The Daily Peg: Pegasus News, Inc. Founder's Blog

Why I'm not cut out for working from home

I'm now wrapping my second week of full-time (un)employment at Pegasus News. My state of mind can best be summed up in this little ditty from my personal poet laureate, Todd Snider:

Now the nights are long
The driving’s tough
Hotels stink, and the pay sucks
But I can’t dig what I do enough, so it never gets be down

My great lesson of the first fortnight is that I'm not cut out for working from home. Why, you ask?

• When I'm home during the day, dogs don't understand that it's not the weekend, which in our house means play, play, play.
• Having the person you married -- on purpose, because you wanted to be around her -- in the "office" all day is not conducive to work. Even if she's minding her own business.
• "Attractive nuisance" is not often taken as a compliment, even when it is intended as such. (It's all in the intonation. Emphasis on the first word.)
• When one is working on a complex spreadsheet, the goings-on out on the street become absolutely fascinating, validating one's belief that neighborhood news is the plastics of the aughties.

That's not to say that there aren't upsides -- the dress code is pretty slack and I've lost five pounds simply due to the proximity of the pool and the lack of proximity of fast food and office noshing. (I seem to have temporarily thwarted Jeff Sinelli's plot to kill me with his delicious crack-laden potato chips.)

However, it's time to go gently back into that real world of officedom. And thanks to the good graces and generous negotiating of my true pal and once and future landlord Manny Ybarra, we take possession of our office space today.

Now, if we only had furniture to put in said office, that would be something.

Must-read of the week, part the second

Let's just assume that the Pegasus week ended/started at noon today.

Jay Rosen Q&A with Bill Grueskin, Managing Editor of WSJ Online.

I was very interested to see the oft-misuse of the "Information wants to be free" quote:

Bill Grueskin:  Well, information wants to be free, as the saying goes. But the saying goes further than that, it turns out.

Here's the whole quote, from Stewart Brand's book, The Media Lab: Inventing the Future at MIT :

Information wants to be free. Information also wants to be expensive. Information wants to be free because it has become so cheap to distribute, copy, and recombine---too cheap to meter. It wants to be expensive because it can be immeasurably valuable to the recipient. That tension will not go away. It leads to endless wrenching debate about price, copyright, 'intellectual property', the moral rightness of casual distribution, because each round of new devices makes the tension worse, not better.

And support of one of our core beliefs:

Any newspaper Web site that limits itself to repurposing content from the paper is in serious trouble. Any newspaper site that fails to recognize the value of the paper's brand and content is in serious trouble. So there you have it. I'm firmly and unequivocally ambivalent about this.

Some caution:

Now, though, the Internet is doing to print what TV and radio threatened to do, but could never pull off. And journalists who fail to see this ought to be writing their career obituaries rather than their stories, because their readers are changing faster than newspapers are.

Which gets back to the first point. What sort of readers do you want? There are millions of people who will not and cannot replace their print reading with an online news source. Supplement, yes; replace, no.

Then there is the online audience that brings a different set of expectations. It is not entirely different; if so, the AIG and Wal-Mart stories wouldn’t have been at or near the top of our most-read list that Friday. But it’s different enough so you have to understand their needs and anticipate their desires.

And on the lack of recognition of Craig?

Objects may be closer than they appear.

Email reading

Because I read almost everything through Bloglines, I've pretty much unsubscribed to every industry email newsletter I once read. Even if the newsletter publisher didn't have its own RSS feed, most provided content I'd already picked up elsewhere.

The one exception is INMA's Newspaper Industry E-Newsletter. It always links several good reads that I'd missed. This week:

• Internet poised to pass newspapers as source for local shopping
• A new study on why people read newspapers
• A fascinating piece on why newspapers went broadsheet in the first place (reg req). You should read the whole thing, but the short answer is that in Merrye Olde England, publishers were taxed by the page, so they made the biggest pages they could.

A new model

Jeff Jarvis suggests a new model for local newspapers. I think our regular readers will find a lot of familiar ideas.

Note to new readers of The Daily Peg: We are not usually such a Jarvis-remora. He's been heavy on topics near-n-dear this week.

Must-read of the week

Bob Garfield's media chaos piece is finally online (free reg req).

ASNE update

Tim Porter has some good analysis from the ASNE convention. Much of it sounds stripped right our of our business plan.

I can validate the story about newspaper folks not knowing Craig. I had the same experience dropping in on a newspaper conference a couple months ago where less than a quarter of the newspaper execs in the room had hear of Craigslist and maybe ten percent had checked out the site.

Jeff Jarvis is horrified by the cluelessness. I've said it a million times (at least): I fervently believe in church/state; newsroom/business separation, BUT until the editors get engaged in understanding the business at a macro level AND the businessfolk take a serious interest in the conversations about the changing newsroom, the industry has an intractable problem.

Life imitates my life's art

So just as I'm getting through the part in Autumn of the Moguls about Wolff's interview with Rupert Murdoch, comes today's Murdoch speech to the ASNE.

See analysis from Jeff Jarvis, who also indirectly helped to write the speech.

A few favorite passages (links and emphasis mine):

The peculiar challenge then, is for us digital immigrants – many of whom are in positions to determine how news is assembled and disseminated -- to apply a digital mindset to a set of challenges that we unfortunately have limited to no first-hand experience dealing with.

We need to realize that the next generation of people accessing news and information, whether from newspapers or any other source, have a different set of expectations about the kind of news they will get, including when and how they will get it, where they will get it from, and who they will get it from...

The challenge, however, is to deliver that news in ways consumers want to receive it. Before we can apply our competitive advantages, we have to free our minds of our prejudices and predispositions, and start thinking like our newest consumers. In short, we have to answer this fundamental question: What do we – a bunch of digital immigrants -- need to do to be relevant to the digital natives?

The punchline?

And the data support this unpleasant truth. Studies show we’re in an odd position: We’re more trusted by the people who aren’t reading us. And when you ask journalists what they think about their readers, the picture grows darker. According to one recent study, the percentage of national journalists who have a great deal of confidence in the ability of the American public to make good decisions has declined by more than 20 points since 1999. Perhaps this reflects their personal politics and personal prejudices more than anything else, but it is disturbing.

This is a polite way of saying that reporters and editors think their readers are stupid. ...

Newspapers whose employees look down on their readers can have no hope of ever succeeding as a business...

I do not underestimate the tests before us. We may never become true digital natives, but we can and must begin to assimilate to their culture and way of thinking. It is a monumental, once-in-a-generation opportunity, but it is also an exciting one, because if we’re successful, our industry has the potential to reshape itself, and to be healthier than ever before. 

I wonder what Rupert would think of Our Little Enterprise?

Hump-day bullets

• The golden age of Houston newspaper columnists. Of course during the pre-monopoly days
   
• Our friends in Lawrence get their props on NPR.
   
• Fascinating, but for junkies only: The Annotated New York Times
   
• The ethical quandries of paying stringers by the pageview
   
• Tim Porter on the changing values of the NEWsroom.
   
• Newspaper + cellphone = Hitchhikers Guide to the Galaxy
   
• A nice old v. new media comparison
   
• Alan Mutter: Time for the online free trial to end
   
• Leonard Downie Jr. on the non-death and profit margins of newspapers

How different is too different?

Kimberly Reeves wonders what we think about recent press on citizen journalism and the rollout of sites like GetLocalNews and YourHub.

First, all press for this movement is good press. The mediati and a select few communities touched by these efforts know about them, but broader awareness is still a' comin'.

As far as the efforts themselves, I continue to be pleased to see that there are so many different models. If we all attack this differently and learn from each other, it's much more likely that we'll find a sustainable model.

GetLocal is the inverse of our concept: They're about planting a flag in as many markets as possible. That means that until they build traction, they've got a broad, but shallow content platform.We're going to try and gain more traction in one market and then only build sites in markets where we think we can be content-rich on day beta.

It's too early to tell how YourHub will work, but it seems a good idea. The one concern I have about it, as well as many other CJ efforts is this: How different (in format) from traditional MSM local news sites can you be and still attract substantial sustained readership?

Many CJ sites are in a single-blog format. That may serve the true believers, but will the average Joe Reader adapt to that format in time for a business model to arrive? Further, does such a format effortlessly deliver sustained relevance to the reader? (To succeed, it must.)

One other issue I'm seeing, as exhibited with YourHub, is the temptation to segment by neighborhoods. I'm not sure that's the right level of precision, and it's certainly not effortless. I live on the edge of Lake Highlands and Lakewood -- I'm interested in both. Furthermore, while I'm interested in restaurants in those areas, I'm interested in tapas restaurants all over town. Even further-- we don't have kids, so my interest in schools and youth sports (wherever they are) is minimal. Most importantly, I don't know that I want to make the effort to look at three "sections" of news every day (ie: Dallas, Lakewood and Lake Highlands).

We think the future is customized relevant news delivery based on implicit and explicit preferences. It still navigates like a traditional news site and has individual stories in a database as opposed to broadly-specific blogs. That site delivers headlines based on interests both geographic and not-- and the user doesn't ever think "I'm going to go look at the Lakewood section and then the High School Football within the Sports."

The technology to enable that is easy. The hard part of it is the amount of content you have to generate to fill all those sections in the database. And that's where the hybrid of full-time journalists and citizen stringers comes in.

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UPDATE: As if to prove my point about the problems with picking a neighborhood, a debate at Andrew Bowser's DailyHeights.com.

Scaley

Without fail, the first question anyone asks when you're talking about a new business concept is:

Is it scalable?

A couple of my favorite blogreads have been discussing this issue of late:

Jeff Jarvis says that scale doesn't scale anymore. He applies that to several industries we know and love:

: News: As a producer, why depend on the 300 (expensive, snarky, recalcitrant) reporters you pay for when you could have 3,000 aggregated reporters to get more news less expensively than ever before.

As a consumer, why depend on one or two sources of news a day when you can aggregate the best of 200?

: Media: As a distributor, when you can no longer use your stranglehold on channels to guarantee you an audience, you will have to aggregate audiences to reach scale.

As a creator, you're going to have to establish your own direct relationship with your audience: You have to do your own aggregating.

As a member of the audience, why adjust your schedule and taste to the distributor when you can aggregate your own entertainment from anywhere, anytime?

: Advertising: They simply won't have the easy and inefficient option to buy network soon; they will have to aggregate niches of consumers to create a new and more efficient scale -- with far better targeting, better advertising, better service, better sales.

Fred Wilson agrees, and explains why the new world is more collaborative than competitive:

You cannot collect all the pieces of a marketplace in a centralized way and control all of it.  The technology won't allow that to happen. You can't "get to scale" that way.

You must be open to others owning pieces of the equation.  You must let the users get the value of scale however the choose to create that scale.  You must facilitate the creation of virtual scale.

Ravi Dronamraju thinks aggregation is dripping with Kool-Aid, and touches on how we plan to provide what aggregators can't (yet).

All that aggregation solves is comprehensiveness problem. But the real factor that would distinguish one aggregator over the other is relevance. The concept of relevance can be extended really to Matching in case of some verticals. The way i explain matching is that it's two way relevance. For a job, it's not enough if the job is relevant to my search criteria, the candidates applying for a job have to relevant to the employer's criteria.

I argue, that just simply aggregating solves a minor component of the problem. The true winner will solve relevance/matching problems in their space in a very effective/protected manner. To be able to beat ebay or google, these aggregators should have enough traffic of buyers (job seekers, partner seekers) and enough sellers (ok, we crawl the web and identify sellers) and have proper matching (two-way relevence).

Matching is really the killer problem to solve.

Tom Watson says that scale still scales:

Because this is a media verity: Tiger scales. Old media, new media, slightly damp media, short tail media, long tail media. Tiger scales big-time. Tiger doesn't require aggregation, or citizens media, or RSS feeds, or a new path. A simple network television contract with the very old-school CBS Sports will do just fine.

The Masters final round this Sunday past was about the best sports spectacle since the Red Sox made their amazing comeback. (The Red Sox also scale, fellas). Stunning, mesmerizing, fascinating...

...And it wasn't aggregated; it was a single buy. Sure, I'm a fan of the widening landscape of digital media. This blog is proof of that. But I reject the notion that the digital Bastille is anywhere in sight, that Sumner Redstone's head will be set on a pike on West 57th Street. The big media boys aren't going anywhere. We still love spectacle, and celebrity, and the shared experience. And Tiger Woods still scales - big-time.

This touches on a sticky wicket for media today -- I would argue that far fewer things scale. Pre-cable, when there were only four things to watch, a championship event scaled. Heck, even a regular-season game scaled. But those truly common experiences are fewer and further between.

Remember Roots? Heck, remember The Day After? They were common media experiences that everyone shared. I doubt the same can be said of Revelations. Sure, a lot of people may watch, but you can't be sure that everyone around the water cooler will even know it aired.

So you get scale three, maybe four times a year with championships and mega-stories. That reminds me of my early days in the city magazine business when we'd pull big, "scalable" special editions out of our hats to stay afloat. That's a risky way to live. Sooner or later you have to make money day in and out.

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Note also Fred's posts on VC cliches traction and space.