Category Archives: Quotable & Notes

Profitable Demise

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An intriguing open to a thoughtful article by Jay Rosen (PressThink). The piece (Laying the newspaper gently down to die. And keeping the spirit of journalism alive.) looks at challenges facing the newspaper business and how it is (or is not) meeting those challenges. But I believe there’s something here for all traditional media. My big take-away was a concept called “harvesting market position.” A last-resort business model for companies undermined by substitute technology.

“An industry that won’t move until it is certain of days as good as its golden past is effecively dead, from a strategic point of view. Besides, there is an alternative if you don’t have the faith or will or courage needed to accept reality and deal. The alternative is to drive the property to a profitable demise.

Drive the property to a profitable demise. You won’t see that in the company mission statement. But my favorite quote from Professor Rosen’s article came from Craig Newmark (craigslist):

“I realize I’m no news guy, not an activist; just like everyone else, tired of news that I can’t trust. My favorite irony is that Jon Stewart produces fake news that’s honest; and the White House produces allegedly honest news that’s really fake.”

Connected.

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A couple of nuggets from a new Arbitron/Edison Media study (pdf) released today:

* Eight in 10 Americans have access to the Internet from any location. As of January 2005, 81% of consumers have access to the Internet from any location. This is a remarkable rise from the 50% penetration figure from just six years ago (January 1999).

* The number of people with a broadband Internet connection at home equals the number of people with a dial-up connection at home. In January 2001, only 12% of Americans with Internet access at home used a broadband connection. That figure has since quadrupled. Now, in January 2005, 48% of people with home Internet access have broadband, and 48% have dial-up service.

Randy Michaels on future of radio

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“People today are being entertained different, and that’s a problem for radio. (By the) time a profit is made, satellite radio will be eclipsed by something more profound. Namely, Internet-based radio stations available nationwide thanks to wireless broadband technology. Radio is going to be interactive, and it’s not going to be delivered just by transmitters. The next thing is not satellite, which is another form of point-to-multipoint technology. It will be interactive, two-way communication that’s available to everybody that is the next big thing. Radio companies will have no more defense in defending their business than the railroads did when airplanes came in and took their freight business.”

— Randy Michaels, former Clear Channel Radio CEO, on the future of radio