The AP and Bloggers

Adapt, innovate or die.

Creative destruction in progress. Of course, those being destroyed usually run for lawyers or Congress.

Sounds a bit like what the recording industry is going through.

In the late 80s the industry still had a monopoly on recording and distribution. No more.

I don't know whether it's coincidence or not, but all the music stores in the mall across from where I live have finally closed their doors.

Technology really changes where and how money is made.

The AP should look into commodities trading.

They should team up with the RIAA.

The answer is to change the model. Adapt. Innovate.

You are behind the times, CR. That's the old American way.

The new American way is vegetate. Legislate. Sue.

Already noted this, but in a less appropiate place. Greg Ip is moving to the Economist. Sudeep Reddy will be writing the Fed stuff for the WSJ for now, as he did in today's edition.

CR writes: "The real problem is the AP business model no longer works."

Thus the current plight of most daily newspapers.

Agree, when I ran my blog (50-60k hits per day) newspapers would send thanks for posting and linking back.

The AP needs a home base for their stories that bloggers can link to.

El Pato, I remember my marketing professor finishing the semester with three words: "Innovate, innovate, innovate".

That really stuck with me my entire career - constantly innovate in everything, new products, new processes, etc.

I think the AP needs to rethink their model.

k harris, thanks for the info on Greg Ip - he has done a great job at the WSJ. I'm sure Sudeep Reddy will do a great job too - I've excerpted from a few of his articles.

Best Wishes.

*per month (ugh)

I'm gonna miss the print media. your second suggestion is a good one, but it only delays the inevitable. In a recession, ad revenue won't suffice either.
Did the mainstream media get bad because of whoring or because of lack of funds? Are they the same thing? What replaces it?

crispy&cole, I like the idea of a central site for everyone to link to with advertising. I think that would solve the AP's main problem.

There is a secondary problem of some people posting entire articles - but that requires a different solution (and no one will complain about mean letters being sent to those sites).

Best Wishes.

Great post.

It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.
Charles Darwin

Doesn't AP already host its content on Google ? Google already has the necessary ad network and infrastructure to monetize that incoming traffic but I've never seen ads on their news stories. Wonder why.

Regards.

I thought it was location, location, location.

I don't understand the problem. I don't believe the AP releases any of its content except via its members. Ergo, if the link from blogger goes to a member's site, the revenues flow the way they should. Advertiser-to-Newspaper-to-AP. The only way bloggers posting excerpts should be a problem is if they post links direct to an AP site (as opposed to a member site) where the AP members cannot generate ad revenues for views.

A central hosting site that bloggers can link to is a good idea for AP. All they need is a way of getting bloggers to do that; a tiny click-thru fee, perhaps, with online ads on the AP side to compensate?

If AP wants to sit on bloggers who post entire long stories, maybe there's some justification. But posting excerpts and links, as CR does -- that's best practices. Meta-bloggers in the media, like Froomkin over at the Washington Post, do this all the time.

Gosh, CR, that was downright ... sane and levelheaded!

Not that I expected anything different from you.

I thought Atrios overreacted. Usually he's cool as a cucumber.

Perhaps we should just bailout the AP, too.

AP = bug
Internet = windshield of fast moving vehicle

Not sure there is an innovation short of window cleaner going to fix this one.

Elvis writes:
Perhaps we should just bailout the AP, too.
Elvis | 06.17.08 - 2:41 pm | #

Why don't you ask them when they have their conference call?

At the risk of being the bad guy (a role I admittedly relish), I'll take the AP's side. They do the actual hard work gathering the news, and bloggers have been riding the gravy train for quite some time, getting ad revenue without having to go into war zones, crunch serious raw data, or put up with interminable press conferences.

The real solution would be for AP to require that every blogger who uses their content pay a subscription fee, or split ad revenues. I agree, the old model is broken, but bloggers may not care for the new model, in fact, they may hate it. But until they're willing to put on a bulletproof vest and/or spend hours on the phone doing interviews, they will have no choice.

And I sincerely hope that news does not go the way of the recording industry. The disincentives for talented people to go into music are very real (you can make more as a crooked mortgage broker than as a musician), and the poor quality of music reflects that; I would hate to see news go the same route. Music fans have successfully killed the thing they loved most, but that's another topic for another time. Television and music are dead, at least the movie industry is still functional, for now. News, however, is very much at risk.

OT:

Shaq to save Orlandoans from foreclosure.

Now if only Rasheed Wallace would follow his lead...

The real solution would be for AP to require that every blogger who uses their content pay a subscription fee, or split ad revenues.-- Peripheral Visionary

This is really simple, as both Atrios and Kos have pointed out.

It's Fair Use. Period. The AP doesn't get to decide what that means. The case law is very clear on it.

If they want a new model, change the law. Otherwise you get to follow it.

Opportunity knocks to anyone who can open a portal with advertising that takes AP stories and rewrites them so they do not infringe on copyright.

<

blockquote>Music fans have successfully killed the thing they loved most, but that's another topic for another time. -- Peripheral Visionary

<

blockquote>

Sorry, but you're 0 for 2.

Music fans didn't kill the music industry, it was suicide. They clung, and are still clinging to old models, and never tried to understand what was happening with digital distribution.

I speak as the spouse of a musician, who was involved very early on in trying to define the guidelines for the whole digital rights issue, and our best friend is one of the top music rights attorneys in the business.

The RIAA and much of the music industry are dinosaurs, and instead of looking for new models for making money that would fit the new realities, they stuck their fingers in their ears and went "la-la-la-la I can't hear you!" time after time, and continue to do so.

like heartbreak ridge, adapt, improvise, overcome, you pussies!

Paint me confused, but those who subscribe to AP do so to use the stories and provide content so that they get...more reads/pageviews/eyeballs/traffic.

When bloggers link to AP stories on specific sites that leads to more reads/pageviews/eyeballs/traffic to that site. Which is why someone subscribed to AP in the first place.

Quelle Damage?

Perhaps we should just bailout the AP, too.

Congress needs to act urgently. The kids can't get work during the summer.

To be fair, the AP and it's members are between a rock and a hard place on this. What it comes down to is not number of readers, but what the ad rate is.

The CPM (ad rate) for a national audience is a fraction of what a local newspaper gets. We have a daily here with maybe 20,000 subscribers that does very well for itself. A Web audience ten times that would fetch about one tenth the revenue, if they were very good at ad sales.

None of the newspapers truly make money off their Web sites--unless they get the content for free. I remember how after several years nytimes.com bragged they were at break-even, but paying nothing for content from the highest paid newspaper staff in the country. Wow.

I'm not really sure how things will turn out. But I think it's a lot easier to tell them to adapt and innovate, then to come up with the how.

When the going gets tough, the tough get going, now move along little doggies.

according to Kos, AP is seeking to impose Terms of Use that prohibit anyone from criticizing AP or anyone at AP associated with generating the content being used

hilarious! they are really asking for it

Ultimately, the AP's approach to this might be a Good Thing for bloggers. By setting out specific allowable use guidelines, they are in effect assuring users of their work that they don't need to worry about asserting a fair use defense to copyright.

Tribune, MediaNews May Wind Up in Default as Ad Sales Evaporate - Bloomberg.com

Print media is hurting badly.

I know we all love bloggers, etc, but newspapers are a significant presence that aren't replaceable.

bloggers + newspapers is much different and has much more value then just bloggers.

It isn't just (or mainly) bloggers. You have ebay/craigslist. Classifieds were always a cash cow. Cable. Higher costs.

I love a print version of a national newspaper (NYT). I'm not happy with the trend.

By setting out specific allowable use guidelines

The law already does that. The AP has no say-so. At all.

Easy to tell the AP to innovate, but it's a particularly clue-free organization. Their coverage is terrible and often biased, which wasn't a problem when they were only published on dead trees. The Internet age brought a slew of (often legitimate) complaints from outraged readers over bad reporting.

The AP responded that they weren't a retail news organization and didn't have any way to respond to readers. Next blowup, they said it again. Then they said it again. Then they said it again. They're still saying it. The thought of, you know, adapting never occurred to them. Still hasn't.

The McClatchey layoffs are a far more serious threat to journalism than the AP going out of business.

and, McClatchy has the same attitude as the AP towards dealing with reader complaints, if my experience with the Sacramento Bee is any indication

Markel writes:
By setting out specific allowable use guidelines
The law already does that. The AP has no say-so. At all.

This is essentially set by case law, which isn't always that specific. But lifting 4-5 paragraphs is almost certainly crossing the line, and bloggers do that on a regular basis.

Piss off AP:

The number of new housing projects started in May fell 3.3 percent to a 975,000 pace -- the lowest in 17 years -- as builders pulled back further. Builders are smarting as unsold homes as well as foreclosed homes pile up, adding to already swollen supply. Sagging demand from would-be buyers and -- more recently -- rising mortgage rates, are adding to builder headaches.

"Builders are doing the exactly the right thing -- cutting back," said David Seiders, chief economist at the National Association of Home Builders. "Now I'm a little more worried on the interest rate front. I think we'll see mortgage rates recede to some degree. If not, it will be a tougher road for housing than anticipated," Seiders said.

I doubt that AP properly quotes and links to blog and web sources. Most of the big media seems to have a problem with this. They prefer one way only... Frankly the web sources are now covering most of what AP does and better. I thing they AP going to really regret this bad attempt to preserve their turf.

Most Bloggers have the right idea, at this point AP no longer exists on the internet. serves them right, see if they ever recover.!!! Don't link to them don't allow them to use your material, sue them if they do.

Meanwhile... the PPT takes an extended lunch break and the market starts to tank. 17% YOY PPI(1.4% monthly PPI) must really mean something... rumors of GS hedge fund blowing up...where are Seb & O-joe??

Bookstores do not seem to be going out of business. I am very happy about that. I feared we were seeing the demise of the book, but it doesn't seem to be so.

I have always found newspapers to be extremely inaccurate. When I observed something and it was reported, I found the reportage completely different from what I had observed. Starting with demonstrations in the 60s. Down to some easy innocuous things that were hard to get wrong. Therefore I believe nothing in newspapers, except stuff like the stock listings and times of church services, and that Dear Abbey opined what she opined.

I won't miss what was never very good.

crude inventories forecast june 18th, 2008

anyone care to guess

ac,

Re: "Sounds a bit like what the recording industry is going through."

I'm not a huge Pearl Jam fan, but they are highly innovative and they have provided the last nail in the record industry coffin, with made-to-order custom CDs which they burn for you and then mail to you! No more middle man, period! AP better wake up and smell reality!

Re: "As we have learned from our younger fans, more and more listeners are accessing their music through their mobile phones," says Ten Club manager Tim Bierman.

High-quality digital downloads and burn-to-order CDs will be available after each show through Ten Club, Pearl Jam's fan club. Mobile bootlegs of three live tracks per show will be released after each concert on V CAST Music phones at Pearl Jam's concert Web site through Verizon Wireless.

Digital downloads of full shows, available in two formats, will be $9.99 (MP3) and $14.99 (FLAC) per show. The digital downloads will be released without DRM (Digital Rights Management), so you'll be able to burn them to disc, transfer them to MP3 players or play them in your hard drive.

Re: rumors of GS hedge fund blowing up

Look for GS subprime auto loans to blow up as well! No joke dude!

Re: "I think we'll see mortgage rates recede to some degree. If not, it will be a tougher road for housing than anticipated," Seiders said."

30 year rates are above 6.3% and will continue going up IMHO!

Perhaps way OT, but just this minute saw and heard Maria B on CNBC state that "if you strip out energy and food, core inflation is ONLY up xxx%!!!How fucking dumb does this government and Wall Street think we are? Maybe as a society we really are that fucking stupid. Look at who we elected president. TWICE!!!! I reiterate my call for torches, pitchforks and tar/feathers.

You'll hear no sympathy for the AP from me.

A multi-ton beast of servile, facile reporting, it's a dinosaur long overdue for the tar pits.

Its withering, like that of the MSM itself, may yet unleash new voices and new narratives in our cobwebby democracy.

That said, it ain't happening yet. Bloggers who add five words to the fifty they purloin from the AP aren't exactly storming the barricades or spurring on a democratic renaissance!

The current form -- endless trivial bracketing of the MSM's product -- may be entertaining, and may work up some blood pressure in the comments sections, but it's a sideshow.

Real progress will be made when citizen journalists put the Washington press corps out of business, along with all the allied ranks of bended-knee corporate spittle parsers. When the powerful have to answer to us, we'll have a journalism worthy of the name.

In short, the day nobody mourns the passing of an authority-loving dullard like Tim Russert is the day we'll be free.

The deep dark secret is that people are starting to ignore ads on the interweb as well.

I know people who do eye-tracking studies for the big web companies. People are starting to ignore the margins of pages. Also 26% of web users use ad blocking. And that prcentage is going up.

Also watch for an ad backlash when isp's start charging by volume of data...

"that would drive traffic to Podunk"

Hope they have amphibious vehicles because I think Podunk is underwater.

Bob_in_MA - "This is essentially set by case law, which isn't always that specific."

Yes, that was what I was getting at. Defending an action for copyright infringement based on fair use is likely to be long, costly, uncertain, and ultimately settled before going the whole nine yards legally. If a specific right to use can be established in advance, it potentially saves everyone (except the lawyers) a whole lot of time, grief, and money.

The Big Picture and others have said to hell with the AP:

The Big Picture

But lifting 4-5 paragraphs is almost certainly crossing the line, and bloggers do that on a regular basis.

There's no 5 paragraph rule in the case law.

More importantly, there's no corporation called "bloggers" AP can sue. Or claim a pattern of misbehavior by. Or negotiate with.

They're stuck with the law they have, not the law the wish they had, or had had. And they can go after each individual blogger they feel violates the law on a case by case basis. Just like everybody else.

But meeting with a self-appointed blogger politburo to hammer out an "agreement" that forbids any criticism of the AP just makes the organization more of a joke than it already is.

Would you like to hear speech 1) Change you can believe in Speech 2, change that works for you, or Speech 3,we are the people we have been waiting for. I don't know what any of them mean because my campaign manager wrote them. Hell I didn't write when I ran the Harvard Law Review. Too many words.

Music fans didn't kill the music industry. Talented and smart bands are doing better than ever. See Tom Waits, Radiohead, Pearl Jam, etc for examples. They own their work and are making more money than ever and have more artistic freedom than ever. The model has changed.

Cookie cutter fluff bands chosen because of the looks of the lead singer aren't doing so well. Seems like the system is working if we are trying to support talent and not just have crap shoved down our throats.

Perhaps, the AP and other failing newspapers should start reporting the facts instead of just printing press releases for the people in power, and then people will pay for their work. Until then, expect them to go the way of the Boy Bands.

If I just read the mainstream press and took what they said as fact, I'd be all loaded up on Financials and Home Builders. I'd also think the surge was working. As time passed and I realized the truth, I'd probably not want to pay for their service any longer.

I've neither love nor patience for the AP.

MY, my - whose ox is being gored today, eh, AP?

If a specific right to use can be established in advance, it potentially saves everyone (except the lawyers) a whole lot of time, grief, and money.

Not gonna happen. I can't sell you a right to look at me when I walk down the street, because you already have the right to look at me when you walk down the street.

Sadly for AP, not all bloggers are penniless teenagers in the basement downloaded bootleg music. Some of them can afford legal teams that will leave the AP waking up down by the railroad tracks with no pants on.

Hey, is it time to start bragging about owning SRS again?

Well, there is quite a bit of celebration of the troubles AP is going through, but then in Aesop's fable, the farmer thought he was so terribly clever when he came up with the idea of bypassing the goose and going straight to the golden egg.

I will admit that I am biased, in that I have a family member who works as a reporter for a news bureau in a very difficult part of the world. Her pay comes from hard work and taking very real risks, and her paycheck relies on advertising dollars making its way down the chain, and right now that is at risk. Providing links to original stories is well and good, but when enough of the story is repeated, even just two or three paragraphs, most readers will not link to the original story (I know I don't.)

And it's not just the story--the real value is in the "scoop", in what may be a very simple piece of information, something that can be reported in a paragraph or less. How does the reporting service recover the cost--and risk--of gaining that information? I am perfectly aware of fair use laws, but I would suggest that it may be fair use laws, not the industry, that need to "Adapt. Innovate."

For those celebrating the demise of AP, I really hope your passports are up to date and that your telephone and travel budgets are well-funded, because without the news services, where are you going to get the original reporting from?

Yes, the AP is all that's saving us from tyranny.

You might want to research the AP's reputation for swiping from its own members without credit before you lead the charge aux barricades!


Hey, is it time to start bragging about owning SRS again?

Too early. But I've been working my way looking at the basics of the companies that make up the IYR and I have to say I think there will be plenty of time to brag in the next year.

I also like it when CR talks about the impending commercial meltdown as a foregone conclusion.

Re: "Perhaps, the AP and other failing newspapers should start reporting the facts instead of just printing press releases for the people in power, and then people will pay for their work. Until then, expect them to go the way of the Boy Bands. "

Is that fair use to quote you there and use "?"

Who can say? AP may shut down the internet and we may have to go back to stealing newspapers on buses or finding old news in out houses. At what point is news old and less valuable and when does it have value? I think the news media is a dead horse, however, I do wonder how bloggers will pick up the ball in terms of collecting original data and then making news which has credibility -- not that real and "trained" journalist do that now, but research will change in terms of how local stories are covered by the mainstream.

I agree that AP and all these clowns are just shills for business and advertising connections, but where is this headed?

Markel - "I can't sell you a right to look at me when I walk down the street, because you already have the right to look at me when you walk down the street."

Why you can't sell me such a right? More to the point, why can't you specifically outline when I may or may not look at you?

If I choose to look at you when you've said I may not, there's still an option to litigate. If I look at you when you think I have a right to in any case, all you've done is confirm the right. If I choose to pay for a right which I may already have in the interest of avoiding costly litigation, what law prevents me from doing so?

I think CR does a great job of giving away graphics that help tell stories about housing and economics CR has the brains to understand the details and then place his take into a valuable format, yet he gives it away, in hopes of gaining mkt share and by selling a customized newsletter. CR is the wave of the future and he has far more value than AP!

Too early. But I've been working my way looking at the basics of the companies that make up the IYR and I have to say I think there will be plenty of time to brag in the next year.

I like to see bears that are cautious, not bears that are bragging about how the market is their personal ATM.

That's a reassuring sign... if you know what I mean.

I think if People Magazine included charts, readership would go down. A lot.

If I choose to pay for a right which I may already have in the interest of avoiding costly litigation, what law prevents me from doing so?

Google "consideration." A contract without it is void or voidable.

Hey, is it time to start bragging about owning SRS again?

I bought a bunch on the dip yesterday and sold it all at 3:55 today for a very nice one-day profit. SRS needs to demonstrate that it can sustain some momentum before I'll consider it something worth holding for more than a day or two.

News will come from sources like corporations, governments and people doing PR, like Hollywood nymphos, et al, what other news is there?

Re: "Statoil ASA Due to a fire, STO has shut production at Oseberg A North Sea oil platform - company statement"

The internet is a direct exchange, we do not need AP to distort or filter reality!

By far the best in depth reporting I've seen on any issue I care about comes from the blogs. Do they rely on AP stories some times for the basic facts? Sure. But they could easily bypass those.

The wave of the future is quality. That guy Kos now has deep pockets and can taunt the AP to sue him. Why? Because he has a good product.

I used to work as an internet marketer for years. There was a point where some companies had policies that said you couldn't link to their site without permission. That didn't work out so well.

The issue isn't fair use. You can't unring the bell. The music industry failed to adapt and now Apple is selling more music than anyone.

Hey, I've got a reporter friend looking for work right now. Times are hard. The two local papers in my area just laid off staff. Circulation is declining. Blaming the bloggers is like the music industries big victory of shutting down Napster. Short-term thinking.

AP should do a story on Tanta. Last night someone saw her on a milk carton:

We should be thankful whenever Tanta feels good enough to post. I wish her the very best.

Also, sites like Talking Points Memo are HIRING reporters. That guy has built a small media company based on reporting while the big companies shed reporters. Perhaps that is the future?? Niche news companies.

I tried to teach my new dog to fetch the paper, but she kept breaking my computer, so I quit trying. I did manage to teach her how to make posts like Jas Jain, though.

Re: " Do they rely on AP stories some times for the basic facts? Sure. But they could easily bypass those. "

As a longtime blogger Yahoo message freak, I alwats relied on SEC.gov for details and facts, versus getting bullshit from AP and biased PR that is always supportive of fraud!

They can quote me on that!

Markel,

Consideration strikes me as a pretty thin reed. Contracts often include wording along the lines of "for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged..."

If they fail, unemployment will go up. Since the Fed has a dual mandate, maybe Bernanke can save them too! Why stop at investment banks? No business shall ever fail again!

Re: Perhaps that is the future?? Niche news companies.

I'm very interested in future fragmentation in society and obviously media is going to cater to niche fractions. Blogs will be more and more focused on concentrated subjects and mainstream media will look like a joke as they try to be jack-of-all trades and then deliver zero content with meaningless commentaries. CR does represent niche-ism and the newsletter is an extension of building a product and then concentrating the output into something people pay for. Newspapers and AP represent the couch potato mentality of lazyness and a lack of detail, where you can have a thousand TV shows that offer nothing of value. The only reason you have TV today, is because people are familiar with reruns and there is sometimes comfort in returning to something you once related to, like Gilligans Island, where The Skipper and Mary Anne are doing things you have seen before. That was then, but younger people will be far more open to chaos and a lack of that old culture, like AP stories that are taken from other sources.

No business shall ever fail again!
dr strangemoney

Except for "Beef for Hindus" for obvious reasons.

I hope BEN bails out all my bad trades too!

The only reason you have TV today, is because people are familiar with reruns and there is sometimes comfort in returning to something you once related to, like Gilligans Island, where The Skipper and Mary Anne are doing things you have seen before.
Anonymous

I also suspected it was The Skipper and Gilligan.

His "Litte Buddy."

Why Is the Cow Sacred?
http://www.beliefnet.com/story/82/story_8229_1.html

Strange as it may seem, the Vedic age was a beef-eating one, and animals were constantly being slaughtered. The reaction against flesh foods set in with the advent of Jainism and Buddhism, and a remarkable cultural revolution took place, in that, a predominantly flesh-eating country became a predominantly vegetarian one. The many pastoral tribes that inhabited India could not afford to sacrifice their cow wealth for meat. In fact, that is the real reason it became Aghanya. The norms of the time dictated that you sacrifice your best animal, usually the stud bull, for the feast when a distinguished visitor came by.

"Blaming the bloggers is like the music industries big victory of shutting down Napster."

I disagree, shutting down Napster was actually a huge victory for the music industry. By shutting down the largest central clearinghouse of pirated music, the music industry sent the file sharing services underground; they're still out there, but they have to be constantly on the move to keep out of the industry's way. Consequently, they simply don't have the reach that Napster did in its heydey.

What moved into the void was iTunes, which yes, has been hugely successful. But I doubt iTunes could have done it while still competing with Napster. Ironically, the old-line companies paved the way for what will become their replacement. Not long until Apple realizes that it has the potential to control the music industry outright, but again, that's another topic of conversation.

With regard to the news, it is organizations who figure out an income stream who will survive, while those who don't, won't. The print news cannot protect their product from appropriation, so it is the video news who will thrive. I think what the "blogosphere" does not realize is that abusing print news sources will kill their source of information and will give even more market power to the video news.

Good-bye New York Times, hello Fox News.

Re: also suspected it was The Skipper and Gilligan.

Me too and I also wondered about the three of them as well (on that tropic island). I also wondered about other things, but remain in the dark.

I used to wonder why Batman didn't call himself Manbat, but I stopped wondering this once I started watching Charlies Angels.

In fact the latest inaccuracy happened just today. Local Brevard rag reports 2 sites shut down for boat builder, but were going to be restarted in August or so.

In fact, the Merritt Island one was totally shut down a month or 2 ago with no plans to reopen. I know 'cause I drive by there all the time.

Why should I read them? Why should I believe anything they say, if they can't get something simple minded like this right?

Wow, when I worked for the AP, I didn't know I was such an evil guy. Every single reporter, and every single report, from the AP is inaccurate and useless, I guess. Good to know.

Newspapers and news services are like cops. No one likes them until they need one.

I bought a bunch on the dip yesterday and sold it all at 3:55 today for a very nice one-day profit. SRS needs to demonstrate that it can sustain some momentum before I'll consider it something worth holding for more than a day or two.

The problem is if that thing ever gets moving it'll open up 10% then you'll watch it go up another 7% just deciding whether its worth still worth buying or not.

From Reuters Smile

FDIC updates rules on big bank deposit coverage

FDIC updates rules on big bank deposit coverage
| Reuters

The new rules would require the largest banks to modify their deposit systems so the FDIC could quickly calculate how much it would need to pay out on deposits in insurance coverage if one failed. That would include requiring banks to determine the order of qualified depositors.

From the rag in Brevard:

Sea Ray Boats will temporarily lay off 900 workers in July from its Merritt Island and Palm Coast manufacturing centers because of a slowdown in demand for recreational boats, the company said Monday.

The company plans to bring back the workers in August.

"That is our intent," said Dan Kubera, director of media relations and corporate communications for Lake Forest, Ill.-based Brunswick Corp., Sea Ray's parent company.

Kubera said the 900 employees are at Sea Ray's Sykes Creek Plant on Merritt Island and its Palm Coast Plant in Flagler County. He did not know how many would be affected at each location.

The company told employees about the furloughs Monday.

The temporary staff reduction comes as Sea Ray has been permanently eliminating 350 to 400 jobs at its Merritt Island Manufacturing Facility, cuts the company announced in February.

Lawyerliz, what's inaccurate about this report? The story says Sea Ray has been permanently cutting the jobs at the Merritt Island Manufacturing Facility, and you say that Sea Ray is shutting down the facility permanently. It seems like you're both saying the same thing. Yet you say "they can't get something simple minded like this right."

Based on this, do you think you could do a better job of reporting?

Good lord. Peripheral is burning up so many straw men, he's affecting agricultural commodities prices.

Yup, let's just assume bloggers are the reason newspapers are failing, and just assume bloggers are "abusing" AP, and just assume all news reporting will cease to exist if Atrios quotes a paragraph from an AP report, then let's argue from that. Then we can also assume a can opener.

I know people who do eye-tracking studies for the big web companies. People are starting to ignore the margins of pages. Also 26% of web users use ad blocking. And that prcentage is going up.

Interesting ads with good content & no tracking cookies and I'd go there all day... this is another case where they are their own worst enemy. They need to know their place and have self-discipline - most marketer's have the self-discipline of a door-to-door salesman.


I disagree, shutting down Napster was actually a huge victory for the music industry.

According to this, Napster use peaked in 2001.

According to this, annual album sales peaked in 2000 and have gone steadily downhill.

I wouldn't call that a victory.

I used to spend several hundred dollars a year on albums. Now I buy maybe two a year. I don't download anything illegally. I've never bought a digital download (other than Radiohead's latest but the price was right).

I am a musician who writes, records and has a pretty kick ass music studio in my house where I also record other musicians. The reason I buy so few CD's now is because I can hear the music, for free and perfectly legally, prior to buying on places like myspace or the band's own website. Then I can decide if it is worth buying. Most isn't. So I don't. I used to read reviews in print mags like rolling stone who would rave about some new band. I'd buy the cd based on the review. It would suck. Half of my CD collection is CD's I bought based on reviews. They are in the "sucks" drawer.

Napster has nothing to do with any of this and I would say that the demise of napster coincided pretty well with the demise of the traditional music industry.

And it is downright pathetic that Apple beat them all at the digital download game.

As far as I'm concerned there has never been a better time to be a musician. I have ten times the studio power that Jimi Hendrix had for a fraction of the price. The only thing stopping me from creating the next Electric Ladyland is talent. There are just as many talented musicians as there always were.

rock o

Elvis writes:
I tried to teach my new dog to fetch the paper, but she kept breaking my computer, so I quit trying. I did manage to teach her how to make posts like Jas Jain, though.

I've got a dog that barks incessantly to warn about things I already know about, too. He also barks at telephone wires.

"Did the mainstream media get bad because of whoring or because of lack of funds?"

Whoring. And cronyism. The media owners socialize with the people being covered. The owners and the subjects are frequently united by wealth and common interests. This ensures that the truth only leaks out around the edges.

I disagree, shutting down Napster was actually a huge victory for the music industry. By shutting down the largest central clearinghouse of pirated music, the music industry sent the file sharing services underground; they're still out there, but they have to be constantly on the move to keep out of the industry's way. Consequently, they simply don't have the reach that Napster did in its heydey.

It seems to me this was a temporary victory.

And was Napster really that mainstream? From what I remember at the time everybody simply went from using Napster to using Kazaa. It didn't seem like anything really changed.

I see people now walking around with piles of writable DVDs and terabyte hard drives filled with music.

"If you have a second I'll copy every song ever made to your hard drive."

A friend of mine claims he gets every newly released song from the usenet once a week or so basically using +10 year old newsreader technology.

Seems like the music industry had a real money making racket that they lost control of and now have to actually work for a living.

The latest bailout package seems to have had limited appeal on wall st... and the bankers don't seem to like it much either. Not enough wiggle room for new innovative products, I guess.

"That standard will expose lenders to potential lawsuits, and force them "to reduce the number and type of products to consumers," according to a letter written by the Mortgage Bankers Association"

According to this, Napster use peaked in 2001.

According to this, annual album sales peaked in 2000 and have gone steadily downhill.

I wouldn't call that a victory.

That was just the music bubble bursting.

Peripheral Visionary said:
shutting down Napster was actually a huge victory for the music industry. By shutting down the largest central clearinghouse of pirated music, the music industry sent the file sharing services underground; they're still out there, but they have to be constantly on the move to keep out of the industry's way. Consequently, they simply don't have the reach that Napster did in its heydey.

You must be new to the Internets. Welcome to the 'tubes. Estimates vary, but p2p apps account for 50-80% of all daily Internet traffic. Napster didn't transmit that much in its lifetime.

iTunes succeeded because people will pay for quality over 'free' when the product is good.

Goldman Sachs Group Inc has slashed its exposure to hard-hit leveraged loans and mortgages, letting it jump on distressed opportunities now emerging in the market

Goldman CFO: Firm shed assets, snapped up bargains
| Reuters

Translation: We swapped a bunch of toilet paper with the FED for US Treasuries, dumped those puppies and then ran the price of oil up to 140. Our next move is going to drive a bunch of firms into BK and steal their asserts for pennies on the dollar. Thank you for your support. Goldman Suks

You've got it, CR. And instead of realizing this and changing their model, they attack bloggers. Dumb dumb dumb.

They should just set up google ads on their site already or something....

Well Kos and FDL wont be sending a check any time soon.
jo6pac

shutting down Napster was actually a huge victory for the music industry.

Actually, the case that changed the dynamics of P2P file sharing was MGM v. Grokster. In shutting down Grokster, the Supreme Court established some brightline rules for piracy (e.g. profit motive, active inducement to pirate, volume of pirated material, etc). Of course, these brightline rules simply made it possible for protocols like bittorrent to exist.

AP is too small to matter

WAY TOO SMALL TO MATTERt

what color is APs Chute?

"iTunes succeeded because people will pay for quality over 'free' when the product is good."

iTunes succeeded because it was easy enough for non-sophisticated users to use. Napster was getting close to that, for a while, which is why its shutdown paved the way for iTunes to explode.

Yes, of course people still use download services, and not surprisingly, many of the people here are tech-savvy and continue to do so. But there are many people, possibly a majority, who can't be bothered with a fickle and unreliable download service (not to mention a notorious vehicle for malware), and would rather have a simple program where they can click a couple times and have the music they want, even if it costs a few bucks. iTunes fills that niche.

And as a result, it is the styles of music favored by the less tech-savvy listeners that are doing well commercially--music favored by the older generation (Rolling Stones), women (Madonna), and pre-teens (Miley Cyrus). Musicians favored by the techy types are lucky to get anything at all for their efforts. I suspect the vast majority of Radiohead's revenues come from touring--goodness only knows they don't come from radio royalties, and I was amused by the comment that "the price was right" with respect to their most recent album. Indeed.

I am being accused of going after straw men, so let me state my central thesis: there is a movement away from paying for intellectual property. It's dressed up with all sorts of fancy-sounding excuses, but the reality is that people are dismissive of the results of intellectual labor and do not feel like they should have to pay for it. That does not bode well for the entertainment industry, the news industry, the software industry, or for the American economy in general.

Anonymous said:
Of course, these brightline rules simply made it possible for protocols like bittorrent to exist.

Probably safer to say that it drove all the traffic to the true distributed protocols like BitTorrent, which existed before the Supreme Court decided Grokster, but it is certainly true that Napster and Groskter were Pyrrhic victories that only drove users to even more distributed platforms which could not be easily sued.

The question is whether there will be some future Associated Press v. Blogger Corp. litigation nightmare that will Napsterize journalism.

The Mainstream Media is a dinosaur that still doesn't yet realize its going extinct. The metaphorical meteor has already struck the surface. Its called the internet. The media conglomerates are only now realizing they will have to adapt or fall by the wayside.

Same as investment banks. Venerable institutions that have relied on the saying "we have been doing this for 100 years, why would we change now?"

If they are asking themselves the question, its already too late to even bother answering.

Peripheral,

I don't agree that there is a "movement away from paying for intellectual property."

And at the outset, let's recognize that the facts reported in AP articles are not intellectual property - protection only extends to the expression of those particular facts, which may be thin indeed, given the limited creativity of some AP squibs.

That being said, the crisis of credibility that the intellectual property industries are facing is in part one of their own making -- as new and innovative uses have been created by technology, the default assumption has been that they own the benefits.

VCR timeshifting? You have to license it. iPod placeshifting? You have to license that. Editorial reviews of movies on the Internet? You have to license those too. All of those were IP owners' positions at one time, and they have largely failed in courts. At the same time these industries were trying to lay ownership claims to functionality created by other peoples' technological innovation, they have engaged in tone-deaf litigation strategies that make the firebombing of Dresden look like a water balloon fight.

You just can't sue grandmothers, kids living in the projects, dead people, and laser printers, and not expect to impair your reputation. You can't constantly misrepresent the scope of your rights and not expect to lose out in the court of public opinion, even if you score some wins in the courts of law.

There may be a trend against IP, but it is because folks like the IP lawyers at AP have made bad decisions for years. I just hope the guys at AP have learned enough from their predecessors mistakes not to commit the same mistake again, and march on Moscow through the Russian winter. Because we know how that story comes out, and it isn't pretty.

Now, I may not know as much about the mortgage industry as Tanta, and my humor may not be up to par with all the budding Oscar Wildes in this crowd, but on this subject, I have a bit of a clue as to what I'm talking about.

Sorry for the long, probably thread-killing post.

Let me clarify by saying that I am not being critical of CR or Tanta in any way. They do a great deal of original analysis of original sources; exactly the sort of combing through press releases and crunching of numbers from government studies that mainstream journalists do. And on top of that is the UberNerd™ series, which is virtually all original content.

Bear in mind that CR is on both sides of this issue; the content from this site is being borrowed heavily by other sites, sometimes with credit and a link back, but often not.

I suspect the vast majority of Radiohead's revenues come from touring--goodness only knows they don't come from radio royalties, and I was amused by the comment that "the price was right" with respect to their most recent album. Indeed.

Radiohead doesn't tour much and they don't play stadiums where the big money is made. Touring isn't exceptionally profitable for most bands. And it just got less profitable with $140 oil. Merchandise is where the money is and radiohead has a bunch of it that the own and sell. As the Reverend Horton Heat once said, "I'm not in the music business, I'm in the t-shirt business". You can't download free t-shirts.

And I think you'd be surprised just how much money they make off of royalties from their back catalog. There are radio stations in other parts of the world, just not the US of A.

They also own their own studio so it costs nothing to make a record. I'd bet they easily made $5 million on sales of that record even by giving away a low res version. Five guys in the band, not too shabby. And the royalties will keep coming.

You'll get no argument from me that people no longer want to pay for intellectual property. That is the new reality.

So either fight it, or take CR's advice and make the best of it. People still need t-shirts. And you can't fake great songs.

You need to think like a drug dealer. Suck 'em in with some free sample product, than get 'em hooked and take their money.

I'd be interested to know what percentage of CR's readers pay for the subscription. I bet it is less than 10%. You don't hear CR complaining.

Now if CR would take my advice and start selling merch...he'd be in the money.

"people are dismissive of the results of intellectual labor and do not feel like they should have to pay for it."

Exactly. Blame Microsoft and their overpriced crap for starters. Company IT departments full time job is not providing service to the company. It's making sure the company's information base doesn't get robbed. Which is why various government agencies around the globe are ditching Microsoft for Linux based networks. This same mindset carries over into the public realm for other technical innovations that cost to much for the service they provide. Next on the hit list will be Comcast and other ISPs that want to meter usage.

The Mainstream Media is a dinosaur that still doesn't yet realize it's going extinct.

To the contrary, they've realized this for a decade. They're trying to figure out how to evolve instead of going extinct.

If you think it's a good thing that they're going extinct, well ... you might wish different after it happens.

Re: Now if CR would take my advice and start selling merch...he'd be in the money.

Tanta T-shirts and CR Coffee Mugs

Next on the hit list will be Comcast and other ISPs that want to meter usage.

Bada-bing! Bandwidth isn't as expensive as the ISPs that are going to tiers' want to charge for it. Furthermore I'm convinced that even though I download a ton of information (mostly sports, soccer, NFL, NBA... although occaisionally a number of independent podcasts)... if I max out my pipe I can download 800 GB per month... this is on TWC normal cable modem and not an upgraded business class.

Of course I mostly download closer to 100-200 GB a month... given the fact that bandwidth pricing is something like $0.20 wholesale, I think limiting me to 50 GB plus $1+ per GB is highway robbery...

There are also plenty of people who make careers doing other productive things that contribute to music/software/IP freely... they don't need to rely on those revenues to feed their family.

It's kind've like the theory that lower priced housing is good for everyone. Just think if we spent all the resources into housing on solving our energy crises the past 8 years instead of creating a bubble to suck up all of our money.

Mel:
Did the mainstream media get bad because of whoring or because of lack of funds? Are they the same thing? What replaces it?

badger boy:
I know people who do eye-tracking studies for the big web companies. People are starting to ignore the margins of pages. Also 26% of web users use ad blocking. And that percentage is going up.

It is amazing, isn't it? That something is built to be valuable, only to pollute it to dilute the value? News isn't news, just a vehicle for advertising.

What honestly amazes me is that any of this is profitable at the insanely tiny response rates. I bought a car in 1998. It was totalled in 2007. Every single auto ad I saw between those two events was doubly wasted effort - on the advertisers for reaching an uninterested audience and on my part for having to spend effort to filter information which was of no (and often negative) use to me. Sick and sad.

... litigation strategies that make the firebombing of Dresden look like a water balloon fight.

Even to someone like myself who has some reservations as to whether the firebombing of Dresden was a war crime, even comparing a litigation strategy to it -- let alone holding that a litigation strategy makes it look like a water balloon fight -- is rather lacking in taste. The writer needs to acquaint himself (herself?) with what happened there.

No, no - American financial engineering, as expressed through legal expenditures, is the best way for AP to do anything but innovate or adapt. Because legal activities are a major source of revenue for any number of companies. Though a few, like SCO, are clearly incompetent. Red Hat knows its way around a law suit, however - seems like the GPL is rock solid in courtrooms worldwide.

It has been the American model since imaginary property became part of the bottom line to make lawsuits a profit center.

Which explains much about American innovation, doesn't it?

What crispy said, waaay back up there - just make an ad-speckled AP page and point your bloggers to that (yes, nonprofit sites can do this - and ap has made a good living providing nonprofit content to for-profit entities). Also AP is in the same good boat as other blog sites -it doesn't have a money-losing print component to weigh it down (and bow it ever lower to ad pressure - so it can keep its content relatively independent)

In addition, AP ought to be working hard to bring in the best original-content-generating bloggers as members, rather than alienating them with the strong-arm tactics. Hope the negotiations go well.

McClatchy(sp) deserves to go under. What passes for reporting is attrocious. Clueless news for clueless people. I agree with the poster who commented that many no longer pay attention to web advertising. These laid off media people are unemployable, they have no skills.

Dude!!

Contrary to what you have been taught when you were a kid, you can use the word "fuck" without the world collapsing in moral decay around you. Here's how to use it in context.

"Last week the Associated Press (AP) sent out a notice to a blogger demanding that all AP excerpts be removed from his blog. Fuck AP!!!"

At least one blogging site, TalkingPointsMemo.com, appears to have a regular, paid relationship with the AP, running wire stories in their entirety on the site.

Of course you could argue that TPM is no longer just a blog, but a news and opinion "internetwork" of its own. I.e., it is in some respects a traditional news operation that just happens to be run wholly on the internet.

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