Tuesday, March 04, 2008

How (not) to create a new media empire


Having religiously covered the three Gs of blogging topics so far- namely, Gossip, Gadgets and Girls, Nick Denton, the owner of Gawker media group knows what sells in the news business. His approach to New Media Empire building is bearing good, hold on, stupendous results.

Nick has just posted a chart showing how Gawker is the fourth largest online media empire.

But, is Nick Denton's way the only way? According to the chart, Gawker is behind the New York Times, USA Today and Washington Post, ahead of Los Angeles Times and the Wall Street Journal.

We keep reading about the trouble the newspapers are in - the layoffs are an obvious point of coverage. But, we should not forget the amount of money these news brands have invested in the best reporting talent, especially in the service reporting field - going out there and reporting the best the reader is concerned about.

It takes real money to go out in the field, say Iraq and bring out the stories.

Is Gawker Media taking the armchair route to media empire success?
This is the question for the media experts to answer.

Supporters (there are many) of Nick's scrappy approach to New Media empire building will say that the New York Times 'subsidizes' its serious reportage with earnings from its Food and Lifestyle coverage and from About.com.

By that token, shall we expect Nick Denton to fund a serious journalism kind of initiative? I won't bet my meagre collection of Sachin Tendulkar posters on that happening.

Related story: In the valley of smut: the new Valleywag story

Labels: , , , , , ,

2 Comments:

At 4:19 PM , Anonymous Anonymous said...

Valley Dan here.

Pramit, you might as well do pretty much the same as Nick Denton.

How else do you think can a man get funds to build a media empire?

Peace, out.

 
At 7:04 AM , Anonymous Anonymous said...

tibia money tibia gold tibia item runescape accounts buy runescape accounts runescape money runescape gold runescape gp runescape power leveling runescape powerleveling cheap rs2 powerleveling runescape equipment buy rs equipment runescape runes cheap rs2 runes runescape logs cheap rs2 logs runescape items buy runescape items runescape quest point rs2 quest point cheap runescape questpoint runescape gold runescape items runescape power leveling runescape money runescape gold buy runescape gold buy runescape money runescape items runescape accounts runescape gp runescape accounts runescape money runescape power leveling runescape powerleveling tibia gold dofus kamas buy dofus kamas wow power leveling wow powerleveling runescape questpoint rs2 questpoint Warcraft PowerLeveling Warcraft Power Leveling World of Warcraft PowerLeveling World of Warcraft Power Leveling Hellgate money Hellgate gold buy runescape logs buy rs2 items cheap runescape items Hellgate London gold Guild Wars Gold buy Guild Wars Gold runescape items rs2 accounts cheap rs2 equipments lotro gold buy lotro gold buy runescape money buy runescape gold buy runescape runes lotro gold buy lotro gold runescape money runescape gold cheap rs2 powerleveling eve isk eve online isk buy runescape power leveling rs2 power leveling tibia gold tibia item runescape accounts Fiesta Silver Fiesta Gold SilkRoad Gold buy SilkRoad Gold Scions of Fate Gold Hellgate Palladium Hellgate London Palladium SOF Gold Age Of Conan Gold AOC Gold ArchLord gold tibia money tibia gold runescape accounts runescape gold cheap rs2 powerleveling buy ArchLord gold DDO Plat Dungeons and Dragons Online Plat

 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home