If you are as fascinated about the relationships between data as I am, here’s a great blog for you: Datawocky.
If you are as fascinated about the relationships between data as I am, here’s a great blog for you: Datawocky.
CNET Networks was bought by CBS today. It is all over the web, but here’s a straight story. One of the weird things about acquisitions like this, is that they give rise to a bunch of stories like this one at Wired. Why do reporters even bother talking to anonymous employees? I can guarantee you that none of the employees interviewed have any idea what CBS’s plans for CNET are.
If TechMeme stats were money, then CNET Networks would be wildly profitable. Statbot did a study of all-time posts on Techmeme, and once again the CNET Networks’ properties (News.com and ZDNET) were way ahead of the other contributors. Check the study out at Statbot.
I Just finished reading Winner Takes All, a highly engrossing account of the last 30 years of the casino business in Las Vegas. Perhaps the best parts of the book are the sections in which the people running Harrah’s (a casino company) try and convince themselves that they are not preying on addicted gamblers. Unfortunately, when you look at the revenue figures, you see that ninety percent of Harrah’s profits come from about ten percent of the gamblers. That’s a pretty good indication that it’s not people looking for a little excitement who are funding all these casinos. This reduces their CEO to arguing that they are still better than tobacco companies. Whatever helps you sleep, I guess. |
Just read the mission statement:
“Our mission is to deliver the essential suite of software and services for individuals around the world, designed to help them stay connected (browse, create, manage, and share with the people they choose, on any device) and protected (provide safety and security for their information, their families, and their devices), built on the leading platform for developers, merchants, and advertisers.â€
There’s no way anyone can succeed with that broad and vague a mission. Why not just say “We will build something incredibly cool!” It’s just as grandiose. For more on Windows 7 and Live Mesh see Mary Jo.
A while ago, Techmeme was abuzz with Michael Arrington’s plan to crush CNET. So, using the Techmeme leaderboard, I decided to look at the relative influence of the two brands. On the surface, TechCrunch is in the lead with a 7.01% presence to News.com’s 4.44%. However, if you add up all the CNET entries and compare them to the combination of TechCrunch and CrunchGear, you will see that CNET is in the lead with a 10.54% presence versus TC/CG’s 7.21%. Now, that’s still pretty good for TechCrunch, but I think it’s a good indication that CNET is nowhere near as irrelevant to conversation on the web as a lot of people like to think. For reference, here’s all the CNET properties that made the leaderboard, and their presence percentage:
and, boy are my arms tired (Sorry, couldn’t resist). Here’s all the places I visited:
Why all these places have to use Flash on their web sites, I don’t know. I heartily recommend two out of three of them. I also ate at a great sushi place (called 28 Asian Cuisine) on 28th Street across from the Ziff Davis building. I can’t find a web site, but they’re easy to find.
I’m boycotting the Beijing Olympics and I urge everyone else to join in doing so. And, join the Facebook Group.
From the AP:
The New York Fed has announced modifications to its new Term Securities Lending Facility (TSFL). The TSFL auctions will now allow schedule 2 collateral, instead of the schedule 1 collateral previously proposed. Schedule 2 collateral will now include collaterized mortgage obligations (CMOs) and AAA rated commercial mortgage-backed securities
In other words, they will take any kind of worthless security the banks and security dealers want to pawn off on them.
In a post on TechCrunch about bloggers raising money, Michael Arrington urges these bloggers to forgo raising money in favor of banding together and crushing a medium-size media company by somehow attaining less than half it’s revenue:
Someone needs to pony up a big round of financing around an existing blog, or perhaps a new entity, and then start rolling them up into a big fat CNET crushing $200 million/year in revenue business. . . . What I’d like to see, and even be a part of, is the blogger equivalent to the 1992 U.S. Mens Basketball Dream Team. That team could take CNET apart in a year, hire the best of the survivors there, and then move on to bigger prey.
This vision is on a weird borderline between crazy and unambitious. It’s unambitious, because if you want to crush a web media company, why pick CNET? There are far larger companies you could shoot to surpass. It’s a little crazy, because it depends upon combining a large number of blogs (and, more importantly, bloggers) together. Just ignoring the potential audience overlap, doing all of those deals is going to be very, very hard. And, at the end, you still are half the size of CNET, assuming CNET doesn’t grow. Personally, I think Henry Blodgett’s comments are right on target. After expressing interest in the idea, he notes that “we would secretly hope that we could find more interesting things to do” than killing CNET.
So, Michael, if you are going to dream of world domination, pick a bigger world!
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