Tag: revenues

  • Google noose?

    The A.P. will work with portals and other partners who legally license our content and will seek legal and legislative remedies against those who don’t. We can no longer stand by and watch others walk off with our work under misguided legal theories.”

    That’s what Associated Press Chairman William Dean Singleton said, in what is obviously a salvo against news aggregating services like Google. The ‘misguided legal theories’ here refer to the ‘fair use’  legal doctrine that news aggregators and search services have been using to use snippets of articles. AP’s concern is that many of these services have been making revenues out of packaging these stories. Also, while AP does have deals with Google and several other engines for some of their content, apparently search throws up material not covered by these agreements.

    Interesting to note that AP had sued MoreOver (Verisign) for snippeting and linking to its news, and Google had signed a deal with AP 2 weeks prior to that. That case was settled, though I have not yet been able to get details. AP now has plans to launch own news site – a “new search pages that point users to the latest and most authoritative sources of breaking news”.  It suggests a system to track content – one that would create, in effect, “fingerprints” of content that could track usage and links. Journalism Online is another entity that wants to help newspapers and magazines charge for their content online.You can read the interview with Steven Brill, who has started it with two others, here.

    Google’s contention is that they’re directing a lot of traffic to the news sites, and any newspaper that doesn’t want to be part of Google News can do just that. Scott Karp says at Publishing 2.0, Google has played to its strength and wrested control of the distribution of news. Interesting comments too. Google allowed users to find content that they wanted, and became the start page when people wanted to find something on the web. That’s something media companies still aren’t doing right, and in between, Google managed to push in the ads, and make a few dollars. Erick Schonfeld, at TechCrunch has an interesting take on this – he points out that (in the US) Google News is behind Yahoo News as well as the sites of the NYT, and Google is actually exposing news, and helping other sites make money too. He argues that while Google does play a part in getting traffic to sites, ultimately it is the content that gets readers and sets the price. Jackie Hai explains how the “The AP syndication model works in an economy of information scarcity, whereas the web represents an economy of abundance.” I recently read about Google Web Elements, which allows Google products to be added to any website. That includes Google News and takes distribution to a whole new level.

    Though the AP issue is mostly an American one, there are similar sentiments being echoed in Europe too. According to NYT, Belgian Danish and British newspapers want Google to reach agreements with them before using their content. Though each country will have its own dynamics as far as news distribution and maturity of media platform goes, these cases are sure to set precedents.

    The media landscape is changing. Its not just that old media is changing rules to figure out revenue models. Its about an airline becoming a content ‘publisher‘, individuals becoming advertising mediums, services like TwitterGrep popping up to utilise the instancy of Twitter… and so on. As Jackie Hai mentioned in his article, the participatory web has blurred the lines between content producer, distributor and consumer. We play all three at different times.

    The measures that newspapers have or are making to earn revenues on the web seem to be insufficient. That includes online advertising, micro payments etc. I increasingly feel that a repair might not be enough. Perhaps a complete overhaul is the ask. The fingerprinting does spark a thought about the role of individual journalists, and the importance they should have in the new system. The web is increasingly becoming a relationship based medium where personal equity and trust are currencies. Perhaps the corporate newspaper needs to be replaced with a more human and humane network, perhaps it should create a core competency on the web in specific news sections – these could be geography based, maybe there is an opportunity for an aggregator in the challenges of hyperlocal news.  Perhaps it can even be category or genre based. Traditional concepts, but built with a social web perspective. Perhaps they should build a legion of citizen reporters who are paid according to the quality of their contributions . After all there is always a need for quality driven and trustworthy news and analysis. The need remains, but the readers’ wants of delivery platform, timing etc have changed.

    The recent (and sometimes) drastic measures taken by Indian newspapers shows that its not as impervious as it was considered. That gives more reason to prepare for a changing landscape. To start figuring out consumption patterns ,  multimedia possibilities, cost implications, distribution dynamics and revenue streams on digital platforms. Maybe they’re all waiting for PTI to fight Google, or is it Yahoo Buzz 😐

    until next time, a new sprint

  • “What will you do when the money goes?”

    Even as stories abound about a Google acquisition of Twitter, Adage had a story on how Google is already making money out of tweets. According to the article, Google is offering ad units that display the client’s five most recent tweets across the AdSense network. The link leads straight to the client’s twitter account, and the campaign is measurable by the increase in follower count. One could say that Twitter gets some publicity out of this, but its obviously not getting any money.

    The ad network Federated Media recently launched ExecTweets, a site that aggregates tweets from business executives. The site is sponsored by Microsoft. With a twitter account, you can join the conversation, receive tweets from the community and vote for tweets and execs. At least on this one, Twitter will make some money.

    Since we have mentioned two biggies, might as well mention the third too, though what they’re doing is different from the above. Sideline is the desktop app from Yahoo, that runs via the AdobeAIR platform. It can do custom search groups, advanced queries and auto refreshes by pulling in data from tweets. There are other services that offer similar features, but maybe there’s more coming. And it does promise 20% more awesomeness. 🙂 On a tangent, a service called Say Tweet, which I have used in my personal blog to display my Twitter status, does give a sense of what Yahoo could do with Flickr and Twitter.

    In addition to the biggies above who’re using Twitter, there are numerous applications and services being built based on Twitter, and several others inspired by Twitter. A few examples. Tinker, from advertising and publishing network Glam Media, allows users to track real time conversations (from facebook and Twitter) happening around TV shows, entertainment events, conferences, and so on. It gives information on events by showing most followed and most discussed streams, popular events, and on trends with charts and historical data.  It also has embeddable widgets, which can be used to view a feed as well as update. They already have advertising and featured events and have further monetisation plans. iList Micro, from the iList service that alllows you to broadcast your listing to friends across networks, is the Twitter version and uses the hashtags #ihave and #iwant to create a simple process of classifieds. I have already mentoned Yammer (which now offers integration with Twitter), and Blellow in earlier posts, which are renditions of Twitter for more niche/enterprise uses, there’s also status.net arriving in a couple of months time.

    In spite of the several ways in which business are using Twitter, and the potential, I actually get worried when such services pop up on a regular basis, because I fear that when each service figures out a revenue model, one door could possibly be closing for Twitter itself. For instance, recently Jeremiah Owyang had a good post on social CRM being the future of Twitter, and within a few days, I read about Salesforce adding Twitter analytics to its CRM offering, and about CoTweet, a part marketing-part CRM tool.

    Twitter hasn’t been idle. From experimenting with advertising on profile pages (for third party and own apps, free for now) to tweaking title tags for better Google results, to hiring a concierge for celebrities (yes, really!) a lot is being done. And there’s also a new homepage design (limited roll out) which gives more prominence for the search function and increases homepage stickiness. It will also display popular trending topics (like in the current search homepage). (Hmm, perhaps one ad every 5 items, I wouldn’t mind that when i search)

    With the new funding, perhaps they have enough money in the bank to wait, watch new services, and incorporate the popular ones into their own functionality, in order to provide a diverse and robust service to all kinds of users.  Twitter is so open ended that it is different things to different people, but I wonder if identifying a few areas that they’d want to develop for revenues is of prime importance now. What I’m worried about is other services staking out potential revenue models, and whether addition of features towards no particular intent might result in everyone else but them making money out of these very features. But hey, maybe they have a plan. 🙂

    until next time, tweet dreams

    PS. the lyrics of the song mentioned in the title 🙂