Oh, how the info rolls in. Note: Pointers to all of these came via tweets or Facebook. I haven’t even hit the feedreader yet today. The times they keep achangin’.
I missed this in the wake of the holiday weekend: the share price for CanWest, one of Canada’s meg-media companies and a major owner of newspapers, jumped 12 per cent. The reason? Speculation that the company is considering taking itself private.
According to Reuters:
Citing “people familiar with the situation,” the Globe and Mail newspaper reported on Saturday that Canwest had pitched the idea of a go-private deal to Fairfax, which owns almost 19 percent of Canwest’s shares. The paper said no deal was imminent and that a privatization may not materialize.
Canwest spokesman John Douglas declined to comment on Tuesday but characterized the report as “pure speculation.
Prices hit $2.25 a share and remain up today, at $2.30 a share, although they’ve drifted down from the day’s high of $2.37. They are still well off the 52-week high of $8.28 a share, and the graph of their share prices over the past year looks like a slope in the Rockies.
...I listened to a semi-interesting local radio interview this morning - Is the newspaper a dying medium? - on CKNW, featuring guest Jonathan Kay of the National Post. (The half-hour piece was based on Kay’s column, You’ll miss us when we’re gone.)
Kay’s piece is a good one, and well worth reading right to his conclusion:
Will I be here in a year, or five, or 10, still lecturing you on the importance of my industry? Or will I be taking your burger order through a staticy speaker? I don’t know. But I can promise you one thing: If print scribes do go the way of buggy-whip makers, the marketplace of ideas is going to be more superficial and unedifying than it already is.
This isn’t a curmudgeon at work, it is someone who genuinely fears of the loss of revenue that funds in-depth, interesting and important journalism, revenue which hasn’t be replaced despite a number of worthwhile attempts.
As I said, the interview was only mildly interesting (you can’t do much depth with a half-hour punctuated by traffic reports and ads). Kay did say - and this is partially paraphrased - that he thinks there are too many newspapers in Canada and “we’re obviously going to see a big shakeout,” with the resulting loss of journalism jobs. Newspapers, he added, are going to have to find micromarkets, based on politics or geography.
More interesting were the three callers who got through during the show and their reasons for reading newspapers. (Note: I know three callers to an 8:30 a.m. call-in show don’t mean much.)
The first
...In the continuing quest to get my open browser windows down to one:
I somehow doubt that those who fought to entrench the right to free expression in various charters and declarations of rights and independence envisioned a major media company claiming that right is violated when drug companies can’t advertise directly to consumers in Canada. (Fourth graf in linked story.)
What message is sent when this becomes CanWest’s fight and not the fight of the drug companies?
TAGS:
ADVERTISING, MEDIA, RIGHTS
Currently playing in iTunes: Ke Aka O Ka Li‘ula by Kaumakaiwa Kanaka‘ole
Plucked from the avalanche of information and opinion that is the internet:
David Vinjamuri teaches at New York University and is president of Third Way Brand Trainers, a marketing training company whose clients include American Express, Starwood Hotels and other leading consumer brands. David formerly was a brand manager at Johnson & Johnson and Coca Cola. Here we discuss David's new book, Accidental Branding, and what it means for radio.
What follows is a brief transcript of our conversation. Click below to hear the entire chat.
MP3 File
David, what is an “accidental brand,” and if it’s accidental, how do you create
Just three or four years ago, when I had just published my “business” book Get Back in the Box, most organizations still thought of the Internet as a distraction from their core competency. They saw interactive media as a marketing opportunity, and little more. At the time, I could only conclude that on some level businesspeople understood that engaging with the Internet in any real way would force an openness for which they were still unprepared. Competency on the American business landscape is down; any form of transparency would just expose the dearth of expertise at the company’s core. Most real processes had already been outsourced to the lowest bidder, so the only way companies had of distinguishing themselves was marketing.
Outsourcing scandals, economic tightening, a long hard war, and a declining currency have forced everyone to reconsider this strategy. Though the shift has been motivated by tough times, I’ve been glad to see so many companies, organizations, and even political campaigns attempting to embrace the “real” Internet and cultures making it up. Instead of just buying banner ads or conducting new forms of computerized market research, many of these players are coming to understand that the Internet is a social phenomenon - not a content revolution - and that it offers the opportunity to connect to a real culture and its most competent members in a real way.
At the same time, most of them either fail to recognize the full impact that an Internet community can have on their ethos and operations, or they do recognize it and fear it. That’s understandable. When the Obama campaign says it’s here to listen and enact the will of its constituency (”we are the change”), they get a constituency prepared to have its will enacted. This is a great thing, but it also
...Starting the week with these:
Because this is how we old folks send our Saturday nights. Longer blogging posts coming soon, I promise.
I intended to do some blogging last night but instead got caught up in watching the 55-minute video An anthropological introduction to YouTube, a presentation by Dr. Michael Wesch of Kansas State University. I highly recommend it, both for the entertainment value and the thoughts it provokes.
On to squibbing, drawing on open browser windows from the past few days. I may have more later today.
From the newsreader over the past couple of days, with the possibility of a second round later today. (Apparently having more than 60 browser tabs open at the same time will slow your computer drastically. Who knew?)
The local CBC has produced a Google map of homicides in the metro Vancouver area that’s worth a glance.
Each of the plotted points has a brief story about the killing - some with images - and links to CBC coverage. It’s also a reassuring reality check: in an area with a population of more than two million, there have been only 36 homicides so far this year.
More could have been done with it. Right now, the “pins” come in only two colours (red for the most recent slaying and green for everything else). The stats could be broken done further: perhaps a separate colour for cases where there has been a suspect charged, or different markers for categories of homicides (gang-related, etc.).
The use of Google maps as the base for storytelling isn’t new. In fact, it’s the type of thing that, by now, should be a no-brainer for local media: a standing feature that’s easy to produce and update. Despite that, the fact this caught me eye shows how unusual such storytelling is in the local media.
Matter of fact, the use of maps is inexplicably rare, given how easy they are to produce. The lede story at the Vancouver Sun website right now is about a landslide that has cut the highway between Vancouver and Whistler. No locator map.
Update: Turns out there is a Google map showing the location of the slide. It comes not from legacy media, but from blogger Robert Ballantyne. C’mon newspapers, if a blogger can do
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