I spent much of last week feeling sorry for myself because
I had to miss the College Media Advisers Convention.
And today I find one more reason to wish I had been there. The American Collegiate Press announced the winners of its annual Pacer awards at the show. And the list of winners for the best Web-based journalism was filled with folks I know and admire.
I would have liked to have offered my congratulations in person to those winners who attended the show. But I'll have to be satisfied with offering a virtual pat on the back to Bryan Murley, Kelly Wolff, Sean Blanda, Whitney Rhodes and the other
winners of the Online Pacer.
tags:
journalism,
b2b,
media,
trade press,
magazines,
newsletters,
business media,
journalism education
I'm in New York this week, as I am most days. But I'm finding this a particularly annoying place to be this morning.
Because I'd really like to be in Kansas City as several hundred young journalists converge at the
College Media Advisers convention. But I had too much work to do, so I decided to cancel my appearance at this year' show.
Now I'm sitting here in Manhattan thinking that was a really bad move.
Here's why:
Those kids are arriving at the convention in the midst of a print death spiral. And that's likely to cause an unnecessary panic.
Consider the news of
just the past few days!
Time is cutting 600 jobs.
Gannett, which has been a big supporter of
CMA,
is cutting 3,000 jobs. The L.A. Times is
cutting another 10% of its editorial staff.
McGraw-Hill
is cutting 270 jobs. The RBI sale
is faltering. The Washington Post had its
credit outlook lowered to "negative."
Radar and
02138 both folded. Even more disconcerting -- Masthead, the magazine about Canada's magazine industry,
also shut down.
Now that is all awful news. It's sad. It's depressing. But it is not a sign of the apocalypse.
But if past is prologue, the students at
CMA will be briefed on all that bad news and then hear:
a) a lot of doom and gloom from professionals longing for the past; and
b) a lot of terrible advice about competing in the tough new world by building skills that are valuable only at print publications.
And what they won't hear is anyone like me, a guy who:
a) is actually recruiting to fill some great jobs, and
b) feels fantastic about the future of journalism.
Late last year I predicted that
2008 was going to be an "awful year" for B2B publishing.
As it turns out, I was right.
Several months later, I said things were "
awful and getting worse."
I was right then too.
And as bad as things have become in B2B, things are worse in some other parts of the journalism world, particularly newspapers.
But I'm not panicking. I'm not telling journalism students to change majors. I'm not telling people to head for the exits.
Rather, what I'm telling people are these three things:
1) Expect things to get worse at most publishers. This is a bloodbath. And it has just started.
2) Brace yourself for the end game. Sometime very soon we'll some of the giants of publishing collapse under the weight of outrageous debt levels, falling ad revenue and rising print costs.
3) Print is under
siege.
Overleveraged corporations are under
siege. But journalism is
not under
siege. Because of the Web, journalism is in one of the most exciting periods in its history. If you see that, you see clearly. If not, you shouldn't be in this industry any longer.
I just wish I was telling people those things in Kansas City.
(Note: Coincidentally, while those college kids were heading to the Kansas City, their future bosses were gathering here in New York at the
Future of Business Media conference.
I didn't attend that show either.
But I don't regret that decision.
I think I learned all I needed to learn from
one of Rex's live posts from the conference. )
tags:
journalism,
b2b,
media,
trade press,
magazines,
newsletters,
business media,
journalism education
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I think I may see you after Thanksgiving. This semester runs out very fast, I cannot believe this year is almost end. I have one paper due on Dec.1st. and have final on Dec.15 :-)
I want to thank you for your support and I hope you have a wonderful Thanksgiving holiday! Qing
Does this downside economic impact on your business? I hope everything is fine. I will let you know once I am available.
I would like to stop by your office once you are available. I have many things to to this week, I may visit you next week or later? By the way, you are living in downtown Manhattan? I usually take class in the midtown. Good Night!
Cheers! Michaela.
Many thanks,
Michaela.
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