NYTimes: Hardly the Mike Wallace Treatment

Apparently, I am not the only one that feels that the New York Times' 'expose' on News Corp lacked any depth or provided new information on the manner in which Murdoch runs his business. (Paidcontent) You really have to consider the NYT's motives in this given they are themselves a family run operation similar to Dow Jones that has been left behind by the media revolution and they ran an editorial two weeks ago supporting the family's (supposed) wish to stay independent. It was more than disingenuous and perhaps in the interests of full disclosure they should have mentioned their own dual equity arrangement that keeps the Ochs/Sulzberger fully in control and the public shareholders out in the cold.

(As I may have mentioned, I retain some deep seated resentment towards Rupert Murdoch because as a 14 year old newspaper seller in Melbourne Australia they raised the price of the Herald from 8cents to 10cents and in the process did me out of a virtually guaranteed 2cents on every sale. That added a lot to my daily take and I soon realized that selling newspapers on a street corner was no kind of future).

Murdoch should get Dow Jones if for no other reason that he is willing to rebuild the franchise to compete in a new media, connected and multi-channel world. The Brancrofts aren't and I think that most people would like to see the Wall Street Journal retain and perhaps increase its influence and standing not just in the US but internationally. Murdoch has proven News Corp can manage and grow substantial media properties and Dow Jones will be no different. It is stupid to assume that any proprietorial media property is without bias or doesn't reflect some level of influence from the owner; but, customers (and staff) either support it or not and Murdoch (or the NYT) are not going to undercut the credibility of their properties to spite their revenue.

Everyone Needs A Dad

There was a good deal of joking about the acronym DAD at last weeks Klopotek sponsored conference on Digital Asset Distribution for publishers, but that did not take away from the content which showcased a number of providers in this space.

The conference was one part of a two part conference that presented a white paper Digital Asset Distribution for Book Publishers written by Mike Shatzkin (The Idea Logical Company) and Mark Bide (Rightscom Limited). The second part of the conference, which will deliver largely the same content, will be delivered in London next month at which time the presentations from both meetings will be made available. The White paper establishes the context for digital asset distribution:

But now, and rather suddenly, every book publisher is finding it has the need to manage the digital distribution of their content. The same set of content is needed by different people, in different forms, in different places and at different times, over and over again.

The white paper poses a number of questions which they later answer based on an extensive set of interviews with the key players in the industry. The pair interviewed companies in the US and Europe and publishers and a set of the predominate DADs. Among the questions they pose:

• When is it sensible for publishers to buy or build their own technical infrastructure?
• What are the risks of outsourcing Digital Asset Distribution?
• What functions currently managed by publishers might be rendered obsolete by a DAD?
• What is the relationship between Digital Asset Management (DAM) and Digital Asset Distribution?
• How much does a publisher need to know in order even to make use of a DAD?
• How does on line access to publisher’s content change both processes and accountability?
• To what extent have the leading edge professional and academic publishers been disadvantaged by their early entry into digital distribution?
• How many DADs do we need?

Presenting at the meeting were representative from Harpercollins, Ingram, Newstand, Bibliovault, codeMantra, CPI Publishing, MPS Technologies and Value Chain International. Each presentation was interesting in documenting the direction each company was taking in this arena. The comments by Bibliovault were especially on point for any one thinking about digital asset management:

1. Make sure you have access to your files at any time – don’t be reliant on the vendor to provide access
2. Don’t hand off the content and walk away expecting everything will be OK
3. Get your short term goals met
4. Be sure you can stockpile: a place to put the content even-though the content may not be released to the public

The full report can be found here and in about a month you will also be able to find the presentations.

BookExpo America Conference: Podcast

Many of the conference sessions at BookExpo were taped for Podcast as was the session I hosted.

Here is the link.

This session provides an overview of the social networking activities of various publishers and provides a window into their motivations, successes and expectations. It is hosted by Michael Cairns, founder of Information Media Partners. Speakers include Michael Hyatt of Thomas Nelson, Carrie Kania of Harper Perennial, Jim Behrle of Overlook Press, Karen Christensen of Berkshire Publishing and Malle Vallick of Harlequin.

Pearson, GE and Dow Jones

While Pearson has not admitted engaging in any discussions there is much too much noise about this possible deal for nothing to be going on. The Independent has an article this morning which examines how the deal may be done that enables Pearson to retain earnings growth and return rates that they have promised shareholders.

So Pearson has been casting about for a partner, with the latest mooted structure being a joint bid with GE, the outcome of which would be a joint venture where the two own equal shares of 40-45 per cent and the Bancroft family retain a stake of 10-20 per cent. GE would put CNBC into the joint venture, Pearson would put in the FT and possibly some of the other assets from the FT Group, which also owns The Economist and a host of specialist financial magazines and databases. One or both would also have to contribute some cash so that the Bancrofts and Dow Jones' other shareholders could get something close to Mr Murdoch's $60-a-share for their holdings.

The odds are still with NewCorp but it looks like being a far more interesting process than it looked two weeks ago.


UPDATE: Bloomberg

GE and Pearson have dropped their discussions on a potential bid for Dow Jones. The odds are even more in favor of News Corps bid and the market agrees. The stock price for DJ has settled at the offer price.

News Corp Discusses Combining MySpace and Yahoo

An interesting story in this morning's London Times that suggests that News Corp executives and Yahoo have discussed the combination of MySpace with Yahoo. News Corp would retain approximately 25-30% interest in the combined entity. With the departure of Terry Semel, the discussions could die a quick death but with the massive strategic issue that Google poses to Yahoo the company must be thinking that organic incremental growth is not going to cut it and that they will need to construct more than one major deal to both build momentum and compete aggressively with Google. The combination with MySpace is certainly interesting but if you coupled that deal with a merger with EBAY - which also has its Google problems - and suddenly you have a legitimate antidote to Googleness.

EBSCO Acquire Some ABC-Clio Databases

Ebsco announced yesterday an 'historic' agreement with ABC-Clio to acquire two of ABC-CLIO’s renowned databases, Historical Abstracts (HA) and America: History and Life (AHL), and will distribute eight additional award-winning history databases in addition to ABC-CLIO’s online history eBook collection, History Reference Online. EBSCO continues to add content to their concentrated 'silo' offerings which makes them the number one source of affordable academic reference material.

From the press release:

Tim Collins, President of EBSCO Publishing, said: “We are extremely excited about this partnership. Our relationship with ABC-CLIO will enable expanded access to some truly remarkable resources. As always, we remain committed to adding value for librarians and researchers in the research process.” Collins continued: “As a company that remains committed to growth, and one of the largest licensors and digitizers of content in the world, we are delighted and honored to be able to work with ABC-CLIO to enhance and expand history resources for teachers, students, and scholars.”

Gary Rautenstrauch - New CEO SirsiDynix

Vista Equity Partners appointed Gary Rautenstrauch the new CEO of SirsiDynix as of this weekends ALA conference in Washington DC. Gary was last at AMS and had been hired to sort out that mess which developed into a much larger problem than most people realised. Most people in library land will know him from his time at Baker & Taylor. He replaces Pat Somers who left Sirsi after Vista Equity invested.

Press Release