October 4, 2005

Bizzy’s Business Briefs (100405)

Filed under: Business Moves,Economy — Tom @ 4:45 pm

Online ads way up

Internet advertising soars in the US

Online advertising revenues in the first half of this year soared to a new high of around $5.8 billion in the US – up 26 per cent over the first half of 2004, according to figures released yesterday by the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC).

Revenue for the second quarter of 2005 totalled $2.985bn, representing a 26 per cent increase over the same period in 2004, and a 6.6 per cent increase on revenues earned in the first quarter of 2005.

I’d like to know if there is information on where ads are being placed, especially traditional media vs. new media outlets.

Do you recognize these Hollywood flops (the dumb business moves, that is)?

It is indeed an entertaining list of doozies. Though I did not recognize a few of them, my nominees for worst are (as numbered at site):

4. Lew Wasserman’s 7 year litigation aimed at blocking the VCR (which then turned out to by Hollywood’s cash cow)
5. MGM’s failure to include international distribution rights–the crown jewel– in its purchase of United Artists.
6. Warner’s fire sale of MTV and Nickelodeon to Viacom to satisfy a dissident shareholder.
7. Fox giving half of Titanic, , the most successful movie in history, to Paramount in return for Paramount merely paying the budget overage ( $60 million.)
9. Fox giving away Star War’s toy licensing rights to manufacturers to publicize the original episode.
11. Miramax’s passing on the chance to make The Lord Of The Rings trilogy.

A Sobering Look at Something That Shouldn’t Be Happening (US Kids Avoiding IT Careers)

You need to read the whole thing to get a real sense of the bitterness out there. Here are the key paragraphs.

After five years making IT an unstable and downwardly-mobile occupation, high-level business executives have no business looking hurt and betrayed when young people don’t want to work for them, If you kick a dog regularly for five years, you shouldn’t be surprised if he shies away when you reach out your hand to him, even if this time you’re offering him a cookie.

….. ow, not all young people make career choices on long-term economic grounds. Some will choose jobs based on what’s fun or glamorous. Some are looking to get rich. But many young people look for jobs that will provide a good living over the long term, and those young people are not choosing IT today. Can we really blame them?

Kids today know the world doesn’t owe them a living. That’s why they’re looking for jobs that maximize their chances of earning a living. If businesses want more kids to go into IT — if they want retain the technology core competence needed to remain competitive — they need to make IT a more stable and lucrative job choice.

Quote of the Day: Steyn Relates Miserable Hurricane Coverage to Iraq War Coverage

Steyn hits another one out of the park:

Think about that: Hurricane week was in large part a week of drivel, mostly the bizarre fantasies of New Orleans’ incompetent police chief but amplified hugely by a gullible media. Given everything we now know they got wrong in Louisiana, where they speak the language, how likely is it that the great blundering herd are getting it any more accurate in Iraq?

They SOOOO Don’t Get It (Blog and Mainstream Media “Accuracy”)

Yesterday’s Enquirer (HT Porkopolis) had a misnamed article by Malia Rulon called “Blogs test campaign freedoms” (really should have been titled “People Who Don’t Like Blogs Test Campaign Freedoms”). It managed to ignore almost all of the center-right blogs, plus a certain daily chronicle, that had an impact on the 2nd Congressional District election result in August (congrats to Project Logic for at least slipping through and getting on to the list of local blogs–what’s your secret?).

File this quote from the article under “you don’t know what’s good for you” (bold is mine):

Joe Braun, campaign manager for Republican U.S. Rep. Jean Schmidt of Miami Township in Clermont County, who narrowly beat Democrat Paul Hackett in the 2nd District race, said blogs also are being used by campaigns to spread attacks. “Blogs sometimes communicate messages that the campaigns don’t want to bring up in the mainstream press,” Braun said, adding that online messages should be held to the same standards of accuracy as print media.

You must mean, Joe. that it’s OK if we’re:
- this pervasively sloppy and inaccurate?
- this twisting?
- this heavily filtered?
- this one-sided?
- this deceptive?
- this conflicted (without disclosure)?
- and this unwilling to acknowledge and/or correct mistakes?

Geez, we’re home-free. Most of us in the blogosphere couldn’t perform as poorly as the The Mainstream Media has performed in the past few years if we tried, and those that could don’t want to.

As to the central issue of the article, Federal Election Commission regulation of blogs–The FEC can come after blogs after it addresses the complete mess known as The Mainstream Media. Since they won’t do that, they should leave us the hell alone.

UPDATE: Matt at WMD notes: “No mention at all of the left/right coalition to fight the FEC on regulation of blogs either.”

Positivity: Kinko’s Founder Overcomes Dyslexia, Discovers Need to Dress for Success

Filed under: Positivity — Tom @ 6:09 am

From USA Today:

The guy behind Kinko’s

We’ve all heard about celebs who haven’t let dyslexia hold them back — Tom Cruise and Cher, to name two. Then there is Paul Orfalea, the man who founded Kinko’s.


Three Alternative Spellings for “Sore Loser”

Filed under: MSM Biz/Other Bias,MSM Biz/Other Ignorance — Tom @ 6:05 am


Walter Cronkite: U.S. Too Ignorant to Vote

The man once known as the most trusted journalist in America no longer trusts Americans to vote for their own leaders, saying average citizens are just too ignorant to cast their ballots wisely.

“We [as a nation] are not educated well enough to perform the necessary act of intelligently selecting our leaders,” CBS News legend Walter Cronkite told the University of Southern California’s Annenberg School for Communication last week.

I guess King Walter would prefer to select our leaders himself–or maybe delegate the task to Kofi Annan.


Report: Donald Sutherland Rips President Bush

Sutherland ripped Bush and his administration for the war and Hurricane Katrina fallout.

“They were inept. They were inadequate to the task, and they lied,” Sutherland charged.

“And they were insulting, and they were vindictive. And they were heartless. They did not care. They do not care. They do not care about Iraqi people. They do not care about the families of dead soldiers. They only care about profit.”

At one point during the session, Sutherland started crying: “We(‘ve) stolen our children’s future… We have children. We have children. How dare we take their legacy from them. How dare we. It’s shameful. What we are doing to our world.”

Sutherland went on rip Karl Rove’s “methods and means” against people like Cindy Sheehan.

“We’re back to burning books in Germany,” Sutherland said of NBC’s editing out of Kanye West’s comment on Bush during a hurricane relief telethon.

Mr. Sutherland, censorship (the “burning books” allusion) is when the government stops a broadcast. Not a broadcast network.

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Clooney proudly wears ‘liberal’ label

George Clooney is mad that liberal has become a dirty word.

“I’m going to keep saying ‘liberal’ as loud as I can and as often as I can,” Clooney told Newsweek magazine in an interview about the film “Good Night, and Good Luck,” which he co-wrote and directed.

The black-and-white film about journalist Edward R. Murrow will be in theaters nationwide on Oct. 14. Clooney plays the role of CBS producer Fred Friendly.

Liberalism may cease to be a dirty word, George, when you tell us that “liberalism” does not include the elitism of Mr. Cronkite, the paranoia of Mr. Sutherland, claims that George Bush is this generation’s Bull Connor (historical background here) by a Democrat Congressman, or the fantasies of a black preacher that the New Orleans levees were blown up. The silence of you, your “liberal” friends, and the “liberal” elected officials you support in the face of these slanders is deafening.