There are 300 working content producers in its New York headquarters, backed by hundreds of other freelancers and programmers in Bangalore, Dublin and Dulles, cranking out copy and editing photos for more than 80 Web sites. Ten are ranked in Technorati’s top 100. Politics Daily, which began in April, already has 3.6 million unique users a month, while Politico, a much more established name, has 1.1 million. In the aggregate, the media properties at AOL have about 76 million unique visitors.
You could almost hear the sighs of relief in the hushed, thickly carpeted corridors of high-powered media executives on Aug. 6, when News Corp. chairman and managing director Rupert Murdoch announced that he was going to start charging for online news content by July 2010. At last, they exulted, somebody was jumping in and demanding that consumers pay for a product that has been given away for nothing on the Web. And even better, that somebody was not them.
A survey by Veronis Suhler Stevenson found that spending on below-the-line initiatives accounted for 62% of total marketing spending in 2008, up from 57% in 2004, while standard advertising accordingly fell 5%. More than $250 billion is spent on traditional and Web advertising each year in the U.S., so redirecting even a small percentage of dollars means billions won't go to already stressed established outlets.
Media meltdown sent marketers looking for cheaper alternatives and measurable ROI...they may never come back...All the more reason to put up pay walls in my mind...ad's will never fully recover..
This stream is a place to share bits of thoughts on media, marketing, sports and business from across the Web. "Every company is a media company." ~ Daniel Scheinman, Cisco