<![CDATA[Valleywag: death of print]]> http://cache.gawker.com/assets/base/img/thumbs140x140/valleywag.com.png <![CDATA[Valleywag: death of print]]> http://valleywag.com/tag/death of print http://valleywag.com/tag/death of print <![CDATA[ American teenagers spend more time online than watching television ]]> While the amount of time American teenagers spent online and watching television both increased year-over-year, average time online increased from 10.7 hours last year to 12.5 hours this year, surpassing the amount of time spent in front of the television, 11.9 hours. If television viewing isn't losing eyeball share, what is? Reading. The number of teens and tweens who read a magazine for fun were both down from last year. [MediaWeek] (Photo by Derek Baird)

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Thu, 19 Jun 2008 15:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=5018080&view=rss&microfeed=true
<![CDATA[ Teen magazine publisher discovers Web, 13 years too late ]]>
Bauer Publishing has launched 4tnz, a website which appears to be cut-and-pasted from its teenage print titles and scanned onto the Web. "4tnz is Bauer Publishing’s first major foray into online publishing," the press release reads, and it shows. There are quizzes, but instead of having the answers printed upside-down at the bottom of the page, you can see the answers right-side up, in your browser window. One could make an observation about how it looks like Bauer's young-teen audience has built the site for the publisher. But that's too easy. The real problem is that 4tnz's would-be readers already have built their own equivalents, on MySpace and Tumblr and thousands of other websites. They have no need of the likes of Bauer.

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Thu, 05 Jun 2008 14:40:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=5013656&view=rss&microfeed=true
<![CDATA[ Attempt to spark Kindle flame leaves publishers cold at Book Expo ]]> LOS ANGELES, CA — Consumers aren't the only ones not buying the Amazon Kindle pitch. At a presentation by Amazon.com representatives at Book Expo America on Saturday, publishers proved an equally tough sell. The reps held a special session to introduce publishers to Amazon's tools for uploading, publishing, and managing inventory for the Kindle. While the Digital Tools for Publishers system is slick and easy to use, the company wasn't particularly transparent about questions regarding the size and makeup of the market for Kindle e-books.

The representatives declined to discuss sales numbers of the Kindle, only saying that it's generally first or second on the list of best selling items in the retailer's electronics category. And there was no information about demographics — a critical piece of data to book marketers, where the sheer number and breadth of subject matter in published titles, combined with limited marketing budgets, mean that niche audience appeals are critical.

Publishers receive 35 percent of the list price they set for titles per sale. However, larger publishers who move lots of physical units can probably negotiate better deals, and even get physical books converted to e-book format for free. But the Amazonians declined to comment on specifics due to antitrust concerns — belying their role as price-setter for the entire publishing market in print and otherwise.

Later, I dropped by the Amazon booth to see the Kindle in the wild. There were maybe three or four units on display, each closely held by a spokesperson. Visitors weren't even allowed to handle one of the devices for themselves, presumably for fear they'd walk away with one.

But giving them away might have been a smart move. Nothing sells the Kindle like the Kindle, not even the price cut to $359 from $399 that Amazon CEO Jeff Bezos touted in his speech Friday. A three-figure price point simply won't get the devices into the hands of readers fast enough to make the market for content worthwhile for publishers anytime soon.

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Mon, 02 Jun 2008 09:40:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=5012278&view=rss&microfeed=true
<![CDATA[ Bloggin' journos want to bring sexy back to classified ads ]]> reinventingclassifieds_hates_craigslist.jpgSteve Outing, a former editor at the Poynter Institute and self-described "new-media visionary" Christopher Ryan have started a blog to brainstorm ideas for new classified advertising business models. While quotes from the likes of new media pundit JD Lasica assert "Craig Newmark of Craigslist is not the devil incarnate," the level of obsession is evidenced in the site's popular categories. One cure for the classified ad revenue decline fever suggested? More Seesmic! [ReinventingClassifieds]

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Thu, 29 May 2008 14:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=394087&view=rss&microfeed=true
<![CDATA[ New York Times spent $40 million for ability to link ]]> Last week, Publishing 2.0 noted that the New York Times was finally using hypertext links in articles in a meaningful way. Welcome to the 20th century, Grey Lady! The Times invested in WordPress, which is used for the site's blogs, but the rest of the product? That required an expensive upgrade to CCI NewsGate, which comes with a $40 million price tag and is "very time consuming to integrate, especially across multiple properties," according to an editor at another major market daily.

Previously, a Web producer had to intervene if you wanted to drop a link in your article.

It's how almost all newspapers are. They have publishing systems tied to the creation of the print product, with the web operations appended like some sort of added bedroom for the unexpected kid had late in life. Total Rube Goldberg stuff. A single publishing system that works for both platforms wasn't available until November of last year, and it's still pretty buggy (think first iPod) and around $40M.
A former Times insider says that the CCI upgrade was made not for links, though, but to enable later press deadlines. Whatever the reason for the software buy, the upgrade from the print-first culture inculcated by J-school professors and senior editors will likely take a lot longer to install.
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Thu, 29 May 2008 10:40:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=393981&view=rss&microfeed=true
<![CDATA[ Amazon defendant in class action lawsuit brought by BookLocker ]]> amazone_buy_now_button.jpgBookLocker, one of many print-on-demand (POD) publishers who are threatened by Amazon's move to vertically integrate POD with online sales by priveleging authors who publish with Amazon subsidiary BookSurge, has brought a lawsuit against the Web retailing giant in the United States District Court of Maine. According to the allegations, Amazon and BookSurge have done everything in their power to keep this under the radar — by notifying publishers and authors over the phone instead of in writing, and demanding confidentiality agreements in the proposed contracts. But the case really hinges on the power of the "Buy now with 1-Click™" button. Why should you care?



Because Amazon already does much to determine what books sell, and how much they sell for, which directly impacts the trade in ideas between readers and writers, not to mention the bottom lines of publishers and the ability for authors to pay rent. In a world where Amazon controls distribution of physical books from small publishers through POD publishing, sales and distribution, as well as electronic distribution through the Kindle reader, the company can effectively shut uncooperative publishers and their ideas out of the business.

The suit itself [PDF] has only just been submitted, and a district court judge will have to judge the case on its merits as well as certify as a class action if other POD publishers, such as LightningSource and Lulu, come forward as fellow plaintiffs in the case. Amazon could relent on some of the more obnoxious terms of their own volition, however, and nip this dispute in the bud if it so chose — which just goes to show how much power Amazon founder Jeff Bezos has over the future of publishing.

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Wed, 21 May 2008 05:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=392233&view=rss&microfeed=true
<![CDATA[ Julia Allison, Star plumb depths of online-video medium ]]> Star magazine's new Web show lets the whole Internet read gossip together! It's like commenting on a regular online video, but you have to find the host, Star editor-at-large Julia Allison, on the streets of Manhattan to have your say on last week's stale celeb snapshots. Imagine what will happen when Allison takes her talent for crashing to the next logical level and turns up in the middle of Lindsay Campbell's New York based woman-on-the-street interview show, MobLogic.tv.

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Tue, 13 May 2008 16:40:00 PDT Melissa Gira Grant http://valleywag.com/index.php?op=postcommentfeed&postId=390099&view=rss&microfeed=true
<![CDATA[ Is Craig Newmark a Leninist, or just a lookalike? Don't ask a newspaper man ]]> separated_at_birth_craig_newmark_vladimir_lenin.jpgIn the wake of eBay's suit against Craiglist, we get a touch more fear and loathing from a newspaper about the online classifieds site and local bulletin board from the Times:
[Craigslist] is also a site that is deeply tied up with the fate of newspapers — indeed, many in the newspaper industry blame the site's founder, Craig Newmark, for the downturn in their classified-advertising business.
The Times pegs the company's revenue at $80 million to $100 million annually — a lowball estimate, from what we hear — and gets founder and chairman Newmark to admit he's never donated more than $20,000 to any particular cause. But it's the kicker that makes on wonder how enthusiastic a capitalist Newmark is. "We know these guys in Google and the eBay guys, and they are not any happier than anyone else," says Newmark. "A lot of money is a burden." $10 million, his estimated take from a deal with eBay to let them buy shares in Craigslist, must not be enough for Newmark to feel burdened. Give it away, Craig — you have nothing to lose but your chains! Not to mention the Times photo, in full below, which made me wonder whether Newmark and Lenin were separated at birth.

separated_at_birth_craig_newmark_vladimir_lenin_at_desks.jpg

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Mon, 12 May 2008 10:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=389573&view=rss&microfeed=true
<![CDATA[ InfoWorld making 37 percent profit margin one year after ditching print ]]> International Data Group, the tech publisher, was losing money every time it printed signature title InfoWorld. After kicking the paper habit, the title is now making $1.6 million per month in revenue, and approximately $592,000 net profit, the Times reports:

In 2002, 86 percent of the revenue from IDG's publications came from print and 14 percent online. These days, 52 percent of the revenue is from online ads, while 48 percent is from the print side.
Sure, it serves a technology niche with a well-connected audience and advertisers inclined to turn to the Web. But where technology publishing goes, general interest content is sure to follow, goes the thinking. Only one hole in that theory: CNET. ]]>
Mon, 05 May 2008 13:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=387310&view=rss&microfeed=true
<![CDATA[ Forbes reporter leaves to join VC firm ]]> Erika BrownIn the newsrooms of Silicon Valley, they call it "going native." In New York, media is a semirespectable profession, and the skyscraper snobs of the world's leading infotainment conglomerates assume that those who drop out for lesser arts like PR just couldn't cut it. Not so here. Erika Brown, who covered venture capital for Forbes, is leaving the magazine to join Matrix Partners as the VC firm's director of marketing and business development. (Biz dev? I can't picture Brown, a snappy dresser, in blue shirts and pleated khakis.) Did Brown parlay her contacts from reporting into a new job? It's hard to imagine she didn't. And one can hardly blame her. The death of magazines may or may not be imminent. But serving time in a distant bureau of a magazine which is mostly diffident about the Valley is a career killer. Brown's note to friends:

I am about to take a big leap into a new and exciting career.

Starting mid-June I will be the director of marketing and business development at Matrix Partners.

It will be an amazing opportunity to work with a top-tier, 31 year-old firm with a history of stellar returns, and is a great way to leverage my research/networking/relationship building skills.

I am thrilled to be joining such an impressive team. Matrix has helped build a number of tech leaders, including Apple, Sandisk, Veritas, Alteon, Aruba and JBoss. The firm currently has $2+ billion under management, offices in Silicon Valley and India, and is headquartered in Waltham, Mass.

Matrix has a solid reputation and is looking to increase its emphasis on the West Coast. I will be based in the firm's Sand Hill Rd. office.

My primary responsibility will be to investigate new areas of investment. I am hoping to discover and reach out to innovators in multiple sectors, including green tech, consumer Internet, digital media and software-as-a-service. That means establishing new relationships with entrepreneurs, executives and other industry experts to collaborate with them to solve business problems and unearth new investment opportunities.

So, for all you entrepreneurs, innovators and industry leaders out there: Let's do lunch!

All that said, I will be sad to leave Forbes. I have loved my ten years at the magazine and Web site, and have built many life-long friendships. It has also been a great learning experience and career opportunity for me. I am going to miss the place.

For those of you also considering new directions, a little inspiration:

"Begin doing what you want now. We have only this moment, sparkling like a star in our hand—and melting like a snowflake."
-Marie Beynon Ray

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Fri, 02 May 2008 10:20:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=386633&view=rss&microfeed=true
<![CDATA[ Slow-motion newspaper-industry death continues ]]> Newspaper readership, long resilient, is now clearly dropping. Paid circulation from September 2007 to March 2008 dropped 3.6 percent from the similar period a year ago; Sunday circulation dropped 4.6 percent. [Reuters]

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Mon, 28 Apr 2008 15:20:00 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=384918&view=rss&microfeed=true
<![CDATA[ PlanetOut sells print business to gay TV service ]]> planetout_logo_corp.gifBill Gates's money hasn't been enough to staunch the bleeding at PlanetOut. The San Francisco-based gay-media company is finalizing a deal to sell its magazine and book publishing business to the Here Network, a gay and lesbian video-on-demand service. The company publishes leading gay-interest mags The Advocate and Out. Subscribers were up but ad pages down in 2007. A decline in advertising from pharmaceutical companies hurt The Advocate. PlanetOut will keep its online properties such as Gay.com, and promises to promote Here movies as part of the deal.

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Fri, 11 Apr 2008 10:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=378803&view=rss&microfeed=true
<![CDATA[ San Francisco Chronicle, you're doing it wrong: It's business in the front, party in the back ]]> As commenter WhatBubble pointed out, when it comes to mullets, it's supposed to be business in the front, party in the back. The San Francisco Chronicle got a trim in February, and some days now runs the sports section and business section together — but got it backwards, with the sports party in the front, and the exploits of captains of industry relegated to the rear. The New York Times has also combined the two sections in the weekday edition, but properly puts business up front. But hey, for those who like their business in the back, the Chronicle has you pegged.

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Tue, 08 Apr 2008 17:00:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=377541&view=rss&microfeed=true
<![CDATA[ Amazon.com puts the screws to small publishers ]]> amazon_jeff_bezos.jpgRemember how print-on-demand technologies were going to liberate anyone to publish books? Still true, as long as you don't want to sell your wares on Amazon.com. For access to the online bookseller which controls 15 percent of the U.S. market, you'll have to use BookSurge, an Amazon subsidiary. That's according to a number of print-on-demand authors and publishers who've been contacted by Amazon and told to either switch to BookSurge or see the "buy" button disappear from their books' listings. The books will still be listed, but customers will have to order through resellers, and the titles won't qualify for Amazon's free shipping offers.

I've got a lot of friends who've been hit hard by the changes in the publishing industry over the last few years, especially the collapse of Publisher's Group West which left small publishers like McSweeney's short millions of dollars. Amazon has now vertically integrated online book sales, print-on-demand, audiobook downloads and e-book sales through the Kindle. This move is just the latest example of how they can now dictate the terms of American book publishing. I'd write a book about it, but would anyone read? (Photo by AP/Andy Rogers)

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Fri, 28 Mar 2008 16:20:00 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=373679&view=rss&microfeed=true
<![CDATA[ Newsweek paid Steven Levy six figures to jump to Wired ]]> LevySuch is the plight of the dying magazine business: Newsweek paid what's rumored to be a high-six-figures ransom not to keep Steven Levy, its star tech writer, but to unburden itself of him just so he could join Wired. The Washington Post-owned weekly is offering editorial staff generous buyouts, up to two years' salaries, to reduce its headcount. Levy smartly leapt at the offer, knowing he could easily get a job elsewhere. Something seems backwards in this labor market: Don't acquirers normally pay a premium for control?

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Fri, 21 Mar 2008 13:40:32 PDT Owen Thomas http://valleywag.com/index.php?op=postcommentfeed&postId=370885&view=rss&microfeed=true
<![CDATA[ Mercury News editor leaves troubled newspaper for slightly less troubled one ]]> Vindu Goel, Mercury NewsSan Jose Mercury News business and technology reporter Vindu Goel is returning to the New York Times, where he once interned as a young cub reporter, to be the new deputy technology editor. The Michigan and Harvard alum likes fine wine and long walks in the woods. The Times is hoping to boost its technology coverage, while the Merc loses yet another veteran from a once-esteemed tech-reporting staff.

Goel's Facebook buddy and comrade on the tech desk Dean Takahashi signed with VentureBeat just last month. VentureBeat is run by, you guessed it, another former Merc techie, Matt Marshall. Goel should be happy he's getting out while the getting is good: MediaNews Group, the Denver newspaper group which bought the Merc last year, is dumping editorial staff at all its papers through layoffs and buyouts.

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Wed, 19 Mar 2008 14:40:53 PDT Jackson West http://valleywag.com/index.php?op=postcommentfeed&postId=369876&view=rss&microfeed=true
<![CDATA[ Phones dead at Red Herring ]]> NICK DOUGLAS — The silent death of Red Herring continues as the Silicon Valley magazine, now defaulting on a loan, slips into the night. Says a reader: "Another sign of RH's imminent folding? Every number at RH seems disconnected - maybe they didn't pay the bills?" ]]> Fri, 04 May 2007 17:07:05 PDT Nick Douglas http://valleywag.com/index.php?op=postcommentfeed&postId=257953&view=rss&microfeed=true