Jay Rosen of NYU: iPad is "Magical Thinking" for Old Media

Very engaging interview with NYU Journalism Professor Jay Rosen by the Economist.

He considers the buzz within the media industry regarding the iPad to be an example of "Magical Thinking" by media companies, where their business models are broken and they're looking for a new device, some new technology, ANYTHING that can save them.

He notes that the two most valuable assets of big media companies such as the New York Times are their brand and their readers, and that in the coming iPad era, finding ways to leverage the value of those two key items will be most important to their survival, not sitting and hoping that a single device will save them.

I concur, except that I see the iPad as a platform through which these media companies can find new ways to leverage those assets, if they're willing to engage in a little innovative thinking.

It's clear to me that even if it can't save the most stubborn print media, the iPad will certainly be a significant boon for the advertising industry, opening up a whole new channel for larger-scale digital creative, replacing fees and commissions that have been shrinking as the print industry implodes.


Sorry there's no way to embed the video directly, so click the picture for a link to economist.com, and go to the bottom of the page (or you may have to search for it if you're reading this post more than a few days after it was published).

Comments

Post a Comment

Popular posts from this blog

Armstrong Debacle: Are Celebrities too Risky for Brands?

Once again, brands that thought they could borrow some magic from a celebrity find themselves swimming in confusion and controversy, like poor Mickey Mouse in The Sorcerer's Apprentice . From  AdAge : Within hours, Mr. Armstrong's endorsement empire fell apart as Anheuser-Busch, Trek, Easton-Bell Sports, 24-Hour Fitness, Honey Stinger, Oakley and other firms dumped the cancer survivor, even as some pledged to continue support of his Livestrong Foundation. Nike's livid. The US Postal Service is dismayed. I'm not at all surprised. Celebrity endorsements are a double-edged sword for brands. When the celebrity is hot and you're slicing the competition into prosciutto, life is good. When the celebrity trips and the brand falls on that sword, well, not so good. The foibles of even the most upright-seeming celebrities are eventually exposed and magnified by social media and the Internet, association with stars is a minefield for brands. Eventually someone's
Read more

SAAB, Venerable Swedish Brand, Dies at GM's Hand

Don't you hate mornings where you wake up to learn from the New York Times that yet another intrinsic part of your youth has died? with a narrow, though loyal, customer base focused on Sweden, Britain and the American Northeast, Saab has proved too small to lure the world’s big automakers, many of which are seeking tie-ups to increase economies of scale. For me, learning that SAAB would be closed by the feckless GM demons who became their master left a big hole in my heart. Why? Because a 1972 SAAB Model 96 was the first car I ever bought with my own money. It was my first automobile-based personal brand statement. I was a budding iconoclast, and could think of no better way to show that to the world than to drive around in this funny looking foreign car. The ignition on floor. The handle under the dashboard that you could pull out so the car would freewheel at highway speeds, settling the car into an eerie quiet as the motor shut down to idle, and the little upside-down bat
Read more

Insurance Marketing: Morbidity Begone!

From Ad Age, a good story about Lisa Bacus, CMO of American Family Insurance and how she's remaking the company's image with a really sound media and creative strategy: Like many advertising categories, insurance marketing was heavy on tactics and price-driven deals but short on branding in 2009. That's where Lisa Bacus, VP-marketing for American Family Insurance, saw an opportunity -- to tell brand-driven stories while her competitors, such as State Farm and Allstate, were driving home the literal value of their packages. Beginning in fall 2009, the insurance marketer and its media agency, Mindshare Entertainment, embarked on its first branded-entertainment strategy, encompassing several integrated entertainment programs with multiple media partners. The first, focused on agent interaction, was led by "In Gayle We Trust," a branded web series for NBC.com (written by Brent Forrester of "The Office") featuring a fictional American Family Insurance a
Read more