NXTBook vs. repurposing content

In a post yesterday, I implied that I liked they way NXTBook makes offline content available in an online format. A reader of this blog wrote to ask why I, of all people, would say anything positive about such a system, given that I have previously spoken about the need to repurpose content for the Web, and that I have bad-mouthed other pdf-like attempts to put paper products on the Web.
Point taken.
As a general rule, I don't like the glorified versions of pdf files that publishers place on line. In particular, I've voiced disappointment at the efforts of my alma mater to create an electronic newspaper.
So let me clarify.
Creating content for an electronic medium provides innumerable opportunities to do things that simply cannot be done in a print product. And any industrious and talented journalist should take advantage of that. For a recent example of how to tell a story on the Web, check out this post by journalism teacher and fellow blogger Doug Fisher. For a look at how to write for the Web, read this piece by Jonathan Dube.
As for NXTBook, the simple truth is that I find the product kind of cool. It is not a substitute for multimedia content. But it is fun to play with.

Peeking at ABM, NXTBook and Primedia

Now this is kind of fun. American Business Media is posting a link to the tradeshow daily that Folio magazine produced at the ABM Spring Meeting. The daily is rendered Web-friendly via NXTBook, a system I like more and more each time I use it.
Take a look at what Folio has done. And explore the functionality of NXTBook.
And don't forget to read the article on the pending sale of Primedia Business. Folio is reporting that Primedia wants 13x earnings for the properties, a whopping half-billion dollars. Sources tell Folio that 10x earnings is probably the maximum that buyers would pay.

Bad credit where bad credit is due

Now here's the sort of distinction that no company wants. Buried in this piece from the Kansas City Star is the following piece of troubling news: Only "two U.S. companies are rated 'CCC' or lower on CreditWatch with negative implications: Penton Media Inc. and Booth Creek Ski Holdings Inc."
Imagine that! Of the thousands and thousands of companies in this country, only two are viewed with such disdain by Standard & Poor's. To understand what that means, consider this: only one nation on earth has a rating of 'CCC' or lower -- violence-ridden Belize.
Now Penton management has recently expressed some optimism, as reported here by my fellow B2B blogger David Shaw.
But I simply don't share that confidence. No company can grow their way out of the debt-driven disaster that is Penton's balance sheet. Penton, publisher of such titles as "Air Transport World" and "Baking Management," will have to divest properties (the company has already sold off its European holdings.) There are probably some bargains to be had by any acquisition-minded publishers.

New sites for marketers

The woman I love works in the marketing business. And I'm amazed by the amount of B2B material that is aimed at her and her peers. It seems to me that no one receives more attention from B2B publishers than the people who try to get the goods on the shelf.
And now there are two new information sources for marketing executives.
Chief Marketer, a Primedia property, has redesigned its site and added two email newsletters. I'll admit to some disappointment with Chief Marketer. As of today, the site doesn't work properly in the Firefox browser. (Not optimizing for Firefox is a bad idea, as reported here in yet-another site for the marketing business.) Here's how the lead story looks to me in Firefox: "If you�re trying to buy television airtime in the �upfront� sales market this month, you could be in luck. Media buyers at a New York conference predicted that a weak �scatter� market combined with the uncertain economy and mounting pressure among marketers to move ad dollars online"
Also debuting today is VNU's new site about the marketing craze of product placement and other forms of branded entertainment. I'm trilled to note that insidebrandedentertainment.com has a section dedicated to external links. And I'm pleased that it works in both my browsers.

B2B publishers start to catch on

I've done what I could here to try and convince B2B journalists and publishers to pay attention to the citizen journalism movement. I've shared my opinion that bloggers are not the enemy; they are our audience....and they want to talk. I've also shared my prediction that the ease of Internet publishing does pose a competitive threat by enabling almost anyone to enter this industry -- and that the threat is most likely to come from existing staff and sources.
I've often been discouraged. Most of the folks I've talked to in the B2B press in recent months have seemed reflexively angry about, or shockingly unaware of, the changes in our industry.
But today comes two pieces of news that I find encouraging.
First, American Business Media, the trade association for B2B publishers, is launching an RSS feed. Second, ABM has formed a committee on blogging, and put Rex of Rexblog in charge.
I'm just thrilled.
If ABM has recognized that change is here, and decided to embrace the new media and share what it learns, then I expect that heads across the B2B world will soon be pulled from the sand.

The boss doesn't like you, but loves the ad guy

I just read a story in Folio based on a survey of the chief executives of B2B media companies. I found the article sort of disconcerting, although I think it's meant to be optimistic.
The problem...I think...is that I'm just not on the same page as the people surveyed. I find this to be an incredibly exciting time in journalism, particularly in B2B journalism. But the article doesn't mention a single one of the remarkable things that are happening in this game. There's no mention of blogs, no discussion of podcasting, no indications of changes in ad-tracking technology, no arguments about post-objectivity, no conversation about the risks to print products in a multimedia era, etc.
The CEOs do predict a rise in advertising revenue. And certainly that is good news. But the predictions are perhaps too optimistic -- 42% of those surveyed say they expect double-digit revenue growth! And these feel-good forecasts seem to be based on nothing more than feel-good hopefulness. "Asked to identify their sources of new revenue for 2005, 75 percent of respondents said revenue would come from new print advertisers, while 60 percent cited existing print advertisers," according to Folio.
Now as any talented B2B journalist would recognize, that sentence requires a few follow-up questions. If your existing customers are willing to pay more for your products, why haven't you increased your rates already? If there are new, untapped customers available, why have you failed to do business with them to this point?
And therein lies the problem, for the survey also indicates that the CEOs don't much care about talented B2B journalists. "The only priorities that significantly declined from 2004 to 2005 were editorial integrity and staff stability," according to Folio.