Accountability?

134,000 results in 0.13 seconds. Type in “Varlamov signs with KHL”.

This is how media works today. Instant- fast – unaccountable.

A Tweet is generated and recycled.

It leaps to become a story. The story is then recirculated.

It goes from online sources to great and established media entities; to newspapers, to cable to local television newscasts. The headlines morph from rumor to fact.

It thus must be true. Just look at the headlines and see how rumor morphs to facts.

The media gets manipulated by an overseas agent; and a freelance media rep. That was too easy wasn’t it?

But news moves so quickly. The media is off to the next story and rumor. So who cares?

Who cares if the old pixels are incorrect? The monster was fed and the stories are disposable. The media awaits the next tasty morsel from the blogger. In the old days the generator of bad news would be put into the penalty box. In the new world there is no accountability and we await the next feeding.

“Ted Leonsis’s deleted blog post”– 30,700 listings in 0.09 seconds.

In the old days an established media journalist would call or email and ask “What is up?” What just happened with the blog post going down? What does this mean?

But not today. There is an algorithm awaiting feeding. Controversy sells and being first to post matters. Being second to recycle is important to listings into Google crawlers. Deleting a blog post is BIG NEWS. We want our links to be linked back from 30,700 sites. Who cares if it was because of a typo and an editing process?

Who cares if what was posted in my blog post turned out to be pretty accurate and transparent. It was more important to be first with the big news of a “deleted blog post”.

And so it goes.

Jagr to DC-2011-71,000 listings; Jagr to Pittsburgh 2011-2,470,000 listings; Jagr to Philadelphia 2011-2,510,000 listings. All in less than a second. Permanently glued into the algorithm.

Media have a big responsibility. A tough job; but a higher standard to execute against I believe.

Being accurate and trusted is important. Providing context is crucial. It is more important than being “first to post”.

Off of my soap box now. Thank you.

Disconnected

How long could you go without Google? Facebook? and being connected?

College students made this film. A social experiment. No heads down texting. Having to look people in the eye. Having to make real world connections…imagine that?

A really good one on SnagLearning. Like drug addicts kicking the habit!Let us celebrate outdoor living this long weekend. Let us connect more with each other. But first watch this film. LOL. On SnagFilms.com.

Consolidation of Big Companies will be Bad for Small Companies

Sometimes I think we all forget how important a healthy big company ethos is for our industry. The big four on the Internet – Google, Yahoo, Microsoft and AOL – all provide the lion’s share of revenues to the industry via check-writing from an AdSense or Advertising.com-like services but they also provide the acquisition engines to provide exit paths for smaller companies. These acquisitions help the larger concerns remain vital, to grow and to provide new management. They also provide venture capitalists with a way to get liquid on their investments in smaller growth companies.

I was reading a piece in Portfolio Magazine and it reminded me of how aggressive Yahoo had been in terms of buying up smaller companies during the last dozen years or so.

Check this out:

1997 - Net Controls

1998 - Classic Games, ViaWeb, Yoyodyne

1999 - Broadcast.com, Geocities

2000 - eGroups, Kimo

2001 - Sold.com, LaunchMedia

2002 - HotJobs, Inktomi

2003 - Overture

2004 - Kelkoo, Musicmatch

2005 - Alibaba, Flickr, Del.icio.us

2006 - Kenet Works, Wretch

2007 - Right Media, BlueLithium

2008  FoxyTunes, Maven Networks

In all, Yahoo has injected more than $15 billion in acquisitions in the last ten years and $25 billion in total on all investments and acquisitions over the years. They have made more than 50 acquisitions and investments in total. They have created a great ecosystem; helped consolidate piece parts of the Internet to help drive their growth; and provided many riches for founders and for VC firms alike. We should all be pulling for their success.