John Maeda, a professor at MIT's Media Lab, has a new column at Businessweek about design. In today's column, Maeda wrote about a type of trail marker he came across while hiking. I was struck by this line: "The key is to provide the hiker, the user, or the viewer with enough -- but not too much -- information."
I wish that everyone with responsibility for a B2B journalism Web site would spend some time on that same trail, and digest that same lesson about simple design. Because perhaps the most consistently embarrassing thing about our industry is the preponderance of truly garish Web sites.
Take a look, for example, at Cleaning and Maintenance Distribution. The site is an exercise in visual overkill -- blinking ads, poor color choices and non-intuitive navigation. Putting aside the editorial issues -- advertorial copy in the news hole, lack of a feedback function -- and there's only one thing you can say about this site.
It's ugly.
And it's not alone.
I've written about sites that are just ugly, and I've written about sites that seem to not have a clue. And I remain perplexed as to why so much of what B2B publishers do on the Web is so amateurish.
If you're interested in what does and doesn't work in Web design, take a look at the work of Jakob Nielsen and read the Eyetrack study.
If you'd like to see an example of good design from a trade publisher, check out CMO Magazine.
And please take a look at brandchannel -- perhaps the loveliest B2B site on the Web.
tags: journalism, b2b, media, trade press, magazines
Wednesday, September 07, 2005
Tuesday, September 06, 2005
Your readers are remixing your Web site
Unless you are younger or hipper than the average guy working at a trade magazine, you probably haven't paid much attention to remix artists. But now you have to.
Remix artists take existing work and redo it in a fashion more to their liking. The most well-known example is the "The Phantom Edit," in which a remix artist re-edited the Star Wars film "Phantom Menace" to remove the annoying character Jar-Jar Blinks. Perhaps more interesting is DJ Dangermouse's "The Gray Album," which combines the Beatles "White Album" with Jay Z's "The Black Album."
Remixing has also captured the attention of Web programmers. And there are now plug-in applications available for the Firefox browser that allow readers to see your site the way they want to see it, not the way you want them to see it.
Wired has an interesting article on the enabling technology, known as Greasemonkey, and some of the applications. B2B publishers should take a look. Greasemonkey lets users circumvent two of the major revenue sources of online publishing. First, by downloading a Greasemonkey script I can avoid seeing the ads on your page. Second, I can download scripts that offer up alternatives to any e-commerce applications on your site.
This is powerful, compelling stuff. And publishers ignore it at their peril.
Content is separating from its containers.
Remix artists take existing work and redo it in a fashion more to their liking. The most well-known example is the "The Phantom Edit," in which a remix artist re-edited the Star Wars film "Phantom Menace" to remove the annoying character Jar-Jar Blinks. Perhaps more interesting is DJ Dangermouse's "The Gray Album," which combines the Beatles "White Album" with Jay Z's "The Black Album."
Remixing has also captured the attention of Web programmers. And there are now plug-in applications available for the Firefox browser that allow readers to see your site the way they want to see it, not the way you want them to see it.
Wired has an interesting article on the enabling technology, known as Greasemonkey, and some of the applications. B2B publishers should take a look. Greasemonkey lets users circumvent two of the major revenue sources of online publishing. First, by downloading a Greasemonkey script I can avoid seeing the ads on your page. Second, I can download scripts that offer up alternatives to any e-commerce applications on your site.
This is powerful, compelling stuff. And publishers ignore it at their peril.
Content is separating from its containers.
tags: journalism, b2b, media, trade press, magazines, advertising
Friday, September 02, 2005
When advertising lays an egg
When advertising is poorly done, it's bad news for the editorial department.
Cheap, stupid ads don't serve the advertisers' needs. And that can lead advertisers, publishers and salesmen to put pressure on editors to do something inappropriate to help. I've been watching this scenario play out for decades now. When an editor tells me that he's being pushed to help an advertiser by writing a puff piece, etc., I ask to see the ads that the company runs. Inevitably, I find that the company is using the dumbest, lamest, most amateurish ads you can imagine. Sometimes the ads are done in-house by the advertiser; sometimes they are done in-house by the publisher. But whatever the source, the problem is the same -- the ads suck.
That's why I believe that big companies with skilled marketing departments and creative ads aren't what threaten editorial ethics. It's always the little guy -- the little, dumb guy -- who makes outrageous and unethical demands.
I've argued that the best defense against such things is the use of compelling advertising. And perhaps B2B publishers need to invest in hiring more talented people to create ads for their customers.
Or, perhaps B2B publishers should hire less talented and creative people to create ads. Maybe the problem is too many people trying too hard to create serious ads. Take a look at this remarkable commercial. (Thanks to Adrian Holovaty for finding this thing in digital form.) Then ask yourself the following vital questions:
1) Does content have to be professional and well-done in order to be compelling and effective?
2) Is someone at my publication -- whether it be a salesman, support staff or the publisher -- helping advertisers to produce work that works?
3) If that thing is Eagle Man, why is it laying an egg?
Cheap, stupid ads don't serve the advertisers' needs. And that can lead advertisers, publishers and salesmen to put pressure on editors to do something inappropriate to help. I've been watching this scenario play out for decades now. When an editor tells me that he's being pushed to help an advertiser by writing a puff piece, etc., I ask to see the ads that the company runs. Inevitably, I find that the company is using the dumbest, lamest, most amateurish ads you can imagine. Sometimes the ads are done in-house by the advertiser; sometimes they are done in-house by the publisher. But whatever the source, the problem is the same -- the ads suck.
That's why I believe that big companies with skilled marketing departments and creative ads aren't what threaten editorial ethics. It's always the little guy -- the little, dumb guy -- who makes outrageous and unethical demands.
I've argued that the best defense against such things is the use of compelling advertising. And perhaps B2B publishers need to invest in hiring more talented people to create ads for their customers.
Or, perhaps B2B publishers should hire less talented and creative people to create ads. Maybe the problem is too many people trying too hard to create serious ads. Take a look at this remarkable commercial. (Thanks to Adrian Holovaty for finding this thing in digital form.) Then ask yourself the following vital questions:
1) Does content have to be professional and well-done in order to be compelling and effective?
2) Is someone at my publication -- whether it be a salesman, support staff or the publisher -- helping advertisers to produce work that works?
3) If that thing is Eagle Man, why is it laying an egg?
tags: journalism, b2b, media, trade press, magazines, advertising
Wednesday, August 31, 2005
Good association, bad association
Given the recent debate on this blog and elsewhere about ethics policies and B2B journalism, I asked Paul Heney, president of Trade, Association and Business Publications International, if we could expect an ethics guideline from TABPI. Paul's response gladdened my heart.
"TABPI does not have an ethics policy of its own, but that is one project slated for the summer/fall time period ... I plan on working with some of our overseas partners to see what the range of ethics policies are in the U.K., Australia, South Africa, etc. ," Paul wrote in an email. "I would imagine that TABPI will play more of a role of endorsing one or more ethics policies (not just in the U.S., of course) and providing some links to different samples from various countries."
Furthermore, Paul said he had "agreed to be sort of a silent partner" and work with ASBPE as it rewrites its ethics policy.
Longtime readers of this blog know that I have a soft spot for TABPI because the group calls me a "b2b champion, full of interesting information. Not afraid to tell it like it is." And I'm so tickled by that description I'd put it on my business cards if I wasn't afraid it would make me blush.
And although I shouldn't have to say this, I will -- I didn't pay for that mention and link on the TABPI site.
I mention that because of the actions of another trade association that claims to represent journalists.
I received an email yesterday from Patti Wysocki at the Newsletter & Electronic Publishers Association. I'd asked NEPA if that group had any plans for an ethics guideline. I found Patti's response less than encouraging.
"Our board of directors has voted not to have a code of ethics at this time. It has been considered several times during my 20+ year tenure here and every time we have concluded that we don't want to enforce a code of ethics and remove members who don't follow the code," she wrote.
Now I'd argue that enforcement is a separate issue. Ethics guidelines are guidelines, not laws. And not having an enforcement policy is not an excuse for not having an ethics policy.
I hope that NEPA will reconsider its decision. And it appears that is possible. "I would not rule it out for future discussion," Patti wrote.
But let me be frank. I don't anticipate that NEPA will do the right thing. Here's why:
Perhaps the most common ethical lapse in B2B journalism is disguising advertising content as editorial content. And not only does NEPA not tell its members not to do such things; NEPA does it itself.
Look at NEPA's homepage. On the left hand side you'll see a link for recommended suppliers. Click through, and you'll arrive at this list.
I have no doubt that many of the companies on that list are wonderful outfits worthy of recommendation. But that's not how they got on the list. NEPA doesn't review the suppliers. NEPA doesn't choose one competitor over another. Companies get on the list by paying to be on the list. If you pay a membership fee, you're placed on the recommended list.
I asked Patti about this, and suggested that NEPA was blurring the lines.
She disagreed.
"We are a membership organization. Those suppliers listed on our Website are members. They don't pay specifically to be listed on the site," she said.
Now perhaps I'm too rigid. Perhaps I'm naïve. But I find that reasoning grotesque.
It doesn't matter what NEPA chooses to call it -- a membership fee, a promotional fee or an advertising fee. It's all the same. The list is clearly a collection of paid links. And paid links must be marked as such.
Here's what ABM's guidelines say about such things: "Hypertext links that appear within the editorial content of a site, including those within graphics, must be solely at the discretion of the editors. Links within editorial should never be paid for by advertisers."
Over on the left-hand side of my blog, you'll see some links marked Trade Press Resources. I've had a link there for NEPA since the day I launched this site. But by the time you read this post, that will be gone.
That may not be much of a gesture. But it's the least I can do. I can't possibly recommend that any journalist use NEPA as a resource for anything.
On the other hand, if NEPA would like to see the link returned, the group can send me a check. Don't think of it as an advertising fee. Let's call it membership dues.
For more on ethics, look at this earlier post and the comments section.
For Folio magazine's look at ASBPE's decision to revamp its guidelines, click here.
"TABPI does not have an ethics policy of its own, but that is one project slated for the summer/fall time period ... I plan on working with some of our overseas partners to see what the range of ethics policies are in the U.K., Australia, South Africa, etc. ," Paul wrote in an email. "I would imagine that TABPI will play more of a role of endorsing one or more ethics policies (not just in the U.S., of course) and providing some links to different samples from various countries."
Furthermore, Paul said he had "agreed to be sort of a silent partner" and work with ASBPE as it rewrites its ethics policy.
Longtime readers of this blog know that I have a soft spot for TABPI because the group calls me a "b2b champion, full of interesting information. Not afraid to tell it like it is." And I'm so tickled by that description I'd put it on my business cards if I wasn't afraid it would make me blush.
And although I shouldn't have to say this, I will -- I didn't pay for that mention and link on the TABPI site.
I mention that because of the actions of another trade association that claims to represent journalists.
I received an email yesterday from Patti Wysocki at the Newsletter & Electronic Publishers Association. I'd asked NEPA if that group had any plans for an ethics guideline. I found Patti's response less than encouraging.
"Our board of directors has voted not to have a code of ethics at this time. It has been considered several times during my 20+ year tenure here and every time we have concluded that we don't want to enforce a code of ethics and remove members who don't follow the code," she wrote.
Now I'd argue that enforcement is a separate issue. Ethics guidelines are guidelines, not laws. And not having an enforcement policy is not an excuse for not having an ethics policy.
I hope that NEPA will reconsider its decision. And it appears that is possible. "I would not rule it out for future discussion," Patti wrote.
But let me be frank. I don't anticipate that NEPA will do the right thing. Here's why:
Perhaps the most common ethical lapse in B2B journalism is disguising advertising content as editorial content. And not only does NEPA not tell its members not to do such things; NEPA does it itself.
Look at NEPA's homepage. On the left hand side you'll see a link for recommended suppliers. Click through, and you'll arrive at this list.
I have no doubt that many of the companies on that list are wonderful outfits worthy of recommendation. But that's not how they got on the list. NEPA doesn't review the suppliers. NEPA doesn't choose one competitor over another. Companies get on the list by paying to be on the list. If you pay a membership fee, you're placed on the recommended list.
I asked Patti about this, and suggested that NEPA was blurring the lines.
She disagreed.
"We are a membership organization. Those suppliers listed on our Website are members. They don't pay specifically to be listed on the site," she said.
Now perhaps I'm too rigid. Perhaps I'm naïve. But I find that reasoning grotesque.
It doesn't matter what NEPA chooses to call it -- a membership fee, a promotional fee or an advertising fee. It's all the same. The list is clearly a collection of paid links. And paid links must be marked as such.
Here's what ABM's guidelines say about such things: "Hypertext links that appear within the editorial content of a site, including those within graphics, must be solely at the discretion of the editors. Links within editorial should never be paid for by advertisers."
Over on the left-hand side of my blog, you'll see some links marked Trade Press Resources. I've had a link there for NEPA since the day I launched this site. But by the time you read this post, that will be gone.
That may not be much of a gesture. But it's the least I can do. I can't possibly recommend that any journalist use NEPA as a resource for anything.
On the other hand, if NEPA would like to see the link returned, the group can send me a check. Don't think of it as an advertising fee. Let's call it membership dues.
For more on ethics, look at this earlier post and the comments section.
For Folio magazine's look at ASBPE's decision to revamp its guidelines, click here.
tags: journalism, b2b, media, trade press, magazines, advertising, newsletters
Monday, August 29, 2005
More on sources interviewing us
Last week I wrote about how citizen journalism has given new powers to reporters' sources -- allowing them to go public with their complaints about a story. The old saying about not picking a fight with anyone who buys ink by the barrel is no longer valid in a world where everyone buys by the barrel.
Today Steve Outing at Poynter points to another example of a source striking back at what he deemed unfair treatment in the media.
I agree with Steve -- this is a welcome development. By being more accountable to our sources, we become more accountable to our audience. In a post-objective world, transparency is the key to credibility.
tags: journalism, b2b, media, trade press, magazines
Today Steve Outing at Poynter points to another example of a source striking back at what he deemed unfair treatment in the media.
I agree with Steve -- this is a welcome development. By being more accountable to our sources, we become more accountable to our audience. In a post-objective world, transparency is the key to credibility.
tags: journalism, b2b, media, trade press, magazines
Friday, August 26, 2005
Standalone journalism and the small niche
Now here's something interesting -- a blog dedicated to covering a single company. (Thanks to Steve Rubel for pointing it out.)
I've been warning B2B publishers for awhile that their biggest competitive threat comes from their own staff and sources. The tools of citizen journalism allow anyone to be a publisher at next-to-no cost. And it's inevitable that talented people will emerge with compelling products to steal readers and advertisers from traditional B2B offerings.
I'll even go so far as to make this prediction -- we will soon see a slew of standalone, online, B2B publications being run by recently retired journalists. Those folks who have been working in your newsroom for 10, 20 or 30 years will no longer have to surrender a lifetime of industry knowledge when they walk out your door. Veteran reporters have always had value; now they can monetize that value themselves.
If you're a publisher, ask yourself honestly, what's to stop someone from your editorial staff from starting a product like the one above? Or one like this?
tags: journalism, b2b, media, trade press, magazines, entrepreneurial journalism, standalone journalism
I've been warning B2B publishers for awhile that their biggest competitive threat comes from their own staff and sources. The tools of citizen journalism allow anyone to be a publisher at next-to-no cost. And it's inevitable that talented people will emerge with compelling products to steal readers and advertisers from traditional B2B offerings.
I'll even go so far as to make this prediction -- we will soon see a slew of standalone, online, B2B publications being run by recently retired journalists. Those folks who have been working in your newsroom for 10, 20 or 30 years will no longer have to surrender a lifetime of industry knowledge when they walk out your door. Veteran reporters have always had value; now they can monetize that value themselves.
If you're a publisher, ask yourself honestly, what's to stop someone from your editorial staff from starting a product like the one above? Or one like this?
tags: journalism, b2b, media, trade press, magazines, entrepreneurial journalism, standalone journalism
Thursday, August 25, 2005
Edweek revamps Web site, will limit access
Edweek.org, the Web site for Education Week and Teacher Magazine, is moving to a paid-subscription model. For details, and an explanation of the reasoning behind the move, check out this post at the American Press Institute's Media Center blog.
Among the more interesting items is that Edweek expects the change to lead to a drop in readers, and thus to a decline in advertising revenue. To compensate, the company says it plans "to increase the number of advertisements on most of our pages." If you have a hard time following the logic of that, you're not alone. One person posted a comment suggesting that "it's not so easy to increase ad dollars."
More interesting, at least to me, is that the publisher plans to add blogs and RSS feeds to the site.
tags: journalism, b2b, media, trade press, magazines, advertising
Among the more interesting items is that Edweek expects the change to lead to a drop in readers, and thus to a decline in advertising revenue. To compensate, the company says it plans "to increase the number of advertisements on most of our pages." If you have a hard time following the logic of that, you're not alone. One person posted a comment suggesting that "it's not so easy to increase ad dollars."
More interesting, at least to me, is that the publisher plans to add blogs and RSS feeds to the site.
tags: journalism, b2b, media, trade press, magazines, advertising
The changing roles of journalists
My fellow B2B media blogger David Shaw came across an interesting piece about the role of journalism in the enthusiast press.
In brief, the reporters at a gaming magazine read Jay Rosen's provocative essay about journalism education "Things I Used to Teach That I No Longer Believe," in which the New York University professor looked at how citizen journalism, technology and post-objectivity ethics were changing journalism.
The reporters at GameDailyBiz then asked themselves what those same changes meant for their niche in the media world.
Take a look at their conclusions. And ask yourself those same questions about B2B media.
tags: journalism, b2b, media, trade press, magazines
In brief, the reporters at a gaming magazine read Jay Rosen's provocative essay about journalism education "Things I Used to Teach That I No Longer Believe," in which the New York University professor looked at how citizen journalism, technology and post-objectivity ethics were changing journalism.
The reporters at GameDailyBiz then asked themselves what those same changes meant for their niche in the media world.
Take a look at their conclusions. And ask yourself those same questions about B2B media.
tags: journalism, b2b, media, trade press, magazines
Wednesday, August 24, 2005
Look! It's a Web site!
I've been so disappointed so many times of late when I see a press release that a B2B publication has redesigned its Web site. More often than not, the new site is sheer idiocy. There are no links, no graphics, no feedback function and no multimedia capability. It's just black words on white space. In other words, there's nothing about the product that indicates that anyone who worked on it has a clue about how the Web works. There are no break-out boxes, word chunking or subheads to indicate that anyone who worked on it has any idea of how people read on the Web.
Then I heard that CMP had redesigned some sites.
I took a look. And my heart soared.
Now don't get me wrong. These sites aren't perfect. But at least they speak the language of the Web.
For example, take a look at CRN's new site. Click on one of the main stories, and you'll see that there's a feedback function at the bottom that allows readers to post comments. There's some video content on the home page, and there are links to five in-house blogs. Take a look at one of those and you'll see external links (I'd like to see external links in the news copy too, but I'll take what I can get.)
Check out sister sites Channelweb and VARbusiness and you'll see similar functions (and a cleaner design.)
None of the things CMP has done are revolutionary. Yet combined they make for a compelling online product.
tags: journalism, b2b, media, trade press, magazines
Then I heard that CMP had redesigned some sites.
I took a look. And my heart soared.
Now don't get me wrong. These sites aren't perfect. But at least they speak the language of the Web.
For example, take a look at CRN's new site. Click on one of the main stories, and you'll see that there's a feedback function at the bottom that allows readers to post comments. There's some video content on the home page, and there are links to five in-house blogs. Take a look at one of those and you'll see external links (I'd like to see external links in the news copy too, but I'll take what I can get.)
Check out sister sites Channelweb and VARbusiness and you'll see similar functions (and a cleaner design.)
None of the things CMP has done are revolutionary. Yet combined they make for a compelling online product.
tags: journalism, b2b, media, trade press, magazines
Measuring and using RSS feeds
By now, regular readers of this blog know that I really like CMO magazine. And frequent readers know that I urge publishers to consider the possibility that RSS feeds are the first step toward a new world where content is separate from its container.
So now that CMO has published an explainer on RSS, I have to point to it.
Much of the article is about using RSS as a way to deliver advertising. I'm not convinced this will work. Nor is CMO, which notes that "RSS lacks standard performance metrics." But I have no objection to trying it, as long as publishers behave ethically.
But for consumer of news, RSS is "a no-risk proposition," according to CMO. If you aren't using RSS to organize your information sources, odds are you're not working as efficiently as you could.
So now that CMO has published an explainer on RSS, I have to point to it.
Much of the article is about using RSS as a way to deliver advertising. I'm not convinced this will work. Nor is CMO, which notes that "RSS lacks standard performance metrics." But I have no objection to trying it, as long as publishers behave ethically.
But for consumer of news, RSS is "a no-risk proposition," according to CMO. If you aren't using RSS to organize your information sources, odds are you're not working as efficiently as you could.
tags: journalism, b2b, media, trade press, magazines, advertising
Tuesday, August 23, 2005
When sources write about us
Blogging and the other forms of citizen journalism are about the audience communicating with the media. The one-way lecture style of old-school journalism is yielding to a new, two-way conversation. I applaud this development. I am thrilled by it.
But I also recognize that as the audience finds it voice, the audience will find it has little need for a middleman.
And in B2B media -- where the audience by definition has specialized expertise -- I expect this newly empowered audience to become media competitors.
Yesterday I pointed to just such a threat.
Now BusinessWeek points to a similar phenomenon -- a source, armed with a tool of citizen journalism (a blog) and the core ethical value of the blogosphere (transparency), bypassing the journalist.
I applaud this development as well. Because I believe it will help force journalists to be more fair, more transparent and more professional.
For awhile now I've been suggesting that journalists consider posting their unedited notes, interview transcripts, etc. on the Web. I think that makes for a more complete, and thus more ethical, story.
Besides, as BusinessWeek points out, if you don't, someone else will.
tags: journalism, b2b, media, trade press, magazines, newsletters, conversational media
Monday, August 22, 2005
Blogging tradeshows; competing with sources
Tradeshows -- self-contained, short-lived and full of sources, products and events -- are the ideal places for B2B publishers to try blogging. Shows only run for a few days, and the culture of a tradeshow is all about new products. So why not experiment?
The people-filled floor of the tradeshow is an endless supply of material for interviews, videos, audio, etc. And the real-time style of the blogosphere is an obvious improvement upon the old tradeshow daily newspapers. Primedia Business has had some luck with this, as was noted by Folio magazine. And it seems that tradeshows have become the center of blogging world in B2B...perhaps because of the large numbers of people who blog about the tradeshow industry itself -- including TSMI, Expophile, Tradeshow Blues and MeetingsNet.
So a post on TSMI last week that sang the praises of a particular blog about a tradeshow caught my eye. Take a look, and take a look at the blog in question.
The blog isn't flawless (for example, I hate seeing the over-the-top marketing phrase "Xtreme" used to describe anything that does not involve the possible loss of life.). But it deserves credit for being experimental and creative. There are photos. There are audio files. There are comment sections. There are a few well-turned phrases in the copy.
But what should grab the attention of B2B journalists is that the blog was produced by volunteers at the tradeshow, not by journalists. In other words, it's one more example of the traditional sources of B2B media becoming producers of B2B media. I've been predicting a surge in such source-produced content. And the arrival of such new forms of competition from the people and companies we rely upon for information should worry us.
As an aside, I also think tradeshows are the ideal setting for experiments in what I call immersion journalism. But so far, no one has taken me up on that idea. On the other hand, marketers continue to develop similar applications to sell products.
tags: journalism, b2b, media, trade press, magazines, advertising
The people-filled floor of the tradeshow is an endless supply of material for interviews, videos, audio, etc. And the real-time style of the blogosphere is an obvious improvement upon the old tradeshow daily newspapers. Primedia Business has had some luck with this, as was noted by Folio magazine. And it seems that tradeshows have become the center of blogging world in B2B...perhaps because of the large numbers of people who blog about the tradeshow industry itself -- including TSMI, Expophile, Tradeshow Blues and MeetingsNet.
So a post on TSMI last week that sang the praises of a particular blog about a tradeshow caught my eye. Take a look, and take a look at the blog in question.
The blog isn't flawless (for example, I hate seeing the over-the-top marketing phrase "Xtreme" used to describe anything that does not involve the possible loss of life.). But it deserves credit for being experimental and creative. There are photos. There are audio files. There are comment sections. There are a few well-turned phrases in the copy.
But what should grab the attention of B2B journalists is that the blog was produced by volunteers at the tradeshow, not by journalists. In other words, it's one more example of the traditional sources of B2B media becoming producers of B2B media. I've been predicting a surge in such source-produced content. And the arrival of such new forms of competition from the people and companies we rely upon for information should worry us.
As an aside, I also think tradeshows are the ideal setting for experiments in what I call immersion journalism. But so far, no one has taken me up on that idea. On the other hand, marketers continue to develop similar applications to sell products.
tags: journalism, b2b, media, trade press, magazines, advertising
More on the direction of directories
Another publisher seems to agree that directories -- those revenue-rich, phonebook-sized B2B guides -- have a future in print.
Lebhar Friedman, owner of Chain Store Age, is publishing two new directories for retailer buyers. "2006 Buyers of Women's and Children's Apparel" and "2006 Buyers of Men's and Boy's Apparel" are available online, on CD-ROM and in the old-fashioned, paperweight versions that I love.
I've said before that I'm more confident about the future of print directories than I am about the future of many other print products.
But there's only one way to know if I'm right. Here's hoping that Lebhar Friedman or some other B2B publisher will share the sales figures for the various versions of their directories.
tags: journalism, b2b, media, trade press, magazines
Lebhar Friedman, owner of Chain Store Age, is publishing two new directories for retailer buyers. "2006 Buyers of Women's and Children's Apparel" and "2006 Buyers of Men's and Boy's Apparel" are available online, on CD-ROM and in the old-fashioned, paperweight versions that I love.
I've said before that I'm more confident about the future of print directories than I am about the future of many other print products.
But there's only one way to know if I'm right. Here's hoping that Lebhar Friedman or some other B2B publisher will share the sales figures for the various versions of their directories.
tags: journalism, b2b, media, trade press, magazines
Friday, August 19, 2005
Unethical advertising, unprofessional behavior
I suppose things will get worse before they get better.
AdAge has an interesting piece on the growing push by marketers to blur the lines between editorial and advertising. And if we're to believe this article, then part of the move toward unethical behavior is driven not by advertisers, but by publishers.
Take a look at this disturbing section of the article: "Magazine publishers, intent on offering unique programs to attract advertisers, have begun presenting their share of ideas, said Julie Roehm, director of marketing communications for Dodge, Jeep and Chrysler. 'We’ve talked about it several times and had all the big publishers in,' she said."
Ad Age says that the push for product placement in editorial has become so pervasive that the American Society of Magazine Editors is "finding it necessary to confront the issue more fully with more clearly worded guidelines to spell out its position."
Bravo for ASME.
The American Society of Business Publication Editors is also planning to update its ethics guidelines, as discussed here.
ABM updated its code of ethics in March, and the new document is quite clear in its call to divide advertising from editorial.
However, while ABM's guidelines are clear and professional, this post on ABM's blog is something else entirely.
I'm not sure exactly what ABM's spokesman was trying to say. The writing is less than clear. But I think it's fair to read the post as an attack on ASBPE. That's unfortunate. And I was pleased to see that Ira Pilchen, ASBPE's treasurer, responded in a comment on the ABM site.
Look -- there are hundreds of journalists in B2B media who have fought for decades to be treated as professionals, to work with dignity and pride. Holding the line between ad and editorial has been a tough battle for trade journalists -- far more so than in the mainstream press. That battle is getting tougher.
We have never needed the support of our trade associations -- ABM, ASBPE and TABPI -- as much as we do now.
This is a time for the associations to stand together with each other and with us. This is a time for all of us to applaud each and every attempt by an association, a journalist, a publisher or a salesman to do the right thing.
AdAge has an interesting piece on the growing push by marketers to blur the lines between editorial and advertising. And if we're to believe this article, then part of the move toward unethical behavior is driven not by advertisers, but by publishers.
Take a look at this disturbing section of the article: "Magazine publishers, intent on offering unique programs to attract advertisers, have begun presenting their share of ideas, said Julie Roehm, director of marketing communications for Dodge, Jeep and Chrysler. 'We’ve talked about it several times and had all the big publishers in,' she said."
Ad Age says that the push for product placement in editorial has become so pervasive that the American Society of Magazine Editors is "finding it necessary to confront the issue more fully with more clearly worded guidelines to spell out its position."
Bravo for ASME.
The American Society of Business Publication Editors is also planning to update its ethics guidelines, as discussed here.
ABM updated its code of ethics in March, and the new document is quite clear in its call to divide advertising from editorial.
However, while ABM's guidelines are clear and professional, this post on ABM's blog is something else entirely.
I'm not sure exactly what ABM's spokesman was trying to say. The writing is less than clear. But I think it's fair to read the post as an attack on ASBPE. That's unfortunate. And I was pleased to see that Ira Pilchen, ASBPE's treasurer, responded in a comment on the ABM site.
Look -- there are hundreds of journalists in B2B media who have fought for decades to be treated as professionals, to work with dignity and pride. Holding the line between ad and editorial has been a tough battle for trade journalists -- far more so than in the mainstream press. That battle is getting tougher.
We have never needed the support of our trade associations -- ABM, ASBPE and TABPI -- as much as we do now.
This is a time for the associations to stand together with each other and with us. This is a time for all of us to applaud each and every attempt by an association, a journalist, a publisher or a salesman to do the right thing.
tags: advertising, journalism, b2b, media, trade press, magazines
Thursday, August 18, 2005
Sources from hell
If you've been in editorial for very long you've had at least one encounter with a crazy source. You know the type -- foul-mouthed, paranoid and none-too-bright. These folks tend to be consumed with the need to try and control their press coverage.
My all-time favorite lunatic was a guy who insisted that I had no legal right to write anything about his company (a publicly traded transportation company) unless he approved it. Of course I ignored him. And about every week or so he'd leave a nasty message on my answering machine threatening to sue me for violating something he called "business reputation privacy rights."
I had another source -- a transportation analyst -- who grew erratic and paranoid. He eventually took to issuing reports via FAX that accused reporters of working with FBI agents to hand control of U.S. markets to terrorists.
But it seems like I had it easy.
According to the New York Post, Patrick Byrne, the CEO of Overstock.com, has "routinely fired off profane and belligerent e-mails to analysts and reporters with whom he disagrees." Byrne has taken to complaining that many reporters have joined with a group of 1980s-era financiers "and a shadowy mastermind he called "the Sith Lord" to destroy his company.
My all-time favorite lunatic was a guy who insisted that I had no legal right to write anything about his company (a publicly traded transportation company) unless he approved it. Of course I ignored him. And about every week or so he'd leave a nasty message on my answering machine threatening to sue me for violating something he called "business reputation privacy rights."
I had another source -- a transportation analyst -- who grew erratic and paranoid. He eventually took to issuing reports via FAX that accused reporters of working with FBI agents to hand control of U.S. markets to terrorists.
But it seems like I had it easy.
According to the New York Post, Patrick Byrne, the CEO of Overstock.com, has "routinely fired off profane and belligerent e-mails to analysts and reporters with whom he disagrees." Byrne has taken to complaining that many reporters have joined with a group of 1980s-era financiers "and a shadowy mastermind he called "the Sith Lord" to destroy his company.
tags: journalism, b2b, media, trade press, magazines
Wednesday, August 17, 2005
Veni, Vidi, Vici, Video
I had the good fortune to attend Boston Latin School, the oldest school in America. The school's curriculum revolves around the study of the classics and, of course, the Latin language.
Like most folks who attended Boston Latin, I have a soft spot for tales of Rome. And I'm actually snooty enough to believe that Quid quid latine dictum sit, altum videtur (Anything said in Latin sounds profound.)
And thus, sometime today, I'll download the "skin" for the Firefox browser that is part of HBO's marketing effort for its upcoming series "Rome." (More on this here.)
Just last week I mentioned a print ad for this same HBO series, and suggested that such creative ads offered protection against unethical behavior by publishers and sales staff. In other words, I think by encouraging creative accomplishments in advertising, we can take a stronger stance against the craven and weak among us. Good, effective ads are the defense against those who push journalists to write puff pieces for advertisers, disguise advertorial as editorial, etc. Good ads can help a B2B publisher resist the urge to destroy credibility in the pursuit of revenue. Or, as the Romans would say, bibere venenum in auro (drink poison from a cup of gold.)
Once I download the Firefox skin, I'm going to reread this piece on measuring the effectiveness of ads. Then I'll reread this piece on some playful ads. Then I'm going to reread this piece on the future of ads.
(NOTE: If you don't have Firefox, or don't know what I'm talking about, you're way behind. Read this. And heed the words of Cicero: Tarditas et procrastinatio odiosa est ( Delay and procrastination is hateful.)
Like most folks who attended Boston Latin, I have a soft spot for tales of Rome. And I'm actually snooty enough to believe that Quid quid latine dictum sit, altum videtur (Anything said in Latin sounds profound.)
And thus, sometime today, I'll download the "skin" for the Firefox browser that is part of HBO's marketing effort for its upcoming series "Rome." (More on this here.)
Just last week I mentioned a print ad for this same HBO series, and suggested that such creative ads offered protection against unethical behavior by publishers and sales staff. In other words, I think by encouraging creative accomplishments in advertising, we can take a stronger stance against the craven and weak among us. Good, effective ads are the defense against those who push journalists to write puff pieces for advertisers, disguise advertorial as editorial, etc. Good ads can help a B2B publisher resist the urge to destroy credibility in the pursuit of revenue. Or, as the Romans would say, bibere venenum in auro (drink poison from a cup of gold.)
Once I download the Firefox skin, I'm going to reread this piece on measuring the effectiveness of ads. Then I'll reread this piece on some playful ads. Then I'm going to reread this piece on the future of ads.
(NOTE: If you don't have Firefox, or don't know what I'm talking about, you're way behind. Read this. And heed the words of Cicero: Tarditas et procrastinatio odiosa est ( Delay and procrastination is hateful.)
tags: advertising, journalism, b2b, media, trade press, magazines
Tuesday, August 16, 2005
Ad Age understands the Web...to a degree
Ad Age has added RSS feeds (thanks to Rex for pointing this out.)
That's nice. I wish more B2B publications would do so.
But I'd be a heck of a lot more excited if Ad Age gave some indication it understood the Web better before it added another Web-based delivery system. You see, Ad Age is one of those sites that fail to understand the most basic premise of Internet media -- the Web is a web.
In other words, Ad Age doesn't provide external links.
I'm not the only person to notice this. Not linking outside your own site is increasingly looking silly, amateurish and cowardly. Publishers need to weigh whatever advantage they see in pretending that Web doesn't exist against the disadvantage of looking like a goof.
Besides, does anyone actually believe that their readers don't know how to use Google? Does anyone actually believe they are the sole source of news in their industry?
Note: Adweek doesn't do much external linking either. But they operate Adfreak , a site that is as filled with links as it is with insider info, quirky news bits and fun writing. Adfreak also has an RSS feed.
That's nice. I wish more B2B publications would do so.
But I'd be a heck of a lot more excited if Ad Age gave some indication it understood the Web better before it added another Web-based delivery system. You see, Ad Age is one of those sites that fail to understand the most basic premise of Internet media -- the Web is a web.
In other words, Ad Age doesn't provide external links.
I'm not the only person to notice this. Not linking outside your own site is increasingly looking silly, amateurish and cowardly. Publishers need to weigh whatever advantage they see in pretending that Web doesn't exist against the disadvantage of looking like a goof.
Besides, does anyone actually believe that their readers don't know how to use Google? Does anyone actually believe they are the sole source of news in their industry?
Note: Adweek doesn't do much external linking either. But they operate Adfreak , a site that is as filled with links as it is with insider info, quirky news bits and fun writing. Adfreak also has an RSS feed.
tags: advertising, journalism, b2b, media, trade press, magazines
Variety's old blood, new blood and bad blood
Variety has named Timothy Gray, a 22-year veteran of the entertainment-business publication, as editor.
But that won't be enough to get Gray an invitation to Variety's Centennial celebration, according to the New York Times. Variety's founding family is hosting a giant bash at Sardi's next month to celebrate the 100th anniversary of the magazine. But no one hired after 1987 is invited. Not Gray, not editor-in-chief Peter Bart, not anyone.
The host of the party is Syd Silverman, the 73-year old grandson of Variety's founder. Silverman sold the magazine in 1987, and he's inviting only those folks who worked at the publication when it was run by his family. That's unfortunate...but probably not unexpected. B2B media is full of formerly family-run publications. And my experience has been that the culture clash between big media and family-run companies can lead to bitterness that lasts for years.
But what's interesting to me about the Variety party is how gracious the company's present owners are about all this. Reed Business has given its blessing to the bash, even allowing Silverman to use the trademarked Variety logo. I dare say that such a sophisticated approach to public relations and such an adult way of handling a difficult situation is a rarity in publishing.
Longtime readers of this blog know that I am not a fan of Variety. But I have to congratulate Reed and Variety for acting with such aplomb.
But that won't be enough to get Gray an invitation to Variety's Centennial celebration, according to the New York Times. Variety's founding family is hosting a giant bash at Sardi's next month to celebrate the 100th anniversary of the magazine. But no one hired after 1987 is invited. Not Gray, not editor-in-chief Peter Bart, not anyone.
The host of the party is Syd Silverman, the 73-year old grandson of Variety's founder. Silverman sold the magazine in 1987, and he's inviting only those folks who worked at the publication when it was run by his family. That's unfortunate...but probably not unexpected. B2B media is full of formerly family-run publications. And my experience has been that the culture clash between big media and family-run companies can lead to bitterness that lasts for years.
But what's interesting to me about the Variety party is how gracious the company's present owners are about all this. Reed Business has given its blessing to the bash, even allowing Silverman to use the trademarked Variety logo. I dare say that such a sophisticated approach to public relations and such an adult way of handling a difficult situation is a rarity in publishing.
Longtime readers of this blog know that I am not a fan of Variety. But I have to congratulate Reed and Variety for acting with such aplomb.
tags: journalism, b2b, media, trade press, magazines
Monday, August 15, 2005
Work online, make more money
The guy who can report a news story and write it up for publication is worth less to me than the guy who can report the story, write it and add a video clip.
So I'm not surprised by the latest survey that shows online, multimedia journalists are paid more than single-medium journalists. Similar surveys in the past have yielded similar results.
I don't expect this trend to continue, but that's because I think multimedia skills have become a requirement of journalism. Being unable to edit a sound file, create a hyperlink, resize an image, or create a slideshow is no more acceptable than being unable to type. Soon there will be no breakout of salaries by medium, because there won't be any more print-only reporters or TV-only cameramen or Web-only journalists.
I'm actually old enough to remember when pagination systems first came to the publishing world. I knew paste-up guys in the back room who were convinced that their skill set -- deep and narrow -- had value. They're all gone now. The smarter folks sensed that the world had changed. They learned the early versions of Quark and PageMaker. Look around your newsroom. Odds are some of those people are working on your copy desk even today.
The lesson is simple: either acquire multimedia skills or find another career.
So I'm not surprised by the latest survey that shows online, multimedia journalists are paid more than single-medium journalists. Similar surveys in the past have yielded similar results.
I don't expect this trend to continue, but that's because I think multimedia skills have become a requirement of journalism. Being unable to edit a sound file, create a hyperlink, resize an image, or create a slideshow is no more acceptable than being unable to type. Soon there will be no breakout of salaries by medium, because there won't be any more print-only reporters or TV-only cameramen or Web-only journalists.
I'm actually old enough to remember when pagination systems first came to the publishing world. I knew paste-up guys in the back room who were convinced that their skill set -- deep and narrow -- had value. They're all gone now. The smarter folks sensed that the world had changed. They learned the early versions of Quark and PageMaker. Look around your newsroom. Odds are some of those people are working on your copy desk even today.
The lesson is simple: either acquire multimedia skills or find another career.
tags: journalism, b2b, media, trade press, magazines entrepreneurial journalism, standalone journalism
Friday, August 12, 2005
Good ads, bad behavior
Later today I'm going to run out and buy a copy of "Entertainment Weekly." I've never read the thing before, and may never do so again, but there's an ad running in this week's issue that I have to see.
Here's how the Wall Street Journal describes it: "The ad appears in three parts: The front and back covers will fold out, and the middle of the magazine will feature a two-page center spread devoted to the series (HBO's "Rome." ) By folding the pages in various ways, readers can mix and match scenes in the three sections to form six different configurations."
I mention this because good advertising -- which, by the way, I seldom see in print or online -- pleases me. I'm one of those folks who like TV commercials. I accept them as a distinct medium that attracts talented people. I see dozens of TV ads that I enjoy. And I celebrate the creativity that goes into the good ones.
And good advertising is becoming more important for journalists -- because good advertising is a defense against unethical behavior. If the ads in our magazines and Web sites are compelling and engaging, then the advertisers will get their money's worth. And if our advertisers are satisfied, they won't pressure the editorial side to engage in unprofessional and immoral behavior.
Folio magazine has a piece this week on ASBPE's decision to rewrite its ethics guidelines (DISCLOSURE: the Folio article refers to this blog.) I called on ASBPE to revamp its rules recently, and celebrated when the group announced its plans.
This is a crucial time in B2B media, and I applaud ASBPE (and ABM) for holding the line on journalism ethics. I'd urge everyone in editorial to follow ASBPE's progress as it enters this next stage of the good fight.
I'd also urge everyone in editorial to get a copy of Entertainment Weekly. Look at that ad. Pass it around to your advertising sales staff. Start a conversation. This is a tough time in the media business. So we should take the time to encourage and support those folks on the business side who are willing to look for solutions in creativity, not in ethical shortcuts.
Here's how the Wall Street Journal describes it: "The ad appears in three parts: The front and back covers will fold out, and the middle of the magazine will feature a two-page center spread devoted to the series (HBO's "Rome." ) By folding the pages in various ways, readers can mix and match scenes in the three sections to form six different configurations."
I mention this because good advertising -- which, by the way, I seldom see in print or online -- pleases me. I'm one of those folks who like TV commercials. I accept them as a distinct medium that attracts talented people. I see dozens of TV ads that I enjoy. And I celebrate the creativity that goes into the good ones.
And good advertising is becoming more important for journalists -- because good advertising is a defense against unethical behavior. If the ads in our magazines and Web sites are compelling and engaging, then the advertisers will get their money's worth. And if our advertisers are satisfied, they won't pressure the editorial side to engage in unprofessional and immoral behavior.
Folio magazine has a piece this week on ASBPE's decision to rewrite its ethics guidelines (DISCLOSURE: the Folio article refers to this blog.) I called on ASBPE to revamp its rules recently, and celebrated when the group announced its plans.
This is a crucial time in B2B media, and I applaud ASBPE (and ABM) for holding the line on journalism ethics. I'd urge everyone in editorial to follow ASBPE's progress as it enters this next stage of the good fight.
I'd also urge everyone in editorial to get a copy of Entertainment Weekly. Look at that ad. Pass it around to your advertising sales staff. Start a conversation. This is a tough time in the media business. So we should take the time to encourage and support those folks on the business side who are willing to look for solutions in creativity, not in ethical shortcuts.
tags: advertising, journalism, b2b, media, trade press, magazines
Thursday, August 11, 2005
Economics bloggers, standalone journalists
I argue that blogging and the citizen-journalism movement got their start at About.com. About used "passionate" amateurs -- hundreds of them -- rather than professional journalists to cover a seemingly endless number of topics. When I worked there I oversaw the Money and Industry channels -- sites that covered personal finance, careers, small business, B2B, automotive, etc. And one of our more popular sites, much to the surprise of many, was about economics.
Today the Wall Street Journal has a piece about the growing popularity of economics bloggers. Given About's history, I'm not surprised by that news. Nor am I surprised that one of these blogging economists focuses on the oil industry. The petroleum space is likely to attract a number of standalone journalists. Traders such as Phil Flynn and analyst groups such as IFR Energy Services already compete with news providers by offering newsletters as brand extensions.
B2B publishers need to be aware that they are vulnerable to new, standalone journalists -- whether they be industry professionals turned bloggers; economists and academics with insight into the industry you cover; or former employees armed with online-publishing software.
The early successes in B2B standalone journalism are likely to be those folks who can carve a niche in a space that covers both B2B and B2C. In other words, look for people to launch products that serve two levels of news and information. One level is for professionals -- the classic B2B media model. The other level is for consumers who have an interest in how an industry influences their lives. Economics fits that model. So does petroleum. For everyone who makes his living trading gasoline futures, there are thousands who want to understand how gas prices work. The train industry is another example of this sort of hybrid B2B/B2C space.
tags: journalism, b2b, media, trade press, magazines, entrepreneurial journalism, standalone journalism
Today the Wall Street Journal has a piece about the growing popularity of economics bloggers. Given About's history, I'm not surprised by that news. Nor am I surprised that one of these blogging economists focuses on the oil industry. The petroleum space is likely to attract a number of standalone journalists. Traders such as Phil Flynn and analyst groups such as IFR Energy Services already compete with news providers by offering newsletters as brand extensions.
B2B publishers need to be aware that they are vulnerable to new, standalone journalists -- whether they be industry professionals turned bloggers; economists and academics with insight into the industry you cover; or former employees armed with online-publishing software.
The early successes in B2B standalone journalism are likely to be those folks who can carve a niche in a space that covers both B2B and B2C. In other words, look for people to launch products that serve two levels of news and information. One level is for professionals -- the classic B2B media model. The other level is for consumers who have an interest in how an industry influences their lives. Economics fits that model. So does petroleum. For everyone who makes his living trading gasoline futures, there are thousands who want to understand how gas prices work. The train industry is another example of this sort of hybrid B2B/B2C space.
tags: journalism, b2b, media, trade press, magazines, entrepreneurial journalism, standalone journalism
Tuesday, August 09, 2005
Primedia Business sold to Wasserstein
It's over.
And yet little has changed.
Primedia Business has been sold to yet another New York-based buyout firm. The seller, of course, was KKR. When I was an executive at Primedia Business, it was the folks at KKR who were in charge. And I found them to be -- almost entirely -- a repulsive group. KKR's chosen would gather in the executive dining room and complain whenever Primedia Business' workforce seemed unwilling to sacrifice more wages and time to further enrich KKR's investors. My time at Primedia Business was an endless series of meetings with people who genuinely disliked each other. And it was clear to me that KKR set that contemptuous tone.
Primedia Business' new owner is Wasserstein & Co., a private equity firm that also owns "The Deal." I know nothing about Wasserstein. And I would urge everyone at Primedia Business to try and maintain a positive attitude during these next few weeks. Perhaps Wasserstein will turn out to be a more skilled leader than KKR.
But I'll confess that I have little faith. Readers of this blog know that I dislike the management style of Wall Street. And I am saddened each time a B2B publisher is purchased by a private equity fund or leveraged buyout firm.
I prefer a different style of owner -- dedicated more to the product, the workers and the customers than to money.
It was years ago that I first came across the work of management guru W. Edwards Deming. Deming believed the purpose of a business isn't to make money. Rather, the purpose of a business is to stay in business so it can provide jobs. In Deming's model, profit is an intermediate goal, not a final purpose. In other words, Deming believed a company owed more to its stakeholders than to its shareholders. Deming's work has fallen from favor in recent years -- pushed to the side by stock booms, junk bonds, IPOs, LBOs and EBITDA.
I'd like to think that Wasserstein sees more in Primedia Business than cash flow. But a look at Wasserstein's Web site does little to encourage me. There's not a word about employees; there's no mention of products; there's no discussion about running a business. But there's plenty of talk about managing investments.
FULL DISCLOSURE: I'm the former vice president for online content at Primedia Business. Also, during this past weekend I took on a small, short-term consulting arrangement with Primedia Business.
And yet little has changed.
Primedia Business has been sold to yet another New York-based buyout firm. The seller, of course, was KKR. When I was an executive at Primedia Business, it was the folks at KKR who were in charge. And I found them to be -- almost entirely -- a repulsive group. KKR's chosen would gather in the executive dining room and complain whenever Primedia Business' workforce seemed unwilling to sacrifice more wages and time to further enrich KKR's investors. My time at Primedia Business was an endless series of meetings with people who genuinely disliked each other. And it was clear to me that KKR set that contemptuous tone.
Primedia Business' new owner is Wasserstein & Co., a private equity firm that also owns "The Deal." I know nothing about Wasserstein. And I would urge everyone at Primedia Business to try and maintain a positive attitude during these next few weeks. Perhaps Wasserstein will turn out to be a more skilled leader than KKR.
But I'll confess that I have little faith. Readers of this blog know that I dislike the management style of Wall Street. And I am saddened each time a B2B publisher is purchased by a private equity fund or leveraged buyout firm.
I prefer a different style of owner -- dedicated more to the product, the workers and the customers than to money.
It was years ago that I first came across the work of management guru W. Edwards Deming. Deming believed the purpose of a business isn't to make money. Rather, the purpose of a business is to stay in business so it can provide jobs. In Deming's model, profit is an intermediate goal, not a final purpose. In other words, Deming believed a company owed more to its stakeholders than to its shareholders. Deming's work has fallen from favor in recent years -- pushed to the side by stock booms, junk bonds, IPOs, LBOs and EBITDA.
I'd like to think that Wasserstein sees more in Primedia Business than cash flow. But a look at Wasserstein's Web site does little to encourage me. There's not a word about employees; there's no mention of products; there's no discussion about running a business. But there's plenty of talk about managing investments.
FULL DISCLOSURE: I'm the former vice president for online content at Primedia Business. Also, during this past weekend I took on a small, short-term consulting arrangement with Primedia Business.
tags: journalism, b2b, media, trade press, magazines
Monday, August 08, 2005
More on ethics guidelines
The American Society of Business Publication Editors says it will "completely rewrite" its ethics guidelines. I'm thrilled. And you should be too. ASBPE's move comes at a difficult time in B2B media. Publishers and advertising sales staff are feeling competitive pressure from new online publications, RSS and search. The smartest folks on the business side will find a way to succeed in this new environment. The dumbest will demand concessions from editorial.
Any B2B journalist who doesn't see how ugly things are likely to get in the next few months just isn't paying attention. Look at this piece in Mediaweek that talks about how Lexus is pressuring publishers to accept product placement. In particular, Lexus is calling for "modified “advertorial”-type stories that would not carry an advertorial label and would be written by staff writers in order to enhance the credibility of the piece." That would be about as clear a violation of the ethics policies of ASBPE and ABM as I can imagine.
For more on ethics, take a look at this earlier post and the comment section.
And to see what some creative advertising types are doing to compete, take a look here.
Any B2B journalist who doesn't see how ugly things are likely to get in the next few months just isn't paying attention. Look at this piece in Mediaweek that talks about how Lexus is pressuring publishers to accept product placement. In particular, Lexus is calling for "modified “advertorial”-type stories that would not carry an advertorial label and would be written by staff writers in order to enhance the credibility of the piece." That would be about as clear a violation of the ethics policies of ASBPE and ABM as I can imagine.
For more on ethics, take a look at this earlier post and the comment section.
And to see what some creative advertising types are doing to compete, take a look here.
tags: advertising, journalism, b2b, media, trade press, magazines
Wednesday, August 03, 2005
Discovering the converged newsroom
I first saw the future of newsrooms at the Chicago Tribune. It must have been nearly 15 years ago. A friend of mine was working there, and she gave me a tour. And what struck me the most (besides actually seeing Mike Royko) was the giant remote-controlled camera in the center of the newsroom. The Trib had created a system where print reporters would stand in front of the camera and talk about their stories. That video would air on Tribune-owned WGN.
I was amazed and excited. My friend, however, was resentful. She saw the camera not as an opportunity, but as another in an endless series of demands on her time.
In later years I'd see that multimedia environment repeated time and time again. At CNN, our reporters worked on the Web, appeared on camera, did sound bites for radio. Certainly there was specialization, but the most successful and ambitious journalists transcended their niches and worked in more than one medium. And time and time again I have come across different versions of my friend from the Tribune -- resisting change and sabotaging their careers.
Just last month I met the editor of a trade magazine who told me he didn't even know the name of the person who ran his publication's Web site. (Certainly you can blame that guy's publisher for failing to combine his products into a unified brand run by a unified team. And ultimately it was the publisher who made the short-sighted decision to use shovelware -- thus allowing the print reporters to maintain their distance from the Web site. But I believe with all my heart that journalists have the responsibility to keep editorial control over all editorial products. Letting a tech department decide how to run a magazine's site is madness.)
Readers of this blog know that I tell journalism students that I want nothing to do with single-medium journalists. A journalist who fails to embrace the storytelling potential of hyperlinks, graphics, video, interactivity, feedback, etc. tells me that he is unambitious. A journalist such as that tells me not to hire him.
Now comes word that the Washington Post has hired the king of convergence and that the New York Times has embraced the converged newsroom. (FULL DISCLOSURE: The Times recently acquired About.com, where I was once a producer and executive.) When the Times and the Post, which for better or for worse are among the most influential publications in media, make such moves, there can be no doubt that none of us will ever again be tied solely to the world of hard copy.
To read more about multimedia reporting, read this post and follow the links.
tags: journalism, b2b, media, trade press, magazines
Tuesday, August 02, 2005
IDG's woes in Germany
Fellow B2B media blogger Hugo Martin says IDG is having some problems with audited circulation in Germany. It appears that qualified circulation for IDG's Computer Woche is about half what the company had earlier estimated.
I'm a fan of IDG, and a big fan of the company's push into the global marketplace. And whatever is behind these recent problems, I'm convinced that IDG will continue to prosper.
Perhaps Colin Crawford, a media blogger who happens to be vice president for business development at IDG and has a degree in accounting, will post something about the company's challenges in Germany.
I'm a fan of IDG, and a big fan of the company's push into the global marketplace. And whatever is behind these recent problems, I'm convinced that IDG will continue to prosper.
Perhaps Colin Crawford, a media blogger who happens to be vice president for business development at IDG and has a degree in accounting, will post something about the company's challenges in Germany.
tags: journalism, b2b, media, trade press, magazines
Business opportunity in B2B?
Can this be true? Is there really such a business opportunity right under our B2B publishing noses?
TSMI's Trade Show blog says that industry doesn't have a "resource that would allow tracking of competitors and industry bellwethers by the events where they were exhibitors and/or sponsors along with total spend on these events." In other words, the B2B media, which makes much of its money by publishing industry data and running trade shows, hasn't found a way to merge those two opportunities.
I'm not an expert in trade shows. Nor do I do much in data publishing. So perhaps I'm missing something. But this would seem to have some potential.
ADDENDUM: Check out what Paul Woodward, who writes about B2B media in Asia, has to say about this issue.
tags: journalism, b2b, media, trade press, magazines
Monday, August 01, 2005
Are they paying you enough?
Folio magazine has published the results of its editorial management salary survey.
Take a look. It's hard to push your boss for a pay raise when you don't know what your competitors make. (It can also be hard to keep from punching someone when you find out how much they pay your supervisor...so try to exercise some restraint.)
Among the findings: the mean salary for editorial directors in consumer magazines is $97,000, and the highest salary for that job title was $250,000. Editorial directors in the B2B world didn't fare as well. The mean was $85,900 (about the same as a tow boat captain in Florida, according to this game at People magazine), while the top reported salary was $160,000.
On the other hand, editors and executive editors do better in trade publishing than in the consumer press -- $67,500 vs. 65,600. (Association publishing tops this category at $73,400.)
So how can you boost your salary?
Try getting a haircut or a nose job.
Take a look. It's hard to push your boss for a pay raise when you don't know what your competitors make. (It can also be hard to keep from punching someone when you find out how much they pay your supervisor...so try to exercise some restraint.)
Among the findings: the mean salary for editorial directors in consumer magazines is $97,000, and the highest salary for that job title was $250,000. Editorial directors in the B2B world didn't fare as well. The mean was $85,900 (about the same as a tow boat captain in Florida, according to this game at People magazine), while the top reported salary was $160,000.
On the other hand, editors and executive editors do better in trade publishing than in the consumer press -- $67,500 vs. 65,600. (Association publishing tops this category at $73,400.)
So how can you boost your salary?
Try getting a haircut or a nose job.
tags: journalism, b2b, media, trade press, magazines
Friday, July 29, 2005
Instant messaging as a reporting tool
I'm on Yahoo Messenger about 12 hours a day.
I can't report without it. I can't edit without it. I'm not even sure I can live without it.
And if you're a working journalist who doesn't know what I'm talking about, then you are falling behind your peers.
I started instant messaging on AOL a few years ago, chatting with friends while I worked. Then, when I was at Bloomberg, that company rolled out its own IM system. And I used it to talk with co-workers and sources who had Bloomberg terminals.
Now I'm a Yahoo guy -- largely because much of my day is spent covering the petroleum feedstocks market. And everyone in that business works through Yahoo. Two of the B2B publishers I work with also use Yahoo to communicate with staff.
I've taken to urging B2B reporters to join the IM world because IM is exactly the sort of tool a reporter needs. It's faster than email. It's transparent (the system tells you whether or not someone is online.) And, for reasons that I don't quite understand, sources who hesitate to talk on the phone or exchange emails are willing to chat via IM.
Odds are that the industry your publication covers has adopted an IM system. Find out which is preferred by your sources. Then join the conversation. If no one is using IM in your industry -- which is impossible in a field such as oil, stocks, bonds, currency, shipping or any business with a trading component -- then start the craze yourself.
Here's what you'll find:
1) Sources who traditionally have been hard to reach will suddenly become accessible.
2) The speed of your reporting will increase rapidly.
Here's what you need to be cautious about:
1) IM is a form of chat. Eloquent conversations are nonexistent. You can use IM effectively to get yes/no answers, figures, dates, story tips and general information. But to get a useable quote, you will often have to ask sources to elaborate.
2) IM is an informal medium. Sources don't see talking via IM as an interview. The advantage of that is they will talk more freely than if you get them on the phone. The disadvantage is that the first time you publish a quote from IM, you're likely to lose a source. Here's my rule. I'd urge you to adopt it. Unlike a phone call, which is on-the-record unless otherwise stated, an IM conversation is not-for-attribution unless otherwise stated. In other words, if you want to pull a quote from an IM chat, tell your source you want to do that.
3) IM conversations are filled with icons that denote emotions, such as the widely understood smile symbol :> There's a reason for this: rapid typing, use of abbreviations and short phrases make it easy for people to misunderstand IM. In particular, jokes and puns are often read as serious. Learn the icons and use them.
Most IM systems are free. There is no reason for you not to master this tool now. Besides, the clock is ticking. The young people who want your job, the new kids coming to work in the industry you cover, are all chatting on IM. Check out this research, which shows that kids think email is for old people.
(FULL DISCLOSURE: I consult with a group of university researchers who study how demographic differences are reflected in price negotiations conducted via IM. We're developing seminars and related products aimed at helping traders become better negotiators.)
I can't report without it. I can't edit without it. I'm not even sure I can live without it.
And if you're a working journalist who doesn't know what I'm talking about, then you are falling behind your peers.
I started instant messaging on AOL a few years ago, chatting with friends while I worked. Then, when I was at Bloomberg, that company rolled out its own IM system. And I used it to talk with co-workers and sources who had Bloomberg terminals.
Now I'm a Yahoo guy -- largely because much of my day is spent covering the petroleum feedstocks market. And everyone in that business works through Yahoo. Two of the B2B publishers I work with also use Yahoo to communicate with staff.
I've taken to urging B2B reporters to join the IM world because IM is exactly the sort of tool a reporter needs. It's faster than email. It's transparent (the system tells you whether or not someone is online.) And, for reasons that I don't quite understand, sources who hesitate to talk on the phone or exchange emails are willing to chat via IM.
Odds are that the industry your publication covers has adopted an IM system. Find out which is preferred by your sources. Then join the conversation. If no one is using IM in your industry -- which is impossible in a field such as oil, stocks, bonds, currency, shipping or any business with a trading component -- then start the craze yourself.
Here's what you'll find:
1) Sources who traditionally have been hard to reach will suddenly become accessible.
2) The speed of your reporting will increase rapidly.
Here's what you need to be cautious about:
1) IM is a form of chat. Eloquent conversations are nonexistent. You can use IM effectively to get yes/no answers, figures, dates, story tips and general information. But to get a useable quote, you will often have to ask sources to elaborate.
2) IM is an informal medium. Sources don't see talking via IM as an interview. The advantage of that is they will talk more freely than if you get them on the phone. The disadvantage is that the first time you publish a quote from IM, you're likely to lose a source. Here's my rule. I'd urge you to adopt it. Unlike a phone call, which is on-the-record unless otherwise stated, an IM conversation is not-for-attribution unless otherwise stated. In other words, if you want to pull a quote from an IM chat, tell your source you want to do that.
3) IM conversations are filled with icons that denote emotions, such as the widely understood smile symbol :> There's a reason for this: rapid typing, use of abbreviations and short phrases make it easy for people to misunderstand IM. In particular, jokes and puns are often read as serious. Learn the icons and use them.
Most IM systems are free. There is no reason for you not to master this tool now. Besides, the clock is ticking. The young people who want your job, the new kids coming to work in the industry you cover, are all chatting on IM. Check out this research, which shows that kids think email is for old people.
(FULL DISCLOSURE: I consult with a group of university researchers who study how demographic differences are reflected in price negotiations conducted via IM. We're developing seminars and related products aimed at helping traders become better negotiators.)
tags: journalism, b2b, media, trade press, magazines
Thursday, July 28, 2005
Update your blog, please
One of the more interesting things about blogging software is that it allows for instant publishing. Just a year ago or so, putting something out on the Web took at least a few minutes and required some moderately complex content-management software. Go back 10 years, and publishing required days, if not weeks, and you had to go through a person called a "publisher," who owned the equipment that printed content.
Now everything is so easy, so fast.
So you sort of have to wonder about those blogs that never seem to update.
The expophile blog, which covers trade shows, has an interesting post that points to one such offender. Take a look. Then check to see when was the last time your favorite blog was updated. For that matter, check to see when was the last time you updated your Web site.
(Note: Expophile posts anonymously. I'm not crazy about that in a medium that promotes conversation and transparency. I'm not a regular reader of Expophile, so it's possible that he/she has already given some compelling reason to hide -- perhaps a hostile boss. Regardless of that shortcoming, Expophile is worth looking at if you follow B2B trade shows. Although I think TSMI is a more interesting read.)
tags: journalism, b2b, media, trade press, magazines
Wednesday, July 27, 2005
Expertise and achievement on the Web
Prescott Shibles, the smartest guy who ever worked for me, has joined the blogosphere.
Prescott, who is the electronic-media guru at Primedia Business, promises to write about "strategy and tactics for creating compelling online products and attracting qualified audiences." That should be of interest to anyone in B2B publishing -- especially those who don't think they need to think about electronic media.
After you've spent some time with Prescott thinking about what you should do online, take a look at some of the more interesting things that have been done online. J-Lab, the institute for interactive journalism, has announced the five finalists for its Batten awards for innovations in journalism.
It shouldn't be a surprise that Adrian Holovaty, lead developer for my favorite newspaper site, is on the list (albeit for a different project.) Nor should anyone be shocked that my second favorite newspaper site is also on the list.
Prescott, who is the electronic-media guru at Primedia Business, promises to write about "strategy and tactics for creating compelling online products and attracting qualified audiences." That should be of interest to anyone in B2B publishing -- especially those who don't think they need to think about electronic media.
After you've spent some time with Prescott thinking about what you should do online, take a look at some of the more interesting things that have been done online. J-Lab, the institute for interactive journalism, has announced the five finalists for its Batten awards for innovations in journalism.
It shouldn't be a surprise that Adrian Holovaty, lead developer for my favorite newspaper site, is on the list (albeit for a different project.) Nor should anyone be shocked that my second favorite newspaper site is also on the list.
tags: journalism, b2b, media, trade press, magazines
Tuesday, July 26, 2005
Seeking guidance in ethical guidelines
My fellow B2B media blogger David Shaw has exactly the sort of post on his site that I like to see -- a transparent look at a how a B2B publisher handles a controversial issue.
I won't say much more here than this -- David is maintaining his professional ethics amid a challenging sales environment. Everyone in the press should take a look.
In recent weeks I've had two disconcerting conversations with B2B journalists about ethics. In the first, a group of editors sought my advice because they were having a hard time resisting pressure from advertising sales staff who wanted promises of frequent, positive coverage of advertisers. In the second conversation, a B2B editor I work with argued that he was free to run in-house ads about conferences and new products as news stories, not as ads, because such pieces are "BIG news for our customers."
The common denominator in those tales of journalistic immorality is the mistaken belief that a business need trumps an ethical requirement.
That's why I'm always pleased by people such as David, who don't think the trade magazine business model gives us some sort of free pass on ethics.
If you're in doubt about what is, or is not acceptable, take a look at ABM's guidelines on professional ethics. The ASBPE also publishes ethics guidelines, although they are not as clear and are in need of an update. They are available on the group's Web site.
If you are being pressured by advertisers, publishers, fellow journalists or ad sales people to do something wrong, this is my advice:
First, explain why their request is unethical. It's my experience that many an ethical slip happens because people on the editorial side assume everyone knows the rules, but are choosing to ignore them. But there are many folks on the business side of a publication who are simply unfamiliar with journalism ethics. Be courteous. Strike up a conversation. Odds are you'll find that your coworkers are uninformed, not unethical.
Second, don't budge. Giving even a little bit on these issues always ends in disaster. Fight early, fight loudly and fight in public. Get other journalists from your company involved. Take your complaints to the publisher, to the board and to your readers.
If that fails, tell the offending party that you're willing to forsake your ethics and imperil your career if they will do the same -- you'll give them the coverage they want, if they give you sex and cash.
That usually shuts them up.
tags: journalism, b2b, media, trade press, magazines, journalism ethics
Monday, July 25, 2005
A font of font wisdom
I'm not a design guy, although I know what I like when I see it. And I probably pay less attention to design issues now than I did in the past, because I'm one of those folks who think content is moving away from its containers.
Nonetheless, I have a bit of a thing for typeface.
I remember the first time I came across a font that I found compelling. Her name was Amelia, and she was the futuristic style used throughout the original "Rollerball" movie.
This week, New York City is filled with the sort of typeface groupies who try to merge utility and beauty in print. Check out this piece in the N.Y. Times about "TypeCon, a yearly gathering of typographers, printers, designers, calligraphers and assorted, self-described font freaks and type nerds who can argue about kerning into the wee hours."
And for an inside look at the world the world of fonts, check out the blog of Mark Simonson. Mark is attending TypeCon and blogging about the gathering.
Nonetheless, I have a bit of a thing for typeface.
I remember the first time I came across a font that I found compelling. Her name was Amelia, and she was the futuristic style used throughout the original "Rollerball" movie.
This week, New York City is filled with the sort of typeface groupies who try to merge utility and beauty in print. Check out this piece in the N.Y. Times about "TypeCon, a yearly gathering of typographers, printers, designers, calligraphers and assorted, self-described font freaks and type nerds who can argue about kerning into the wee hours."
And for an inside look at the world the world of fonts, check out the blog of Mark Simonson. Mark is attending TypeCon and blogging about the gathering.
tags: journalism, b2b, media, trade press, magazines
Friday, July 22, 2005
Read this headline and look 10 years younger!
Cyberjournalist has a letter from a reader today who says that in the age of RSS, headline writing has become more important.
I agree...and even go a wee bit further. I think there's a growing need for expertise in all types of ultra-short writing. Certainly news organizations will look for writers who can create headlines to pull in RSS users. But advertisers will too. If text ads, paid links, etc. continue to grow, then the guy who can write a three-word phrase that generates a click is of value.
If you're looking for a guide to how to write headlines for the online world, look no further than Money.CNN. (FULL DISCLOSURE: I was a producer at CNNfn.com, which merged its operations with the online offerings of Money magazine to become Money.CNN.) No one does a better job of writing the pithy phrases that get users to click through to the story. The headlines are clear, not cryptic. They are conversational and inviting. Here's a sample from today:
Google's best not enough
Reverse shoplifting: Artists drop while they shop
What Greenspan didn't know
Franchises of the future
Demystifying hedge funds
Each of these headlines (average length of 4.4 words) is informative (telling you the subject of the story -- Google, artists, Greenspan, etc.) Each headline also "opens" a conversation without closing it. For example, a headline that says "Google sales and profit rise, but less than hoped; Shares fall" tells the reader everything he needs. It makes it too easy to not click through. More importantly, the CNN.Money headlines are lively. They feel more like television than print, and that's exactly how a Web headline needs to feel.
tags: journalism, b2b, media, trade press, magazines
Thursday, July 21, 2005
IDG sees more paid, controlled circ on Web
You'd be hard-pressed to find a publishing company that is smarter than IDG. So it's always worth paying attention to what the owner of CIO and ComputerWorld thinks. In the past, I've made note of IDG's interest in overseas B2B publishing, and I've urged journalists to pursue a more global strategy and culture.
Now Wired magazine has an interesting interview with IDG's chief executive officer Pat Kenealy. According to Wired, Kenealy predicts that Web publishers will move to become less Web-like by hiding more material from search engines.
It's an interesting prediction...but not one I share.
Take a look at the article. Make particular note of IDG's adoption of a multiple choice style of Web publishing, which Wired describes as a mix of "free content, cheap content, expensive content, content that requires an onerous registration process, and content that requires little more than an e-mail address and ZIP code."
I suspect that this not-one-size-fits-all strategy is one that every trade publisher should adopt.
tags: journalism, b2b, media, trade press, magazines
Wednesday, July 20, 2005
More changes at Vance
There are more changes at Vance Publishing, where I was once senior writer. And as I've been saying for awhile now, the changes point to a divesture of some properties.
In the latest move, all the food-related publications, including the Packer newspaper and the Red Book directory have been rolled into a new division called Food360°. According to this undated press release, Vance's Produce, Crops and Livestock divisions are now part of Food360°.
The revamp seems to be a departure from the plan, announced just six months ago, to reorganize the food properites into a single unit with two divisions --produce and animal foods.
But whether it's two divisions or one, Food360° now functions largely as a standalone company based in the suburbs of
I'll continue to predict that Vance plans to sell the food publications. And I'll continue to predict that the buyer will be Ascend Media -- which is based just a hop, skip and a jump down the road from Food360° in
tags: journalism, b2b, media, trade press, magazines
Tuesday, July 19, 2005
The direction of directories
I try to stay out of the print-is-dead debate. To me, there is no debate.
Some of print is dead. Some of it isn't...yet. And some of it will live forever.
For example, there will always be a place for the long-form narrative. That style of writing simply cannot work well on the Web, but it is too beloved by writers and readers to disappear. The narrative will fade further from magazines and newspapers and drift deeper into books. But it will stay a print product.
On the other hand, some forms of print are clearly already dead. When was the last time you checked a stock quote in a newspaper? How can such a print product compete with real-time quotes that link to research reports and fundamental analysis?
Other forms of print are wounded, perhaps mortally. Newspaper classifieds are ancient now, and largely useless. Craigslist has changed everything. Smart papers are looking for online ways to compete. Print classifieds may have a longer life in B2B magazines, I suppose. But classifieds must be searchable to compete. So smart B2B publishers will also move such products online.
On the other hand, I may be the only person on earth who thinks the future of print directories is secure. (Even the king of directory publishing -- the Thomas Register -- disagrees with me.)
Every B2B company I have ever worked with has some form of textbook-sized directory of the industries they serve. At Vance, we published the Red Book Credit Service guide to produce and shipping companies. It was impossible to work in the produce industry without having the book on your desk. At Traffic World and the Journal of Commerce we published guides to logistics companies, railroad executives and ports. At Primedia, there were separate companies such as Bacon's that published directories. Many of the magazines at Primedia published directories of their own. And later today, when I work on some newsletters for OPIS, I'll likely consult one of the Stalsby directories of petroleum executives.
Certainly there are compelling arguments to be made that these products cannot continue in print. Their primary purpose is as a reference tool, yet they aren't searchable. More importantly, the distribution and printing costs of such oversized products is troubling.
But I think they will survive.
Up until two years ago, I was municipal finance editor for Bloomberg News. Bloomberg had taken a look at the insular world of municipal-bond trading and decided it could do a better job of covering the industry than the trade pubs did. In particular, Bloomberg thought it could beat "The Bond Buyer," the daily tabloid newspaper that served the industry.
I'd argue that Bloomberg succeeded. Muni bonds are an insider's game. Connections -- both personal and political -- determine success. Bloomberg assumed that the muni market was in need of more new and openness. Most importantly, Bloomberg assumed that the muni market would quickly dump the day-old data that filled the back of "The Bond Buyer" in favor of real-time data on the Bloomberg terminals.
To a degree, Bloomberg was right on all counts. "The Bond Buyer" now has a far more extensive online offering than it did just a few years ago. I suspect that even the old timers at that paper recognize that print is not the medium for people who trade real money in real time.
But what hasn't changed....and I suspect never will...is the directory that "The Bond Buyer" publishes. It's called the "Municipal Marketplace." But most folks refer to it as "the Red Book."
I know that every day at Bloomberg I turned to the directory -- searching for sources, checking names, etc. It was a very valuable tool for a journalist and a very valuable tool for anyone in the muni industry.
I don't see that changing anytime soon. And I can't shake the feeling that the physical product -- oversized and in print -- is the key to its usefulness. There's something reassuring about being able to "reach out" for information by reaching across your desk. There's some valuable, emotional connection in these products.
This week, SourceMedia announced an expansion of the Red Book's listings. I think that's a good idea. At least in this small slice of B2B media, print is not dead. And just in case I'm wrong, SourceMedia also offers the Red Book online.
tags: journalism, b2b, media, trade press, magazines, newsletters
Monday, July 18, 2005
Pushing ads, pulling journalism
There's an interesting piece in the Times today about a system that uses Bluetooth technology to "push" movie trailers onto cell phones. If you walk near a kiosk with the technology at a Loews theater, your cell phone will receive the ad.
I find that a little intrusive. But that doesn't mean that most people will.
What I find interesting about the technique is its potential as an editorial tool. The Loews ads are essentially a push/ad version of the pull/journalism idea that I call immersion journalism.
And although I dread the day when simply walking through the streets of New York subjects me to vibrating pagers and ringing cell phones full of geographically targeted ads, I look forward to the day when geo-targeted information and news can be summoned with a click or a phone call.
tags: journalism, b2b, media, trade press, magazines, advertising
Who is buying the B2B media companies?
I've been known to bemoan the rising influence of Wall Street in trade publishing. One of my favorite things about B2B media is that so many of our publications are smaller, family-run companies. Heck, even some of the big companies in B2B publishing are still family run.
I worry like crazy that the new breed of B2B media owners -- private equity firms and Wall Street bigwigs such as KKR, VSS and JP Morgan -- don't understand our industry or our culture.
Given that, I wasn't pleased to see a report from DeSilva & Phillips, which indicates that Wall Street deals dwarfed more traditional media deals last year. "The media companies — which collectively present informed opinion to the world — were subdued in the deal market. 'Subdued' is overstating it. In the magazine market, strategics accounted, altogether, for a mere 4% of the value of the DeSilva & Phillips Top 15 Deals — a record low."
You can see the report here, or read a piece about it in Folio.
There's also a piece here by David Shaw that points to a N.Y. Post article that indicates not all Wall Street investors are pleased with the B2B space. (FULL DISCLOSURE: The Post article is talking about KKR's investment in Primedia Business, where I was once the vice president of online content.)
Thursday, July 14, 2005
Being a B2B benchmark
Many a journalist in B2B media describes his publication as "the voice of the industry" it covers. I've said that's an outdated concept in the age of conversational media. And I believe that trying to be such a voice is a sure way to get your publication excluded from the conversation.
Wouldn't it be better to be the benchmark of an industry? To be so well respected that the prices people pay for goods are based on what you say? Wouldn't it be wonderful, in other words, to be the Dow Jones in the Dow Jones Industrial Average?
It's a lofty goal. And whenever someone achieves that level of respect in an industry, it's worth noting. So congratulations to Reed Business' ICIS, publisher of Chemical Market Reporter and related offerings. ICIS is launching something called the ICIS-LOR Ethylene Index (EIX). The index will be used as the benchmark settlement price at the Kuala Lumpur Stock Exchange for the world's first over-the-counter (OTC) ethylene futures contract.
That's the sort of brand-name recognition that should be the goal of every B2B publisher.
Consider how difficult it becomes for ICIS' rivals to call themselves the dominant force in the ethylene market when the ICIS brand is attached to the commodity's price.
On the other hand, consider how easy it is for someone armed with the tools of new media to compete against ICIS in other areas.
Is there anything that could stop a standalone journalist, armed with a video camera, some b-roll and this article from producing a rival to ICIS' television service?
(FULL DISCLOSURE: It's worth noting that ICIS competitor Platts is the benchmark in the trading of some other chemicals. And it's worth noting that both Platt's and OPIS are benchmarks for some petroleum product prices. I work on a number of newsletter products for OPIS.)
tags: journalism, b2b, media, trade press, magazines, newsletters, conversational media,
entrepreneurial journalism, standalone journalism
Wouldn't it be better to be the benchmark of an industry? To be so well respected that the prices people pay for goods are based on what you say? Wouldn't it be wonderful, in other words, to be the Dow Jones in the Dow Jones Industrial Average?
It's a lofty goal. And whenever someone achieves that level of respect in an industry, it's worth noting. So congratulations to Reed Business' ICIS, publisher of Chemical Market Reporter and related offerings. ICIS is launching something called the ICIS-LOR Ethylene Index (EIX). The index will be used as the benchmark settlement price at the Kuala Lumpur Stock Exchange for the world's first over-the-counter (OTC) ethylene futures contract.
That's the sort of brand-name recognition that should be the goal of every B2B publisher.
Consider how difficult it becomes for ICIS' rivals to call themselves the dominant force in the ethylene market when the ICIS brand is attached to the commodity's price.
On the other hand, consider how easy it is for someone armed with the tools of new media to compete against ICIS in other areas.
Is there anything that could stop a standalone journalist, armed with a video camera, some b-roll and this article from producing a rival to ICIS' television service?
(FULL DISCLOSURE: It's worth noting that ICIS competitor Platts is the benchmark in the trading of some other chemicals. And it's worth noting that both Platt's and OPIS are benchmarks for some petroleum product prices. I work on a number of newsletter products for OPIS.)
tags: journalism, b2b, media, trade press, magazines, newsletters, conversational media,
entrepreneurial journalism, standalone journalism
Wednesday, July 13, 2005
A look at Red 7's past and future
There's a feature story in the Fairfield County Business Journal about Kerry Smith, founder of Red 7 Media -- the company that runs Folio magazine. The article is actually pretty lame. But that's often true of the editorial in regional business publications. I often get the feeling that the folks who run such publications are torn between acting like journalists and acting like the Chamber of Commerce.
If you've paid any attention to Kerry's career -- his time as an entrepreneur, his battles with management at Primedia, and his return to his own business -- then you know his story is a lot more interesting that this article would make it appear.
But read it anyway. There's some interesting information about Smith's plan to exert some control over controlled circulation and limit subscribers to 10,000. "Our philosophy is that since we're in niche segments, we want to make sure we're reaching the cream of the crop in terms of readers. We've tightly defined who our audience is," Smith said.
Even more interesting is the information ... albeit limited ... on Smith's next venture. Event Design magazine is set to debut in October.
If you've paid any attention to Kerry's career -- his time as an entrepreneur, his battles with management at Primedia, and his return to his own business -- then you know his story is a lot more interesting that this article would make it appear.
But read it anyway. There's some interesting information about Smith's plan to exert some control over controlled circulation and limit subscribers to 10,000. "Our philosophy is that since we're in niche segments, we want to make sure we're reaching the cream of the crop in terms of readers. We've tightly defined who our audience is," Smith said.
Even more interesting is the information ... albeit limited ... on Smith's next venture. Event Design magazine is set to debut in October.
Tuesday, July 12, 2005
Looking at the future by looking at the VNU deal
I've read a lot in recent days about VNU's $7 billion purchase of IMS Health. And truth be told, very little of what I saw in the business press interested me. The Journal, the AP, Reuters and the Times all seemed focused on the size of the deal, rather than the nature of the deal.
So I was pleased to come across this piece by John Blossom (thanks to PaidContent for pointing me toward it.) John argues that the deal is part of a larger shift by "business publishers and aggregators towards being providers of a broad array of business solutions for specific horizontal and vertical markets instead of mere folios of publications."
Try to ignore the jargon-laden writing (and there is a LOT of it in John's piece.) He's saying something of value here.
Deals such as the VNU purchase are signs of a shift in the B2B media, according to John. Ad-supported publications are in trouble, John says, because trying to control the context in which B2B content is consumed is a loser's game. In other words, although your customers may need your content, they no longer need the paper it's printed on or the Web page where it's posted.
RSS feeds and related technology have freed content from the package. RSS and similar developments have freed your customers from having to buy the car when all they need are the tires.
"This means thinking about your content as objects that can travel from place to place within various solutions and that can adapt its monetization capabilities to its context readily" John says.
There's a similar call for a post-context world in this post by Steve Gillmor (and thanks to Rex, guest blogging at ABM, for pointing me toward it.)
Steve bemoans the "the continuing slide of the trade space" and points out that new voices and new delivery methods are leaving traditional B2B publishers behind.
"...print is dead. And like print, page views are dead," Steve says.
Read both pieces. See if you agree with them, and with me, that there is simply no going back. The B2B audience has tasted power and autonomy. It has no intention of being dictated to ever again.
So I was pleased to come across this piece by John Blossom (thanks to PaidContent for pointing me toward it.) John argues that the deal is part of a larger shift by "business publishers and aggregators towards being providers of a broad array of business solutions for specific horizontal and vertical markets instead of mere folios of publications."
Try to ignore the jargon-laden writing (and there is a LOT of it in John's piece.) He's saying something of value here.
Deals such as the VNU purchase are signs of a shift in the B2B media, according to John. Ad-supported publications are in trouble, John says, because trying to control the context in which B2B content is consumed is a loser's game. In other words, although your customers may need your content, they no longer need the paper it's printed on or the Web page where it's posted.
RSS feeds and related technology have freed content from the package. RSS and similar developments have freed your customers from having to buy the car when all they need are the tires.
"This means thinking about your content as objects that can travel from place to place within various solutions and that can adapt its monetization capabilities to its context readily" John says.
There's a similar call for a post-context world in this post by Steve Gillmor (and thanks to Rex, guest blogging at ABM, for pointing me toward it.)
Steve bemoans the "the continuing slide of the trade space" and points out that new voices and new delivery methods are leaving traditional B2B publishers behind.
"...print is dead. And like print, page views are dead," Steve says.
Read both pieces. See if you agree with them, and with me, that there is simply no going back. The B2B audience has tasted power and autonomy. It has no intention of being dictated to ever again.
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