mediabistro.com' Daily News Feed editor David Hirshmaninterviewed former San Francisco Chronicle editor, cable exec, Silicon Valley entrepreneur, media consultant, and "Reflections of a Newsosaur" blogger Alan Mutter for our "So What Do You Do?" series.
An excerpt:
If you were in charge of The New York Times and were faced with that paper's problems today, what would you do to insure it's still around in five years or 10 years?
I would be developing a number of niche, premium products that you could charge money for, because I believe the high-quality and specialized content is very valuable, and a place like The New York Times can get paid for doing its job by selling that information. The other thing, which I've discussed at some length, is to move into more intelligent advertising systems.
I think that we've come to a point now, in terms of the arc of the printed product, that where the customer is and where the economy is are the two factors at hand. If the economy were healthier, there would probably be more money to support the production of the physical product. We are in a definite long-term economic drop that works against the print product. At the same time, we're also in a clear demographic shift, where younger people don't prize the print product as much as older people embrace it. So I think you have to plan for having ever less reliance on the printed product. I would be thinking about building out channels of information and building community around those channels. If you want to play in the new media world, you have to act like a new media company. Yelp is, Twitter isand newspapers aren't right now.
As part of its "So What Do You Do . . ." series, BayNewser's parent company, mediabistro.com, recently saw fit to interview local social gaming guru Mark Pincus, CEO of San Francisco-based Zynga, the Web's largest social gaming company. With close to $100 million in annual revenue and 30 million daily active users, Zynga's path has been anything but ordinary.
"Obviously, before (Facebook opened its API), nobody really even knew what a powerful thing a Facebook app could be. How did you see the opportunity for this at the time? . . . I've always said that social networks are like a great cocktail party: You're happy at first to see your good friends, but the value of the cocktail party is in the weak ties. It's the people you wouldn't have thought of meeting; it's the friends-of-friends."
"It was really f*cking hard to do games. They're not viral by their nature. When you think about going to a poker table, you don't naturally think, 'Oh, it would be so much fun if I just got all my friends to the table, too.' The reason I stuck with it is that I was really interested in the potential for social games, and I thought that if I could get over the virality hump, they would have far more engagement."
"Up until 2007, engagement was a bad thing on the Internet. Before then, the sites with the least engagement made the most money and the sites with the most engagement made the least money. (Former startup) Tribe had crazy engagement -- people spent all day on it -- but we couldn't make any money off of them because Internet ads are paid when you leave a site, and so the more time you spend on my site, the more money you lose. When you think about being in the game business, where you're providing someone a really engaged experience, they don't want to leave. You don't want to leave in the middle of a poker hand to click on a Caribbean cruise ad, even if you want to go on a Caribbean cruise. So there's this inherent inverse relationship."
"The bulk of our revenues come from users paying for items in the games. Either currencies or IMs or other things they want. So our revenues come from people who are the most passionate about our games. They're so into our poker game that they will buy more chips so that they can play at a high roller table. In an ad model, those are the people I would never make any money off of."
"I do think that what's going on with Zynga is representative of bigger, macro changes and opportunities. The idea of consumer services that are distributed as an app and paid for through users paying the 'freemium' or whatever model -- that is an important and awesome change in the Internet business model that I think is going to be expanded and fleshed out over the next five or 10 years."
#8- Carol Bartz, CEO, Yahoo. Says Bartz in the magazine's accompanying "Powerful Women: How they do it all" feature: "I love to work. I love to run companies. I love to help people I work with. And I don't let anything get in the way of doing what I love"
#11 - Ginni Rometty, SVP, Global Sales and Distribution, IBM
2008 Rank: 14
Leave it to a San Franciscan to buck the trend of immediate media by writing a story that takes a thousand years to read. Or so Jonathon Keats will have you believe.
Keats, a journalist and conceptual artist, has his story on the cover of the current Opium Magazine. Not inside the magazine and teased on the cover, but on the cover itself.
The story is only nine words long.
The cover is printed in a double layer of black ink, with descending levels of ink used for each word. This means that when the cover is exposed to sunlight, the ink will fade, one word at a time, over the course of a millennium. That's the theory, anyway.
"I'm interested in exploring deep time," Keats said in an e-mail to Wired.com, for which he writes the Jargon Watch column, among other things. "Like most people, I live my life in a rush, consuming media on the run. That may be fine for reading the average blog, but something essential is lost when ingesting words is all about speed. My thousand-year story is an antidote. Given the printing process I've used, you can't take in more than one word per century. That's even slower than reading Proust."
According to Wikipedia, Keats has previously sold his thoughts as an art exhibition, copyrighted his mind and attempted to genetically engineer God.
Our sister blog FishbowlNY did some sleuthing and got the scoop on how Virginia Quarterly Review blogger Waldo Jaquith discovered that portions of Wired editor Chris Anderson's new book Free were cribbed from Wikipedia.
It all started with a good-old-fashioned reporter's desire to be on top of things:
During the passage from Free in which Anderson describes the saying "There's no such thing as a free lunch," Jaquith noticed that something was amiss. "It mentioned Crescent City and then, parenthetically, said New Orleans," he said. "At first, I was thrown off. I thought that maybe that before it was called New Orleans it was called Crescent City and I was mad at myself for not knowing that."
San Francisco's The Rumpus, a literary website edited by local author Stephen Elliot, posted an extensive interview with Dave Eggers yesterday. The author of "A Heartbreaking Work of Staggering Genius" and founder of 826 Valencia has a new nonfiction book, "Zeitoun," set in New Orleans during Hurricane Katrina, as seen through the eyes of a Muslim-American family. It's coming out in a few weeks, shortly after "Away We Go," a movie Eggers co-wrote with his wife, Vendela Vida, directed by Sam Mendes.
The talk touches on Eggers' new book; his previous effort, What is the What, an account of a Sudanese refugee; the foundations funded by his literary efforts; the state of newspapers in general; and the attitudes of youth toward newspapers and reading.
Some highlights:
"I was working on Zeitoun back in 2006. That book was pretty slow-going. It took an incredible amount of research. And the first draft of "Away We Go" was written in 2005. So both have been sort of slow processes. It's odd that they both landed this summer, but it didn't seem right to push Zeitoun back to 2010 just because the movie was scheduled this summer."
"Sometimes we [at McSweeney's] don't do galleys for my own books. I always blow the deadline to get galleys done. Usually there's only a month or so between when the book's done and when the hardcovers come back from the printer, so we sometimes skip the galley step. Galleys cost a lot of money, and we don't have that kind of budget. So we print a few, and they're about $20 each to print at Kinko's or wherever, so it's hard to justify all that expense when the actual hardcovers are coming back from the printer in a few weeks."
A little while back,we told you about how 826 impressario Dave Eggers told the Authors Guild at their annual dinner that print is not dying.
At that dinner, Eggers also announced that, if anyone was despairing of the future, all they had to do was to email him.
Apparently a bunch of people took him up on the offer (much to his surprise: "I didn't foresee it getting out there on the web. (Shows how much I know.)"), so he's now drafted a mass email to explain his thoughts. Some choice observations:
"[B]ecause I work with kids in San Francisco, I see every day that their enthusiasm for the printed word is no different from that of kids from any other era."
"Reports that no one reads anymore, especially young people, are greatly overstated and almost always factually lacking.... sales of young adult books are actually up.
"We have work to do with keeping high schoolers reading, but then again, I meet every week with 15 high schoolers in San Francisco, and all we do is read.... [T]hese students, 14 to 18 years old, are far better read and more astute than I was at their age, and there are a million other kids around the country just like them."
"[T]hings at our small publishing company [McSweeney's] are stable.... we haven't had to lay anyone off.... that's because we're small and independent.... the world will support many more publishers of our size and focus. If you can stay small, stay independent, readers will be loyal, and you’ll be able to get by publishing work of merit."
"[I]f you rework the newspaper model a bit, it can not only survive, but actually thrive.... that starts with paying for the physical paper. And paying for the physical paper begins with creating a physical object that doesn't retreat, but instead luxuriates in the beauties of print."
"As long as newspapers offer less each dayless news, less great writing, less graphic innovation, fewer photosthen they're giving readers few reasons to pay for the paper itself."
Though Memorial Day honors the fallen, today is probably still a fitting day to note that Craigslist founder Craig Newmark is a big proponent of supporting present day veterans.
"I figure that anyone serving in the armed forces has committed themselves fully to serving the country. I take that personally, so I'm trying to help out, particularly trying to help veterans of the Iraq and Afghanistan wars," he wrote on his blog March 31.
Newmark has joined the board of Iraq and Afghanistan Veterans of America, a non-profit focusing on helping returning veterans and their familes. His focus is on helping them with social media and getting the word out.
Newmark recently called attention on his blog to the group's new campaign, supportyourvet.org.