Chris Brogan observes “the bigger or older or more successful the company, it seems, the more difficult this experience” of finding the next new hit. An observation he feels applies particularly well to media companies.
Brogan would call his approach to this problem the “escape pod” model:
- Pick a small core team, half insiders, half raw new outsiders.
- Stake them a startup seed round.
- Let them go a few months on that.
- No corporate oversight, only report backs. It’s spend/try/live-or-die.
- Assess. Good? Then raise an A round or give them more corporate assets.
- Revise revenue targets.
- Observe. Kill, or green light.
He ends is post with the Big Question: CAN media organizations put new crops into the ground without pulling up the roots to check how they are growing? [via David B.]
"Eagle Bluff Enterprises has received FCC permission to move KOTC from Kennett, Missouri to Memphis, Tennessee. KOTC (830 AM) signed on in July 1947 as KBOA. KOTC went silent on 6-1-08. The justification for the STA was "The station has been temporarily turned off pending format changes and equipment repairs". After the move, KOTC will diplex its 10 KW signal from a tower shared with WHBQ, 560 AM, in Memphis."
I paid $19.95 at Wal-Mart for my Tracfone (sometime in 2005). A year ago I bought a prepaid card (1 year/500 minutes) that expires in a few days. I still have 172 minutes which I lose if I don’t purchase another card. Despite pressure from all quarters to get an iPhone, I picked up another prepaid card. 60 minutes/90 days. I just punched in the PIN number and I’m good till mid-December.
“It’s the year 2007 in Los Angeles, Harry Wyckoff (James Belushi) is a patent attorney and family man. His wife Grace (Dana Delany) is a formidable suburban housewife and mom who also owns a chic Melrose Avenue boutique. Grace is the daughter of Tony and youthful Josie Ito (Angie Dickinson), a socialite radiant with charisma (and with an agenda of her own). Harry and Grace have two children: little Deirdre has been a slow developer, yet to speak a word, and elder son Coty (Ben Savage) — a television addict — has just got an acting job on a new sitcom, Church Windows, alongside fabu superstar and fashion icon Tabba Schwartzkopf (Bebe Neuwirth). However, Wyckoff is plagued by strange dreams — of himself being pursued by a rhinoceros, and visions of a strange tattoo of a palm tree.”