Showing posts with label Jeff Bezos. Show all posts
Showing posts with label Jeff Bezos. Show all posts

Monday, June 8, 2015

News Goes Mobile


WASHINGTON:  After years of decline, mainstream media is seeing signs of turnaround and it’s all on line, particularly mobile.  That’s a take-a-way from the World Media Congress that took place in Washington from June 1 to 3.

As any reporter still getting paid knows, the transition to digital has been brutal. In ten years the number of working journalists is down 20%, traditional media share prices fell 80% while ad revenue fell by two-thirds.

Washington Post executive editor Marty Baron says things are getting better.  New owner Jeff Bezos, says Baron, has brought, “questions, ideas, patience and money,” guiding the Post’s transition. With newly hired reporters joining veterans, Baron says its digital audience has grown dramatically to 47 million unique visitors per month, lifting the Post into the top ten digital news sites.

Larry Kramer, retiring publisher of USA Today, is similarly upbeat. He sees opportunities because “more people are reading content than ever before.” Gannett, he says, is having success integrating national and local coverage among its nearly 100 properties.

Online advertising executive, Sorosh Tavakoli sees “explosive growth” in mobile, which he believes will soon be dominant.  Video on mobile is huge, he adds, and bigger smart phone screens translate into longer views.

Dave Callaway, executive editor of USA Today, says mobile users want accurate news quickly and often. “What do we know right now?” Callaway says social is the key to mobile and “digital changes how we tell stories.”

From Brazil Marta Gleich of Zero Hora—with a string of newspapers and TV stations—emphasized productivity. Every newsroom, she said, is given a daily quota of stories and videos.  Journalists are judged on a skills map evaluating competence, story telling, facility with mobile and social, video shooting and editing,

Digital allows writers and editors to know the number of clicks and time spent on each story. The US edition of the UK’s Guardian, now among the top ten sites, uses a heat map ranking the popularity of each story on the home page. “Traffic,” says its US C.E.O Eamonn Store, “drives revenue,” and he expects the US edition to be profitable in three years.

 Journalists are encouraged to promote their stories and begin the conversation with readers.

As 1/3 of US adults consume news on mobile, it’s not a surprise that Facebook and Snapchat have launched partnerships opening their sites to content from publishers.

Facebook has a trial project with nine entities, including the New York Times, BBC, Atlantic and the German sites Spiegel and Bild.  Snapchat’s Discover is a partnership with 12 publishers, including CNN, Yahoo News, National Geographic, and ESPN.

The picture sharing site’s head of media Nick Bell describes Snapchat Discover as a continuous vertical scroll,  “a fun and easy way to explore the day’s stories.”  


Snapchat’s Nick Bell demonstrating the ‘continuous scroll’ of Discover

One presenter attribute the explosive growth of news on mobile to the 700 million iPhones Apple has sold in seven years, including 20 million iPhone 6s.

The World Media Congress drew 1,000 editors and publishers from 80 countries. 



Tuesday, March 25, 2014

Kindle and the Rise of E-Books

In a late February talk in Washington, HarperCollins chief executive Brian Murray declared that Amazon.com seeks to put publishers out of business. “No-one,” he said, “has yet discovered how to compete with Amazon.” He regards Amazon as more powerful than Walmart.

Amazon’s Kindle that was unveiled in 2007, said Murray, triggered the explosive growth of ebooks, which now comprise 20% of all books sold in the United States. At Harper Collins, number two of the big-five publishers, the percentage is an even higher 50% of sales. Three quarters of all ebooks in the United States are in the Kindle format. “Everyone,” said Murray, “underestimated the speed at which ebooks would be accepted.”

The digital shift, said Murray, is pervasive, impacting every facet of the journey from author to reader. It means that anyone can be published. “For authors,” said Murray, “there are more opportunities now than ever before.” However, printers and retailers are collapsing.  Forty-two percent of book sales are online.

Significantly, publishers are coping. After several years of slow or no growth HarperCollins is publishing more books than ever, some 3,500 last year or 15 titles each day. The transformation of retailing has cut down on returns and thus boosted profits. In the pre-Amazon days 50% of books went unsold and came back to the publishers. Books—both printed and digital—comprise a $25 billion industry.

Murray’s message was that unlike music the publishing industry is figuring out how to compete and survive.  He pays tribute to Amazon, saying it is amazing that anywhere in the world a reader can order a book and have it delivered to his Kindle in seconds.

In his biography of Amazon founder Jeff Bezos (The Everything Store—Jeff Bezos and the Age of Amazon), Brad Stone says it was the success of Apple’s iPod that led to the Kindle. Released by Steve Jobs in 2003 along with the iTunes music store, they had the effect of destroying the traditional music business.  Realizing that, Bezos launched Lab 126, a secret mission to reinvent the clunky ebook readers, which had been around in primitive form since the late 1990s.  Bezos, argues Stone, understood that he had to destroy the old way of running Amazon in order to control the ebook business, just as Apple had reshaped music.  In effect, the iPod made the Kindle.