/05/screen-shot-2013-05-22-at-10-50-37-am.png?w=708"   class="aligncenter size-full wp-image-648196" /></a></p>
<p>According to a spokesman, the idea reduces friction in the marketing process because Twitter already has users&#8217; email addresses and other contact information &#8212; meaning that it takes just one click for a user to connect with the brand.</p>
<p>The move comes as Twitter continues to expand its ad products, including its <a href="http://gigaom.com/2013/04/30/twitter-opens-up-self-serve-advertising-platform-to-all-businesses/">self-serve platform</a>, ahead of a rumored IPO later this year.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=648164&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=32231"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=32231" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=648164+twitter-tool-lets-brands-sign-up-customers-inside-a-tweet&utm_content=jeffjohnroberts">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/report/sector-roadmap-social-customer-service-in-2013/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=648164+twitter-tool-lets-brands-sign-up-customers-inside-a-tweet&utm_content=jeffjohnroberts">Sector RoadMap: Social customer service in 2013</a></li><li><a href="http://pro.gigaom.com/report/frenemy-mine-the-pros-and-cons-of-social-partnerships-for-online-media-companies/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=648164+twitter-tool-lets-brands-sign-up-customers-inside-a-tweet&utm_content=jeffjohnroberts">Frenemy mine: The pros and cons of social partnerships for online media companies</a></li><li><a href="http://pro.gigaom.com/report/content-monetization-news-licensing-and-syndication-still-need-marketplaces-and-infrastructure/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=648164+twitter-tool-lets-brands-sign-up-customers-inside-a-tweet&utm_content=jeffjohnroberts">Content monetization: News licensing and syndication still need marketplaces and infrastructure</a></li></ul>]]></content:encoded>
			<wfw:commentRss>http://gigaom.com/2013/05/22/twitter-tool-lets-brands-sign-up-customers-inside-a-tweet/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">twitter money advertising revenue income bird</media:title>
		</media:content>

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			<media:title type="html">jeffjohnroberts</media:title>
		</media:content>

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			<media:title type="html">Screenshot of Twitter Lead Gen card</media:title>
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		<title>Yahoo swears it isn&#8217;t going to screw up Tumblr &#8212; but how realistic is that promise?</title>
		<link>http://gigaom.com/2013/05/21/yahoo-swears-it-isnt-going-to-screw-up-tumblr-but-how-realistic-is-that-promise/</link>
		<comments>http://gigaom.com/2013/05/21/yahoo-swears-it-isnt-going-to-screw-up-tumblr-but-how-realistic-is-that-promise/#comments</comments>
		<pubDate>Tue, 21 May 2013 18:47:18 +0000</pubDate>
		<dc:creator>Mathew Ingram</dc:creator>
				<category><![CDATA[acquisition]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[Flickr]]></category>
		<category><![CDATA[geocities]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[takeover]]></category>
		<category><![CDATA[Tumblr]]></category>
		<category><![CDATA[Yahoo]]></category>
		<category><![CDATA[YouTube]]></category>

		<guid isPermaLink="false">http://gigaom.com/?p=647857</guid>
		<description><![CDATA[Fans of Yahoo CEO Marissa Mayer say she shouldn't be blamed for the company's history of failed acquisitions -- but there are plenty of other reasons to be skeptical about Yahoo's $1.1-billion Tumblr deal.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=647857&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>As the dust begins to settle from one of the most significant acquisitions in web-land since the Facebook/Instagram deal, the warm glow of euphoria created by <a href="http://gigaom.com/2013/05/20/yahoo-officially-acquires-tumblr-for-1-1-billion/">Yahoo&#8217;s $1.1-billion takeover of Tumblr</a> has given way to the harsh reality of blending &#8212; or, more importantly, not blending &#8212; two vastly different companies and cultures. In a statement about the deal, Yahoo CEO Marissa Mayer promised not to &#8220;screw it up,&#8221; <a href="http://gigaom.com/2013/05/18/why-yahoo-acquiring-tumblr-for-1-billion-makes-a-certain-horrible-kind-of-sense/">a comment undoubtedly aimed at</a> the sensitive community of Tumblr fanatics. But is it even possible for Yahoo to keep this promise?</p>
<p>Even before the news was confirmed on Monday, critics with long memories were reminding anyone who would listen <a href="http://valleywag.gawker.com/a-brief-history-of-yahoo-buying-and-ruining-things-508206316">about Yahoo&#8217;s track record with acquisitions</a>, which has some rather notorious bumps in it, including two major ones known as GeoCities and Flickr. Those two deals alone have made many question whether Yahoo will be able to do the right thing with Tumblr &#8212; and while it may be unfair to lay the blame for these at Marissa Mayer&#8217;s feet, there are <a href="http://dealbook.nytimes.com/2013/05/20/but-wait-didnt-yahoo-try-a-deal-like-this-before/">plenty of reasons</a> to be <a href="http://threads2.scripting.com/2013/may/myOneTalkWithMarissaMayer">skeptical about the future</a> of this latest acquisition.</p>
<blockquote class='twitter-tweet'><p>How long will it take yahoo to ruin tumblr?&mdash; <br />Blake Hounshell (@blakehounshell) <a href='http://twitter.com/#!/blakehounshell/status/336180022861766656' data-datetime='2013-05-19T18:02:18+00:00'>May 19, 2013</a></p></blockquote>
<h2 id="geocities-flickr-billions-in-m">GeoCities + Flickr: billions in missed opportunities</h2>
<p>In 1999, Yahoo <a href="http://en.wikipedia.org/wiki/GeoCities#Acquisition_by_Yahoo.21">bought GeoCities for about $3.5 billion</a>, which even at the time was an eye-popping amount. Although it was over a decade ago, which is eons in internet time, there are some broad similarities between what GeoCities was then and what Tumblr is now: both were distinctive and somewhat chaotic communities, focused on allowing individuals to create their own space. Yahoo did a number of things that arguably accelerated the demise of its high-priced acquisition, including trying to monetize it through hosting fees and cheesy banner ads.</p>
<p>The other stick that many anti-Yahoo types use <a href="http://valleywag.gawker.com/a-brief-history-of-yahoo-buying-and-ruining-things-508206316">when they want to beat the company up</a> about its acquisition strategy is Flickr, the pioneering photo community that languished under Yahoo&#8217;s ownership until relatively recently. As many of its hard-core fans (including me) have argued in the past, Flickr was &#8212; or at least could have been &#8212; Instagram before Instagram.</p>
<p>There have been a number of post-mortems on what happened with Flickr, but <a href="http://gizmodo.com/5910223/how-yahoo-killed-flickr-and-lost-the-internet">in a nutshell Yahoo did almost everything wrong</a>: the larger company took away or smothered much of the photo-sharing community&#8217;s most important features, prevented its employees from innovating or growing, and forced all kinds of integration between the two platforms that did nothing to benefit users &#8212; in fact, precisely the opposite. It was like the trifecta of failure, and a perfect example of why most large-scale acquisitions don&#8217;t work.</p>
<blockquote id="quote-all-yahoo-cared-abou"><p>&#8220;All Yahoo cared about was the database its users had built and tagged. It didn&#8217;t care about the community that had created it or (more importantly) continuing to grow that community by introducing new features.&#8221;</p></blockquote>
<h2 id="successful-mergers-are-exceedi">Successful mergers are exceedingly rare</h2>
<p><a href="http://gigaom2.files.wordpress.com/2012/05/yahoo-reflected-in-eye-o.jpg"><img  alt="yahoo-reflected-in-eye-o" src="http://gigaom2.files.wordpress.com/2012/05/yahoo-reflected-in-eye-o.jpg?w=150&#038;h=100" width="150" height="100" class="alignleft size-thumbnail wp-image-521104" /></a></p>
<p>It&#8217;s certainly reasonable to argue &#8212; as <a href="http://pandodaily.com/2013/05/20/why-yahoos-track-record-with-acquisitions-isnt-relevant-to-tumblr/">many of her fans in Silicon Valley have</a> since the Tumblr deal was announced &#8212; that Marissa Mayer shouldn&#8217;t be held to account for these lapses, since she had nothing to do with them and the internet has changed a lot since then. Yahoo is also substantially more desperate than it used to be (if that&#8217;s possible), and that has arguably made Mayer more cautious about potential screw-ups.</p>
<p>But the bottom line is that just because Mayer is a new CEO doesn&#8217;t mean she or the company won&#8217;t screw Tumblr up somehow anyway &#8212; either deliberately or by accident. That&#8217;s because large companies like Yahoo have a way of destroying the value of the things they acquire even if they don&#8217;t mean to do so, especially when the thing they have acquired is a somewhat unique community with special characteristics, which Tumblr arguably is.</p>
<p>This is why successful large acquisitions of web communities or services are so rare &#8212; rare enough that almost everyone can only point to a single example: namely, Google buying YouTube (although <a href="http://gigaom.com/2012/04/09/here-is-why-did-facebook-bought-instagram/">Facebook&#8217;s acquisition of Instagram</a> is looking like it may be another one). The question for Yahoo and Mayer is whether Tumblr can be kept as a distinct entity and yet still monetized, as YouTube has been, or whether the process of monetization will inevitably turn Tumblr into the latest example of a MySpace-style failure.</p>
<p><a href="http://gigaom2.files.wordpress.com/2013/05/tumblr_mn5sqwfnbe1s8h2tuo1_500.gif"><img  alt="tumblr_mn5sqwfnbE1s8h2tuo1_500" src="http://gigaom2.files.wordpress.com/2013/05/tumblr_mn5sqwfnbe1s8h2tuo1_500.gif?w=708"   class="aligncenter size-full wp-image-647869" /></a></p>
<h2 id="can-yahoo-do-what-google-did-w">Can Yahoo do what Google did with YouTube?</h2>
<p>Former YouTube exec Hunter Walk took a look at what Google did right in the case of YouTube, and <a href="http://www.hunterwalk.com/2013/05/don-mess-up-tumblr-five-lessons-learned.html">boiled it down to five factors</a>, including keeping the product from getting too intertwined with the parent company and maintaining a separate physical identity. But to me the most important ones were:</p>
<p><strong>Protect Tumblr from &#8220;helpful&#8221; Yahoos:</strong> This is where the accidental destruction of acquisitions often comes from &#8212; people who just want to help, but whose requests for features and other attempts at integration wound up almost &#8220;hugging us to death,&#8221; <a href="http://www.hunterwalk.com/2013/05/don-mess-up-tumblr-five-lessons-learned.html">as Walk puts it</a>. There is a powerful desire to get efficiencies out of acquisitions, but many of those attempts fail badly and ruin the thing they were trying to monetize or grow in the first place.</p>
<p><strong>Stop short-term monetization that won&#8217;t scale:</strong> Walk talks about how YouTube managed to avoid the natural desire to build all sorts of easy-win monetization methods into the platform, and focused instead on longer-term approaches that were harder to sell in the early going but built more value. If Yahoo sees Tumblr as a way to bulk up its banner ad or other programs, it could wind up making the exact same mistake that YouTube was able to avoid.</p>
<p>In the end, much of the answer to the question about Yahoo screwing up Tumblr rests on Marissa Mayer, and her ability to stave off the desires of both the board of directors and the other senior managers who see Tumblr as either a distraction or a digital cow to be milked and then sent to the abattoir.</p>
<p><em>Post and thumbnail photos courtesy of <a href="http://www.flickr.com/photos/stevon/3672706068/">Flickr / Stephen Brace</a> and <a href="http://www.gettyimages.ca/detail/news-photo/in-this-photo-illustration-the-yahoo-logo-is-reflected-in-news-photo/79493995">Getty Images / Chris Jackson</a> and <a href="http://tardisgorenmasumuzayli.tumblr.com/">Pamuk Sekerli Tardis</a></em></p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=647857&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=427939"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=427939" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=647857+yahoo-swears-it-isnt-going-to-screw-up-tumblr-but-how-realistic-is-that-promise&utm_content=mathewingram">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/report/content-monetization-news-licensing-and-syndication-still-need-marketplaces-and-infrastructure/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=647857+yahoo-swears-it-isnt-going-to-screw-up-tumblr-but-how-realistic-is-that-promise&utm_content=mathewingram">Content monetization: News licensing and syndication still need marketplaces and infrastructure</a></li><li><a href="http://pro.gigaom.com/report/frenemy-mine-the-pros-and-cons-of-social-partnerships-for-online-media-companies/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=647857+yahoo-swears-it-isnt-going-to-screw-up-tumblr-but-how-realistic-is-that-promise&utm_content=mathewingram">Frenemy mine: The pros and cons of social partnerships for online media companies</a></li><li><a href="http://pro.gigaom.com/2012/10/the-state-of-cross-platform-measurement-across-tv-online-and-social/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=647857+yahoo-swears-it-isnt-going-to-screw-up-tumblr-but-how-realistic-is-that-promise&utm_content=mathewingram">The state of cross-platform media measurement</a></li></ul>]]></content:encoded>
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			<media:title type="html">Fall on a banana peel</media:title>
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			<media:title type="html">Mathew</media:title>
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		<title>Why Yahoo acquiring Tumblr for $1 billion makes a certain horrible kind of sense</title>
		<link>http://gigaom.com/2013/05/18/why-yahoo-acquiring-tumblr-for-1-billion-makes-a-certain-horrible-kind-of-sense/</link>
		<comments>http://gigaom.com/2013/05/18/why-yahoo-acquiring-tumblr-for-1-billion-makes-a-certain-horrible-kind-of-sense/#comments</comments>
		<pubDate>Sat, 18 May 2013 15:41:27 +0000</pubDate>
		<dc:creator>Mathew Ingram</dc:creator>
				<category><![CDATA[acquisition]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[David Karp]]></category>
		<category><![CDATA[deal]]></category>
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		<guid isPermaLink="false">http://gigaom.com/?p=646853</guid>
		<description><![CDATA[Fans of the social-blogging network might not like the idea much, but a $1-billion acquisition of Tumblr would arguably solve a number of problems for Yahoo -- and do the same for Tumblr CEO David Karp.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=646853&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>According to a blizzard of <a href="http://allthingsd.com/20130516/will-yahoo-try-to-get-its-cool-again-by-doing-a-deal-for-tumblr">anonymous news reports</a>, Marissa Mayer is working feverishly to land the biggest fish of her career as CEO of Yahoo: namely, <a href="http://gigaom.com/2013/05/16/yahoo-wants-to-buy-tumblr-will-facebook-swoop-in-at-the-last-minute/">the $1-billion-plus acquisition</a> of New York-based Tumblr, the ultra-hip blog network &#8212; the two are reportedly involved in discussions that could come to fruition <a href="http://gigaom.com/2013/05/17/report-yahoo-eager-to-close-1-1-billion-cash-deal-for-tumblr-by-sunday-evening/">as early as Sunday</a>. Although Tumblr fans seem horrified by the idea, this one makes a substantial amount of sense for both sides.</p>
<p>Of course, as Om and <a href="http://gigaom.com/2013/05/16/yahoo-wants-to-buy-tumblr-will-facebook-swoop-in-at-the-last-minute/">others have already mentioned</a>, there&#8217;s no guarantee this deal will actually be consummated: it could fall apart on valuation, as so many deals do &#8212; or Facebook could swoop in with a much higher offer and <a href="http://gigaom.com/2012/11/06/if-facebook-isnt-thinking-about-buying-tumblr-it-should-be/">snatch Tumblr out of Yahoo&#8217;s clutches</a>, the same way it did when it stole Instagram away from Twitter last year for close to $1 billion.</p>
<p><strong>Update</strong>: According to the Wall Street Journal, the Yahoo board of directors <a href="http://online.wsj.com/article/SB10001424127887324787004578493130789235150.html">has approved a $1.1-billion</a> all-cash bid to acquire Tumblr.</p>
<h2 id="it-makes-yahoo-look-desperate-">It makes Yahoo look desperate &#8212; because it is</h2>
<p><a href="http://gigaom2.files.wordpress.com/2013/01/mayer-davos-screenshot2.png"><img src="http://gigaom2.files.wordpress.com/2013/01/mayer-davos-screenshot2.png?w=150&#038;h=100" alt="Marissa Mayer at Davos" width="150" height="100"  class="alignleft size-thumbnail wp-image-604468" /></a></p>
<p>Even if the deal does get done, one of the risks for Mayer and Yahoo is that the company could look desperate by paying more than $1 billion for a site that had <a href="http://gigaom.com/2012/11/06/if-facebook-isnt-thinking-about-buying-tumblr-it-should-be/">revenues of less than $15 million last year</a> (although CEO David Karp has said that figure should hit $100 million this year). That&#8217;s an almost bubble-like multiple for a company, and there will likely be plenty of criticism from investors who believe that $1 billion could be better spent elsewhere &#8212; in other words, on businesses that would make Yahoo a better return.</p>
<p>But the painful fact is that Yahoo doesn&#8217;t just look desperate &#8212; in many ways it <em>is</em> desperate. Mayer has made some changes since she took over the ailing former web portal, <a href="http://gigaom.com/2013/03/25/finally-yahoo-does-something-kind-of-smart-by-buying-mobile-news-app-summly/">including the acquisition of Summly</a> and a number of other mobile-focused startups and services, but the company still needs to make some aggressive moves if it is going to jump-start any growth at all. And since Yahoo has about $4 billion in cash on hand, it can arguably afford to make a big bet.</p>
<blockquote class='twitter-tweet'><p>Yahoo buying Tumblr makes sense. Tumblr is only big, cool, newish social platform that Yahoo can afford.&mdash; <br />Henry Blodget (@hblodget) <a href='http://twitter.com/#!/hblodget/status/335334673452523520' data-datetime='2013-05-17T10:03:11+00:00'>May 17, 2013</a></p></blockquote>
<p>For Yahoo, the addition of Tumblr would do a number of things: because of the size and profile of the deal, it would make a major statement about Mayer&#8217;s intention to do whatever it takes to revitalize the company, and it would also send a signal to Facebook and Google &#8212; and even Apple &#8212; that Yahoo is a potential force to be reckoned with when it comes to potential acquisitions. Is doing that worth $1 billion? That&#8217;s for Yahoo&#8217;s investors and board of directors to decide.</p>
<p>Just as important, it would inject some much-needed life and energy into the somewhat stale lineup of content that the company currently relies on, which caters more to the over-50 set than it does to anyone in the much-desired 18 to 25 demographic. More than any other network, Tumblr is the platform of choice <a href="http://gigaom.com/2012/10/26/what-tumblr-can-tell-us-about-the-future-of-media/">for media-obsessed teens and 20-somethings</a>, who spend massive amounts of time sharing photos and videos and animated GIFs on the site &#8212; an engine of potential value that Yahoo desperately needs.</p>
<h2 id="tumblr-gets-a-massive-exit">Tumblr gets a massive exit</h2>
<p>This doesn&#8217;t come without its own risks, of course: As a number of observers have noted, Tumblr&#8217;s content <a href="http://www.businessweek.com/articles/2013-05-17/if-yahoo-buys-tumblr-what-will-it-do-with-all-that-porn">contains a large quantity of not only mature</a> or arguably offensive content but outright pornography, which many argue is the source of its massive traffic numbers. How Yahoo (or Facebook for that matter) would deal with this kind of content remains to be seen.</p>
<blockquote class='twitter-tweet'><p>3 q&#039;s for Yahoo: 1) Can you convert Tumblr users to Yahoo products? 2) Can you monetize Tumblr PVs? 3) What to do w/ all that Tumblr porn?&mdash; <br />Mark Zohar (@markzohar) <a href='http://twitter.com/#!/markzohar/status/335586948179697664' data-datetime='2013-05-18T02:45:38+00:00'>May 18, 2013</a></p></blockquote>
<p>For Tumblr, meanwhile, being acquired would solve a number of problems &#8212; the main one being that the company has gone well beyond the &#8220;we&#8217;re a startup so we don&#8217;t really have to make money&#8221; stage, and is facing <a href="http://www.bloomberg.com/news/2013-03-05/tumblr-to-introduce-mobile-advertising-to-help-achieve-profit.html">increasing pressure from the investors</a> who have given CEO David Karp more than $125 million in venture financing, an investment that values the company at about $800 million. Accepting a giant check from Yahoo would take care of that problem in one fell swoop, especially if it was all in cash.</p>
<p>With a major company like Yahoo as a partner, Tumblr could connect its massive audience of users to the firehose of ads and other monetization methods the giant web portal has, and potentially generate much more revenue than it could have by itself. The only lingering question at that point is whether Tumblr fans decide that Yahoo is poisoning the well of social content and community on the site, and decide to flee for greener pastures. In other words, does Yahoo make Tumblr into YouTube &#8212; a successful standalone network that can grow and prosper on its own &#8212; or does it become MySpace?</p>
<blockquote class='twitter-tweet'><p>The only scenario where a Yahoo-Tumblr combo works is if Yahoo keeps Tumblr separate in the same way Google managed YouTube.&mdash; <br />Mark Birch (@marksbirch) <a href='http://twitter.com/#!/marksbirch/status/335603812754657280' data-datetime='2013-05-18T03:52:38+00:00'>May 18, 2013</a></p></blockquote>
<p><em>Post and thumbnail photos courtesy of <a href="http://www.shutterstock.com/gallery-160669p1.html">Shutterstock / ollyy</a> and Albert Chau</em></p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=646853&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=605124"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=605124" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=646853+why-yahoo-acquiring-tumblr-for-1-billion-makes-a-certain-horrible-kind-of-sense&utm_content=mathewingram">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/report/content-monetization-news-licensing-and-syndication-still-need-marketplaces-and-infrastructure/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=646853+why-yahoo-acquiring-tumblr-for-1-billion-makes-a-certain-horrible-kind-of-sense&utm_content=mathewingram">Content monetization: News licensing and syndication still need marketplaces and infrastructure</a></li><li><a href="http://pro.gigaom.com/2012/04/flash-analysis-future-opportunities-for-pinterest/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=646853+why-yahoo-acquiring-tumblr-for-1-billion-makes-a-certain-horrible-kind-of-sense&utm_content=mathewingram">Flash analysis: future opportunities for Pinterest</a></li><li><a href="http://pro.gigaom.com/report/frenemy-mine-the-pros-and-cons-of-social-partnerships-for-online-media-companies/?utm_source=tech&utm_medium=editorial&utm_campaign=auto3&utm_term=646853+why-yahoo-acquiring-tumblr-for-1-billion-makes-a-certain-horrible-kind-of-sense&utm_content=mathewingram">Frenemy mine: The pros and cons of social partnerships for online media companies</a></li></ul>]]></content:encoded>
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			<media:title type="html">Mathew</media:title>
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		<title>Why focusing on &#8216;time spent&#8217; with print misses the point about how the news works now</title>
		<link>http://paidcontent.org/2013/05/13/why-focusing-on-time-spent-with-print-misses-the-point-about-how-the-news-works-now/</link>
		<comments>http://paidcontent.org/2013/05/13/why-focusing-on-time-spent-with-print-misses-the-point-about-how-the-news-works-now/#comments</comments>
		<pubDate>Mon, 13 May 2013 17:34:55 +0000</pubDate>
		<dc:creator>Mathew Ingram</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[Future of Media]]></category>
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		<guid isPermaLink="false">http://paidcontent.org/?p=229319</guid>
		<description><![CDATA[Research from McKinsey seems to suggest that print-based media still commands a large proportion of time spent by consumers of news -- but that is just part of the larger picture media companies have to understand.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=644710&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>According to some research from the consulting firm McKinsey and Co., so-called &#8220;legacy&#8221; publishing and broadcast platforms like newspapers and TV networks <a href="http://www.poynter.org/latest-news/business-news/the-biz-blog/212550/new-research-finds-92-percent-of-news-consumption-is-still-on-legacy-platforms/">still account for more than 90 percent</a> of the time that consumers spend getting their news. That&#8217;s a somewhat surprising figure &#8212; one that seems to suggest that much of the doom and gloom about the death of print is overstated. </p>
<p>It would be wise not to read too much into those McKinsey numbers, however: virtually all of the available evidence <a href="http://www.people-press.org/files/legacy-pdf/2012%20News%20Consumption%20Report.pdf">shows media consumption in print continues to decline</a>, particularly with younger audiences, and as a result advertising revenue is disappearing as well. Media companies need to adapt to that fact, rather than trying to pretend it isn&#8217;t happening.</p>
<p>According to a post by Rick Edmonds at the Poynter Institute, the research <a href="http://www.poynter.org/latest-news/business-news/the-biz-blog/212550/new-research-finds-92-percent-of-news-consumption-is-still-on-legacy-platforms/">came from a presentation</a> by McKinsey principal Michael Lamb at a recent conference of the International News Media Association in New York. Lamb said that based on data from a number of sources, about 35 percent of the time consumers spend on news consumption is devoted to newspapers and magazines, while TV accounts for about 41 percent and smartphones and tablets account for only about 2 percent.</p>
<p>In other words, the research seems to show that while digital devices account for more than half of the total time that consumers spend with media in general &#8212; and about 10 times more than the amount of time they spend with newspapers and magazines &#8212; the amount of time they spend with &#8220;legacy&#8221; platforms expands dramatically when looking specifically at news consumption.</p>
<p><a href="http://gigaompaidcontent.files.wordpress.com/2013/05/screen-shot-2013-05-13-at-8-17-50-am.png"><img src="http://gigaompaidcontent.files.wordpress.com/2013/05/screen-shot-2013-05-13-at-8-17-50-am.png?w=708" alt="Screen-Shot-2013-05-13-at-8.17.50-AM"    class="aligncenter size-full wp-image-229320" /></a></p>
<h2 id="time-spent-is-not-the-only-imp">Time spent is not the only important metric</h2>
<p>Although Edmonds notes that there isn&#8217;t much research out there to confirm McKinsey&#8217;s conclusions (apart from <a href="http://www.niemanlab.org/2009/04/print-is-still-king-only-3-percent-of-newspaper-reading-actually-happens-online/">a Nieman Journalism Lab post in 2009</a> that saw Martin Langeveld try to dig into some readership numbers for newspapers), he says that other researchers he contacted thought that the numbers were probably &#8220;not far off&#8221; &#8212; in part because of the &#8220;lean back&#8221; form of consumption that print media involves, where users often spend hours with a cup of coffee and a paper.</p>
<p>Edmonds also argues that encouraging advertisers to look at these kinds of time-spent numbers might help newspapers and magazines improve their appeal, since time spent is a big factor in where advertisers spend their money. As he puts it:</p>
<blockquote id="quote-the-time-spent-metri"><p>&#8220;The time-spent metric suggests that there is more life in legacy formats than raw audience numbers and falling print ad revenues would imply. Since the &#8216;dying industry&#8217; meme is part of print’s problem with advertisers, this could be incorporated in a case for the medium’s continued relevance.&#8221;</p></blockquote>
<p>Unfortunately for publishers who might see this as reason for unbridled optimism, however, Edmonds <a href="http://www.poynter.org/latest-news/business-news/the-biz-blog/212550/new-research-finds-92-percent-of-news-consumption-is-still-on-legacy-platforms/">goes on to note that the time-spent</a> numbers &#8220;do not solve the basic advertising problem of vanished monopoly pricing power and strong competition from a wide range of targeted digital marketing options,&#8221; and that while users may spend less time overall with digital platforms when consuming the news, these shorter digital sessions &#8220;may be a more efficient way of consuming news.&#8221;</p>
<h2 id="for-most-the-news-occurs-elsew">For most, the news occurs elsewhere</h2>
<p><a href="http://gigaom2.files.wordpress.com/2012/10/1_product_feeds__2329fb9d.jpg"><img src="http://gigaom2.files.wordpress.com/2012/10/1_product_feeds__2329fb9d.jpg?w=150&#038;h=101" alt="Prismatic mobile" width="150" height="101"  class="alignleft size-thumbnail wp-image-221697" /></a></p>
<p>I think Edmonds puts his finger on one major problem: namely, the fact that for many news consumers, the &#8220;lean back&#8221; experience simply isn&#8217;t necessary any more. As research from the Pew Center has shown, large numbers of consumers are <a href="http://gigaom.com/2012/03/19/if-you-have-news-it-will-be-aggregated-andor-curated/">getting their news from aggregators</a> such as Google News or Yahoo News &#8212; or possibly from newer solutions such as Prismatic and Circa and Flipboard &#8212; because they don&#8217;t have either the time or the inclination to go to a single newspaper source, or read in print. Is a lack of efficiency really a selling point for legacy print publications?</p>
<p>That&#8217;s not to say the &#8220;lean back&#8221; experience doesn&#8217;t still have value for many news and media consumers, but the other painful fact is that most advertisers aren&#8217;t specifically looking to advertise to news consumers &#8212; they want specific demographic segments or topic-specific shoppers, or other kinds of targeting that legacy publishers can&#8217;t offer, and they want engagement or &#8220;time spent&#8221; across a range of content types, not just news.</p>
<p>As Morgan Stanley analyst Mary Meeker <a href="http://gigaom.com/2012/06/01/the-chart-that-explains-medias-addiction-to-print/">has repeatedly suggested</a> in presentations about the evolution of the digital-media marketplace, advertisers are moving to where the puck is going to be &#8212; not where it is now. And according to virtually all of the available evidence, <a href="http://cmsoforum.mckinsey.com/article/new-news-content-providers-and-mobile-media-consumption">even from McKinsey itself</a>, that means mobile and social and other platforms, not print. Publishers can either try to convince advertisers that they are wrong about this move, or they can try to adapt to it.</p>
<p><a href="http://gigaompaidcontent.files.wordpress.com/2013/05/meeker-print-vs-mobile-ad-spend.jpg"><img src="http://gigaompaidcontent.files.wordpress.com/2013/05/meeker-print-vs-mobile-ad-spend.jpg?w=708&#038;h=379" alt="Meeker print vs mobile ad spend" width="708" height="379"  class="aligncenter size-large wp-image-229321" /></a></p>
<p><em>Post and thumbnail photos courtesy of Flickr user <a href="http://www.flickr.com/photos/arvindgrover/3163495351/">Arvind Grover</a></em></p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=644710&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=334395"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=334395" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=644710+why-focusing-on-time-spent-with-print-misses-the-point-about-how-the-news-works-now&utm_content=mathewingram">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/2012/04/the-promise-of-hyperlocal-opportunities-for-publishers-and-developers/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=644710+why-focusing-on-time-spent-with-print-misses-the-point-about-how-the-news-works-now&utm_content=mathewingram">Hyperlocal: opportunities for publishers and developers</a></li><li><a href="http://pro.gigaom.com/2011/08/what-the-google-motorola-deal-means-for-android-microsoft-and-the-mobile-industry/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=644710+why-focusing-on-time-spent-with-print-misses-the-point-about-how-the-news-works-now&utm_content=mathewingram">What the Google-Motorola deal means for Android, Microsoft and the mobile industry</a></li><li><a href="http://pro.gigaom.com/2011/01/how-media-companies-can-compete-online/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=644710+why-focusing-on-time-spent-with-print-misses-the-point-about-how-the-news-works-now&utm_content=mathewingram">How Media Companies Can Compete Online</a></li></ul>]]></content:encoded>
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		<slash:comments>5</slash:comments>
	
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			<media:title type="html">Mathew</media:title>
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			<media:title type="html">Prismatic mobile</media:title>
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			<media:title type="html">Meeker print vs mobile ad spend</media:title>
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		<title>Is it the best of times or the worst of times for journalism? Yes</title>
		<link>http://paidcontent.org/2013/05/09/is-it-the-best-of-times-or-the-worst-of-times-for-journalism-yes/</link>
		<comments>http://paidcontent.org/2013/05/09/is-it-the-best-of-times-or-the-worst-of-times-for-journalism-yes/#comments</comments>
		<pubDate>Thu, 09 May 2013 22:47:19 +0000</pubDate>
		<dc:creator>Mathew Ingram</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[Future of Media]]></category>
		<category><![CDATA[journalism]]></category>
		<category><![CDATA[magazines]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[newspapers]]></category>
		<category><![CDATA[paywalls]]></category>
		<category><![CDATA[revenue]]></category>

		<guid isPermaLink="false">http://paidcontent.org/?p=229213</guid>
		<description><![CDATA[There are plenty of reasons for pessimism about the state of the media and journalism, including repeated layoffs, bankruptcies and so on. But there are also many reasons to be optimistic about the current environment.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=643962&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>If you&#8217;re convinced this is the worst possible time to be a journalist, there&#8217;s plenty of evidence to support you: just this week, <a href="http://www.capitalnewyork.com/article/media/2013/05/8529876/new-york-post-offers-buyouts-seeks-10-percent-staff-reduction-attempt-">there have been cutbacks at</a> the <em>New York Post</em> and <a href="http://www.nytimes.com/2013/05/10/business/media/top-editors-abruptly-leave-village-voice.html?pagewanted=all">news of cuts at</a> the venerable <em>Village Voice</em>, not to mention periodic bankruptcies and printing-press shutdowns. But if you believe this is the best time to be in media, there&#8217;s plenty of evidence to support that as well, as <a href="http://www.cjr.org/realtalk/this_is_the_best_moment_to_be.php">Ann Friedman outlined in a recent piece</a> for the <em>Columbia Journalism Review</em>.</p>
<p>Friedman is no stranger to the vicissitudes of modern media &#8212; she was laid off as the editor of GOOD magazine last year, <a href="http://www.theatlanticwire.com/business/2012/06/what-happened-good/53134/">after the publication decided to pivot</a> and become a kind of social network for user-generated content. But in her CJR piece, she describes how on a recent speaking tour she grew frustrated with the numbers of people complaining about a lack of jobs, a lack of money and the rise of short-attention-span media like Twitter:</p>
<blockquote id="quote-again-and-again-i-fo"><p>&#8220;Again and again, I found myself playing the role of cheerleader, trying to convince tired and broke journalists to get excited about the future of media.&#8221;</p></blockquote>
<h2 id="there-is-far-more-good-than-ba">There is far more good than bad</h2>
<p><a href="http://gigaompaidcontent.files.wordpress.com/2015/07/shutterstock_103495970.jpg"><img src="http://gigaompaidcontent.files.wordpress.com/2015/07/shutterstock_103495970.jpg?w=150&#038;h=100" alt="Newspaper fortune teller; newspapers&#039; future; newspapers&#039; fate; fate of newspapers" width="150" height="100"  class="alignleft size-thumbnail wp-image-214773" /></a></p>
<p>As the CJR columnist acknowledges, it can be hard to motivate journalists &#8212; or anyone in the field of media &#8212; when reports from research outfits like the Pew Center lay out in bald detail how the <a href="http://paidcontent.org/2013/03/18/state-of-the-media-the-cracks-are-still-widening-but-some-light-is-also-getting-in/">business model for much</a> of what we think of as the mainstream media is rapidly disintegrating, with nothing obvious to take its place, and when the number of journalists employed in newsrooms is lower than it has been at any time since the 1950s.</p>
<p>But Friedman argues &#8212; I think fairly persuasively &#8212; that there are far more benefits available to journalists now than there have ever been, if they choose to see and make use of them. <a href="http://www.cjr.org/realtalk/this_is_the_best_moment_to_be.php">Among other things, she lists</a>:</p>
<p><strong>Reporters have more access to sources</strong>: Thanks to the web, social media and other tools, &#8220;it&#8217;s never been easier to find and reach out to anyone.&#8221; This is unequivocally true, especially with the <a href="http://gigaom.com/2012/01/30/is-it-good-for-journalism-when-sources-go-direct/">number of potential sources who have</a> their own blogs, Facebook pages, Twitter accounts, etc.</p>
<p><strong>Consumers have access to more media</strong>: Your job may have been more secure in the past, Friedman says, but now if you have something to say you have the ability to reach a much larger group of readers, and they have much more choice (this is <a href="http://gigaom.com/2012/05/12/my-personal-take-3-reasons-i-dont-like-newspaper-paywalls/">also one argument against paywalls</a>, she says).</p>
<p><strong>Journalists get more engagement</strong>: Reporters used to work for years with little or no response from or engagement with readers (which some no doubt preferred), but now you get more feedback than you could ever want. Says Friedman: &#8220;I know a lot of journalists hate this, but it’s a good thing.&#8221;</p>
<p><strong>Chaos promotes creativity</strong>: When traditional paths to professional success are closed, Friedman argues, &#8220;those of us who love journalism so much we’d never give up are forced to redefine success &#8211; and our methods of seeking it.&#8221; And there are more routes to success than ever before.</p>
<h2 id="disruption-also-produces-oppor">Disruption also produces opportunity</h2>
<p><a href="http://gigaom2.files.wordpress.com/2012/07/change.jpg"><img src="http://gigaom2.files.wordpress.com/2012/07/change.jpg?w=150&#038;h=150" alt="change" width="150" height="150"  class="alignleft size-thumbnail wp-image-215863" /></a></p>
<p>To some, this may all have a certain Pollyanna-ish feel to it, but I think Friedman is right &#8212; and in many ways she is saying something similar to what Matt Yglesias at Slate argued recently, when he responded to the Pew Center report and said that in his view <a href="http://www.slate.com/articles/business/moneybox/2013/03/pew_s_state_of_the_media_ignore_the_doomsaying_american_journalism_has_never.html">news consumers were better off</a> than they had ever been (although many disagreed). Jay Rosen made a similar case for why the internet is good for journalism <a href="http://gigaom.com/2011/07/21/is-the-internet-making-journalism-better-or-worse-yes/">in a debate hosted by the Economist</a> in 2011.</p>
<p>Yes, much of the traditional media business is in turmoil, and the road to profitability &#8212; or even survival, for some &#8212; is far from clear. And it&#8217;s easy to look at <a href="http://www.thedailybeast.com/articles/2013/04/18/boston-marathon-bombing-media-errors-pile-up-as-does-the-outrage.html">the chaos of social media and &#8220;citizen journalism&#8221;</a> during something like the Boston bombings or Hurricane Sandy and assume that we are much worse off, both as journalists and as news consumers (<a href="http://paidcontent.org/2013/04/23/three-things-that-reddit-did-right-during-the-boston-bombings-and-why-that-matters/">an argument I have tried to counter</a>). And there is no question that many bad things come with the good. </p>
<p>But as Friedman argues, that same chaotic environment <a href="http://www.shirky.com/weblog/2011/07/we-need-the-new-news-environment-to-be-chaotic/">is what produces new things</a>, many of which may grow to become powerful and positive tools for journalism &#8212; in some cases better than the ones we have. It&#8217;s easy to succumb to the gloom, but the reality is that while disruption of the kind the media world is experiencing creates great upheaval, it also creates great opportunity.</p>
<p><em>Post and thumbnail photos courtesy of Flickr user <a href="http://www.flickr.com/photos/allaboutgeorge/2583886589/">George Kelly</a> and <a href="http://www.shutterstock.com/cat.mhtml?lang=en&amp;search_source=search_form&amp;version=llv1&amp;anyorall=all&amp;safesearch=1&amp;searchterm=fortune+teller">Shutterstock / Feng Yu</a></em></p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=643962&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=793076"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=793076" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=643962+is-it-the-best-of-times-or-the-worst-of-times-for-journalism-yes&utm_content=mathewingram">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/2011/08/building-a-better-paywall-strategies-for-monetizing-news-content/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=643962+is-it-the-best-of-times-or-the-worst-of-times-for-journalism-yes&utm_content=mathewingram">Building a better paywall: strategies for monetizing news content</a></li><li><a href="http://pro.gigaom.com/2011/01/how-media-companies-can-compete-online/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=643962+is-it-the-best-of-times-or-the-worst-of-times-for-journalism-yes&utm_content=mathewingram">How Media Companies Can Compete Online</a></li><li><a href="http://pro.gigaom.com/2011/03/what-the-new-york-times-can-learn-from-rupert-murdoch%E2%80%99s-paywall/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=643962+is-it-the-best-of-times-or-the-worst-of-times-for-journalism-yes&utm_content=mathewingram">What the New York Times Can Learn From Rupert Murdoch’s Paywall</a></li></ul>]]></content:encoded>
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		<slash:comments>9</slash:comments>
	
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			<media:title type="html">newspaper boxes</media:title>
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			<media:title type="html">Mathew</media:title>
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			<media:title type="html">Newspaper fortune teller; newspapers&#039; future; newspapers&#039; fate; fate of newspapers</media:title>
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		<title>Updated: AOL grows again on solid ad sales</title>
		<link>http://paidcontent.org/2013/05/08/aol-grows-again-on-solid-ad-sales/</link>
		<comments>http://paidcontent.org/2013/05/08/aol-grows-again-on-solid-ad-sales/#comments</comments>
		<pubDate>Wed, 08 May 2013 11:41:37 +0000</pubDate>
		<dc:creator>Jeff John Roberts</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[AOL]]></category>
		<category><![CDATA[Huffington Post]]></category>

		<guid isPermaLink="false">http://paidcontent.org/?p=229052</guid>
		<description><![CDATA[AOL continues its surprising turnaround with another quarter of growth in its content and advertising segment. The company is still, however, depending on its legacy business for all its profit.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=643243&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>AOL&#8217;s latest <a href="http://www.businesswire.com/news/home/20130508005593/en/AOL%E2%80%99s-Revenue-Profit-Growth-Continues">quarterly earnings</a>, posted early Wednesday morning, showed ongoing growth in its content and advertising business as the company posted a 2% gain in revenue from a year ago and earnings per share of $0.32.</p>
<p>The profit was at the low end of the average of $0.32 &#8211; $0.34 that analysts had been predicting, while AOL&#8217;s $538.3 million in revenue was slightly above expectations.</p>
<p><strong>Update</strong>: the market does not like the EPS. <a href="http://finance.yahoo.com/echarts?s=AOL+Interactive#symbol=aol;range=1d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;">AOL share prices</a> are off more than 10% this morning.</p>
<p>Overall, the numbers reflect an ongoing turnaround at AOL, which for years had been depending on its legacy dial-up subscription business for profit as its content and advertising business struggled. In March, CEO Tim Armstrong said recent results<a href="http://paidcontent.org/2013/03/07/aols-ceo-to-haters-our-content-strategy-was-right-after-all-and-patch-is-fine-too/"> validated the company&#8217;s focus on content</a>.</p>
<p>The most encouraging sign for the company may be a 14% growth in revenue in its so-called brand group, which consists of its in-house media properties like the Huffington Post, AOL.com and TechCrunch. AOL networks, which represent its third-party advertising service, was also up 8%.</p>
<p>The biggest question for the company remains profit where the company continues to depend on its shrinking legacy business to pay the bills. Both the ad networks and brand group continue to lose money, in part because sites like Patch.com continue to be a drag on earnings. This is reflected in the following screenshot, showing revenue and adjusted OBITDA:</p>
<p><img  alt="AOL earnings screenshot" src="http://gigaompaidcontent.files.wordpress.com/2013/05/screen-shot-2013-05-08-at-7-39-15-am.png?w=708"   class="aligncenter size-full wp-image-229053" /></p>
<p>If there is a dark spot here, it is the fact that, notwithstanding revenue growth, AOL <em>still</em> depends on its historic business of selling dial-up subscriptions. While losses in the brand group shrank by 71%, they are still losses &#8212; and the tech-heavy AOL Networks, in which AOL has invested significantly, is losing money too. Here&#8217;s how the company&#8217;s earnings release explains the profit situation:</p>
<p>&#8220;While significantly improved, Brand Group Adjusted OIBDA remains negative reflecting our investment in Patch and in our editorial and engineering staff at our core brands and in our sales force domestically and internationally [...] AOL Networks Adjusted OIBDA decreased year-over-year due to higher research and product development costs primarily related to continued investment in Adlearn Open Platform (our demand-side platform) and the launch of AdTech MARKETPLACE (our supply-side platform).&#8221;</p>
<p><em>Update: an earlier version of this story cited analysts&#8217; prediction as $0.32; I&#8217;ve updated to also to refer to a separate consensus account of $0.34</em></p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=643243&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=984375"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=984375" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=643243+aol-grows-again-on-solid-ad-sales&utm_content=jeffjohnroberts">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/2012/04/newnet-q1-advertising-commerce-and-discovery-dominate/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=643243+aol-grows-again-on-solid-ad-sales&utm_content=jeffjohnroberts">Social media in Q1: commerce and discovery dominated</a></li><li><a href="http://pro.gigaom.com/2011/04/newnet-q1-content-farms-and-niche-networks-on-the-rise/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=643243+aol-grows-again-on-solid-ad-sales&utm_content=jeffjohnroberts">NewNet Q1: Content Farms and Niche Networks on the Rise</a></li><li><a href="http://pro.gigaom.com/2011/02/content-farms-the-players-the-benefits-the-risks/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=643243+aol-grows-again-on-solid-ad-sales&utm_content=jeffjohnroberts">Content Farms: The Players, The Benefits, The Risks</a></li></ul>]]></content:encoded>
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			<media:title type="html">jeffjohnroberts</media:title>
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		<title>Newspapers need to stop lying to themselves &#8212; and to advertisers &#8212; about their circulation</title>
		<link>http://paidcontent.org/2013/05/01/newspapers-need-to-stop-lying-to-themselves-and-to-advertisers-about-their-circulation/</link>
		<comments>http://paidcontent.org/2013/05/01/newspapers-need-to-stop-lying-to-themselves-and-to-advertisers-about-their-circulation/#comments</comments>
		<pubDate>Wed, 01 May 2013 15:39:25 +0000</pubDate>
		<dc:creator>Mathew Ingram</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[circulation]]></category>
		<category><![CDATA[Future of Media]]></category>
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		<category><![CDATA[Readership]]></category>

		<guid isPermaLink="false">http://paidcontent.org/?p=228791</guid>
		<description><![CDATA[A trade group says that newspapers like the New York Times have seen large increases in circulation, but that's partly because they are allowed to count their readers multiple times. The industry needs to do better.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=641250&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>There has been much hue and cry about the <em>New York Times</em> passing <em>USA Today</em> in circulation <a href="http://www.bloomberg.com/news/2013-04-30/new-york-times-leads-major-newspapers-with-18-circulation-gain.html">to become the second-largest</a> newspaper in the United States, thanks in part to a boost from the NYT&#8217;s digital susbcription plan, which reportedly boosted circulation to almost 2 million daily readers. <a href="http://www.nytimes.com/2013/05/01/business/media/digital-subscribers-buoy-newspaper-circulation.html?pagewanted=all&amp;_r=0">These numbers</a> are notoriously dodgy, however &#8212; and if anything, they have gotten worse instead of better with the arrival of online measurement and new digital devices. </p>
<p>The real bottom line is that until newspapers start coming clean about their readership &#8212; both to themselves and to their advertisers &#8212; they are going to continue to miss the forest for the trees.</p>
<p>The latest circulation gains for the NYT and others <a href="http://www.auditedmedia.com/news/blog/top-25-us-newspapers-for-march-2013.aspx">came courtesy of</a> the Alliance for Audited Media (formerly known as the Audit Bureau of Circulations), an industry group composed of advertising agencies and publishers. The group noted that the numbers <a href="http://www.poynter.org/latest-news/top-stories/211067/newspaper-circulation-totals-do-not-capture-the-full-story-anymore/">are not really comparable</a> to the previous year&#8217;s results for a number of reasons, including the fact that some newspapers have launched new subscription formats, stopped printing every day and so on.</p>
<h2 id="counting-readers-multiple-time">Counting readers multiple times</h2>
<p>As Edmund Lee at Bloomberg points out, the AAM survey &#8212; which is somewhat ironically locked behind a paywall &#8212; <a href="http://www.bloomberg.com/news/2013-04-30/new-york-times-leads-major-newspapers-with-18-circulation-gain.html">also allows publishers to count</a> their readers multiple times, according to rules adopted recently by the group. In other words, newspapers can count someone who reads the newspaper in print, on the web and on their Kindle as three separate readers. But doesn&#8217;t this <a href="http://www.capitalnewyork.com/article/media/2013/04/8529555/new-york-times-unloads-free-newspapers-digital-subscribers-moves-no-2-">inflate their readership</a> numbers unreasonably? It sure does. The bottom line is that no one really knows what the &#8220;real&#8221; readership numbers are for newspapers.</p>
<blockquote class='twitter-tweet'><p>@<a href="https://twitter.com/mathewi">mathewi</a> @<a href="https://twitter.com/BGrueskin">BGrueskin</a> It&#039;s not *unduplicated* audience. Doesn&#039;t strike me as any more phony-baloney than &quot;passalong&quot; readership numbers.&mdash; <br />Scott Klein (@kleinmatic) <a href='http://twitter.com/#!/kleinmatic/status/329441501572648960' data-datetime='2013-05-01T03:45:49+00:00'>May 01, 2013</a></p></blockquote>
<p>Some argue this has always been the case with newspapers, which is true: publishers have routinely engaged in <a href="http://www.guardian.co.uk/media/pda/2011/oct/17/publishers-inflating-circulation">all kinds of shady tricks to boost</a> their circulation &#8212; including special discounts for bulk purchases by hotels and airlines and other giveaways, and even dumping large quantities into ravines or pulping them after printing. On top of that, many papers have inflated their readership numbers for years by claiming that <a href="http://www.niemanlab.org/2010/05/moderating-declines-parsing-the-naas-spin-on-newspaper-circ-data/">each copy gets read by</a> as many as five people, an estimate that borders on the ridiculous.</p>
<h2 id="newspapers-need-to-come-clean">Newspapers need to come clean</h2>
<p>This defence boils down to: &#8220;Newspapers have always done this, and no one believes these numbers anyway, so what difference does it make?&#8221; A pretty weak defense, you might argue &#8212; and you would be right.</p>
<blockquote class='twitter-tweet'><p>@<a href="https://twitter.com/mathewi">mathewi</a> @<a href="https://twitter.com/BGrueskin">BGrueskin</a> That&#8217;s harder than it looks. We can&#8217;t even come up with web metrics we all agree on.&mdash; <br />Scott Klein (@kleinmatic) <a href='http://twitter.com/#!/kleinmatic/status/329594268803031040' data-datetime='2013-05-01T13:52:51+00:00'>May 01, 2013</a></p></blockquote>
<p>The other line of defence is that online measurement is also chaotic and confusing at best, and that since <a href="http://blogs.wsj.com/numbersguy/the-trouble-with-web-traffic-numbers-900/">websites can&#8217;t even agree on whose numbers are correct</a>, why should newspapers be any different? It&#8217;s true that measurement of online traffic is murky, with providers like comScore often giving wildly inaccurate estimates when compared with a site&#8217;s internal numbers. But this is a little like saying newspapers don&#8217;t have to tell the truth because no one else does either.</p>
<p>If newspapers are competing with online publishers and digital-native content companies for both readers and advertising, which they clearly are, then they have to be better than their competition &#8212; being just as inaccurate is hardly helping their cause. And they should be spending a lot more time on trying to measure real engagement (repeat visits, time spent, etc.) than on simplistic and flawed vanity metrics like raw circulation numbers. That is a mug&#8217;s game.</p>
<p><em>Post and thumbnail photos courtesy of <a href="http://www.shutterstock.com/gallery-784078p1.html">Shutterstock / Donskarpo</a></em></p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=641250&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=541628"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=541628" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=641250+newspapers-need-to-stop-lying-to-themselves-and-to-advertisers-about-their-circulation&utm_content=mathewingram">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/report/frenemy-mine-the-pros-and-cons-of-social-partnerships-for-online-media-companies/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=641250+newspapers-need-to-stop-lying-to-themselves-and-to-advertisers-about-their-circulation&utm_content=mathewingram">Frenemy mine: The pros and cons of social partnerships for online media companies</a></li><li><a href="http://pro.gigaom.com/2011/08/building-a-better-paywall-strategies-for-monetizing-news-content/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=641250+newspapers-need-to-stop-lying-to-themselves-and-to-advertisers-about-their-circulation&utm_content=mathewingram">Building a better paywall: strategies for monetizing news content</a></li><li><a href="http://pro.gigaom.com/2011/02/content-farms-the-players-the-benefits-the-risks/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=641250+newspapers-need-to-stop-lying-to-themselves-and-to-advertisers-about-their-circulation&utm_content=mathewingram">Content Farms: The Players, The Benefits, The Risks</a></li></ul>]]></content:encoded>
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			<media:title type="html">Truth</media:title>
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		<title>Weather Company unveils three new web series, offers &#8220;four-screen&#8221; ad opportunity</title>
		<link>http://paidcontent.org/2013/04/29/weather-company-unveils-three-new-web-series-offers-four-screen-ad-opportunity/</link>
		<comments>http://paidcontent.org/2013/04/29/weather-company-unveils-three-new-web-series-offers-four-screen-ad-opportunity/#comments</comments>
		<pubDate>Mon, 29 Apr 2013 19:05:41 +0000</pubDate>
		<dc:creator>Jeff John Roberts</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[I am unstoppable]]></category>
		<category><![CDATA[Neil Katz]]></category>
		<category><![CDATA[weather channel]]></category>
		<category><![CDATA[weather.com]]></category>

		<guid isPermaLink="false">http://paidcontent.org/?p=228693</guid>
		<description><![CDATA[The Weather Company continues to expand beyond its core programming with new web series devoted to adventure and human interest. The new content comes as the company deepens its content and advertising strategies.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=640621&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>The Weather Company, eager to expand beyond its usual fare of snow and storms, announced three new original web series on Monday that will feature athlete amputees, virus pandemics and disaster survivors.</p>
<p>The company says advertisers can be exclusive sponsors of the shows, which consist of six 2 two to four-minute episodes across four screens: smartphone, tablet, web and cable. The shows are titled &#8220;I am Unstoppable,&#8221; &#8220;Virus Hunters&#8221; and &#8220;Alive,&#8221; and will be shown this fall in addition to three other already-announced web series.</p>
<p>For the Weather Company, the original web series are an attempt to tap digital dollars while also expanding its content offerings &#8212; which include the Weather Channel and Weather.com &#8212; beyond forecasts and national disasters. Weather&#8217;s digital editor-in-chief, Neil Katz, announced the details as part of Newfront, a series of events in New York at which video creators are trying to woo Madison Avenue.</p>
<p>The web series comes at a time that the Weather Company is emerging as a formidable data and advertising company. Recently, the company has been comparing <a href="http://www.digiday.com/publishers/inside-weathers-data-bet/">itself to Google</a> insofar as it allows marketers to sell in real time based on users&#8217; likely intent &#8212; an ice cream company, for instance, could display its ads while the sun is out. It has also been hiring veteran data and ad tech executives.</p>
<p>On the social media front, the Weather Company has been creating personalized products like a <a href="http://gigaom.com/2011/08/11/twitter-weather-channel-social-integration/">custom Twitter forecasts</a> and, as an executive described today, a &#8220;social emergency network&#8221; that can let people use Facebook to warn loved ones in a given region about an impending weather apocalypse.  It has also been<a href="http://mediadecoder.blogs.nytimes.com/2013/04/03/weather-channels-challenge-predictable-programming-for-advertisers/"> expanding</a> its original TV content.</p>
<p>The Weather Company&#8217;s mass audience makes it attractive to advertisers but its histrionic style &#8212; which can feel like tragedy tourism &#8212; has also attracted ridicule. After a snowfall this year in the northeast, for instance, Gawker displayed a series of screenshots to explain how &#8220;<a href="http://gawker.com/5982593/snow-panic-has-driven-weathercom-completely-insane">Snow panic has driven Weather.com completely Insane</a>.&#8221; The company also gained attention for &#8220;<a href="http://valleywag.gawker.com/the-weather-channel-is-torturing-its-interns-with-twitt-484560939">Torturing its interns with Twitter</a>&#8221; &#8212; a social media stunt for &#8220;tornado week&#8221; that involved high-powered fans aimed at interns.</p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=640621&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=351609"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=351609" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=640621+weather-company-unveils-three-new-web-series-offers-four-screen-ad-opportunity&utm_content=jeffjohnroberts">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/2012/04/the-promise-of-hyperlocal-opportunities-for-publishers-and-developers/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=640621+weather-company-unveils-three-new-web-series-offers-four-screen-ad-opportunity&utm_content=jeffjohnroberts">Hyperlocal: opportunities for publishers and developers</a></li><li><a href="http://pro.gigaom.com/2011/05/players-and-strategies-for-real-time-in-stream-advertising/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=640621+weather-company-unveils-three-new-web-series-offers-four-screen-ad-opportunity&utm_content=jeffjohnroberts">Players and Strategies for Real-Time In-Stream Advertising</a></li><li><a href="http://pro.gigaom.com/report/frenemy-mine-the-pros-and-cons-of-social-partnerships-for-online-media-companies/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=640621+weather-company-unveils-three-new-web-series-offers-four-screen-ad-opportunity&utm_content=jeffjohnroberts">Frenemy mine: The pros and cons of social partnerships for online media companies</a></li></ul>]]></content:encoded>
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			<media:title type="html">The Weather Channel Ipad App 2.0 (Oct. 2011)</media:title>
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			<media:title type="html">jeffjohnroberts</media:title>
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		<title>What I learned at paidContent Live: No one has all the answers on the future of media, and that&#8217;s good</title>
		<link>http://paidcontent.org/2013/04/24/what-i-learned-at-paidcontent-live-no-one-has-all-the-answers-on-the-future-of-media-and-thats-good/</link>
		<comments>http://paidcontent.org/2013/04/24/what-i-learned-at-paidcontent-live-no-one-has-all-the-answers-on-the-future-of-media-and-thats-good/#comments</comments>
		<pubDate>Wed, 24 Apr 2013 17:49:17 +0000</pubDate>
		<dc:creator>Mathew Ingram</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advertising]]></category>
		<category><![CDATA[Andrew Ross Sorkin]]></category>
		<category><![CDATA[Andrew Sullivan]]></category>
		<category><![CDATA[Atlantic]]></category>
		<category><![CDATA[bob bowman]]></category>
		<category><![CDATA[Future of Media]]></category>
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		<category><![CDATA[PaidContent]]></category>
		<category><![CDATA[paidcontent live 2013]]></category>
		<category><![CDATA[Richard Tofel]]></category>
		<category><![CDATA[Sponsored Content]]></category>
		<category><![CDATA[The New York Times]]></category>

		<guid isPermaLink="false">http://paidcontent.org/?p=228287</guid>
		<description><![CDATA[One thing that emerged from our media conference was that there is no single solution when it comes to the future of content, or the monetization of media -- and that is probably a good thing.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=634133&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
				<content:encoded><![CDATA[<p>When we started to <a href="http://paidcontent.org/2013/04/17/paidcontent-live-2013-coverage/">put together the paidContent Live conference</a>, which we held in New York last week, one of the driving forces behind our selection of speakers was to find those who are doing interesting things &#8212; either in new or traditional media &#8212; so that we could try and figure out what the future of media is going to look like. As I said during my opening remarks, we may not have all (or any) of the answers, but we do have plenty of interesting questions, and that is a start.</p>
<p>Among those questions are the following: Are people going to pay directly for content? Is native advertising going to subsidize media? Does sponsored content raise ethical issues for media companies? Are individual creators going to succeed by connecting directly with their audiences or by striking deals with existing media entities? And as far as I can tell, the answer to all of these questions is the same: Yes. And no. That may not seem very helpful, but I think it is.</p>
<h2 id="you-have-to-try-everything">You have to try everything</h2>
<p>At one point <a href="http://paidcontent.org/2013/04/17/the-atlantic-is-going-to-launch-a-paid-content-offering-soon/">during the panel on monetization</a> &#8212; which also included Richard Tofel from ProPublica, Raju Narisetti from News Corp. and Bob Bowman from Major League Baseball &#8212; Atlantic Media president Justin Smith said that his organization didn&#8217;t really have a single answer to the question of how to monetize content, because it was more or less trying everything it possibly could (which is one of the reasons why I have said <a href="http://gigaom.com/2012/09/27/five-reasons-why-media-companies-should-pay-attention-to-the-atlantic/">Atlantic is one of</a> the media companies worth watching).</p>
<div id="attachment_227859" class="wp-caption aligncenter" style="width: 718px"><a href="http://gigaompaidcontent.files.wordpress.com/2013/04/img_3264-1.jpg"><img src="http://gigaompaidcontent.files.wordpress.com/2013/04/img_3264-1.jpg?w=708&#038;h=472" alt="paidContent Live 2013 Richard Tofel ProPublica Justin Smith Atlantic Raju Narisetti News Corp Bob Bowman MLB Advanced Media" width="708" height="472"  class="size-large wp-image-227859" /></a><p class="wp-caption-text">(L to R:) Richard Tofel, President, ProPublica; Justin Smith, President, Atlantic; Raju Narisetti,SVP and Deputy Head of Strategy, News Corp; Bob Bowman President and CEO, MLB Advanced Media paidContent Live 2013 Albert Chau / itsmebert.com</p></div>
<p>For the Atlantic, that means experimenting with sponsored content (despite its potential pitfalls, which were <a href="http://paidcontent.org/2013/01/16/what-we-can-learn-from-the-atlantics-sponsored-content-debacle/">highlighted during the Scientology incident</a>) as well as doing live events, and introducing a premium offering &#8212; which Smith wouldn&#8217;t provide much detail about but is supposedly coming soon. As he put it: </p>
<blockquote id="quote-to-say-that-the-ad-m"><p>&#8220;To say that the ad model is going to win over the pay model is foolish. I think the solution will be multiple revenue streams, it will be how experimental, how creative you are in seeking out those revenue streams&#8230; we must try everything. And we must not believe that one thing is going to work over the other until we actually experience it and see it over a period of time.&#8221;</p></blockquote>
<h2 id="the-future-isnt-going-to-be-on">The future isn&#8217;t going to be one model</h2>
<p>Even just on that panel, we had almost every model represented, with ProPublica &#8212; which is built on a donation model, one that Dick Tofel believes will be replicated in dozens of states and cities, in the same way most metropolitan areas have symphonies or ballet troupes &#8212; and the <em>Atlantic</em>, and then News Corp. with its variety of hard and soft paywalls, and MLB with its app-based and content-focused strategy. Bowman said everyone should have some form of pay model, because why not give your hardcore fans a way to pay you for what they value?</p>
<div id="attachment_227928" class="wp-caption aligncenter" style="width: 718px"><a href="http://gigaompaidcontent.files.wordpress.com/2013/04/img_3502.jpg"><img src="http://gigaompaidcontent.files.wordpress.com/2013/04/img_3502.jpg?w=708&#038;h=472" alt="paidContent Live 2013 Andrew Sullivan The Dish Andrew Ross Sorkin NYT Maria Popova Brain Pickings Tim Ferriss The 4-Hour Workweek" width="708" height="472"  class="size-large wp-image-227928" /></a><p class="wp-caption-text">(L to R:) Andrew Sullivan, Editor, The Dish; Andrew Ross Sorkin, Columnist, NYT; Maria Popova, Writer,  Brain Pickings; Tim Ferriss, Author, The 4-Hour Workweek paidContent Live 2013 Albert Chau / itsmebert.com</p></div>
<p>The <a href="http://paidcontent.org/2013/04/17/a-lesson-from-the-blogging-elite-there-are-many-ways-to-the-top/">&#8220;blogging superstar&#8221; panel also had</a> a variety of models, none of which was obviously better than the other. Maria Popova of Brain Pickings said that she didn&#8217;t even think of herself as a business &#8212; she wrote &#8220;for an audience of one&#8221; and was happy to get whatever donations she could get. Andrew Sullivan has famously <a href="http://paidcontent.org/2013/01/28/andrew-sullivan-nate-silver-and-the-shifting-balance-of-power-for-media-brands/">bet his future on a direct-to-reader model</a>, but he also said he isn&#8217;t opposed to advertising either (although he is adamantly opposed to native advertising). And Andrew Ross Sorkin says he is happy to continue building a personal empire of sorts within the <em>New York Times</em>.</p>
<p>Maybe that in itself is enough of a valuable insight, at least for now: that the future of media isn&#8217;t going to be one thing, or even a couple of obvious things &#8212; there is no one-size-fits-all solution (if there ever was) and waiting around for one to appear is a mug&#8217;s game. At least for the foreseeable future, the landscape of digital media is going to be a form of loosely organized chaos, with everyone trying whatever they can. As Clay Shirky said about newspapers two years ago, <a href="http://www.shirky.com/weblog/2011/07/we-need-the-new-news-environment-to-be-chaotic/">this chaotic environment is actually beneficial</a>, because we need to try everything in order to figure out what works.</p>
<p><strong>Note</strong>: You can find <a href="http://new.livestream.com/accounts/74987/events/2000322">streaming videos</a> of each of the major sessions at paidContent Live in this post, and links to transcripts of those sessions <a href="http://paidcontent.org/2013/04/22/in-case-you-missed-it-here-are-the-transcripts-from-paidcontent-live-2013/">in this post</a>, as well as a roundup of <a href="http://paidcontent.org/2013/04/17/paidcontent-live-2013-coverage/">our live-blogging</a> of the event.</p>
<p><em>Post and thumbnail photos courtesy of <a href="http://www.flickr.com/photos/r80o/1583467/">Flickr / Mark Strozier</a> and <a href="itsmebert.com">Albert Chau</a></em></p>
<br />  <img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=gigaom.com&#038;blog=14960843&#038;post=634133&#038;subd=gigaom2&#038;ref=&#038;feed=1" width="1" height="1" /><p><a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=75593"><img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/1008864/GigaOM_RSS_300x250&#038;sz=300x250&#038;c=75593" /></a></p><p><strong>Related research and analysis from GigaOM Pro:</strong><br />Subscriber content. <a href="http://pro.gigaom.com/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=634133+what-i-learned-at-paidcontent-live-no-one-has-all-the-answers-on-the-future-of-media-and-thats-good&utm_content=mathewingram">Sign up for a free trial</a>.</p><ul><li><a href="http://pro.gigaom.com/report/content-monetization-news-licensing-and-syndication-still-need-marketplaces-and-infrastructure/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=634133+what-i-learned-at-paidcontent-live-no-one-has-all-the-answers-on-the-future-of-media-and-thats-good&utm_content=mathewingram">Content monetization: News licensing and syndication still need marketplaces and infrastructure</a></li><li><a href="http://pro.gigaom.com/2011/03/putting-big-data-to-work-opportunities-for-enterprises/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=634133+what-i-learned-at-paidcontent-live-no-one-has-all-the-answers-on-the-future-of-media-and-thats-good&utm_content=mathewingram">Putting Big Data to Work: Opportunities for Enterprises</a></li><li><a href="http://pro.gigaom.com/report/frenemy-mine-the-pros-and-cons-of-social-partnerships-for-online-media-companies/?utm_source=media&utm_medium=editorial&utm_campaign=auto3&utm_term=634133+what-i-learned-at-paidcontent-live-no-one-has-all-the-answers-on-the-future-of-media-and-thats-good&utm_content=mathewingram">Frenemy mine: The pros and cons of social partnerships for online media companies</a></li></ul>]]></content:encoded>
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