Updates for the Weekend

Watching the news last night, Mrs PND and I were shocked and incredibly saddened to hear of the death of Ed Bradley. What a shock. Only several weeks ago he presented his last story on 60mins about the BP Refinery explosion in Texas and was admitted to the hospital the same day. Bradley was cool, professional and unpretentious and he joined the serious crew at 60mins in the early 1980s as very much the newbie. He clearly took his job seriously but had a great attitude about life. As described in the Boston Globe, at a Jimmy Buffet concert in Boston in 1984 he jumped up on stage unannounced and grabbed a tambourine and belted out a few songs. Here is CBS.

In other news, you will enjoy the following tale of a cocktail party where Stephen King attempts to sing with a band. The writer is Madame Arcarti and she rightly points out the hypocrisy sometimes exhibited in our reactions to the antics of of our popular culture 'heros'. Why do people think King's singing is great? Why, because he is a popular writer of fiction. Obvious. We seem to be far more patient with these people than we should be.

Thanks to a link on Guy Kawasaki's blog here is a very creative blog entry. I love it and it would be cool to try the comics myself. I should look into it.

Here is an all too frequent example misguided censorship in education from Blasted Members. It has a nice twist at the end.

Apparently, yet another large city newspaper has decided to do away with books reporting and book reviews. Here though is the reasoned discussion why this is somewhat inevitable.

I caught the following review by Bill Grimes in the NYTimes yesterday about the US pilots of the Eighth Airforce which was established in the aftermath of Pearl harbor to execute a long range bombing campaign against Germany. Surviving a tour with your mind and body in tact was a feat in itself, but to then face another tour was unbearable for some. Yet another book to place on the Christmas list.

Finally, Grumpy Old Bookman has a segment about Richard Dawkins writer of The God Delusion and a strange coincidental interview Dawkins had with Ted Haggard an apparent supporter of the gay lifestyle and illegal drug purchaser but now ex-head of his local evangelical church.

Private Equity Still Interested

Publishing is suddenly hot news in the financial markets. For an industry that is periodically characterized as a anachronism it is curious that so many PE firms seem to view publishing with excitement. Last Friday, CNBC had a segment on the activity and while they didn't hit on anything new they focused on the fact that many publishing companies, particularly newspaper companies retain very good margins and throw off a lot of cash. While their markets are seen to be declining, the PE firms can ride a decent wave for a few years and expect to hop off with a respectable return on investment. Several newspaper companies are or may be in play and even the NYT may face a proxy fight that may lead to changes in their ownership structure. It is well known that the Chandler family - prior owners of the LA Times - have pressured the Tribune Company to consider new ideas and options for recapitalizing that business.

In other publishing news, CNBC mentioned Moody's as a potential target given its strong and stable state. I haven't heard this company's name brought up before. Springer had its' bid rejected by Informa but I suspect they will be back with another bid in the short term. It was also revealed last week that Vivendi received an unsolicited bid from KKR - while not directly publishing this does reflect the interest in media generally. The bid while huge was rejected also.

We do however await the outcome of the Thomson and the Harcourt deals; they will represent the biggest publishing deals in a long time and will presage other deals in the early part of 2007 if not sooner. (Article on Pearson).

Ronald Reagan and the Vote

In July 1981 I warily plodded down to my local post office (Kihei, Maui) to register for the draft. As a non-citizen green card holder I was required to do so just like every other kid I knew because of the bill the Reagan Administration had passed earlier that year. Since that day I was never sure that the paper work was ever completed -that the post office hadn't lost it: the whole process seemed completely ad hoc. Nevertheless, no less than 25 years later I was sitting in an immigration hearing answering questions for my citizenship application and there sure enough was the notation regarding my registration for the draft on July 10th, 1981.

So, in the intervening years I could drink legally, work, be arrested (I wasn't) deported, pay my taxes, go to war as a draftee but I couldn't vote for the candidate of my choice. Up until today I have never voted anywhere. Having gone through the byzantine citizen process - which is another story - I am finally enfranchised and just at the right time. In retrospect, I should have done this sooner, but my silly notion that I would be somehow giving up my Englishness if I became a US citizen is wholly selfish and irresponsible and I wish that I had done this sooner.

It is interesting to contrast 1980 with 2006 because the current President believes himself to be the successor to Ronny. Ron Reagan the President's son was on The Colbert Report recently and couldn't control is disdain for this idea and pointedly poked fun at the idea even suggesting that he had learned to ride a horse any by a ranch to emulate The Great Communicator. Ronald Reagan was the right choice for America in 1980 as much as George Bush is the wrong choice today. Regrettably, as Neil Young said "... we had our chance to change our mind... but we went with what we knew..." I think if voters could do the 2004 election over they would think differently. Today the electorate gets to exhibit their dissatisfaction with the state of events over the past six years and will present the democrats with a chance to define themselves while in the leadership in the run up to 2008. Do I think the Democrats will blow it? All evidence today seems to indicate they haven't won this election as much as the Republicans have lost it and that should be very worrisome to the dems.

This election today appears to be the most widely voted mid-term election since 1946 with an expected 48% of voters participating. I am finally happy and proud to be one of them. If anyone doubts the true state of affairs I recommend reading Frank Rich's piece in the NYT from this weekend.

Books In Different colors

There was a front page article in The New Times last week that didn't deserve to be there. Honestly, The Times' coverage of the publishing industry has eroded substantially since Geraldine Fabricant moved to other things and this article is no different than most of the other recent weak stories. The NYT treated the news that books are now available in Home Depot, Anthopologie and other non-bookstores as a shocking surprise. The only real surprise in my mind is their lack of imagination in suggesting that more of this non-traditional placement should occur and that they should have examined why publishers are being led by (supposedly) innovative retailers who place yellow covered titles with yellow pull-overs. I mean really how brainless is that.

This weekend in the same paper Eleanor Randolph composed a rebuttal which included the notion that if books are considered a fashion accessory then perhaps publishers could cover them in some chameleon like material that matches its' surroundings thereby perfectly blending into its environment. I think she strikes the right absurd note.

I recently read a quote from Todd Wager (who founded Broadcast.com with Marc Cuban) who stated that it is "dangerous to assume your customers will be interested in your products in five months". His research confirmed that half of movie goers leaving a cinema said they’d buy the DVD which is an impulse buy opportunity. So, the strong implication is to place the DVD in the movie theatre so the patrons can buy the books, err... the DVDs. Wagner's new company does sell DVDs to patrons in the movie theatre. MJ Rose recently tried to solicit other ideas as to book/store match-ups from this entry. Harlequin Romance with Victoria Secret.... the notion is positively sacrilegious.

Have You Heard of Crowdsourcing?

A post on Lorcan Dempsey's site a few weeks ago caught my attention. He drew attention to a concept defined by Wired Magazine writers Jeff Howe and Mark Robinson called crowdsourcing (Article). They defined the concept (to paraphrase from wikipedia) as activity traditionally completed by selectively hired, trained and managed workforces migrating to low paid or un-paid amateurs. These people use their knowledge and spare time to complete tasks, share ideas and solve problems. The obvious question is why don't you get what you pay for? The answer seems to be that to work well there needs to be a strong and widely held common purpose. The 'crowdsourcing' moniker is evidence that the idea is growing mainstream (and is itself a result of increasing wide-spread access to networks). As some have pointed out the Linux and Firefox development projects have been early examples of this concept.

The wikipedia site also lists some additional examples from mainstream companies such as Proctor and Gamble and Amazon. Recently, The Economist wrote about an Australian mining company that made available their prospecting documents under the guise of a competition. Interested 3rd parties could identify areas where they believed the company could mine for gold. Apparently the participating companies identified over 110 target sites of which 50 were new to the company. The benefit for the mining company was a significant reduction in time and expense to find these new targets and they also got access to new prospecting technology and processes.

Jeff Howe has a blog related to this topic named unsurprisingly crowdsourcing.com. The article in Wired is fascinating as it points to how business models have to change in some of the least likely businesses. Who would have thought that the stock photo business could collapse because we all have digital cameras and loads of images we can now share or license. Suddenly 'good enough' content exists in substantial amounts and the market is becoming over supplied - at least from the perspective of the stock photo agencies. The article points to istockphoto.com as examples of the above and in the same vein scoopt.com exists to enable anyone who witnesses a newsworthy event to upload their photos for distribution and licensing.

Coincident with my reading Lorcan's blog entry about crowdsourcing I also witnessed an incredible example of this idea on the librarything.com site. A few weeks ago, they decided that they wanted to translate their pages so that they could appeal to foreign language speakers. Instead of finding a language speaker in each of the target languages to slog through all the pages and translate them into F, I, G, S etc. they opened up the site to allow iterative translation. To my mind the results were astounding because they had for example 75% of the German translation done inside a day. To date, about a month after they started the project, they have 100% of the site translated into German, French, Dutch, Spanish and Portuguese. Here is the hit parade. As they (Tim) point out, adding a league table of translators seemed to incite some competition. There have been a number of blog entries on this topic but here is an early one.

Crowdsourcing is powerful, and yes we can argue it isn't that new, but the enablers are now more prevalent which is better and closer computing power, easier access to networking and rapid adoption of virtual social networks. My characterization of 'good enough' above was purposeful; one of the tenets of crowdsourcing is that the power of the network will outstrip that of a small group of experienced professionals. This is the real danger for publishers and others who have built silos of expensive (to develop and sell) content. As a database publisher I could point out the blemishes in 'good enough' products that I competed against. What happens when I can't do that. Witness the EB versus wikipedia debate earlier this year.

William Styron

William Styron has passed away and his obit in The New York Times is here. Sophie's Choice is the only title I have read which still resonates with me having read it when I was 16. William Styron wasn't afraid of courting controversy - perhaps he didn't set out to do that - but he knew what he knew and he wanted to tell people about it. Sophie's Choice was a powerful novel that in my case drew me in and told me about the holocaust in a way a history book never could.

Penguin Blog

I typed penguin blog into google today and this is what came up first. Predictable really... I don't believe a Penguin can do its own shopping. For the record, I was looking for the book publisher.

While I am on this, while I was in Graduate school some friends of mine wanted to set up an all boys club named after Penguins (The Penguin Club) on the basis that (apparently) Penguins only mate once a year. Happily, I was able to decline my charter membership.

Lorcan Dempsey (who may not like the intro to this link) has some thoughts on the design of the Penguin paperbacks here.