Top-Rated Links

[Items from our media criticism feeds that users have rated up]

David Kaplan
Jul 30, 2010 5:35am

Audio Billionaire Leads The Pack In Bid For Newsweek

In its attempts to find a buyer for Newsweek, The Washington Post Company (NYSE: WPO) has been said to have hardly given a thought to bids from entities considered too conservative or too tawdry, but it looks like an offer to buy the magazine from an audio equipment impresario appears to be striking the right chords, the NYT reports, citing unidentified sources. So far, WaPo has reportedly rejected bids for Newsweek from the right-leaning Newsmax Media—too ideological—and from Avenue Capital Group—too entwined with The National Enquirer. But there are three candidates that are being taken seriously: Fred Drasner, previously a partial owner of the Washington Redskins and a publisher of The New York Daily News; hedge fund owner Marc Lasry; and 91-year-old hi-fi pioneer Sidney Harman. According to the NYT, Harman, the husband of Democratic Congresswoman Jane Harman, has the most appealing offer to WaPo Chairman Donald Graham because he has stated his willingness to keep 250 of the 325 Newsweek employees on staff. As for the bid, Harman is offering $1 and the acceptance of Newsweek’s liabilities, which are estimated to be about $70 million. Related Newsweek Now Has At Least Three Official Suitors Newsweek Sale Book: First Bids Due By June 2; Complete Financials Haim Saban—And 70 Others—Consider Bidding For Newsweek Don Graham On Newsweek: 'We'll Get A Buyer' Car Digital Media Firm PhatNoise Sold To Harman
Rate:
0
paulgillin
Jul 30, 2010 5:12am

Tools to Empower a New Kind of Journalism

Adapted from an earlier post on paulgillin.com.
All of a sudden, “curation” is one of the hottest words in the Web 2.0 world. That’s because it’s an idea that addresses a problem humans have never confronted before: too much information. In the process, it’s creating some compelling new ways to derive value from content.
Amount of data published in 2010 depicted as iPads stacked on the playing field of Wembly Stadium
Content curation is about filtering the stuff that people really need from out of all the noise around it. In the same way that museum curators choose which items from a collection to put on display, content curators select and publish information that’s of interest to a particular audience.
This function is becoming more and more critical as the volume of information on the Internet explodes. It’s projected that the amount of digital information that will be created in 2010 could fill 75 billion 16 GB Apple iPads (fun infographic here). Yet, as influencer relations expert Katie Paine points out, 90% of it is crap. As more and more crappy content pervades the Internet, the value of curation should grow.
The problem is that curation is labor-intensive. Someone has to sift through all that source information to decide what to keep and what to throw away, and human decision-making isn’t easy to automate. Keyword filtering has all kinds of shortcomings and RSS feeds, while useful in many contexts, are basically headline services.
We’ve recently been working with a startup that’s developed an innovative technology that vastly improves the speed and quality of content curation. CIThread has spent the last 15 months building an inference engine that uses artificial intelligence principles to give curators a kind of intelligent assistant. The company is attacking the labor problem by making curators (or you can call them “editors”) more productive rather than trying to replace them.
Full disclosure: We have received a small equity stake and a referral incentive from CIThread as compensation for our advice. Other than that, the pay has amounted to a couple of free lunches. We make no money unless this idea is as good as we think it is.
CIThread (the name stands for “Collective Intelligence Threading” and yeah, they know they have to change it) essentially learns from choices that an editor or curator makes and applies that learning to delivering better source material.
The curator starts by presenting the engine with a basic set of keywords. CIThread scours the Web for relevant content, much like a search engine does. Then the curator combs through the results to make decisions about what to publish, what to promote and what to throw away.
As those decisions are made, the engine analyzes the content to identify patterns. It then applies that insight to delivering a better quality of source content. In effect, it learns to “think” like the curator. CIThread can be linked to popular content management systems to make it possible to automatically publish content to a website and even syndicate to Twitter and Facebook without leaving the curation dashboard.
That’s what happens on the back end, but there’s intelligence on the audience side, too. CIThread can also tie in to Web analytics engines to fold audience behavior into its decision-making. For example, the curator can set the engine to overweight content that generates a lot of views or clicks into its decisions and to deliver more source material just like it to the curator. All of these factors can be controlled via a dashboard.
Shhhhh!
CIThread is still pretty early stage. It has some  test customers, but none can yet be identified. Here’s a general description of what one of them is doing, though.
This company owns a portfolio of properties throughout the US and uses localized websites as both a marketing and customer service tool. Each site contains frequently updated news about the region, but the portfolio is administered centrally for cost and quality reasons.
Using CIThread, individual editors can now maintain literally dozens of these websites at once. The more the engine learns about their preferences, the more sites they can support. That’s one of the coolest features of inference engines: they get smarter the more they’re used.
The technical brain behind CIThread is Mike Matchett, an MIT-educated developer with a background in computational linguistics and machine learning. The CEO is Tom Riddle (no relation to Lord Voldemort), a serial entrepreneur with a background in data communications, storage and enterprise software.
The two founders started out targeting professional publishers, and that’s a pretty safe bet. But we think the opportunity is much bigger. Nearly any company or organization today can develop unique value for its constituents by delivering curated content. Using tools like CIThread, they can do it more quickly and productively than by training humans. They can also capture the knowledge of their editors so that experience doesn’t walk out the door due to resignation or layoff.
If you want to hear more, e-mail curious@cithread.com or visit the website.
Since we first wrote this, a couple of other tools have come to our attention that attack this same curation task. Curata has an engine that scours the Web for content and auto-posts it to blogs and social network sites. The company has a shipping product and real customers. Curata is positioning its service as more of a lead generation tool than an editorial productivity aid. See the two-minute video below.
CurationStation looks a lot like Curata. It’s a low-cost service that filters content based upon keywords and publishes automatically to multiple destinations. The $2.99 signup incentive is attractive, but set a reminder on your calendar, because it turns into a $279 monthly fee after the first 30 days. If anyone has experience with either of these products, or is aware of other solutions, please comment.

Rate:
0
Chris Roush
Jul 30, 2010 5:11am

LexisNexis owner backs banks in dispute over stock recommendations

Publishing company Reed Elsevier, which owns LexisNexis, is asking a federal appeals court to uphold a finding that TheFlyOnTheWall.com misappropriates banks’ ‘hot news’ by reposting their stock recommendations.
Wendy Davis of MediaPost writes, “Reed Elsevier says in a recent court filing that it could face ‘devastating economic effects’ if it lost the ability to prevent other publishers from summarizing its time-sensitive material. The company runs news services like The Pink Sheet Daily, which offers updated news about the biopharmaceutical industry, and ICIS.com, a news service about the chemical industry. It also owns the LexisNexis databases.
“‘Reed Elsevier has invested and continues to invest billions of dollars in the collection, organization, and verification of the information provided through these services in print, email, and via the internet,’ the company says in its legal papers, adding that laws preventing misappropriation prevent ‘economically destructive conduct by those who wish to reap where they have not sown.’
“The current legal debate about hot news stems from a lawsuit by Barclays, Bank of America’s Merrill Lynch and Morgan Stanley, alleging that the site TheFlyOnTheWall.com unlawfully posted summaries of the banks’ time-sensitive research before their clients received the information.”
Read more here. The Associated Press, the parent company of American City Business Journals, the New York Times Co. and other media companies have also filed an amicus brief in the case.

Rate:
0
David Kaplan
Jul 30, 2010 5:09am

The Morning Lowdown 07.30.10

»  The Washington Post Co. (NYSE: WPO) is desperate to unload Newsweek magazine—but not desperate enough sell to Avenue Capital Group because of worries related to the hedge fund’s plans to partner with the publisher of the National Enquirer. [WSJ] »  Spotify is trying to restart its talks with U.S. record labels after some—most loudly, Warner Bros. (NYSE: TWX)—expressed displeasure with the UK’s music service’s “freemium” model—have expressed complaints. [BillboardBiz] »  Virgin Media (NSDQ: VMED) is planning TiVo (NSDQ: TIVO) web apps beside online, mobile VOD [paidContent] »  Take note, startup slaves: Staffers who stuck around three years after New Media Strategies was acquired by Meredith Corp. (NYSE: MDP) are being handed checks valued between $80,000 and $105,000 this week, thanks to a stock pool set up by CEO Pete Snyder and fellow founders to reward those who helped it meet its earn out targets. [AdAge] »  Amazon’s Jeff Bezos predicts Kindle e-book sales “will surpass paperback sales sometime in the next nine to 12 months.” [USAT] »  Reed Elsevier (NYSE: RUK) is asking a federal appeals court to uphold a finding that TheFlyOnTheWall.com misappropriates banks’ “hot news” by reposting their stock recommendations. [Mediapost] »  About.com is looking to enter the b2b space. [Webnewser]
Rate:
0
Craig Silverman
Jul 30, 2010 5:00am

Respect for the dead

IN the Argus of March 24th, we reported on the fatal shooting of Seamus McMahon in an apartment in Bothar Chrionn, Saltown. We said that he had parked his 2010 registered car outside the apartment and that the new car was a clue to the fact that although officially listed as unemployed, he had other sources of income. We now understand that the new car actually belonged to his mother, Kathleen, who had bought and paid for it on her own behalf, and we are happy to clarify the matter. Link

Rate:
0
Craig Silverman
Jul 30, 2010 5:00am

Bad for business

In a story July 27 about Thermo Fisher Scientific Inc., The Associated Press, relying on a preliminary transcript from StreetEvents.com, erroneously reported a quote by President and CEO Marc Casper. Casper’s correct quote: “We are especially pleased with our organic growth results given the head winds of a weak flu season and the Biosite contract transition, which together lowered our organic growth by over a percentage point in the quarter.” He did not say “especially concerned” or use the word “bioscience” in his comment. Link

Rate:
0
Jim Romenesko
Jul 30, 2010 4:59am

Stars and Stripes says WikiLeaks peddled old news

Editor and Publisher "We didn't pursue the WikiLeaks wares because we didn't see much new or particularly revelatory that we and many others haven't already been reporting for months," writes Stars and Stripes senior managing editor Howard Witt.

Rate:
0
Chris Roush
Jul 30, 2010 4:59am

Police forced to apologize to Chinese business reporter

Chinese police who put a business reporter on the country’s most wanted list for writing critically about a company have been forced to apologize to the journalist.
Loretta Chao of The Wall Street Journal writes, “Qiu Ziming, a reporter for the Economic Observer, wrote a series of articles for the newspaper starting last month that accused managers at Zhejiang Kan Specialty Material Co., a Shenzhen-listed paper manufacturer, of illegal activities including insider trading and embezzlement. On July 23, police in Suichang County, where Kan Specialty Material is located, added Mr. Qiu to a list of wanted criminals for ‘damaging a company’s business reputation.’ Mr. Qiu and his family went into hiding to avoid being detained, according to a person familiar with the matter.
“The police move prompted widespread criticism, as word of the affair spread over the Internet through Twitter-like microblogging services that are becoming increasingly popular in China. Then, on Thursday afternoon, the public security bureau in Lishui City, which oversees Suichang County, issued a notice on its website announcing that the Suichang authorities would be required to apologize and to remove Mr. Qiu from the list because the detention order didn’t meet legal requirements.
“Kan Specialty Material has steadfastly denied wrongdoing, and the merits of Mr. Qiu’s accusations couldn’t be independently confirmed. Mr. Qiu couldn’t be reached for comment.”
Read more here. Read the Economic Observer’s account of what Qiu wrote here.

Rate:
0
Peter Kafka
Jul 30, 2010 4:47am

The Spotify Song Has a Familiar Chorus: US Launch Talks Back to "Square One"

When will Spotify, the best music service Americans can’t use, finally make it to the U.S? No time soon, according to a new report from Billboard. The trade magazine says the much-hyped service has gone “back to square one” in its negotiations with the big music labels, who have licensed their catalogs for a European version but not a stateside one. Billboard also cites sources suggesting that Spotify still hopes for a US launch this year. But Spotify has been hoping for/promising a US launch for so long that there’s a Tumblr site dedicated to cataloging those unfulfilled aspirations. It’s called Not-ify. What gives? Ask around and you’ll hear two different theories about the holdup. They’re not mutually exclusive: Spotify wants to replicate the model they have in Europe, where users can listen for free, then pay for upgrades like mobile and/or ad-free access. But the labels are no longer interested in supporting free streaming sites: Now that LaLa and Imeem have gone away, the only free on-demand service in the U.S. is News Corp.’s MySpace Music, and they don’t seem that enthusiastic about that one. Spotify has raised a big pile of money from VCs, and the labels are demanding a big chunk of that for themselves. I’m also not clear whether the holdup is with all the labels, or just some of them. Sources close to Spotify have hinted to me in the past that the company has had deals in place with some of the big four music labels for some time, but was waiting to lock up at least three of them before launching. Then again, those same sources suggest that Spotify is willing to avoid the US altogether if it can’t get the deal it wants. Choose the story you like, I guess. Meanwhile, if you’re itching to subscribe to a music service that lets you listen to all the music you want, without ads and on your PC and on mobile devices like Google’s Android (GOOG) handsets and Apple’s iPhone (AAPL), you’re in luck! There are plenty of options. Go ahead and try any of the following, which offer more or less the same stuff, at the same $10 a month price point: Rhapsody MOG Rdio (still in beta) Thumbplay $10 a month too much? OK. Best Buy’s Napster (BBY) offers an ad-free, all-you-can-eat service, without mobile accesss for $5 a month. Meanwhile MySpace Music, which is co-owned by News Corp. (NWS) and the labels themselves, remains free and ad-supported. And the company’s line is that will remain so (thought it doesn’t rule out a paid option).
Rate:
0
davidw
Jul 30, 2010 4:46am

Jokes and copyright

There’s a nice write up by Nate Anderson at Ars Technica about a chapter (download it here) in the forthcoming book The Making and Unmaking of Intellectual Property. The chapter is about how norms rather than copyright regulate the pilfering of jokes by comedians from other comedians, and the effects those norms have on the content of comedy. The authors (Dotan Oliar and Christopher Jon Sprigman — ironically, the Ars Technica article forgets to mention their names) maintain that once the norms against stealing jokes kicked in, comedy became less about everyone telling the same jokes but in unique performance styles, and more about differentiated material. Norms were sufficient to spur innovation: “Comedians today invest in new, original, and personal content. The medium is no longer focused on reworking of preexisting genres like marriage jokes, ethnic jokes, or knock-knock jokes.”
Encouraged to develop unique materials, comedians have turned to the micro-topics typical of observational humor (“Don’t you hate it when you split an Oreo and there’s just a little bit of filling left on one side?”), and to up-to-the-minute topical jokes. One of the 19 comedians the author interviewed says the rise of norms also led him to write longer jokes, because it’s easier to tell when they’re stolen. It’s also affected the style: since comedians are differentiated mainly (of course not always) by the content of their jokes, their performance style has become an undifferentiated standing in front of a mic.
The authors conclude, among other things, that “norms economize on enforcement costs and appear to maintain a healthy level of incentives to create alongside a greater diversity in the kinds of humor produced.”

Rate:
0