Corante Media

"Why Local Radio is No Longer Local"

Corante Media Hub - 11 hours 32 min ago
 Here's a piece I was interviewed for in a local San Diego paper, The Reader, that is a fairly well-balanced take on the local/non-local issue.Check it out.

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Radio's Challenge for 2009

Corante Media Hub - 11 hours 37 min ago
From MediaPost:The problem: auto, financial, retail and real-estate businesses that generate more than half of local media advertising revenues will not recover anytime soon. Some are never coming back. The number of retail store closures in 2009 could exceed last year's 148,000 closures, due mostly to major chains filing for--or trying to avoid-- bankruptcy. Small local businesses are especially under pressure. As many as 3,800 local auto dealerships risk collapse from dwindling sales and credit. The consolidation of investment banks will continue across regional banks. Real estate values and sales will continue to fall. Federal recapitalization, which could boost the deficit to $4 trillion, will occur at the top of the food chain. The solution: TV, radio stations and newspapers must work more closely with communities and merchants to strengthen local economies. Their survival depends upon on their effective use of digital interactivity. Job one is to connect local consumers with goods and services of choice using location-based marketing on cell phones and Web sites. With thrift the new norm, marketers ranging from Procter & Gamble to Liz Claiborne have learned to monetize the coupon comeback.What we are going to witness in 2009 is the diminished importance of how large your audience is and the increasing importance of how effectively you connect that audience, whatever its size, with the advertisers and marketers who have the goods and services that audience craves.Ironically, just as PPM is coming into widespread use the importance of this (or any) type of head-counting is diminishing.  "Digital interactivity" doesn't mean banner ads or streaming ad inserts.  It means using digital tools to give the people with the power - your audience - what they want the way they want it.Surely, there will always be a need to reach lots of people via the type of shorthand mass media specialize in.  But this deep recession is moving other priorities to the head of the table.Every radio station ...

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Lee Enterprises: A poster child for the ownership crisis

Corante Media Hub - 13 hours 6 min ago
Newspapers face three different, but interrelated, economic challenges. One is the technology-driven restructuring of the news business, in which the Internet is a major force that is disintegrating the traditional product model. That's a very real long-term process. It's not the biggest immediate source of trouble, but it's a factor. Two is an acute cyclical global economic crisis, brought about by widespread criminal practices in the U.S. mortgage-banking industry, which has knocked the legs out from under the traditional sources of advertising revenue: car dealers, real estate agents, businesses seeking to hire employees, and retailers seeking foot traffic in local stores. When your customers hurt, so do you. Three is an ownership crisis that combines with the first two to set us up for disaster in 2009. Owners -- corporations, entrepreneurs -- borrowed heavily back in the days when banks were passing out cash like candy at a Christmas parade. They borrowed not to build toward an Internet future (which they should have done), but rather to grab more of the past by taking over other newspaper companies. And they borrowed against assumptions of obese profit margins that have been snatched away by points one and two. If you don't understand the ownership crisis, Alan Mutter has a detailed explanation in the form of an analysis of Lee Enterprises, which is the poster child for this particular form of woe. He writes: While Lee is in a distinctly unpleasant position with respect to its shareholders and lenders, it is important to note that the business generated $207.2 million in operating profits last year on sales of a bit more than $1 billion. Its operating margin of 20.1% surpasses that of Exxon Mobil Corp., which generated a 19.1% margin in the last 12 months. And Lee’s profitability positively blows away Wal-Mart, the largest Fortune 500 company, whose margins were only 7.4% in the prior 12 months. What? Lee Enterprises is profitable? Yes, it is -- until you count ...

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Life Incorporated: The Course

Corante Media Hub - January 4, 2009 - 12:03pm

I’m teaching an online course, Life Incorporated, through the MaybeLogic Academy beginning January 12, for six weeks.

“Students” will get a working draft of the book (to be published in June) as well as six weeks of discussion and interrogation of the issues within and beyond it. I’ll be doing some live video lectures, as well, and inviting participants to help devise ways of restoring bottom-up commerce and social exchange to a world that seems incapable of abandoning its faulty, top-down, disconnected way of extracting value from people.

But the bulk of the exploration will be history, economics and social theory: How did corporatism become the dominant cultural ideology and operating system, who did it benefit, how did we internalize it, and what keeps it running?

Here’s a description from the catalog. If you are interested in taking the course but just don’t have any money, let me know and I’ll see if I can subsidize your participation.

Something has gone terribly wrong.

Unquestionably but seemingly inexplicably, we have come to live in a world where the market has insinuated itself into every area of our lives. From erection to conception, school admission to finding a spouse, there are products and professionals to fill in where family and community have failed us. Commercials entreat us to think and care for ourselves, but to do so by choosing a corporation through which to

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Saturday squibs

Corante Media Hub - January 3, 2009 - 1:33pm

A few more interesting things, as I attempt to clear all those open browser windows:

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CanWest stock update

Corante Media Hub - January 2, 2009 - 11:24pm

If I were smarter, I would have bought CanWest stock a couple of weeks back when it was 34 cents a share. It ended last year, and started this one, strong, closing today at 91 cents after briefly flirting with $1.

The stock has been on a steady climb over the past 10 days or so, but average trading volume has been relatively low.

As always, I have no idea what’s going on.

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Friday squibs

Corante Media Hub - January 2, 2009 - 10:37pm

I have collected far too many links for a single post, so I may spread them out over the weekend.

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Something’s happening here

Corante Media Hub - January 2, 2009 - 6:37pm

Over the last several days, I’ve come across these headlines in the feedreader.

One More Newspaper Gives Up the Ghost: Spanish Language Hoy New York Goes Web-Only

Kansan going online-only starting Jan. 10

AsiaWeek kills print edition: A growing trend?

Three related bits of news do not a trend make. Or do they?

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Students first

Corante Media Hub - January 2, 2009 - 3:26pm

A note: One of my students who’s is on Twitter (@sarahsodyssey) was responsible for me finding Suzanna Yada’s Resolutions for journalism students, part I: Become invaluable, the essential post I mentioned earlier today.

That’s a Twitter first for me: my students are starting to beat me to the good stuff.

Now I know what a proud dad feels like.

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Looking for good news

Corante Media Hub - January 2, 2009 - 12:24pm
Jeff Jarvis has started a good conversation with a post titled " Bad news, good news " at Buzzmachine. In response to a comment that "The problem with the Good News is that newspapers can’t translate an equal online readership into the same revenue as in print," I posted the note below, which cites the frequency-of-usage failure that I've mentioned on many previous occasions. Once again, I'm concerned that journalists just don't understand their role in creating or solving the underlying problem. I have to differ with Dan Thornton. There is no equivalency in the online readership. If there were, we might actually see equivalency in revenue. The unique-user number is inflated BS calculated from counting cookies from a wandering global audience. It’s primarily useful for spreading fog at senior management meetings and issuing chest-beating and ultimately misleading press releases about how newspapers are extending their audience reach online. It should never be compared to in-market commercially relevant print readership data. The true number of in-market users who consume pages with enough frequency to be affected by an advertising campaign is distressingly low. At the core, it’s not an advertising problem. Local businesses still need to reach potential local customers, and they’re willing (although certainly not eager) to pay for results. It’s primarily a failure to attract and retain a commercially relevant audience that’s breaking the newspaper business model. That points the arrow back at the people who create the content. The 20th century content model isn’t working any more, regardless of whether it’s in print or beamed directly into your cerebral cortex by a modified laser beam. If I were looking for good news, I’d be looking at the transition that many companies are making from single-product strategy to a portfolio/aggregation strategy. I’d be looking at the newspapers that are beginning to figure out behavioral targeting in a network context. I’d be looking for new ...

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Time Almost Up: Help Us Win Best Podcast

Corante Media Hub - January 1, 2009 - 11:01am
Voting ends tomorrow, Jan. 2, for best legal podcast in the ABA Journal Blawg 100. Our podcast, Lawyer2Lawyer, was in the lead, but has fallen into second place in these waning hours, behind the LexisNexis Legal News and Litigation Report. Voting is easy -- all you have to do is click on a box. Do it today (or tomorrow) and forward this on to your friends.

Vote here.

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Monday squibs

Corante Media Hub - December 29, 2008 - 1:51pm

A few things for your reading pleasure:

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Will Automaker Financial Gloom be a Gift for Radio?

Corante Media Hub - December 29, 2008 - 12:49pm
It should be.That's what a new report from BIGresearch says (reported by MediaPost).According to a recent analysis of BIGresearch's SIMM database by Prosper Technologies, wide gaps exist between how ad dollars have been spent versus what consumers say works best when it comes to buying a car. The Prosper analysis and media allocation model utilizes the SIMM Survey of 17,231 consumers to determine "what" and "which" media forms are most influential to consumers for buying a car, the consumption of the media, and pricing of various measured media. Automotive Ad Spend vs. Prosper Media Allocation Model  (% of Total U.S. Advertising Spend in 2007) General Motors Spend ShareFord Spend ShareChrysler Spend ShareProsper Allocation ModelMagazines 12.4%11.9%10.5% 15.6%Newspaper5.0%5.2%6.9%6.2%Outdoor1.5% 0.7%0.5%14.6%TV 39.1%38.9%43.2%17.3%Radio 3.5% 2.3%1.9%21.5%Internet 7.0%6.5%  3.0%8.5%Other 31.5% 34.5%34.0%16.3%Source: Ad Age Domestic Ad Spending by Category (2007)/Measured media from TNS Media Intelligence's Strategy, Prosper Media Allocation Model So here's the key part: The report concludes that the amount of radio consumed, its influence to purchase, combined with lower costs makes it a stronger media option for automakers, which, according to consumers, is under-utilized. Consumers - not broadcasters - say radio is far more influential to their auto purchase decisions than the automakers themselves believe.Can you sell that, Radio?Happy New Year.

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Capturing the crowd

Corante Media Hub - December 28, 2008 - 11:05pm

Twitter screenshot

I have no idea whether the Sun has had any response to this tweet yet, but it really is great to see the local daily using the ‘net to build its journalism.

Image isn’t great: needed to do a lot of sharpening to ensure that it’s readable.

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Saturday squibs

Corante Media Hub - December 27, 2008 - 7:16pm

Back to media blogging after a holiday rest, and I have some catching up to do. A reminder: I post some interesting links throughout the day on Twitter. They’ll show up on the sidebar of the home page or you can follow me.

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Rare Vancouver sight

Corante Media Hub - December 26, 2008 - 7:18pm

A rare sight in Vancouver: shovelling knee-deep snow to get the vehicle out.

And still falls the snow.

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Merry Christmas, all (update)

Corante Media Hub - December 24, 2008 - 6:28pm

Download audio file (silent_night2.mp3)

A little, light music, put together by overdubbing two guitar tracks and a violin track in Garage Band, using the built-in mic in my MacBook. Update: A new version, this time with Laura Blumenthal on santouri.

A note for music fans: The amateurish violin part, mistakes and all, was my fifth take. I finally realized, at this point in learning the instrument, that’s what I sound like.

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Monday in the snow

Corante Media Hub - December 23, 2008 - 2:20am

I haven’t finished my photo edit from today’s shooting, but these are three I particularly like. The bottom one is my favourite so far. (Note: I haven’t done any manipulation to any of these yet: they are straight out of the camera.)

Downtown Vancouver against the North Shore mountains.

In the small park between Granville and Fir, north of Fourth Avenue.

Sunlight on snow, with the footings of the Granville Street Bridge in the background.

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Monday squibs

Corante Media Hub - December 23, 2008 - 1:40am

No holiday slowdown in the mediasphere.

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Sorry about that

Corante Media Hub - December 23, 2008 - 1:36am

While I was out fighting through the slush today, someone left a particularly nasty, hateful comment on my recent post about the last gasp of the curmudgeons.

As soon as I saw it, I deleted it from the site. If you were subjected to the nastiness for the short time it was here, I apologize.

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