In a recent I, Cringely article Robert Cringely argues the traditional publishing industry is dying at the hands of Internet pay-per-click advertising.
More pay-per-click means more online content but ultimately less money for producing that content. Print publications fade from sight or continue primarily as art forms, rather than businesses. It will take another decade to happen, but happen it will.
Cringely is right- traditional print will decline dramatically. Maybe sooner, maybe later. But pay-per-click does not “ultimately mean less money for producing the content.” Certainly less money will be spent on untargeted, unmeasurable advertising and more will be spent on effective targeted advertising. The two trends will at least offset each other if not actually increase total ad spending and the total money spent producing content.
Comparing ad density of traditional magazines to the ad density of web pages Cringely concludes, “there is no way a print publisher can switch to all on-line without shrinking in just about every respect.”
The densest web page will have one banner ad at the top, eight to 10 Google ads down the right side, and maybe another Google ad or two at the bottom. That sounds like a lot, but on a strict real estate basis, it is very hard to exceed an ad-to-edit ratio of 50 percent, and most web pages have three times as much editorial content as ad space — the exact reciprocal of the experience with paper publications.
If the total advertising space shrinks and the ad’s are more desirable (effects are more measurable therefore pay-per-click ads are easier to optimize and improve) advertisers will pay more for the ads. Scarcity and increased value combine to push prices up.
Another way to look at the situation is to consider advertisers are buying customer’s attention. Today they buy it though more traditional media. In a decade they will probably buy more Internet media to capture the customer’s attention. If they can buy more customer attention for less money the advertisers will not choose to spend less money for the same amount of attention. They will spend the same money or more for more attention from their customers.
Advertising isn’t dying and advertising agencies will not let their clients shrink their budgets. Less may be spent in magazines or newspapers but a smaller overall budget is unthinkable.
I have always wanted to have a letter to the editor published. Now I am fulfilled.
Upgrading to FireFox 1.5 was a great pleasure but for one problem. FF 1.5 dropped the user preference (accessibility.tabfocus) that enabled tab key access to form elements. Without this preference OS X users can not use the the tab key to shift the focus to check boxes, radio button, pull down menus or buttons. This really slowed me down. When I am filling out a form I like to keep my hands on the keyboard. Reaching for the mouse slows me down and frustrates me. But with the help of a few FF devotes I have learned a work around.
Create a text file named user.js in
Add the following line to the text user.js:
There are several values available for the preference:
- 1- Give focus to text fields only. (The default in OS X.)
- 2- Give focus to all form elements except text fields.
- 4- Give focus to links (and linked images) only.
Values can be combine to enable multiple behaviors
- 7 = 1 + 2 + 4 Allows the tab key to shift focus to text fields, all form elements and links
- 3 = 1 + 2 Allows the tab key to shift focus to any form element. This is my preference.
More information can be found in the mozillazine.org wiki.
This was a fun little Sunday evening project. Five minutes to take the shots. twenty mintues of tedious pixel work.
This video is incredible. I am amazed by creativity that went into the conception and the disciplined execution.
Matrix Ping Pong – Google Video
I haven’t seen one in person yet, but I sure like what I have read about the new iMacs and the iPods. Even though I don’t think handheld video will be much more popular than those handheld DVD players I do think buying videos through iTunes will be immensly popular. Especially whne Apple releases a device for displaying the video on your HDTV.
I am disappointed in the remote control. Why is it IR? IR is very old technology that requires a line-of-sight to work properly. With Griffin offerin the RF Air Click and Bluetooth built into the iMac I think Apple could have don a little better by using a more modern technology. A technology that doesn’t have such a history of frustrating people.
Now, after 10 years of snowboarding I only snowboard. For the first couple of years after I switched I kept planning to snowboard and ski, but the snowboarding is so much more rewarding and enjoyable. I can’t remember the last time I skied.