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Monday, November 23, 
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Britannica to challenge Wikipedia online?

Posted on March 31, 2009 at 3:05 PM
Filed under: Best Practices | Case Studies | Corporate Strategy | People | Trends
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BritannicaBig.pngNot likely -- at least when it comes to volume. Encyclopedia Britannica Inc. is, however, taking a big strategic cue from user-updated online encyclopedia Wikipedia. The storied franchise will call on members -- whose names you will be able to see -- to update its entries online.

Microsoft Corp.'s (NASDAQ:MSFT) Encarta may have bowed out to Wiki's dominance, but Britannica believes its credibility will make its online offering one worth paying for.

An in-depth Boston Globe article on Britannica's new strategy quotes president Jorge Cauz saying Wikipedia articles are about trivial topics Britannica has no interest in covering. "They can talk about porno actors and cartoon characters as well as heart attacks," said Cauz. "That is something we will never do."

The article notes that Britannica will still focus on its core market: schools, libraries and homes, where people need authoritative information on important topics. But who knows how many will pay for it? - Baz Hiralal

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Comments
Comments
From: S Stevens,

The comments about Encyclopaedia Britannica and Wikipedia are interesting.

Encyclopaedia Britannica did not think that an open source product like Wikipedia would significantly challenge the credibility of its brand. They were dead wrong and Encyclopaedia Britannica's staff seriously misread the global market. They are now very concerned about the widespread use of a free Wikipedia vs their paid subscription model. From a corporate and financial perspective, Encyclopaedia Britannica is in significant trouble.

It will be interesting to see if Encyclopaedia Britannica survives, but recent indications do not look good. It is the combination of a) the success of Wikipedia and b) improved search engines that has put financial pressure on Encyclopedia Britannica over recent years. Many libraries, schools & individuals are questioning the need to pay for sets of expensive books, or to subscribe to Encyclopaedia Britannica Online, when the content is free on the internet, and much more comprehensive.


From: Ian Grant,

S. Stevens posted this same response on a different site under the name of S. Williams at 12.08 am on February 12th 2009. Stevens (or S. Williams) has made this comment before on other blogs, without change. This is simply lazy blogging. I have answered it elsewhere, but will do so again.

I am commercially responsible for Britannica's operations in Europe, Middle East and Africa. In these markets our academic, library, schools and consumer business grows. Over the last two years, for example, more people have paid us more money each year in each sector to subscribe to our products. Our subscription renewal rate in academic and library markets is 98%, indicating approval and confidence in what we publish and how we do it.

The difference between Britannica and Wikipedia is between mission, values and execution. One is not better than the other - they are different and do different things. In the schools context, for example, you have to be a consenting adult to understand how to read Wikipedia: you have to know how to read the medium, as you do with any other communications medium - newspapers, TV etc. A schoolchild doesn't have the experience to do this: she or he has no means of telling whether a Wikipedia article is written by a professor, a mad professor or a madman or all three. In all my discussions with Wikipedia folk, they don't suggest that anyone should use the material in Wikipedia as facts in school or academic work without checking a second source. Which is fine, they know what they are doing.

Britannica has a different proposition. We have 4,500 contributors around the world who are eminent in their fields. We commission them to write articles and pay them. We have 100 editors who fact-check the material, edit it for style and tone so that there is a consistency of reading level; we edit it for language level, since we publish separately for adults, teenagers and children. We refresh and update continuously. People use Britannica because they have confidence in the material.

We believe this way of publishing offers editorial value to our users and that this value can be expressed as a commercial transaction. For consumers we ask that they pay us the equivalent of One Pound Sterling per week. We think this is very reasonable. Teachers and students receive the material free in any institution that subscribes on their behalf - as growing numbers do.

I ask Mr or Ms Williams (or Stevens) to be a little less Wiki and a little more Britannica in her or his public correspondence - and write fresh text rather than simply pasting old opinions.

Ian Grant


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