Who Will Play Jane?

What caught my eye about this story was that the home of a fictional TV character played by Parker Posey is a 'brownstone' in Hoboken. Her character has a 'cushy job' as a children's editor at Harpercollins. Are there such things because believe me I've looked and I keep coming up empty handed. The reality of the real estate market is such that the ability for a single mid-level editor to own a brownstone in Hoboken transcends fiction just like the outrageously large NYC apartment seen on Friends. Actually, there are a lot of publishing expats living in Hoboken and I recently found out a head of a large trade house moved over from Manhattan recently. So we are on the map and perhaps Parker can contribute to the continued increase in real estate prices. No word on who will play the Jane Friedman character (maybe she will be a walk on) but of all publishing houses it is not surprising that Harpercollins would be the named house in the show.

Hoboken is the global corporate headquarters location for Personanondata and Information Media Partners.

Wikert on E-Book Platforms

Joe Wikert reflects on the Sony E-Book Reader and the recent reports on the imminent launch of a Amazon E-Book reader.

Even if a killer device existed today there are far too many cons working against the ebook platform for it to succeed at print book pricing levels. In fact, if something doesn't change soon, the entire concept of a meaningful ebook sector (as opposed to the rounding error it is in the publishing world today) will be laughed at the same way we all chuckle when we think about the "paperless office.

Personnally, I don't see how any stand alone reader is going to succeed especially at the price Sony is looking for. As Exact Editions points out the i-Phone (or perhaps some equally multi-function device) is the best option for ebook (and e-periodical) content.

Then there is the pricing issue....

New York Times Online Education Initiative

As noted in Inside Higher Ed, the New York Times has launched an online initiative that will merge NYTimes content with course management software to enable faculty and scholars to build course content. From the press release:

Educators will now have the opportunity to select Times articles, archival content, graphics and multimedia content, including videos and Webcasts, gathered around specific subjects, and make them available to students online, along with other course materials. Students will benefit from access to thematic content that is drawn from the vast array of Times reporting on a countless number of issues.

This is an interesting initiative for NYTimes which has no doubt realized the extent to which their content is used in existing course management solutions such as Blackboard and via online sources from the likes of Proquest. The education market has always been an important one for NYT and the thrust to become a direct provider to this market is significant. (No word whether they will add content from other news sources but this would be an interesting natural extension of their platform).

The expansion will be implemented with Epsilen which is marketing a newly developed web based tool that supports a variety of scholar services such as:

ePortfolios, Global Learning System (courseware), group collaboration, object sharing, blogs, messaging, and social and professional networking. Users receive a lifelong identity on the Epsilen(TM) system, enabling them to maintain their academic and professional ePortfolios throughout their careers, regardless of their affiliation with individual institutions.

That last bit is especially interesting (assuming the platform is open) because it will enable a scholar to create an online library of material they have sourced, read, annotated, referenced and written about together with their own intellectual work. The utility that results from this could be fundamental for the development of the 'continuing education' of students as they graduate from universities and are [today] lost to both the universities and the publishers of educational material. (I have written a little about this before here and here).

From the press release:

"The Epsilen(TM) Environment is a new concept and technology framework allowing faculty and students continued access to their work after switching schools, entering the job market or retiring," said Dr. Jafari. "It is a prototype of the Web 2.0 concept built on the ePortfolio foundation and the power of social networking. The Epsilen(TM) concept suggests that every student and professional should own a lifelong ePortfolio enabling them to collaborate and exchange intellect in a global community."

The New York Times operates a business unit named The Knowledge Network where this initiative resides. They hope the collaboration between The Knowledge Network and Epsilen will bring about the development of a large social network of students, facility and administrators.

Knowledge Network will serve as a global networking and professional and academic development resource for faculty, students and alumnae. Users will be able to share work with colleagues, create their own academic or professional ePortfolios (digital repositories of a person's work), invite peer review and establish professional contact with people around the globe based on common academic pursuits and research.

If this develops as a real platform, as NYT hopes they could become a gatekeeper to students and faculty. Interestingly, the HighEd article notes that this tool could also take some of the burden away from faculty in the development of their course material. This is a vital point because course development can be a time consuming task and inertia sets in because of that difficulty. If tools free this process then it is conceivable that instructors will vary their content more frequently, provide better more resonant content and as a direct result rely heavily on the tool. As a data or information provider inserting yourself into the work flow is the nirvana because it makes it that much harder to cancel.

There are a lot of themes here and it will be interesting to keep a watch on the Knowledge Network.

(It is curious that there is no mention of this on the NY Times. com site).

Some of Us are not Plugged In

It's hard not to think big about all the ways digital content can be used; there's more than enough news to fill many, many blogs like this one. Yet two recent examples reminded me of the digital divide that still needs to be bridged for many (in America alone, even). One example was personal—my mother, a seasoned high school teacher, told me about a young new supervisor she has who is changing things up so much, she exclaimed, that "now I have to learn how to send attachments via email!" A second was the recent announcement by Random House of their $1 million contribution (over five years) to First Book, a non-profit organization that gives children from low-income families the opportunity to read and own their first new books. Since 1992, First Book has distributed more than 50 million books in over 1300 communities around the country.

According to the Pew Internet project report released in early July 2007, 71% of Americans have access to the Internet, 47% of those with broadband access. That includes access at home, work, school or other places. The two examples above reminded me that as evolutions in electronic content turn over more and more quickly, those without the access, financial means or savvy to take advantage of those innovations are left farther and farther behind. It's a worthy point and a call to action for those of us who couldn't imagine a life without incessant reading. If you are doing good works in this area, as many are, please let us know.

In ways overt and subtle, literacy used to delineate the haves from the have nots, or maybe the "could-haves" from the "could-never-haves." Will digital literacy create the same delineation?

Susan Ruszala

iUniverse.com and Author House Form Alliance

In an annoucement today, iUniverse.com and Author House announced that the companies agreed to terms that will add iUniverse to the Author Solutions, Inc. family of brands. The transaction was announced jointly by Bryan Smith, president and CEO of Author Solutions and AuthorHouse, and Susan Driscoll, president and CEO of iUniverse.

From the press release;

“There’s no question that publishing is increasingly becoming more author-centric,” said Susan Driscoll, president and CEO of iUniverse. “We have always been focused on providing authors with the publishing expertise required for professional results. Now, through Author Solutions, we have a terrific opportunity to provide all authors—both self-published and traditionally published—with the broadest range of services to help them achieve their individual goals for success.”

“At AuthorHouse, we have built our brand by making service to the author our first priority,” said Bryan Smith, president and CEO of Author Solutions and AuthorHouse, “and iUniverse has done a great job leveraging their traditional publishing experience to make authors successful. By bringing the two biggest forces in self-publishing together, we will draw on the unique strengths of both brands and offer an even better suite of publishing services for authors.”

The popularity of 'self-publishing' programs and tools is exploding (by accounts Lulu.com is the market leader) and the market spans providers of book publishing tools for the individual like Blurb.com through publishing services companies to quasi-traditional publishing operations.

Amazon.com has added print on demand and self-publishing capabilities over the past two years to become a real player and competitive threat to the incumbant companies. A deal like this was expected and there may be more consolidations on the way. By some estimates the 'self-publishing' market is estimated to be over $1.obillion. Besides Amazon other big companies such as Hewlett Packard, Xerox, Microsoft and Kodak are potential and likely competitors.

In my view, this is the area where fundamental change will come in publishing industry not at the top of the pile: There is too much in-bred desire to maintain the status quo at those heady heights for real change to happen with any great alacrity.

Amazon E-Book & Google Bookstore

NY Times has an article this morning on Amazon's $400 e-Book reader. It will be wireless and will come with some free content.

Several people who have seen the Kindle say this is where the device’s central innovation lies — in its ability to download books and periodicals, and browse the Web, without connecting to a computer. They also say Amazon will pack some free offerings onto the device, like reference books, and offer customers a choice of subscriptions to feeds from major newspapers like The New York Times, The Wall Street Journal and the French newspaper Le Monde. The device also has a keyboard, so its users can take notes when reading or navigate the Web to look something up. A scroll wheel and a progress indicator next to the main screen, will help users navigate Web pages and texts on the device.

Also as has been rumored for a while, Google plans to sell full access to some of the book titles in its Book Search product.

For its part, Google has no plans to introduce an electronic device for reading books. Its new offering will allow users to pay some portion of a book’s cover price to read its text online. For the last two years, as part of the Google Book Search Partner Program, some publishers have been contributing electronic versions of their books to the Google database, with the promise that the future revenue would be shared.

Steve Riggio is quoted at the end of the article say in part that B&N will increase the number of e-Book titles they sell and will consider the sale of a B&N reader only when the unit price comes down to a reasonable level. Horray for that.

Truth Sometimes Is Fiction

News reports out of Poland (not often I get to say that) are noting the sentencing of one Krystian Bala in the murder of Dariusz Janiszewski. Apparently young Krys thought Dariusz was having an affair with his wife but was never considered a suspect in the murder that went unsolved. Unsolved that is until young Krys got the writer's bug and felt compelled to write about it. (Now who does that remind you of?) Long story short, a diligent police officer read said published book and after a quick investigation arrested Krys for Murder. The court agreed there was no If about it and that he indeed did it.

BBC

Borders Earnings Call

Following on from last weeks earnings annoucement, Seeking Alpha posted the transcript of the earnings call held on the same day. Some highlights:

George Jones on execution at the store level:

Our progress on execution has been reached through a combination of efforts including an ongoing focus on improvement in retailing basics such as effective use of key items, impulse items, feature tables, end caps and so on -- you've heard me talk about this before and it's really showing it's working -- merchandise presentation, effectiveness of marketing and promotions, and consistency of execution. We've also made significant process in changing the culture of our stores organization in that they are dramatically increasing their focus on driving sales within their individual stores

Jones on the improvement in comp store sales:

We're particularly encouraged by the improvement in comparable store sales cross all business segments. Of course, record sales of Harry Potter and the Deathly Hallows led these results, but even without sales of Harry Potter -- this is important -- we improved our comp store sales in each operating segment. This is an important shift in the trend for us.

Jones on the impact of Borders Rewards in driving traffic to stores:

our unique mix of promotional offers and compelling content delivered via email to these over 20 million Borders Rewards members is really helping drive traffic to our stores. In fact, our transaction count at domestic Borders stores increased by .5% in Q2 and notably improved in ten of the 13 weeks of the period; the three that didn't were the first three weeks of the quarter so we had ten in a row where it mproved. Of course, Harry Potter was a big part of driving that traffic but only during the final two weeks and one day of the quarter.

Jones on the improvement at the Walden stores:

frankly, had been sort of treated like a stepchild for a while. In addition, we focused merchant team on the unique aspects of the mall business. Breaking this business out and focusing on its opportunities has greatly improved this operations and helped drive positive results.

Wilhelm on the sale of the international operations:

This process is moving forward as planned in both the U.K. and Australia-New
Zealand, yet it is more advanced for Borders U.K. as we started there a bit earlier.

Without identifying the specific issues, Wilhelm noted that they are "we're spending the necessary money to fix the merchandising systems." The merch system has been problematic for Borders over the past two years. He later noted that continued higher SG&A costs would be attributable in part to continued spending to fix the merchandising systems.

Jones in response to a question about supply chain efficiencies:

...it wasn't as much of bad decisions that Borders made in terms of things they did wrong as it was things that we didn't do that perhaps our competitors did do more effectively. Distribution and supply chain and systems and things like that are good examples of these.

...in terms of managing our inventory from the whole supply chain factor, part of the distribution centers, and as Ed said, I think they've made investments and we've done good things on those. The other part of it comes back to the systems which is I've certainly talked a lot about. We clearly still have deficiencies there on that. We don't have, if you look at versus what a normal retailer I would expect would have in terms of automated replenishment or what our competitors have, we've got a ways to go there.We still believe we have big, big opportunities in terms of managing our inventory levels more effectively with this type of efforts as well as systems. We have the distribution centers now in place and we expect as we get the systems in place we'll start catching up to where we really should be on our inventory turns.

Wilhelm: Well, improving turns from 1.6 which we've been at historically to 2 generates about $200 million of cash for us. So that's the proxy of what would come out of inventories.

Jones: Longer-term if we were able to get it, say, to 2.6 which is where our major competitor is now, it'd be $500 million

The Times E-Reader

My approximately $9 per week that I used to spend for the New York Times is down to $3.50 as I have migrated the majority of my reading to the web site. On Sundays, the Times remains a fundamental part of the day but I wonder how long I am going to continue to buy the paper version when my perception grows that the news is out of date and the content is less substantial. Perhaps it is a function of the summer but the newspaper appears thinner when I pick it up on Sunday's, and I don't immediately believe it has the heft to keep my attention for more than 2 hours.

The insert promoting the Times Reader caught my eye this month and I decided to give the free trial a try. There is a lot of speculation about The Times' intentions regarding Times Select which requires a payment to see added content on the NYTimes website. They do have (to me) a surprising number of subscribers to this content but in the face of expected heated competition from NewsCorp/Dow Jones there is speculation that they will shut down Times Select. In my view they should consider doing the same with the E-Reader.

On a positive note, the Reader is great if you want a version on your laptop and you can't by a paper at the airport or train station. During the month I had free access I used it several times on the train and it was excellent but it wasn't better than the paper version. I found the navigation less than intuitive and I repeatedly found myself in a story I had no interest in because I couldn't tell from the headline what the story was about. In contrast on NYTimes.com and in the paper you can glance at the slug and immediately get a sense of the subject. That same functionality seemed to be lacking on the Reader.

In my experience there seemed to be less opportunity for engagement with the Reader than with the paper version. I am not sure why I felt this - perhaps it is a tactile thing - but I found myself preferring to buy the paper. I found it frustrating that I couldn't permalink to articles as can be done on the (NYT) web site and attempting to jump to the article on the NYTimes.com is not possible. Obviously, the reader is designed for use when you are not on-line but this was still frustrating. When I was online, my attempt to check the NY weather was laughably complex.

As wi/fi becomes more prevalent the e-reader is going to look increasingly like a relic. There is so much more content on the NYT web site but little of this audio and video content is available via the reader. If they want this product to succeed they will need to do far more with the product. Instead of trying to develop a rendition of the print, they should be thinking of developing a consumer news "platform" that equates to a LexisNexis type news product for consumers. It would be interesting if the New York Times built this platform approach in conjunction with Yahoo.com (or Microsoft) such that NYT brands the Yahoo news service with NYTimes. In this model NYTimes would continue to leverage their news gathering and analysis strength but could also regain some of the classified, listings and ad revenue that has disappeared in print.

Since I wrote the post last week, Google announced that they are to 'publish' the full feeds from the Associated Press, the Press Association and others. This is a huge and perhaps seismic issue for news sites such as NY Times who rely on traffic from Google to boost exposure to their content. In the case of NYTimes they have much more direct traffic than most news sites but the battle is joined and I see a need for the Times to do something far more fundamental with MyTimes, The Times Reader or NYTimes.com in order to maintain readership and not become some has been news service.


(On two related notes, it was curious to me that as part of the free trial to the Times Reader that the Times Select content wasn't included - I find this odd. Secondly, I have not been contacted at all to actually pay for a subscription for the Reader. Isn't conversion to a paying subscription the purpose of the free trial? Very lazy approach I think).

Endorsement for PersonaNonData

It is always gratifying to receive an endorsement but in this particular case the effort is highly creative. Ann Michael lists a number of useful and interesting blogs she considers great sources of information about publishing and media. I agree.

Thanks!

UK Borders Sale

The Bookseller is reporting that Pizza Express founder Luke Johnson is backing a management buy-out of Borders led by CEO David Roche. They further suggest the chain may go for as little as £25mm with little competition from WH Smith to push the price up. Smiths are looking for a fire sale deal and would likely shut numerous stores and concentrate only on the most profitable locations.

Ebsco Acquire 10 Sage Databases

EBSCO Publishing one of the world's premier database aggregators, has acquired ten renowned indexes from SAGE. The deal will bring the leading print indexes in their fields to users electronically through the EBSCOhost® platform, one of the most-used interfaces available for scholarly research.

The following indexes are now owned by EBSCO and will be available electronically via EBSCOhost:

• Abstracts in Social Gerontology™
• Educational Administration Abstracts™
• Human Resources Abstracts™
• Peace Research Abstracts Journal™ (Now called Peace Research Abstracts™)
• Sage Family Studies Abstracts™ (Now called Family Studies Abstracts™)
• Sage Public Administration Abstracts™ (Now called Public Administration Abstracts™)
• Sage Race Relations Abstracts™ (Now called Race Relations Abstracts™)
• Sage Urban Studies Abstracts™ (Now called Urban Studies Abstracts™)
• The Shock & Vibration Digest™
• Violence & Abuse Abstracts™

These are highly-refined, specialized collections in their subject areas. Currently, each index is available in print-only. Online versions, including backfiles and other benefits, such as unlimited use, remote accessibility, multi-database searching, links to full-text, etc. are expected to be available by October 2007.

EBSCO offers a suite of more than 200 full-text and secondary research databases. Through a library of tens of thousands of full-text journals, magazines, books, monographs, reports and various other publication types from renowned publishers, EBSCO serves the content needs of all researchers.

Press Release