Archive for the 'management' Category
Posted on September 21, 2009 by Dr. Denny under Internet, Scholars & Rogues, Web, advertising, capitalism, corporate governance, journalism, management, marketing, news, newspapers, public interest [ Comments: 4 ]
The word carries a sense of enforced separation — walls, as in pay walls. Keep out those who don’t belong — meaning those who don’t, won’t, or can’t pay.
Managers of content-provision corporations — there’s no point any more in calling them “newspaper companies” — are desperate for revenue after enduring print ad losses. So, after 15 years of giving away the milk for free online, they’ve finally mustered up the cojones to at least talk about charging for content on their websites. They speak of this in a language the reporters they’ve fired would never use — the content provision managers talk of monetizing their sites, of incorporating paid-content strategies, of generating additional digital revenue.
And if you believe pay-content impresario Steven Brill of Journalism Online, about 1,000 publishers — er, content-provision specialists — expect to make $900 million at $8.33 a month from the 10 percent of online website visitors Mr. Brill thinks would be willing to cough of up the cash. But an American Press Institute study says only 51 percent of publishers (who voluntarily completed a survey) think they can charge successfully for online content.
But what does “successfully” mean? And who gets to define it? Easy: Cui bono?
Full Story »
Posted on August 29, 2009 by Dr. Denny under Scholars & Rogues, Web, advertising, capitalism, corporate governance, culture, intellectual property, journalism, management, marketing, media, new media, news, newspapers, popular culture, social media [ Comments: 5 ]
The newspaper industry promises it will begin charging for news online. But it shares a similar problem with the music industry. It has allowed consumers of news for well more than a decade to treat news as a free good.
Further, during that decade, the newspaper industry has purposely deteriorated its product in a vain attempt to chase the last dram of declining advertising revenue. To do this, it has cut costs in the two principal areas it can — paper and people. Physically, newspapers have shrunk in height, width and number of pages, reducing the amount of newsprint required. In 1990 America’s daily newspapers had 56,900 staffers; 5,900 journalists lost their jobs in 2008; and thousands more have been whacked this year. And it’s the expensive high end of the experience spectrum that the industry has callously discarded. So profit levels remained tolerable to shareholders, but only because of decreased costs — not increased revenue.
And the titans of the industry now say they’re going to charge for a product produced by fewer people with less experience that’s led to far more editing errors and one-source stories that reveal much in their shallowness about the quality of the product being sold? Good luck with leading the paid content charge, Rupert.
Full Story »
Posted on June 12, 2009 by Dr. Denny under Internet, Scholars & Rogues, Web, business, economy, journalism, management, marketing, media, new media, newspapers, public interest [ Comments: 7 ]
Salaries at newspapers are rising, reports Jennifer Saba of Editor & Publisher, a newspaper industry trade journal. But it’s not necessarily good news for would-be journalists looking to break into an industry beset by revenue problems.
Newspaper wages rose 2.1 percent from 2008 to 2009, reported Ms. Saba, based on the annual Newspaper Compensation Study by the Inland Press Association using data from 400 U.S. and Canadian papers.
But the folks getting the raises, up to 13 percent for “interactive producers,” are not the people producing the raw content — news stories.
Full Story »
Posted on January 16, 2009 by Dr. Denny under Internet, Scholars & Rogues, business, capitalism, corporate governance, economy, journalism, management, media, new media, news, newspapers, public interest [ Comments: 6 ]
A business ought to make a profit if it’s properly capitalized and wisely run. If it is neither, it fails. Today, the Minneapolis Star-Tribune filed for bankruptcy under Chapter 11, joining the Tribune Co., publisher of the Chicago Tribune and the Los Angeles Times, in the red-ink tank.
With assets of $493.2 million and liabilities of $661.1 million, the Strib, as it’s commonly known, certainly qualifies as undercapitalized. (Yes, we know: Declines in print advertising revenues had a great deal to do with this.) Wisely run? Less than two years ago, then-owner McClatchy Co. sold the Strib to a private equity group, Avista Capital Partners of New York, for $530 million.
So what does a gaggle of “seasoned professionals” — whose Web site says its “Global Partnership Strategy of focus, collaboration and expertise in business and investing—will enable us to do more than just make ‘good buys’ in today’s market … and supports management and enhances operational performance, creating real value” — know about newspapering?
Full Story »
Remember the days when you’d bring in the newspaper from the front porch and drop it on the kitchen table, hearing a satisfying thunk as it landed? Remember when the newspaper had heft?
The newspaper business is contracting, much like a hypothermia victim losing circulation in the extremities to protect the body’s core. The recession now swallowing the global economy has accelerated that shrinkage.
Newspapers have contracted in physical size, rate of print publication, ability to produce quality journalism in quantity, reputation for credibility, meaningful participation in public discourse — and, of course, revenue. Their corporate leaders say the lousy revenue’s their problem; therefore, either more revenue or fewer expenses will solve the problem. Well, they’re not getting more revenue. Hence, the contractions.
And that is the problem: The newspaper industry doesn’t recognize what its problem truly is. Well, here it is: Newspapers no longer control readers’ habits.
Full Story »
Posted on December 12, 2008 by Dr. Denny under Web, advertising, business, capitalism, citizen journalism, corporate governance, corruption, economy, management, media, new media, news, newspapers, public interest [ Comments: 9 ]
For 20 years, I was a newsman. A damned good one. I learned the craft from good newsmen who learned it from other good newsmen before me. No steenkin’ journalism school for me.
I learned to parse cop code by making daily phone calls to the cops to get the police log — and often walked to the cop shop and read it myself when the damned desk sergeant wouldn’t read it to me. I learned by paying attention to details. I listened to what sources said — always more than one, y’know — and wrote it down. I had a newsroom godfather who taught me well: “Get it right. Period.” I only used anonymous sources three times in 20 years.
One day Editor Bob said he’d heard somebody was going to build a nuclear plant up river. “Find out,” he said. I did. I had to learn how nukes operated in less than two hours before going to the presser for the announcement. I was the only newsman who asked: “Will this be a boiling water or pressurized water reactor?” Hell, the PR types didn’t know. I did. I knew the in’s and out’s of each. Score one for me. I learned the beat quickly. I reported what the utility and the government didn’t want my readers to know. I wore a button given to me by my news editor: “Question Authority.” I found facts — so my readers found out something they needed to know.
Full Story »
I sometimes post opinions that I know will get my head taken off. This is one of them.
The media is wrong about AIG. The $400,000-plus retreat that has everyone so outraged was not for failed executives, but for top-producing salespeople. Events like this one are common across the US for top salespeople, and there’s a very good reason for it.
I’ve been around way too many salespeople in my life. They aren’t the most likable bunch unless your idea of a good time is hanging out with greasy gladhanders wearing outsized jewelry who’d sell their children into slavery for a $1.95 order of paper clips. But I don’t have to like them to understand that they are necessary to keep the money coming in, the economy humming, and the rest of us employed. Full Story »
Posted on September 18, 2008 by Dr. Denny under Bush administration, ClimaTweet, Constitution, Democrats, Internet, Republicans, business, campaign finance, capitalism, censorship, conservatives, corporate governance, corruption, economy, education, elections, energy, environment, global warming, homeland security, immigration, infrastructure, journalism, liberals, lobbying, management, media, net neutrality, policy, politics, telecommunications [ Comments: 2 ]
Yo, Barack! Hey, John! I know you’ve been busy, cruising around the country, giving those same ol’ stump speeches over and over again. (Doncha get tired of that? We sure do.)
Park for a minute and tell us something. After you’re elected president, what are you gonna do with those buffoons running the Minerals Management Service that collects each year oil and gas royalties of $10 billion from oil companies? The Interior Department’s inspector general says top officials there have been involved in “financial self-dealing, accepting gifts from energy companies, cocaine use and sexual misconduct.”
And while you’re at it, what about Nancy Nord, the acting chairwoman of the Consumer Product Safety Commission? You plan to let her keep on defending “trips she took that were paid for by the industries that her agency regulates“? You gonna let her keep on telling Congress that her agency does not need a larger budget to police the the industries that produce the nation’s consumer goods?
Full Story »
Posted on September 16, 2008 by Dr. Denny under Religious Right, Web, advertising, capitalism, censorship, corporate governance, corruption, culture, free speech, lobbying, management, marketing, media, neocons, new media, news, newspapers, policy, politics, popular culture, social media, society, telecommunications, television, totalitarianism, video [ Comments: 1 ]
Y’know, these days, so many people with so many different motives are trying to tell me in so many ways what the “truth” is that I wonder whether I’d recognize a “truth” — any “truth” at all.
I give up. I’ve collapsed under the oppressing weight of lies, prevarications, deceits, “policy adjustments,” rhetoric, no-longer-operative statements, attack ads, Perino-isms, cunningly packaged spin, and Rovian stump speeches with the rhetorical content equivalent to the unflushed contents of a toilet bowl.
Would someone please make possession of a Teleprompter a federal crime, punishable by listening to Rush Limbaugh 24/7 for life? Or Al Franken, for that matter? Can we stop the incessant harangue so reminiscent of “Father Knows Best” or, in the event Sarah Palin is speaking, “Mother Knows Best”? Or Hillary or Bill: “We Know Best”?
Full Story »
Posted on September 12, 2008 by Dr. Denny under 1st Amendment, 9/11, Africa, Bush administration, Congress, Democrats, Iraq, Quotabull, Republicans, Senate, capitalism, civil rights, conservatives, corporate governance, crime, economy, education, elections, environment, foreign policy, free speech, government, journalism, management, national security, politics, popular culture, sex, terrorism, war, women [ Comments: none ]

With the bailout of Freddie Mac and Fannie Mae, the Reagan revolution has at last realized the robber barons’ dream: privatize the profits and socialize the debt. Nicely done, fellas.
— a letter to the editor of The New York Times from Candida Pugh of Oakland, Calif.; Sept. 10; emphasis added.
We now see the compensation wasn’t deserved. I don’t think taxpayers want their money to go to the C.E.O.’s of these very large institutions.
— Sen. Chuck Schumer, D-N.Y., on the exit pay packages of Daniel H. Mudd of Fannie Mae and Richard F. Syron of Freddie Mac who, The Times’ Eric Dash reports, are eligible for as much as $24 million in severance, retirement benefits and deferred compensation; Sept. 10.
Full Story »
Posted on August 27, 2008 by Brian Angliss under ClimaTweet, DNC, United States, business, culture, education, energy, global warming, infrastructure, management, marketing, national security, policy, politics, progress, progressives, science, society, technology [ Comments: none ]
Monday night, Dialog:City held the poorly attended Green Constitutional Congress with the intent to open a democratic dialog between the attendees and the panelists. Instead, what the attendees got was nearly 30 minutes of rambling monologue by organizer and moderator Bruce Mau followed by six additional monologues by the panelists and wrapping up with nearly no discussion of any kind between the panelists. So much for dialog.
However, what the Green Constitutional Congress lacked in focus it generally compensated for with interesting information coming from the panelists themselves. Full Story »
Posted on August 20, 2008 by whythawk under business, capitalism, corporate governance, corruption, crime, culture, entertainment, freedom, management, politics, popular culture, society [ Comments: 8 ]
This Olympics, 2008, we mortals have been in the company of gods. Michael Phelps. Eight golds. Seven world records. Usain Bolt. Two golds. Two world records.
No-one who watched Usain Bolt actually break stride, look around, slow down and beat his chest in victory 15 METRES BEFORE THE LINE could have any doubt that you are watching a supreme athlete.
Athletes are the supreme example of physical genius. Full Story »
Posted on August 15, 2008 by Dr. Denny under Internet, Web, advertising, capitalism, corporate governance, economy, journalism, management, new media, newspapers, public interest, social media [ Comments: 21 ]
If you’re a CEO whose company has shorted its customers on quality and safety, you’re breathing a little easier today.
If you’re a politician who has traded favors with the über-rich in exchange for campaign cash, you’re relieved.
If you’re a government official who has allowed ideology or bribes rather than dedication to public service to shape your decision-making, you’re home free.
That’s because there will be fewer journalists nosing around on your turf.
Gannett Co. is eliminating 1,000 jobs across its newspaper operations, including 600 layoffs. That includes 84 dailies such as The Arizona Republic and the Detroit Free Press as well as nearly 900 non-daily publications but not USA Today, reports the Chicago Tribune. That means fewer journalists available to defend the public’s interest.
Full Story »
Posted on June 19, 2008 by Dr. Denny under Internet, Web, blogging, business, capitalism, corporate governance, economy, elections, entertainment, free speech, freedom, intellectual property, management, marketing, media, new media, news, newspapers, politics, popular culture, public interest, social media, technology, telecommunications, television, war [ Comments: 4 ]
As the season known as The Most Important Presidential Election Ever nears its apogee (or nadir, depending on your opinion of politics), news organizations ought to be putting as much time, treasure, and talent as possible covering the non-horse race aspects of the campaign — important stuff beyond “who’s gonna be veep,” such as whom the candidates would appoint to what, legislative initiatives they’ll champion, Supreme Court litmus tests, energy and tax policies and the like.
The stakes in this election, pundits say, are the highest ever. (I heard that when Richard Nixon first ran for president.) So what does the Associated Press do to reliably keep us informed of the ins and outs of the really important stuff in presidential politics?
Full Story »
Posted on May 21, 2008 by Dr. Denny under Bush administration, Congress, Constitution, House of Representatives, Senate, campaign finance, capitalism, elections, journalism, lobbying, management, marketing, politics, public interest, society, taxation, trade [ Comments: 2 ]
We are all going to die.
When we do, an industry with 100,000 employees will annually collect about $11 billion in revenue from our survivors, who presumably love us and wish to put us to rest with appropriate pomp and circumstance. Requiescat in pace, although survivors’ wallets might not.
Since 2002, after authorities found the remains of 339 people scattered about the grounds of a Georgia crematorium, the funeral industry has been visited by a wave of regulatory activity in many states. Not surprisingly, the funeral industry, a monopoly in many ways, wishes to influence that regulatory activity. It has also sought to influence drafting and revision of federal regulations, most notably the Federal Trade Commission’s “Funeral Rule.”
According to a richly detailed and footnoted report by Scott Jordan of the National Institute on Money in State Politics, from 1999 to 2006 the industry has coughed up $6 million in political contributions spread over political parties and state-level candidates in 46 states, positioning itself “to have a hand in shaping legislation and regulation” [emphasis added]. Millions more have gone to federal candidates.
This is what lobbyists principally do — act to influence legislation and regulation. And they’re really good at it. Therefore it’s important to take notice when presidential candidates spout rhetoric promising to “curb this industry” and “control that industry.” How will they do that?
Full Story »
Posted on April 9, 2008 by Dr. Denny under 1st Amendment, Constitution, Internet, advertising, blogging, broadband, business, capitalism, citizen journalism, corporate governance, culture, democracy, economy, free speech, government, history, innovation, journalism, lobbying, management, marketing, media, new media, news, newspapers, politics, popular culture, public interest, society, telecommunications, television, video [ Comments: 22 ]
It’s the new conventional wisdom: The news biz is dying. Declining circulation. Abandonment by advertisers. Falling revenues. Cuts in staffing to reduce costs. The news biz needs a new business model, the critical harpies proclaim.
But what should a new business model for an industry whose principal product is journalism look like?
It would have to recognize several new — and old — realities.
• Any new business model must generate profit.
There’s no way around this. Journalism is best sustained within a for-profit frame. A company that engages in newspaper journalism as a product is not supported by government (unlike public television) nor should it be. The same holds for commercial broadcast journalism as well. To provide news, the company must make a profit to attract investors and secure the resources to collect, report and transmit that news. A non-profit model cannot immediately match the breadth and depth of news reporting that a healthy democracy of more than 300 million citizens requires.
Full Story »
It’s an old saw that most newspaper people complain about long hours, low pay, lack of love from the public and overbearing editors who think they know what the story ought to be more than the reporters.
A brief description of job conditions from a lawsuit against the China Daily News might make those complainers think twice:
Reporters testified in the case that they were forced to work six days a week at 12-hour shifts that could extend to 17 hours at times with no breaks for meals. Supervisors altered time cards to make it appear that no overtime was worked. Reporters were also given quotas of stories to come up with, according to the lawsuit.
More than 200 reporters, ad salespeople, delivery drivers, secretaries, and production workers ultimately joined the class-action lawsuit that was first filed in 2004. The group contended they were owed overtime pay dating back to 2000.
Full Story »
Posted on December 26, 2007 by Scholars & Rogues under Bush administration, ClimaTweet, Daily Brushback, Iraq, Millennial Heroes, Religious Right, Scrogues Converse, United States, art, conservatives, corporate governance, corruption, crime, culture, democracy, diplomacy, foreign policy, gay rights, global warming, government, health care, history, immigration, intellectual property, liberals, management, marketing, news, politics, popular culture, race relations, radio, rich/poor gap, satire, society, technology, war [ Comments: 3 ]
Welcome back to day 2 of the S&R Year in Review. Today we tackle some of 2007’s big moments in news and current events.
The Invasion and Occupation of Iraq Surpasses the American Civil War in Duration: The United States’ involvement in World War I lasted only 19 months and World War II lasted 44 months for the United States, even though the war itself was nearly six years long. The occupation of Iraq (aka the Iraq War) outlasted World War II in November of 2006, making the duration of U.S. involvement in Iraq the third longest foreign occupation in U.S. history. The American Civil War lasted 48 months, and the Iraq occupation surpassed that duration on March 20, 2007. This makes the Iraq occupation the third longest running period of continuous conflict in U.S. history, behind only the Vietnam War and its sister conflict in post-Taliban Afghanistan. Full Story »
What do you get if the share price of the company you run topples from $50 to $30 on your watch?
What do you get if your principal stockholder bails out, claiming you failed to act to maintain the share price?
What do you get if you lay off hundreds of employees over the years to reduce expenses but fail to improve the product sufficiently to invigorate revenues?
What you do get? You get rich. Now that Chicago businessman Sam Zell has wheeled himself into ownership of the Tribune Co., current Chairman and Chief Executive Dennis J. FitzSimons is expected to leave at the end of year — with an estimated $40 million, according to corporate disclosure documents.
Full Story »
The Journal Register Co., a media corporation hitting the skids because of flagging ad revenues, just hired a new CEO. James W. Hall, 60, inked a one-year deal for a base pay of $650,000 (I know, mere peanuts) with a lovely set of perks.
He replaces Robert Jelenic, acting CEO since June, who is battling cancer.
Mr. Hall’s compensation agreement (oh my gawd, wait’ll you see it) leaves me speechless considering the company’s financial condition. But first, we must eat our spinach and look at the finances of Journal Register. Then you get dessert. (Teaser: He gets a company-owned 2007 Chevy Envoy, which the company will sell him for $1 in November 2010, and up to $5,500 for lodging near the company’s headquarters.)
Full Story »
|