If you’re reading this column, then you’re officially part
of what Huffington Post founder and Editor-in-Chief Arianna Huffington
calls the “linked-in” economy.
Huffington and this new Denver-based Internet newspaper are
the newest players in the intensely competitive Colorado media wars. This is
Huffington’s third news site after launching in Chicago and New York. Next up is Los Angeles.
I’ll be as curious as you to see what happens. According to Wikipedia, the HuffPost as
it is known, has more than 3,000 bloggers. And all 3,000 of us share at least one thing in common.
We’re both counting on you, the news consumer, to pass along
news or commentary that you like to someone else. You might post a link on your
Facebook page, you might give me a
friendly tweet on Twitter (and someone
else might retweet), or you could digg this to the social news site digg.com, where people link and vote on their
favorite content. If all else fails, you might just copy and paste it into an
e-mail. But that is so passé these
days.
The more shared links (six in this post so far), the merrier
for Web traffic numbers of both the Huffington Post, which counts its visitors
in the millions, and my blog, the Boulder
Report, which counts visitors in … well, let’s just say considerably less
than millions, more like hundreds (and that’s in a month, not a day).
I got several interesting comments (another desirable thing
in the blogging world) to a column I wrote in May called “Will screen staring
be the demise of the printed news?” In it, I said readers might want to look at
the HuffPost to see how blogs and videos can join with news coverage to create
this new brand of journalism. Only four years ago Huffington started combining
her own opinions with “as many interesting voices as possible,” and now
bloggers on the site have included everyone from Barack Obama to TV host Bill
Maher and Colorado’s Gary Hart. You can look at the sites Blogger Index to see who’s
getting the most views.
Colorado’s been no stranger to the fast-paced changes in the
newspaper business, particularly the demise of the Rocky Mountain News and
Scripps’ exit from the Denver
Newspaper Agency. That
also resulted in my hometown newspapers, the Boulder Camera and Colorado Daily, moving entirely under
ownership of the MediaNews Group,
owner of the Denver Post.
As a news junkie, having run the Boulder County Business
Report for 18 years, I access news online more than ever but still send out my
Lab every morning to retrieve the Camera, Post and the Wall Street Journal from
my driveway. He would absolutely hate retrieving my laptop. After selling the Business Reports in Boulder, Northern Colorado and Wyoming to Ohio-based Brown Publishing in early 2008, I do
a lot of my writing at the Laughing
Goat, an east Pearl Street coffee house where I also dig into free copies
of the Daily, the Boulder Weekly, Denver’s Westword, Boulder’s Nexus and whatever else happens to catch my
eye.
Recently I drove to downtown Denver, where at Common Grounds I got the
chance to meet Katharine Zaleski, senior editor for the HuffPost organization,
and Ethan Axelrod, the new editor of the HuffPost in Denver. Both were at the end of a long day and still
setting up meetings with Colorado publishers from Grand Junction to Aspen,
explaining how news organizations could “opt-in” to add their content to the
new HuffPost site here. Response, they told me, had been very good.
Much of what they shared with me was strikingly similar to
Huffington’s recent online interviews with Jon Friedman of MarketWatch.
“The future of media,” Huffington said, “is going to be
social media.
“The way to make money now is to follow the consumer … to
embed your product in multiple sites.”
And counter to speeches by many newspaper publishers about
creating more “paid” online content, Huffington says she doesn’t see “content
behind walls succeeding unless you’re offering very specialized content.”
Compare her view to that of MediaNews owner Dean Singleton,
also current chair of the Associated Press board. In interviews with Westword
and others, he has advocated a business model to lock up much of his
newspapers’ current free online content, giving it instead to only paid
subscribers.
Fewer people accessing that content (the Post has about
254,000 subscribers daily and 704,000 on Sundays), of course, means fewer
“links” — a 180 turn from the linked-economy strategy of the HuffPost.
One thing for sure, the Denver Post is watching closely what
happens with this Internet-only Huffington Post. I don’t think it was a coincidence
that the Denver Post just announced a new advertising campaign called “I want
to know” that will be on billboards, TV, radio and even Facebook and Twitter.
The pay-for-Web content debate is raging online, and it’s
not just newspapers.
Monetization is the word investors and venture capitalists
love to hear.
Google’s YouTube wants
a deal in Hollywood to sell movie downloads right when they’re going to DVD
release. Facebook and MySpace
are battling for more paid display advertising, with about one of every five
Web display ads now viewed on social networking sites. National ad buys into
the HuffPost sites have included national advertisers like Starbucks and
Volkswagen.
In her Marketplace interview, Huffington marvels at how fast
her online news venture has made inroads and captured market share. Analysts
believe the company is nearing a “break even” point, not bad in a recession.
“We are lucky that we don’t have to deal with the legacy
costs of an old business,” she says. “And we are lucky that we are the new kid
on the block. We didn’t even exist five years ago. YouTube didn’t exist five
years ago.
“It used to take 20 years to become a brand,” she continues.
“Now you can do it in a year if you tap into a need.”
I’ve been increasing my own time spent on blogging and
social media, but I don’t really expect it to pay my bills.
My blogging competition? Something like 112 million other
blogs according to blog search engine Technorati,
and that number is a year old. China alone has 50 million bloggers, but
fortunately here in Boulder not that many people read Chinese.
I also haven’t collected a dime yet via the Google Adwords
on my own blog, but I’m working on it. I need to go with better display ads,
other bloggers advise.
If I ever make it to page one of the HuffPost, maybe your
“links” will help me out. With an average $3 per cappuccino per column, I’m far
from breaking even.
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