BusinessWeekOnline launches blogspotting.
One more idea. Think of TiVo, (TIVO ) think of the iPod. When you’re using one of them, do you consider the company that provides the programming? CBS, for example? Not much. You’re putting together your own package. The pieces come from lots of companies and artists. Often you don’t even know where.
Aggregators do the same job for the Net. So, just like the record companies, which have figured out how to market bits and pieces of their albums as standalone songs and ringtones, the rest of the media and entertainment world is going to have to think small. Content, whether it’s news or a Hollywood movie, is going to travel in bite-size nuggets. The challenge, for bloggers and giants alike, is to brand those nuggets and devise ways to sell them or wrap them in advertising.
Take a look at blog advertising today, and it’s hard to see a glittering future. Sure, enterprising bloggers make room on their pages for Google-generated ads, known as AdSense, and earn some pocket change. Some blog entrepreneurs, such as Nick Denton, publisher of New York’s Gawker Media, sell ads for everything from Nike to Absolut Vodka (FO ). Popular blogs can land sponsorship deals for as much as $25,000 per month, say consultants. O.K. money for an entrepreneur, but a rounding error in the ad industry.
Still, blogs could end up providing the perfect response to mass media’s core concern: the splintering of its audience. Advertisers desperate to reach us need to tap niches (because we get together only once a year to watch the Super Bowl). By piggybacking on blogs, they can start working that vast blogocaf�, table by table. Smart ones will get feedback, links to individuals — and their friends. That’s every marketer’s dream.
Dan Gillmor, who quit his San Jose newspaper job, is lining up investors for a new type of media company, Grassroots Media. He’s interested in elements of an online journalism business in Korea, called OhmyNews. It mingles articles from 50 staff journalists with reports e-mailed and text-messaged in from thousands of citizen reporters. OhmyNews says it has been profitable for a year and a half and expects revenue this year of $10 million. “I keep hoping that all of the new conversational forms will augment the existing one,” Gillmor says
Think of the way we produce stories here. It’s a closed process. We come up with an idea. We read, we discuss in-house, and then we interview all sorts of experts and take their pictures. We urge them not to spill the beans about what we’re working on. It’s a secret. Finally, we write. Then the story goes through lots and lots of editing. And when the proofreaders have had their last look, someone presses the button and we launch a finished product on the world.
If this were a real blog, we probably would have posted our story pitch on Day One, before we did any reporting. In the blog world, a host of experts (including many of the same ones we called for this story) would weigh in, telling us what’s wrong, what we’re overlooking. In many ways, it’s a similar editorial process. But it takes place in the open. It’s a discussion.