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Press Mentions

  • Ad Age: Why So Many Media Companies Stumble Globally
    The few news brands that have succeeded, to greater or lesser degrees, arguably include CNN, Bloomberg, People, Thomson Reuters, The Wall Street Journal, The New York Times, The Financial Times and The Economist. Other contenders are the Associated Press, the BBC, ABC, NBC, maybe CBS, National Public Radio, News Corp. and the top U.K. dailies, said Ken Doctor, the newspaper veteran who's now an analyst at Outsell. "If a news-media organization sees itself as covering the wider world, sees it as its foundation, that in and of itself differentiates it from all the local media -- newspapers, TV, radio -- out there," he said. "If, in addition, it has substantial reporting and editing resources, then it can play. The tough part is the part we're in: Who wins the race to ubiquity and can make it pay off?"
  • NYT: If The Globe Were Sold, What Price?
    “The best guesstimate of the real price: a buck. The best of an announced price: between $50 and $100 million,” he wrote in an e-mail message. The devil will be in the details of the obligations that a buyer would assume, he said, adding that “a buck essentially represents a gentleman’s agreement: I take a liability, headache and a distraction off your hands.” He said that the Times Company could hang on to some pension liabilities or other obligations in exchange for a higher purchase price, a number that would give the appearance that it was getting something for the more than $1 billion it paid 16 years ago. He added that no bank would be interested in financing a deal given how other deals have blown up, so “the owner’s own money is immediately at risk.”
  • Economist: It isn’t just newspapers: much of the established news industry is being blown away. Yet news is thriving
    Ken Doctor of Outsell, a research firm, reckons that the Kindle appeals to baby-boomers who would otherwise read a paper magazine or newspaper. The young prefer their iPhones and their aggregators. Indeed, the top four magazines on Kindle, according to Amazon’s website, are the New Yorker, Newsweek, Time and Reader’s Digest. Not much of a youth market there.
  • Forbes: San Diego News Shoot-Out
    "The Union-Tribune is cratering. That opens a hole in the market and the opportunity for some unconventional business models."
  • BizTimes.com: Journal Sentinel faces daunting choices
    “There’s no strategy – this is panic. What we’re likely to see this year (around the country) and what we’ll see in Milwaukee too is (publishers asking) how much they need to cut back and how much they can do to still hold their place in the market. For publishers, it’s about ‘How do we stay alive and stay profitable until we can get to some sort of breathing period?’ (Economic) recovery will not bring back their old business, but it will give them some breathing room.”
  • AP: Threat to shut Boston Globe shows no paper is saf
    The threat to close the paper "sends a very clear message to all employees and unions of surviving newspapers — that this is not business as usual. This is uncharted territory....Newspapers all "have a sword over their heads," said Doctor. If the industry wants to survive, he said, "everyone has to give some blood."
  • Guardian: Seattle mourns the last day of its venerable Post Intelligencer
    "There's a lot less reporting happening, on a national scale. For the 1,500 or so daily newspapers, it's just a matter of getting smaller and smaller."
  • Seattle Times: Seattle's oldest newspaper goes to press for the final time
    "They're bringing the full force of their national relationships and content to bear on Seattle. They [Hearst] could sustain this experiment indefinitely. If it makes a million or loses a million, that's nothing to a company like Hearst."
  • AP: Hearst hopes Web-only Seattle P-I will turn profit
    "It [online-only PI] definitely can make money. They have a head start in terms of the brand and (Web) traffic. They have to run like hell to create a new identity."
  • Bloomberg: Seattle Post-Intelligencer to End Printed Edition
    “They are the first major metropolitan newspaper to flip the switch and go online only. This is going to be an important model for people to watch, whether this can survive as a Web-only presence.”

What's On My Netvibes

  • Steve Goldstein
    Fellow KR alumnus Steve Goldstein understands the research/info needs of end-use enterprise customers, and he's built a company that is helping satisfy them.
  • Peter Krasilovsky
    Centered on e-commerce of all kinds from Yellow Pages through classifieds and new ad models.
  • Mark Potts
    Mark Potts is an experienced journalist, observer of Internet journalism and an alumnus of the Backfence experiment.
  • John Blossom
    Thoughtful views on a wide-ranging mix of media change.
  • Jay Rosen
    Jay Rosen is a provocateur in the best sense, an NYU journalism professor deeply committed to keeping the press accountable and vibrant in the digital age.
  • David Meerman Scott
    David Scott understands web marketing of digital content. Check out his site and his new book, "Cashing In With Content"
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August 27, 2007

MinnPost: A Broadside of Next Wave Journalism?

Consider today's modest press release announcing MinnPost a broadside. Broadside, as in a shot across the bow. Broadside, as in a rough, early shout of journalism. Some broadsides fall harmlessly, leaving barely a nick. Others start revolutions.

It would be foolhardy to say MinnPost will be revolutionary, but I'm betting that Joel Kramer's broadside -- today's announcement of a new Twin Cities-based news website to be launched before year's end -- will make an impression. It already stands out from the current crowd of sprouts emerging from the scorched earth of traditional journalism. What makes it stand out:

  • The funding names behind the new non-profit: Cowles, Cox, Lynch and Kramer. Those are old journalism (or in the case of Lynch, advertising) names. Old journalism money funding new journalism, in part out of hope, in part out of desperation. And of course, this hallowed name: Knight. As in Knight Foundation.
  • The journalist names behind the company:  "People want to experiment with us," Kramer told me today. From Doug Grow and John Camp and Dave Beal to Kay Harvey, Steve Scott and Greg Patterson, the couple of dozen names who have volunteered to commit journalism on the site is an impressive one. These are not names that echo nationally. But regionally, these are names that readers have grown comfortable with over decades.
  • The money put up to give the new site some breathing room: It's $1.1 million to start, with $850,000 coming from the four families and $250,000 coming from Knight. That money is intended to provide sustenance over a couple-of-year period, as the site finds advertising revenue legs. With those names, though, you know more money would be available if need be. And the site offers an answer to the question of readers who notice the decline of journalism around them, but don't know what they can do about it. MinnPost offers them the chance to join the non-profit, from Cub Reporter to Media Mogul status. Three Media Moguls have already signed up at the $5000 a year level.
  • The guy who is CEO and Editor: Joel Kramer was my competition when I worked at the Pioneer Press (1986-1997), and it was a great journalism war. The way journalism ought to be committed, with  competing resources and an eye to doing a better job for the readers than the other guy. Kramer ( a young 59) is old journalism, and that's a departure from some of the sproutlings we've seen. He's been both the top editor and the publisher of the Star Tribune. He's got the gravitas and the credibility with readers and advertisers -- if MinnPost can quickly and smartly leverage those.
  • The site is news-based, not opinion-based: Though MinnPost tortures the Internet lingua by maintaining its writers are doing posts, not blogs, its point is a straightforward one. It draws on journalistic tradition -- breaking and reporting news -- rather than on opining about the news. The blogosphere has liberated opinion from the decaying confines of editorial pages, but too often it's just an endlessly peelable onion of opinion, with no core of news itself. MinnPost declares itself a news site, breaking and reporting news -- to start -- days a week with at least two stories worthy of a metro Page One and a half-dozen news-based posts.
  • The Twin Cities environment: Minneapolis, Saint Paul and the metro area generally are receptive places for journalism. I recall stats indicating that of all metro areas, Sunday readership was highest in the Twin Cities (and not just in the five-month-long winters). It's a literate place, a goo-goo good government place and one in which public policy is still part of public life. Though it can learn from models as diverse as New Haven's Independent, San Diego's Voice of San Diego and the Pacific Northwest's Crosscut, its strength will be building inside out with deep knowledge of its local readers and local businesses.
Minnpost_4

So all that helps make this a great test of what emerges in the next wave of journalism.

There's one other factor that makes it compellingly watch-able. While metro papers are reeling across the country, the carnage has been particularly visible in the Twin Cities. By Kramer's count, something more than 100 journalists have departed the Star Tribune, the Pioneer Press and alternative weekly City Pages in last year or so. The Par Ridder Fiasco, in which the Pioneer Press publisher alighted to the Star Tribune, has resulted in a messy lawsuit. That combined with staff and newshole cuts have sent a clear message to readers of both daily papers that neither is what they used to be.

So those papers -- like many others across the country -- have unknowingly opened a market for competition. Certainly, most don't think of it that way, and can easily dismiss a million-dollar start-up. But look at it this way. What does it take to do journalism going forward?

First and easiest answer: It takes journalists.

We used to white board the core competencies of newspaper companies back in the '90s. Sure, they had printing presses, trucks, finance departments, ad sales people and journalists. But we figured out that the competencies hardest to duplicate were two: sales relationships with key advertisers and ability to produce reams of content every day. The others could be matched, or bypassed by the emerging Internet competition.

Flash forward, and we see that the ad relationships are worth less than we thought. Complex ad matching systems owned by others -- chiefly Google and Yahoo -- are rapidly replacing those relationships.

It is the ability to produce readable content quickly and in sufficient volume that's key.

And against this backdrop, the stage is set in the Twin Cities.

Two huge newspapers, with more than 400 journalists among them, but two companies in emotional despair and financial turndown (see the AJR story on the Strib, here). One modest emerging company, paying the equivalent of 4 people full-time and about $600 for a "front-page" story and a couple hundred dollars week for a couple of fact-based posts. But one company has some mojo -- and no legacy costs to consume its attention.

What may seem like two Goliaths and a David may signal a reversal of fortune in modern news publishing.

That reversal won't come easy. All publishers like the Star Tribune and the Pioneer Press have done is create a small opening. Yes, they are reeling, but they are still taking in hundreds of million of dollars in ad and circulation revenue and trying to transform themselves for the new Internet age. Still any siphoning off of a high-demographics news audience (one Internet advertisers covet) is bad news for the already-declining online growth rates of the dailies.

To be successful, Joel Kramer's modest experiment has got to move and grow quickly. While Kramer gets kudos from many for seeing through this vision to start-up, even his admirers will tell you he can study things to a fault. Study's good, but on the web, instinct and testing are better. In that testing, I'd suggest that if the site is to gain momentum, it must:

  • Get beyond text: Joel Kramer says the site is open to audio and video, but that's clearly seen as an add-on. In the Internet age, it should be there at launch. The tools are there, and there are great young storytellers who know how to use them. Partnerships with Minnesota Public Radio and commercial broadcasters are a natural.
  • Create a strong commercial presence early on: The angel funding is great to provide some time, but the site must knit together active commerce relationships quickly. Readers expect them -- just as they do in newspapers. The good news is that these can be partnered. From classifieds (craigslist, eBay's Kijiji, Monster+++) to keyword, behavioral targeting and graphical ad networks, there's a host of connections to make. And on the Internet, no one knows you are the little guy when you have lots of big brothers and sisters on your site.
  • Re-connect the community to the news: I've had good conversations with Joel about user-gen. I think his "news-first" vision is right -- if he then connects useful commenting, ranking and reader posting to the site. Yes, he doesn't need to let the tail wag the news dog, but the tail is important. Reader interaction is a wonderful thing, done well.
  • Make the site a planning must-visit: Much of what papers do is tell you what's happening. Both the Strib and Pioneer Press have struggled with event -- think entertainment and community calendar -- products. If you are MinnPost, why not leapfrog them by partnering with Yelp, which already has a robust Twin Cities presence?

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I think it's great. I have also started a local news site - news, not opinion. I know I am not alone - see The Forum in NH , which is also non-profit. As long as the Internet remains open to all, then I can only see the public being more informed.
They should not be worried about income. The lesson is this: Write good, solid journalism and the eyes - and advertisers - will come. Quickly.

Having a collection of out-of-work journalists is fine, but what I don't see on this all-star roster are any sales people. In fact, that looks like an afterthought. Big mistake--that million bucks ain't gonna last long, and Kaplan et. al. better have a rock solid plan for bringing in enough revenue to support their vision.

While I applaud them for attempting to create a strong local alternative, it's not just about journalismm, not by a long shot. Without a solid business model and revenue stream, MinnPost will be a very short-lived experiment.

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