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We here at Media Maneuvers like blogs. We read them, write about them and even pick up column ideas from them. And we love it when they link to us an ego-boosting occurrence that typically sends lots and lots of new eyeballs to TheDeal.com and makes us feel deserving of a big, fat raise, or of a neat little bonus, at least.
But do we ask for one? Nope. Because deep down we know that the majority of those eyeballs won't be back next week. Nor will they be tooling around the rest of TheDeal.com. Chances are, they came to see something highly specific the mention of a certain media hotshot's name; a particularly searing or snarky critique of a high-profile media outlet and are less likely to be interested in this column's usual deal- and finance-centric fare. We mean, really: How many of the minions of media gossip mongers who regularly flock to sites such as Romenesko care which newspaper first carried the news of Oshkosh Truck Co.'s planned merger with JLG Industries Inc.? (It was The Times of London, if you really must know.) We've been thinking about all this because of a tempest brewing in the blogosphere (where else?) over Business 2.0's plan to turn its editorial staff into an army of bloggers and, more importantly, to pay them for their extra work based on their blogs' popularity. Business 2.0, for those of you who have forgotten, was one of the ad-bloated boosters of the late 1990s tech boom. It has since been devoured by Time Inc., where it lives alongside Fortune and Money and runs cover stories like "The Next Disruptors: 11 Companies Changing the World" or "The 31 Best Business Ideas in the World." (No. 1 on that list: "Build cheap Wi-Fi networks for Brazilian resorts." But we digress.) Anyhow, the magazine's editor, Josh Quittner, first revealed his blogging-for-dollars plan at a conference this month in San Francisco and discused it further in an interview posted on the IWantMedia Web site. He credited the magazine's September cover story, "Blogging for Dollars," for helping boost staff enthusiasm for the idea and then explained how the blogger compensation plan will work: "Our bloggers will be directly remunerated on the basis of their traffic," he said. "They'll be paid a modest CPM. Time Inc. will sell advertising on the individual blogs. So the bloggers will get to participate in the revenue they generate." (CPM, for the uninitiated, is an online ad sales model based on the number of "impressions" or views an ad receives.) And what will these bloggers blog about? Anything with "some kind of a connection to business." But not necessarily a strong one. Added Quittner: "Michael Copeland covers venture capital for us, but he's also a surfer. So his blog will be equal parts surfing and VC news." Great, Dude. We're totally stoked. Not surprisingly, Quittner's plan earned him some kudos in the blogosphere, where Matthew Ingram, for one, a technology writer for Toronto's Globe and Mail, noted that newspapers already do, to some extent, hire, fire and pay their reporters by how well they are read. "Should writers and reporters be motivated solely by a desire for filthy lucre?" he asks. "Obviously not. But it is already part of the equation. Josh is just proposing that we make it a little more obvious." To be sure, Ingram has a point. But we would argue that the issues raised by Quittner's plan are much more complicated than Ingram lets on. By encouraging his newly hatched bloggers to write about personal interests and then paying them for traffic, isn't Quittner turning this project into a personal popularity contest? What if, say, somebody on staff is a dominatrix in her spare time and blogs about that? Isn't she bound to get more traffic than somebody who collects commemorative spoons for a hobby and waxes poetic on that? And how would the dominatrix's traffic (or Copeland's surfer traffic, for that matter) benefit Business 2.0, which bills itself as "the playbook for a new generation of leaders"? How would it work with the Business 2.0 brand and how would it be monetized? Dan Shanoff, a columnist for ESPN, did a pretty good job dissecting and panning Quittner's plan on The Huffington Post's Eat The Press site. "It used to be that writers-turned-bloggers became 'hit ho's' obsessed with traffic numbers, because who doesn't want to be read by as many people as possible?" Shanoff writes. "But, now, with the added incentive of cash based entirely on traffic performance, as opposed to critical approval it's worth questioning what the effects on the journalism will be." Among the ill ones, he argues, is that journalists will tailor their coverage to topics that generate the most traffic rather than those whose audience might be a bit more specialized read small. "[W]ho wants to bet that this skews titles away from 'The Application of Actuarial Science In Interstate Commerce' and toward 'The Sex Industry: Hookers, Porn and The Bottom Line'?" Shanoff asks. In Media Maneuvers terms, it might mean abandoning our nice little niche of commenting on deal and finance coverage in favor of Romenesko-ready rants on big media names like Kurt Andersen and Michael Wolff, The Deal's core audience and mission be damned. None of this is that far-fetched. In fact, we've already seen a bevy of business Web sites wander off their parents' farms in search of new eyeballs. Forbes.com, for example, scored a truckload of links to mass-market Web sites in August by posting a provocative article urging men to steer clear of marrying career women or risk living in a dirty house. Way to go, Capitalist Tool! And BusinessWeek Online, the new home of former Forbes.com "lifestyle editor" Charles Dubow, is running "slideshows" on such un-businesslike topics as the "Coolest Cop Cars," "Super Bathrooms," and our personal favorite, "Super Doghouses." "From the canine avant-garde to the miniature mutt mansion, this BusinessWeek.com slideshow gives dogs and owners alike something to drool over," it coos. But are those droolers really BusinessWeek readers? Will they return to the Web site day after day and read its other, more business-y fare? Or are they just passing through on their way to DogChannel.com? Perhaps only time will tell if all eyeballs are good ones and if splashy, less-specialized Web content, whether via blogs, slide shows or whatever, can attract the kind of high-powered, high-income readers magazines such as BusinessWeek and Business 2.0 purport to deliver to advertisers. In his Huff Po piece, Shanoff laments that Business 2.0's plan will divert its journalists' attention "from the quality of their writing to the quality of their traffic." But we'd argue that the quality of the traffic has yet to be taken into account. Right now, it's all about the quantity.—Yvette Kantrow Categories![]()
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