Despite the economic downturn venture capitalists are still looking at investment opportunities in digital media. New Media Knowledge spoke to one to get the low down on what VCs want.
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moreA new report has revealed how governments around the world are continuing to clamp down on bloggers. Bloggers risk facing jail by governments which feel threatened by the growing influence of bloggers according to the World Information Access (WIA) report by the University of Washington. more
The merits of business blogging are still widely debated amongst those that operate in the online space and their offline contemporaries. However, a new worldwide survey by Eurocom Worldwide, the global PR network, in association with UK member agency, Six Degrees, has found that the majority (53 per cent) of senior technology execs contribute to a blog. more
At the Shiny Media Blogs and Brands seminar on Friday 6th July, Helen Nowicka of Shiny Red unveiled the results of some new research into the attitudes and behaviours of online audiences. more
Notes from a roundtable discussion for Microsoft on the future of blogging. more
Despite its alleged benefits, blogging costs time. And time is money. A new paper by Max Christian Hansen argues that new blogger should count the cost before they enter the fray. Ian Delaney examines the arguments. more
Philip Buxton has a deja vu with the latest hip blogging that businesses must 'get into'.
It's a bit like the old days - a European venture sets out to create a web publishing platform focused on European users and aimed at mirroring the success of pioneers across the pond. But the funny thing about blogging is it feels a bit like we're going backwards.
Blogs are indeed the hot topic of this Spring; Google's steps into the arena, the spread of US blogs to Europe, and the growing success of UK blogs such as Guardian Unlimited's onlineblog.com are sparking a flurry of interest and a good deal of thought about how existing web companies might exploit the new phenomenon. This week's launch of 20six, a blogging platform aimed at the European market has set tongues wagging again.
However, the deja vu is too striking to ignore. Many are talking about how businesses must 'get into' blogging in much the same way as they should have 'got online' three years ago. Its obvious now of course that perhaps we should have thought of guaranteed revenue models before we all 'got online' back then. And it must be no less clear now that people should be thinking through more effectively just why they plan to build a blog.
For our own site, we had considered developing a blog in much the same image as that run by Guardian Unlimited's IT journalist team. It would have been our equivalent of diary pages, updated perhaps once a day with the 'news behind the news', general gossip and anecdotal tomfoolery. On coming to analyse things properly, however, there was a clear risk of undermining our news output. Why would anyone read the news in the first place if they could read the news behind it on the same site? And, if we could publish the 'news behind the news', why didn't we do it to start with - it's far more interesting? Libel and journalistic standards is the reason - and standards can be no less high just because content is held in a 'blog'.
So, blogging for us, we said - though interesting and 'cutting edge' - held no tangible benefit. We assume that, after the fun and frolics of the past three years, other businesses are looking for the same thing before committing to the latest fad.
Who in that case will benefit from the rise of the blog? It is truly the 'CB radio' element of the web previously characterised by Yahoo! Groups sites and networks like Angelfire. It is more basic than a web page and more user-friendly and it gives an even greater opportunity for everybody to enjoy their 15Mbs of fame.
Companies like 20six are this year's spade-makers. Providing the tools to feed a trend, they look likely to benefit just so long as they can eke genuine sales from their users. But it will not be charging for basic services, instead hoping to upsell more premium add-ons, like the ability to blog through one's mobile phone. It's still unclear whether this is likely to work - and its revenue streams sound hauntingly woolly... 'Right okay, so how will you make money again?' It talks of sharing agreements with mobile carriers, but the 'upsell' period is some months away since it first has to attract bloggers, then keep them, then persuade them of the value of its premium services. And relying on the mobile industry in any shape or form is a risky strategy at the best of times - especially since MMS is still not mainstream.
Still, like much of the internet, blogging should be enjoyed for what it is. It is one more reason to praise the web for its astounding ability to mix extreme value with utter uselessness and a timely reminder that not all channels are paved with gold.
Philip Buxton began his career in journalism as a reporter for licensed trade newspaper the Licensee & Morning Advertiser, having completed a degree in marketing at Lancaster University's business school. He then joined national business weekly Marketing Week as a reporter, taking responsibility for the magazine's new media news coverage three months later. He joined netimperative (www.netimperative.com) in April 2000 as a reporter on its media & marketing channel and was appointed editor in April 2002.
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