I’m at Reuters this morning, discussing the impact of New Media, Blogging, and the "Attention Scarcity Economy" on traditional news gathering and reporting.
The fact that the Huffington Post can put out a remotely credible business page is part of the reason that both Newspapers and Television have found themselves in trouble.
I don’t understand why media has had such a hard time translating a recognizable old media brand into something more competitive today.
The Huffington Post Business section can be found here:
http://www.huffingtonpost.com/business/
“I don’t understand why media has had such a hard time translating a recognizable old media brand into something more competitive today”…the inability to incumbents to deal successfully with disruptive technology is a common story, analyzed very well by Raynor & Christensen in their book “The Innovator’s Solution.” (Their examples include big steel vs minimills and vacuum tubes vs transistors) I think the same phenomenon is going on with the old media.
I have a review of ther book here.
Just take a look at what used to be “The Big Three Auto Makers”…… Change is difficult when you thnk that you are the only player in the business… So far as I’m concerned they’re all dead already…. Why even bother to point that out to them… Harley Earl must be turning in his grave, his legacy turned to dust by the morons in Detroit….
The only reason why I even bother to tune in to my Television medium, is to watch Aqua Teen HF…. My dog’s name is Shake…
Best regards,
Econolicious
Because they still think the internet is a passing fad. It’s a lot like these real estate investors who refuse to believe that the party is over.
Good point David Foster. I’m sure the horse/buggy manufacturers avoided making cars even though they had the know how. At least old media doesn’t poo on our streets.
Huffington Post – isn’t that the website that constantly prints stuff to the effect that they wish the Vice President would be assassinated/killed/felled by a stroke? Not a credible source of anything, not when stuff like that is so prominently featured, and so regularly.
i like the picture.
it looks like a penguin shooting gallery…..
oh, and Nova….
Yes. Let us DO pray for the continued pulmonary Health of Lord Vader
but prithee pray tell from whence comest thy sources of “credible” news?
Fox perhaps? WSJ?
“”I don’t understand why media has had such a hard time translating a recognizable old media brand into something more competitive today”…the inability to incumbents to deal successfully with disruptive technology is a common story,”
Exactly right. From my perspective, I’ve read 20 some years of “Apple is doomed” stories based on lack of research, lack of detailed knowledge of the product, and, maybe, conflicting financial interests. To be sure, the late nineties were ugly for the company. But my point is, part of the reason the company survived as well as it did, leading up to Steve Jobs’ Second Coming is that the Web made it possible for amateurs smarter than the Forbes or Fortune professionals to get REAL news and analysis out there.
>> Huffington Post – isn’t that the website that constantly prints stuff to the effect that they wish the Vice President would be assassinated/killed/felled by a stroke?
Let’s ask another question: Isn’t this the same rhetorical “beating-your-wife” yellow make-a-point-with-a-question style of journalism pioneered by Fox News (now being adopted elsewhere in a “race to the bottom”!)?
>> “…prints stuff…”
From what I hear, Huffington sometimes removes posts she finds offensive. But, regardless of whether she does or doesn’t, you don’t impute the range of posts on this board as reflective of our host’s views, do you? Would you say BR “prints” my views that “Cheney is the worst form of scum” simply because this post appears on this board?
*If* Huffington herself actually makes the remarks you say, then the foregoing is moot, of course.
Just did a little research, and it turns out that the “Die Cheney! Die!” meme is a frequent Huffington Post topic:
http://tinyurl.com/ydtp4w
http://tinyurl.com/2oof3e
http://tinyurl.com/b7ojq
That said, I’m not surprised a couple of the posters here would get all excited about such garbage.
I guess I’ll stick to getting business news from reputable sources which refrain from spewing such demented hate.
brion:
I don’t know why they posted pictures of the waiters at Gino’s. I guess they’re gong to get some huge tips.
Econolicious
demented hate………
you know all about that Nogo..
Ciao
MS
Nova,
For someone who is either a lawyer or studying to be one your reading comprehension is not very good. I’m not trying to flame you but the point of the post was that if it the Huff post can put out a remotely credible business page and the major media can’t make something competitive then the traditional media is in trouble. The fact that the Huff post did it is irrelevant. While you were trying to trash the liberal site you missed the point that a blog can put out a “remotely” credible business page. It could have just as easily been the sludge report or any other of the right’s propaganda outfits.
Nova,
For someone who is either a lawyer or studying to be one your reading comprehension is not very good. I’m not trying to flame you but the point of the post was that if it the Huff post can put out a remotely credible business page and the major media can’t make something competitive then the traditional media is in trouble. The fact that the Huff post did it is irrelevant. While you were trying to trash the liberal site you missed the point that a blog can put out a “remotely” credible business page. It could have just as easily been the sludge report or any other of the right’s propaganda outfits.
sorry for the double post
I guess the perma bulls are writing the beige book now…..
http://biz.yahoo.com/ap/070613/fed_economy.html?.v=14
“moderate growth”…….that’s not what Bernancke said last week.
Snake oil……
Ciao
MS
Huffington Post and Big Picture are perhaps the two finest examples of blogging available.
DOw up almost 150
this is utterly ridiculous….
Just as yesterday’s 130+ drop was
I thought the fed was supposed to not affect the market in this way. Look at the largest movements of the past month….I’d say they have too much influence.
Beige Book report is nothing more than a cheerleaders handbook at this point.
Ciao
MS
Hey Nova-
why don’t you just stick to telling us your returns?
I get a demented kick out of it…..
Why are the old brands dying rather than moving into the new media?
The specific form that the incumbency disadvantage takes in this case is that the old media lack integrity and the ability to interact with their audience, rather than hand down received truth. With so many voices on the new media, the accuracy of reporting can be checked. With the new media so interactive, any shortfalls can and will be pointed out.
The skill set of the old media is about carrying water for the powers that be (or at least the powers that be important for the old media) and about hiding that fact.
The Big Picture has gotten bigger because Barry is honest, interesting, listens to useful opinions from readers even ones he disagrees with, and culls out those posters who are destructive of the discussion.
Nothing in the skill set that has been required institutionally of say the Washington Post has prepared them to act this way. Quite the contrary.
There are two factors propping up the old media: inertia and greed. Inertia meaning that the pace of change is already faster than most people are comfortable with. Greed meaning that change is made more painful by the fact that we leave those rendered obsolete by change out to dry, so they naturally work very hard to obstruct change. Many anti-blog journalists are a good example of this. So is Microsoft.
Economista- Yeah, it’s nice to see the “little guy” get some credit. Try the calamari next time you go to Gino’s….
very well written mr. rooney…..
You must write for a blog… ;)
Nova, thanks for posting the links. Yes, the first one is an editorial, which isn’t just a reader posting comments.
Concerning the threat that bonds pose, the author didn’t mention yet another very important effect. If bond yields do rise significantly, so will mortgate rates. What will that do to the already sick housing market?