Friday, May 28

Newspaper Revs Drop 9.7%

If the first quarter brought good news for newspapers, it was only relative to previous quarters, as the industry posted yet another (but smaller) decline in overall ad revenues. Combined print and online ad revenues fell 9.7% to just under $6 billion in the first quarter of 2010, down from just over $6.6 billion in the first quarter of 2009, according to the Newspaper Association of America.The 1Q drop was due entirely to an 11.4% decline in print ad revenues, which fell from $5.92 billion to $5.25 billion. Online ad revenues increased 4.9% from $696 million to $730 million -- a welcome contribution, but still too small to offset the overall drop on the print side.

Although it's hard to put a happy face on an almost 10% drop, the first-quarter decline is significantly smaller than previous quarters, holding out hope that the precipitous drop in newspaper ad revenues is finally nearing its bottom.

Read more at Media Post.

Radio Rebound in 2010

Better-than-expected first-quarter ad revenues have prompted BIA/Kelsey to revise its forecast for radio, giving a cheerier outlook for 2010. For the full year, BIA/Kelsey now expects radio revenues to increase 3.7% from $13.7 billion in 2009 to $14.2 billion in 2010. The new projection partly reflects significant growth in revenues from digital and mobile initiatives launched by radio broadcasters. The new forecast comes not long after the Radio Advertising Bureau released separate first-quarter revenue figures showing that total radio revenues increased 6% from $3.5 billion in the first quarter of 2009 to $3.7 billion in the first quarter of 2010. In the first quarter of 2010, digital revenues jumped 18% to $123 million, according to the RAB, and national revenues soared 19% to $568 million.

Read more at Media Post.

Thursday, May 27

Facebook outstrips Arab newspapers

There are now more Facebook users in the Arab world than newspaper readers finds a survey by Dubai-based Spot On Public Relations. The agency, says there are more than 15 million subscribers to the social network. The total number of newspaper copies in Arabic, English and French is just under 14 million.

Read more at the BBC.

Wednesday, May 26

Forbes Takes True/Slant

Forbes is buying online news startup True/Slant providing a forum for some 300 former mainstream journalists offering both news and opinion. According to comScore the site had 90,000 unique visitors in June 2009. Traffic has now increased to 335,00 per month. True/Slant is different from most traditional publishers because they allow advertisers to have their own separate pages in addition to regular display ads. And, more importantly, its contributing writers can earn bonuses depending on the amount of traffic they draw. The concept of the entire site is to allow the journalist to be entrepreneurial. And Forbes, being well know for their pro-capitalist stance, seems to be validating this integration of news and business.

Read more here.

Apple's Second Date with History

Apple almost went out of business 14 years ago, and many would have blamed what seemed one of the seminal business blunders in history. Bill Gates was chatting with students at Stanford at the time and recalled letters he'd written to Steve Jobs begging him to allow cloning of Apple hardware. Had Mr. Jobs complied, Apple's operating system might have become the de facto universal standard, the one everybody wrote software for—a role that fell to Windows instead.

Google is giving away its smartphone operating system, known as Android, for free. The effects are likely to be the same. Because Mr. Jobs insists on keeping software and hardware under tight control, Google's platform is the one that will benefit from competition among multiple handset makers, producing lower prices and faster innovation, including a flurry of soon-to-arrive tablets and a variety of new devices aimed at niches (say, with a focus on navigation or texting).

Likewise, because Mr. Jobs insists on vetting all applications that run on his phones via the iTunes App Store, you'll need an Android phone to capture the full benefit of openness to the Web. Soon, Android users can expect their available services and apps permanently to outstrip those available to iPhone users through the App store.

The search giant risks delivering a crummy, fragmented, even disastrous user experience, with security leaks, viruses and customer service that fails when needed most. For Apple, the immediate danger is overreach, undermining its ability to deliver an ineffably superior user experience that just pleases.

Read more at the Wall Street Journal.

Tuesday, May 25

Social Media vs. Traditional Press

A Pew study comparing social media to traditional media finds stories are quickly perishable in social media circles. The stories that gain traction in social media do so quickly, often within hours of initial reports, and leave quickly as well. Just 5% of the top five stories on Twitter remained among the top stories the following week. This was true of 13% of the top stories on blogs and 9% on YouTube. In the mainstream press, on the other hand, fully 50% of the top five stories one week remained a top story a week later.

While social media players espouse a different agenda than the mainstream media, blogs still heavily rely on the traditional press -- and primarily just a few outlets within that -- for their information. More than 99% of the stories linked to in blogs came from legacy outlets such as newspapers and broadcast networks. And just four -- the BBC, CNN, the New York Times and the Washington Post accounted for fully 80% of all links.

Twitter, by contrast, was less tied to traditional media. Here half (50%) of the links were to legacy outlets; 40% went to web-only news sources such as Mashable and CNET. The remaining 10% went to wire stories or non-news sources on the Web such as a blog known as "Green Briefs," which summarized daily developments during the June protests in Iran.

The most popular news videos on YouTube, meanwhile, stood out for having a broader international mix. A quarter (26%) of the top watched news videos were of non-U.S. events, primarily those with a strong visual appeal. Celebrity and media-focused videos were also given significant prominence.

Read more here.