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Press Mentions

  • Ad Age/Nat Ives: It's Back: 25 MORE Media People You Should Follow on Twitter
    25 media types worth following on Twitter.
  • 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."

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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BlogBurst

« SIIA Previews: New Web Miners Emerge | Main | Newspapers: Be Careful Who You Consort With? »

January 22, 2008

O’Shea, Hutton Thrown From Speeding Rollercoaster

What began as a trickle is becoming a flood.

Another L.A. Times top editor bites the dust? Didn’t I just read that news? As news reports have pointed out, that’s the fourth Times top editor or publisher to depart in three years. But, amazingly, it doesn’t really surprise us anymore. We’re inured to the bad news the industry is rolling off its own presses.

James O’Shea’s departure, caused by his refusal to accept new Sam Zell-era budget cuts, is of course just one of many across the country. When, not long ago, Times publisher Jeff Johnson stood up to Old Tribune management, refusing further cuts, he found himself forced out but his heroism was praised. When Times Editor John Carroll made his own public point, taking his leave as he decried the loss of resources needed to create substantial community journalism, he received kudos.

I trust, given the times, O’Shea’s lauding will have a shorter half-life, though his parting cri de coeur is worth distribution:

“Journalists and not accountants should seize responsibility for the financial health of our newspapers,” he wrote, “so journalists can make decisions about the size of our staffs and how much news remains in our papers and Web sites.”

Yes, indeed, but the "our" is what's in question now. Editors are losing custody of their papers.

The L.A. Times, of course, has long been the #1 daily in my little state of California, home of the world’s sixth biggest economy. The #2 daily has long been the Mercury News, once the pride of Knight Ridder and another one (with the Times) of America’s top 10 papers. No longer. (Just wondering: Is anybody still even doing these rankings and, if so, properly updating them given the quality declines we're seeing?)

Just before O’Shea’s ouster was announced, the Mercury News was itself going through a wrenching change.

Carole Leigh Hutton and George Riggs, two long-time Knight Ridderites brought into the MediaNews fold, fell out of it, within a week of each other. Carole Leigh had been on the job for just seven months. She had moved into it as a reliable, trusted hand when Merc News editor Susan Goldberg escaped to the relative security of Advance’s Cleveland Plain Dealer.

But the Mercury News has received so many body blows – earlier and disproportionately greater Internet competition draining readers and ad revenues, morale-sapping buyout after buyout and even inexplicable million dollar-plus budgeting “errors” – that the papers’ fortunes seem to tumble backwards in time. Reading it each day is like journalistic sci fi, seeing a paper launched into top status starting back in the ‘80s fall helplessly back to its small-town roots. Garish design, embarrassing writing, one-source stories and four-page sections that look like shopper editions too are new hallmarks of the once-proud paper. Meanwhile, by one Comscore 2007/2006 comparison, MercuryNews.com's lost 30% of its unique visitors year over year.

Brought in to right the sinking ship, Hutton lost the confidence of Media News execs when she urged a radical re-shaping and reconfiguration of the product – into three sections – and lost her job in the wink of an eye. Riggs, whom MediaNews had promoted to his post as head of MediaNews’ California Newspaper Partnership from his post as Merc publisher, left soon after, apparently just having had enough.

The changes at the top we’re seeing aren’t limited to the old, tired print side of the business. Wes Jackson, an early online leader for Belo, left his post as head of Belo Interactive last year. My sources tell me he’ll soon be followed by several other online newspaper business heads. The reason: frustration with the pace of change and empowerment.

So nobody’s happy, and the exodus we’ve so far seen is only prologue. Among buyouts, layoffs, early retirements and executive ennui, the numbers departing will only increase.

The most interesting question emerging in 2008 is where will they go.

There are 200,000 or so students in college-level journalism and mass communications (though news editorial work is one of the smaller concentrations here, among advertising and public relations), and many newspaper émigrés are finding havens in academe, planning on training the journalists of tomorrow for jobs that may well not exist. But there are only so many academic positions.

Anyhow, sick as they are of the industry’s downturn, journalists at all levels have a love/hate relationship with the craft. Once a journalist, always a journalist, on some deep level.

So maybe the metaphor here is two roller coasters passing in the night.

One reached its apex at the turn of the century, when newspapers were fat. That coaster is headed for the historic registry, and it’s started its downward descent, picking up speed each month.

The second is making painfully slow clack-clack-clack noises, climbing fitfully, rung by rung, giving both its passengers and spectators a wonder of whether it can keep climbing. In its first "national" car are such pioneer passengers as ProPublica, The Politico, HuffPost, Talking Points, Salon, Slate and the brand new Politicker, among others. Its second "local" car holds, among other others, the tiny staffs of CrossCut, Pegasus, MinnPost, the New Haven Independent and VoiceofSanDiego -- and few pilot passengers with unannounced business plans.

Two coasters. Uneven velocity. Treacherous track. And power supplies that can’t be called uninterrupted.

How many of the journalists jumping out of the descending coaster will make the leap to the slow-moving ascending coaster. How many of them will bring some funding with them? How many will find new ways to practice the craft?

In the amusement park that modern news media is becoming, these will be two rides to watch.

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I became a professional journalist in 1983 and worked my way up from news desk clerk at a now-defunct major metro daily to editor of a global entertainment trade paper. I'm currently unemployed 13 months, the victim of a layoff. I'm just one person in a universe of thousands and the number is growing by the day. Hopefully those operating the "ascending coaster," as you put it, will recognize that there are plenty of us out here with the talent and commitment to get the job done. All we need is a break.

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