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Old 08-06-2013, 01:18 AM  
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Libertarian Jeff Bezos buys The Washington Post

Libertarian Jeff Bezos buys The Washington Post

Who knew that 2013's first billionaire-libertarian-buys-major-American-newspaper story didn't involve the name Koch? And how far the once-infallible business model of newspapering has fallen....

Bezos, who was named one of Reason's "35 Heroes of Freedom" in 2003, has contributed money in the past to the Reason Foundation, the 501(c)3 nonprofit that publishes this website. Reason on the Amazon founder here.

http://reason.com/blog/2013/08/05/am...e-washington-p
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Old 08-06-2013, 04:56 PM   #16
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There is unfortunately also the possibility that stories will be generated by demand + what the advertisers want. It's interesting to think of the implications. On the one hand, WaPo can become quicker to deliver the timely news people want to hear. On the other hand, stories can easily be influenced by the highest bidder.
I don't see how that differs from what we currently have now, unfortunately...except its geared much more digitally...
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Old 08-06-2013, 05:13 PM   #17
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I don't see how that differs from what we currently have now, unfortunately...except its geared much more digitally...
Yes and no. I feel like newspapers are largely driven by editors. Yeah, reporters have to find the scoops, but there are people driving content. It's like the radio station model. Who is deciding what music plays, the DJ? The station? Or some conglomerate?

I could easily see Bezos revolutionizing the print industry to become what radio is. Or to be so obsessive about keyword results that they do the annoying ESPN thing, where they try to spin every story to be about LeBron or Tebow. It's a good way to make money, just like Clear Channel and ESPN have. It will be interesting to see what the implications are for journalism.
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Old 08-06-2013, 05:16 PM   #18
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I would have thought it would be worth more than 250 million. Maybe 10 years ago.
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Old 08-06-2013, 05:18 PM   #19
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About the only positive I see right now is that WaPo could function as a media outlet for a rebranded and repurposed American Libertarian Party.

Also, there is a huge market for unbiased news if anyone could actually deliver it. If, and that's a big if, the WaPo could practice journalism then this could be big. I doubt it though.
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Old 08-06-2013, 07:20 PM   #20
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Yes and no. I feel like newspapers are largely driven by editors. Yeah, reporters have to find the scoops, but there are people driving content. It's like the radio station model. Who is deciding what music plays, the DJ? The station? Or some conglomerate?
SOme combination, but the cynic in me says the conglomerate studios push the mega crap out there forcibly to the larger stations....
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Old 08-06-2013, 07:26 PM   #21
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About the only positive I see right now is that WaPo could function as a media outlet for a rebranded and repurposed American Libertarian Party.

Also, there is a huge market for unbiased news if anyone could actually deliver it. If, and that's a big if, the WaPo could practice journalism then this could be big. I doubt it though.
People act like nobody reads the news anymore.

The problem is that people are acting like Bezos is going to run the same business, only more efficiently. There is a ton of positives to this. People still read the news, and advertisers still pay a lot of money. But you have dinosaurs running the model. Between John Henry buying the Boston Globe, Marisa Mayer building content for mobile devices, and Bezos buying WaPo, you've got 3 great minds (two with significant digital experience) that are probably going to completely revolutionize readable news as we know it.
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Old 08-06-2013, 08:09 PM   #22
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Originally Posted by chiefzilla1501 View Post
People act like nobody reads the news anymore.

The problem is that people are acting like Bezos is going to run the same business, only more efficiently. There is a ton of positives to this. People still read the news, and advertisers still pay a lot of money. But you have dinosaurs running the model. Between John Henry buying the Boston Globe, Marisa Mayer building content for mobile devices, and Bezos buying WaPo, you've got 3 great minds (two with significant digital experience) that are probably going to completely revolutionize readable news as we know it.
It doesn't need to be revolutionized. It's giving people what they want. Opinion delivered with a bias that matches the reader. It doesn't matter what kind of pretty package you put it in, shitty content is shitty content.
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Old 08-06-2013, 08:20 PM   #23
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It doesn't need to be revolutionized. It's giving people what they want. Opinion delivered with a bias that matches the reader. It doesn't matter what kind of pretty package you put it in, shitty content is shitty content.
It doesn't matter how good your content is if you're delivering it through a shitty media. Just like it doesn't matter how good your music is if you continue to insist on selling only CDs, instead of offering it through mp3's.

And it goes without saying... big data is king. Amazon has it, WaPo doesn't. Big data helps you figure out what to talk about and measures how effective you were with it.

People are increasingly reading their news online. WaPo is competing with hundreds of news sources I can find quickly on Google News, not to mention Facebook, twitter, etc.... Bezos claims he's not going to do much to change the editorial staff. This is purely about taking the same content and figuring out how to make the media finally get out of the dinosaur approaches of the past which are clearly not working. WaPo is bleeding money.
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Old 08-06-2013, 08:33 PM   #24
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Lives in the other Washington and owns paper in my home town. I am wild for this. The ability and beginning to ever more to double entendre abounds.
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Old 08-06-2013, 08:40 PM   #25
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Originally Posted by chiefzilla1501 View Post
It doesn't matter how good your content is if you're delivering it through a shitty media. Just like it doesn't matter how good your music is if you continue to insist on selling only CDs, instead of offering it through mp3's.

And it goes without saying... big data is king. Amazon has it, WaPo doesn't. Big data helps you figure out what to talk about and measures how effective you were with it.

People are increasingly reading their news online. WaPo is competing with hundreds of news sources I can find quickly on Google News, not to mention Facebook, twitter, etc.... Bezos claims he's not going to do much to change the editorial staff. This is purely about taking the same content and figuring out how to make the media finally get out of the dinosaur approaches of the past which are clearly not working. WaPo is bleeding money.
So it's just another content provider pushing the same crap. Nothing revolutionary.
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Old 08-06-2013, 09:41 PM   #26
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So it's just another content provider pushing the same crap. Nothing revolutionary.
Again, you are obsessing over the content, and not the delivery. iTunes didn't change music, it just changed the way it was delivered.

Publishers are bleeding money the same way the music industry bled. Bezos brings some incredible things to the table that will absolutely revolutionize content as we know it. Content in a cloud. Seamless integration with tablets and kindles. Potential bundling with Amazon services. 10 years ago, Amazon just sold books. Have you paid attention to what they've done since? What's exciting is we don't even know what he's thinking here... what we know is we have one of the most innovative business minds out there taking a strong interest in a dinosaur of an industry. People haven't stopped reading content, they're just reading it in different ways (the publishing industry has not adjusted)

And it's not just another content provider. Amazon has a massive amount of data on reader preferences that nobody has. Do you realize how much data goes into them suggesting books for you? Imagine a publisher that can deliver news to you in that way. Imagine clicking on two Chiefs article and the next day, getting an article on Andy Reid on the front page. I think Bezos is going to revolutionize the design of the site and will have an incredible knack for getting you a front page that gets smarter about stories you may want to read as you keep using them. There are niche publishers that can sort of do this, but not to the same scale as WaPo is, nor with the access to the kind of editors and writers that WaPo has.
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Old 08-06-2013, 09:59 PM   #27
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Again, you are obsessing over the content, and not the delivery. iTunes didn't change music, it just changed the way it was delivered.

Publishers are bleeding money the same way the music industry bled. Bezos brings some incredible things to the table that will absolutely revolutionize content as we know it. Content in a cloud. Seamless integration with tablets and kindles. Potential bundling with Amazon services. 10 years ago, Amazon just sold books. Have you paid attention to what they've done since? What's exciting is we don't even know what he's thinking here... what we know is we have one of the most innovative business minds out there taking a strong interest in a dinosaur of an industry. People haven't stopped reading content, they're just reading it in different ways (the publishing industry has not adjusted)

And it's not just another content provider. Amazon has a massive amount of data on reader preferences that nobody has. Do you realize how much data goes into them suggesting books for you? Imagine a publisher that can deliver news to you in that way. Imagine clicking on two Chiefs article and the next day, getting an article on Andy Reid on the front page. I think Bezos is going to revolutionize the design of the site and will have an incredible knack for getting you a front page that gets smarter about stories you may want to read as you keep using them. There are niche publishers that can sort of do this, but not to the same scale as WaPo is, nor with the access to the kind of editors and writers that WaPo has.
Amazon Prime Instant Video/Kindle Lending Library principles applied to the news business. I think you're heading down the right track.
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Old 08-06-2013, 10:11 PM   #28
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Originally Posted by chiefzilla1501 View Post
Again, you are obsessing over the content, and not the delivery. iTunes didn't change music, it just changed the way it was delivered.

Publishers are bleeding money the same way the music industry bled. Bezos brings some incredible things to the table that will absolutely revolutionize content as we know it. Content in a cloud. Seamless integration with tablets and kindles. Potential bundling with Amazon services. 10 years ago, Amazon just sold books. Have you paid attention to what they've done since? What's exciting is we don't even know what he's thinking here... what we know is we have one of the most innovative business minds out there taking a strong interest in a dinosaur of an industry. People haven't stopped reading content, they're just reading it in different ways (the publishing industry has not adjusted)

And it's not just another content provider. Amazon has a massive amount of data on reader preferences that nobody has. Do you realize how much data goes into them suggesting books for you? Imagine a publisher that can deliver news to you in that way. Imagine clicking on two Chiefs article and the next day, getting an article on Andy Reid on the front page. I think Bezos is going to revolutionize the design of the site and will have an incredible knack for getting you a front page that gets smarter about stories you may want to read as you keep using them. There are niche publishers that can sort of do this, but not to the same scale as WaPo is, nor with the access to the kind of editors and writers that WaPo has.
I have had that exact same experience through settings in an interface on my homepage...around ten years ago. Also, I have a Kindle. It fills almost the same exact function that my laptop used to. Content in a cloud is not impressive or revolutionary. It's still the same content.
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Old 08-06-2013, 11:23 PM   #29
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I have had that exact same experience through settings in an interface on my homepage...around ten years ago.
Amazon has one of the most intelligent recommendation algorithms out there. But I'm sure your homepage interface rivals it. And you continue to dodge the iTunes question. Do you think iTunes was the first mp3 music store or that iPods were the first music device? It's about the delivery mechanism. And Bezos can make a delivery mechanism that will clean everyone's clock, including your homepage.

Quote:
Also, I have a Kindle. It fills almost the same exact function that my laptop used to.
This isn't built for you. You may like your laptop. In less than a year, mobile internet usage will surpass laptop internet usage. Finding a great way to make content tablet based is an absolute game changer. Mobile too, but I think Yahoo is going to crack that code.

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Content in a cloud is not impressive or revolutionary. It's still the same content.
You keep saying it's not revolutionary. What major publishers are doing this well? The white space is absolutely out there.

First, it is not the same content. No publisher has had the ability as WaPo can to create content based on user data. The content is going to be smarter and more relevant to what readers want to read.
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Old 08-06-2013, 11:31 PM   #30
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Amazon has one of the most intelligent recommendation algorithms out there. But I'm sure your homepage interface rivals it. And you continue to dodge the iTunes question. Do you think iTunes was the first mp3 music store or that iPods were the first music device? It's about the delivery mechanism. And Bezos can make a delivery mechanism that will clean everyone's clock, including your homepage.


This isn't built for you. You may like your laptop. In less than a year, mobile internet usage will surpass laptop internet usage. Finding a great way to make content tablet based is an absolute game changer. Mobile too, but I think Yahoo is going to crack that code.


You keep saying it's not revolutionary. What major publishers are doing this well? The white space is absolutely out there.

First, it is not the same content. No publisher has had the ability as WaPo can to create content based on user data. The content is going to be smarter and more relevant to what readers want to read.
It's fairly clear that you aren't actually reading my posts. No big deal, you are getting swept up in the hype so you're excited, but it's impossible to have a conversation like this.
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