The Historian, by Elizabeth Kostova

“A teenage American girl, living in 1972 Amsterdam, comes across an ancient book in the library of her widower father, a former historian and now a diplomat. The book, blank save for an illustration of a dragon and the word Drakulya, contains a cache of faded letters all addressed to “My dear and unfortunate reader.” Thus begins a search for the truth behind the myth of Dracula, a search that crosses continents as well as generations.”

— The Historian by Elizabeth Kostova

Jeff Jarvis on “citizen media”

“…new world of weblogs and citizens’ media is all about possibilities — many of them unrealized, I grant — while the world of the big, old media is increasingly about worry: fretting over declining revenue, resources, audience, quality, trust. That is one good reason for big media to embrace the small, rather than trying to recapture the old: It’s optimistic, energetic, new, open, growing, and fun; it’s the medium in the better mood and that’s catching. In short: Bloggers make better barmates.”  — Full post here

Next week at Gnomedex, I will be surrounded by lots of bloggers and new media types. I’m looking forward to 3 days of optimism, energy, fun. The future is here and I’m loving it.

Robert Iger on Disney’s New Media strategy

Robert Iger, the future CEO of Disney:

“(We will) not allow management of traditional businesses to get in the way of very, very important migration to new-media platforms.”

Hmmm. Disney probably has enough money to pull that off but I’m not sure how smaller companies (like ours) accomplish this. The landscape might look very different in a few years. [Hollywood Reporter by way of E-Media Tidbits]

Profitable Demise

An intriguing open to a thoughtful article by Jay Rosen (PressThink). The piece (Laying the newspaper gently down to die. And keeping the spirit of journalism alive.) looks at challenges facing the newspaper business and how it is (or is not) meeting those challenges. But I believe there’s something here for all traditional media. My big take-away was a concept called “harvesting market position.” A last-resort business model for companies undermined by substitute technology.

“An industry that won’t move until it is certain of days as good as its golden past is effecively dead, from a strategic point of view. Besides, there is an alternative if you don’t have the faith or will or courage needed to accept reality and deal. The alternative is to drive the property to a profitable demise.

Drive the property to a profitable demise. You won’t see that in the company mission statement. But my favorite quote from Professor Rosen’s article came from Craig Newmark (craigslist):

“I realize I’m no news guy, not an activist; just like everyone else, tired of news that I can’t trust. My favorite irony is that Jon Stewart produces fake news that’s honest; and the White House produces allegedly honest news that’s really fake.”

Randy Michaels on future of radio

“People today are being entertained different, and that’s a problem for radio. (By the) time a profit is made, satellite radio will be eclipsed by something more profound. Namely, Internet-based radio stations available nationwide thanks to wireless broadband technology. Radio is going to be interactive, and it’s not going to be delivered just by transmitters. The next thing is not satellite, which is another form of point-to-multipoint technology. It will be interactive, two-way communication that’s available to everybody that is the next big thing. Radio companies will have no more defense in defending their business than the railroads did when airplanes came in and took their freight business.”

— Randy Michaels, former Clear Channel Radio CEO, on the future of radio