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Posts Tagged ‘Business’

If it's Good Enough for Oprah…

In Entertainment, Media, Technology on July 15, 2010 at 4:06 pm
According to Keirsey, Oprah Winfrey may be a T...

Image via Wikipedia

So, now that Oprah’s given every member of her magazine’s staff an iPad, publisher Hearst is going to make sure they can read their work on the device.

AdAge reports that Hearst is readying iPad app versions of O, Esquire, Food Network Magazine and its other popular titles, following in the footsteps of its Popular Mechanics app, which has sold more than 12,000 downloads.

“Capitalizing on Oprah Winfrey’s huge role recommending books to her fans, the iPad edition of O, The Oprah Magazine, that’s expected in the fourth quarter will let users buy e-books and read them within the app itself,” the magazine reports. “The app preserve the basic magazine experience but include visual tags that let users know they can see a video message from Ms. Winfrey or interact in some other way. A module on articles will let users make comments and see other readers’ remarks.”

And they’re far from alone.

Peter Kaplan, the former editor of The New York Observer who has just been hired as editorial director of Fairchild Fashion Group (publishers of Women’s Wear Daily, among other publications) tells his old colleagues: “There’s a new generation of readers coming up and they’ll be readingWomen’s Wear and these other publications, and they want a first-rate web site, and they’re gonna want something for the iPad. They want apps!”

And who can blame them?

Sports Illustrated has truly capitalized on the new technology.

When word of the death of Yankee owner George Steinbrenner broke earlier this week, Sports Illustrated quickly swapped out the cover on the iPad version of their magazine from LeBron James to Steinbrenner.

Apparently, take that antiquated print and hello new technology (though, of course, i write this on a table strewn with newspapers and magazines, the way it should be)>

But, like I said yesterday, the writing does appear to be on the tablet.

iPads vs. E-Readers: Things Looking Good for Apple

In Entertainment, Media, Technology on July 14, 2010 at 12:22 pm
Image representing iPad as depicted in CrunchBase

Image via CrunchBase

It’s not a new theme — in fact, earlier this month, I touched upon it — but the evidence seems to be building that e-readers face a tough road ahead.

According to Mashable, a new report by Resolve Media seems to indicate that anyone selling e-readers better do whatever it takes to keep iPads out of the hands of consumers.

The report states that after buying an iPad, 49 percent of people said they would not be buying another e-reader.

There’s also bad news for other devices — 38 percent said they wouldn’t buy a portable gaming device, 32 percent said they wouldn’t buy a netbook or laptop — but it paints a very stark picture for the e-reader industry.

“E-readers should be worried,” Mashable writes. “Even before the Kindle and Nook price cuts, we were already seeing some movement with lower-priced e-readers. We think that reading-only devices will ultimately find a new market at the sub $100 price point. Even at $200, the value proposition for an e-reader versus an iPad is tough to overcome.”

So, while Amazon is shipping its newest iteration of the Kindle and Amazon CEO Jeff Bezos keeps talking about how the iPad and Kindle aren’t really competitors, it seems the more people discover the iPad, the more hurt is in store for the Kindle and similar devices.

Fortunately for Amazon, the Kindle isn’t just a device, it’s a software platform, an app that works on the iPad and, I have to say, on the iPad, it’s wonderful, well-built software that makes reading on the iPad a really nice experience.

And the same’s true for Barnes and Noble. They have the Nook but they also have software that works on the iPad.

I’m the thinking that for e-reader companies, the writing’s on the wall, er, tablet.

Newsweek, Newspapers and Magazines: Not Undead (Yet)

In Entertainment, Technology on June 15, 2010 at 1:05 pm

So, on Monday — for people in the know, or at least those who might have been surfing — Newsweek’s website offered an experience that crossed the line from entertainment to metaphor.

Readers who typed a secret code were greeted with a large headline declaring “Zombies Attack!” and a series of stores chronicling an attack of the undead on the East Coast. There was a timeline, speculation about how the attack started and advice on fighting the zombies (aim for the head).

And while Newsweek’s staff posted a note stating “this isn’t some sort of commentary on our current ownerless limbo…” it’s hard not to see it that way.

The Washington Post Company announced last month that the magazine for sale and there’s been a variety of groups looking to take it over. In the meantime, the magazine is losing staff.

The question is are print publications like Newsweek already a bit undead?

A report out Tuesday from PricewaterhouseCoopers states that the Internet is set to overtake newspapers as the second-largest advertising medium, according to the Wall Street Journal.

The report points out that in the past five years, broadband penetration in the US has grown to 64% from 34% while newspaper revenue has declined almost fifty percent during that time.

And with the growing popularity of tablets and smart phones, PricewaterhouseCoopers sees the mobile ad market also growing, expected to quadruple by 2014.

While there are indications that magazines and newspapers will be able to capitalize on this emerging market, getting as much as five times as much for ads in iPads than they do for print — and that digital versions of magazines could help expand distribution, allowing for the delivery of issues in places where it’s actually easier to send a digital file than a print copy — it’s far from certain all of this will be enough to make a difference.

In the meantime, mobile ad giants such as Apple and Google aren’t taking any chances, battling to dominate the market and grab whatever advertising is to be had.

Of course, as with all competition, this is one battle that’s not exactly filled with polite niceties and it’s already attracted the interest of the Feds.

Maybe publishers such as Wired, GQ and The Wall Street Journal will find ways to make it work for them and develop significant revenue streams allowing them to survive.

Or maybe it’s already too late.

Dave Eggers and Forward to the Past

In Entertainment, Technology, Uncategorized on April 26, 2010 at 8:24 pm

Dave Eggers collects hyphens.

Novelistjournalistmemoirist.

And then there’s

publisherscreenwriterphilanthropisteditor.

And, this past Friday, he reinforced one of them — prize-winner.

This time, it was the Los Angeles Times.

They honored Eggers at their Festival of Books with the  Innovators Award, which ‘recognizes the people and institutions that are doing cutting edge work to bring books, publishing and storytelling into the future, whether in terms of new business models, new technologies or new applications of narrative art.”

The award goes on to say that:

“He is exactly the kind of person the Innovator’s Award is intended to honor: a forward thinker who is not afraid of print, but also not afraid to look ahead to the future, and who is drawing a new generation of writers and readers to the written word.”

The funny thing is that what Eggers is being honored for — being “a forward thinker” —is actually less about forward thinking and more about mixing a commitment to the past with real business smarts.

It’s as the award says, his “refreshing disregard for conventional wisdom” that makes Eggers so important.

Because, while you have people like Michael Wolff who makes money stealing content from newspapers and then goes around predicting their death (here’s a story about one of his predictions of doom; I won’t link to his site because I don’t want to give him any traffic — even typing his name causes pain) it’s very refreshing to have Eggers.

In their coverage of the awards ceremony, the LA Times quotes Eggers offering what could be seen as a rebuke to Wolff.

“It’s the best time in the history of the printed word to be a publisher or a writer,” he said. “People want to declare the death of the printed word. It’s always our tendency to assume something is dying. It’s a fun thing to do, but it doesn’t always make sense.”

In the article, Eggers offers up part of his philosophy as a publisher.

“I’m actually quite a traditionalist,” he says. “We’re trying to make the business model rational, scalable, reasonable.”

And that really may be the key — not every media outlet has to be everything to everybody. You don’t need to own a chain of papers, or a baseball team, or television stations and real estate holding; to be a successful publisher, maybe you just need to keep things in perspective.

As Eggers told The Onion’s AV Club earlier this year:

“The paper-based media really has to work within a rational scale, and if they do, they’ll be fine. There’s plenty of room, people really care, there are magazines that people will fight to hold onto. You might not be able to operate your own LearJet and have an unlimited expense account, but if you have a reasonable expectation for a print-based product, whether it’s a newspaper or a magazine, you can certainly exist.

“Your readers will make sure you exist.”

Hallelujah.

Old Forms and New Directions

In Uncategorized on March 27, 2010 at 8:44 am
Johannes Gutenberg

Image via Wikipedia

Some 570 years or so after Johannes Gutenberg invented movable type — giving birth to modern printing — people are still buying books.

And while the technology has improved somewhat over the centuries, the basic concept is the same — books are printed (though in numbers that probably would have staggered Gutenberg’s mind) and people buy them.

Numbers released last week by Publisher’s Weekly show this is still the case.

It was the recap of the best sellers of 2009 and it showed that in this age of distraction, with movies, television, video games and life moving at a seemingly ever-increasing rate, people are still going to the store (or their computer) and ordering books.

Presumably, some of the books are also actually read.

Dan Brown followed up the monumental success of The Da Vinci Code with the monumental success of The Lost Symbol, selling more than 5.5 million copies in hardcover to make it the best selling novel of 2009. While there aren’t exact numbers around, it does appear that he sold more copies than the next few books on the list combined.

As expected, the list is filled with the familiar named authors of blockbusters (John Grisham, Michael Crichton, Stephen King), and the usual group of literary best-sellers such as Barbara Kingsolver, Philippa Gregory, EL Doctorow and John Irving.

What’s really interesting about the list — as the LA Times pointed out — is that this is the last year it won’t include ebooks, which raises the possibility that next year a classic like Alice in Wonderland could make an appearance.

Which sort of leads to the purpose of this blog’s new direction — to look at the business and culture of print from the “death” of newspapers to the future of books. It will mix news of how and what we read with occasional reviews and stories about interesting new projects and people moving in new directions.

There’s been a lot of talk about how ebooks will change the way we read and write and while things like the Kindle and IPad will make a difference — it remains to be seen how big and how soon.

It does seem, however, that while ebooks have actually been around for almost 40 years, that we are appoaching a tipping point of sorts.

The Guardian pointed out that last year was the first time that Amazon sold more ebooks than printed books.

What changes are coming up? How will we be reading? Who will be writing? Stay tuned.

Bank Robberies Still Big Business

In Crime on March 22, 2010 at 1:05 pm
Mug shot of John Dillinger

Image via Wikipedia

Last year’s release of Public Enemies, which told the story of John Dillinger, showed that the people still have a thing for bank robbers.

Early Monday, the FBI released further evidence of that.

While their annual report on bank crime showed that bank thefts were down about ten percent from 2008 to 009, it also shows that there were 6,065 bank violations (robberies, burglaries, larcenies, etc) in which $45.9 million was stolen.

Of that, less than $8 million was recovered.

The report says most incidents occurred on Friday, followed by Monday, Tyesday, Wednesday and then Friday. I guess people were usually looking for some extra cash for the weekend.

Most of the incidents occurred between 9AM and 11AM, followed very closely by 11AM and 1PM and 3 PM to 6PM.

Violence rarely occurred during incidents (only 4 percent of the time) though there were 21 deaths during incidents — each victim being a perpetrator. Most of the time, the robber made an oral demand for money (3,368 times) and roughly the same amount of times (3,269 times) a note was passed.

A firearm was used 1,619 times though about half as many times (2,553 times) use of a weapon was threatened.

More bank robberies occurred in Texas — 484 — than in all of the New England states (309) combined.

Most perpetrators were black males (3,147) followed by white males (2,796); Only 44 were female hispanics.