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Stingy News: Media

You are the product
09/04/17 Media
"The researchers found quite simply that the more people use Facebook, the more unhappy they are. A 1 per cent increase in 'likes' and clicks and status updates was correlated with a 5 to 8 per cent decrease in mental health. In addition, they found that the positive effect of real-world interactions, which enhance well-being, was accurately paralleled by the 'negative associations of Facebook use'. In effect people were swapping real relationships which made them feel good for time on Facebook which made them feel bad."

A serf on Google's farm
09/03/17 Media
"Over the last several months we've gotten a few notifications from Google telling us that certain pages of ours were penalized for 'violations' of their ban for hate speech. When we looked at the pages they were talking about they were articles about white supremacist incidents. Most were tied to Dylann Roof's mass murder in Charleston. Now in practice all this meant was that two or three old stories about Dylann Roof could no longer run ads purchased through Google. I'd say it's unlikely that loss to TPM amounted to even a cent a month. Totally meaningless. But here's the catch. The way these warnings work and the way these particular warnings were worded, you get penalized enough times and then you're blacklisted."

Press tactics
07/30/17 Media
"As a reporter and editor covering Wall Street for 18 years, I studied the industry's aggressive approach toward the press: Financiers, and the multibillion-dollar companies they work for, are friendly and charming as long as you see things their way, and they do everything they can to win reporters over. But when reporters don't buy their line, the Wall Street answer is to get intransigent journalists removed from stories."

The internet is broken
05/28/17 Media
"The trouble with the internet, Mr. Williams says, is that it rewards extremes. Say you're driving down the road and see a car crash. Of course you look. Everyone looks. The internet interprets behavior like this to mean everyone is asking for car crashes, so it tries to supply them."

Vultures are circling
05/21/17 Media
"A decade ago, most media companies were still slapping ideas against the wall, trying to see what would stick. A decade ago, it wasn't so clear that Google and Facebook were going to rule the internet ad business, leaving everyone else to beg for scraps. That's why the New York Times Co., Conde Nast Inc., Hearst Corp. and News Corp., among others, have all figured out that they can't rely on advertising alone, but need to be able to extract circulation revenue from their internet viewers."

Moats and podcasts
01/06/17 Media
"Podcasts face the public good problem. Fortunately 'talking into a microphone' is similar to 'talking to a theater' and 'talking words onto a page,' two excludable services."

How technology disrupted the truth
07/17/16 Media
"Social media has swallowed the news - threatening the funding of public-interest reporting and ushering in an era when everyone has their own facts. But the consequences go far beyond journalism"

Newsonomics
07/03/16 Media
"What you don't want is the brands to disappear in some kind of homogenized platform."

We haven't cracked the code yet
05/29/16 Buffett Media
"In most cases there are some years left to crack the code. But we haven't done it. Maybe (the industry) started too late."

Ad blockers
05/22/16 Media
"The principal reason why most people haven't yet switched on an ad blocker is simply because they are not aware they could block ads - a stat that should worry businesses that rely on online advertising to make money."

Buffett on the media
03/27/16 Buffett Media
"Twenty years ago, investor Warren Buffett accepted an Omaha Press Club Education Committee invitation to spend an hour talking about media."

A falling Star
02/21/16 Media
"There's no love lost between Torstar and Postmedia, or between Honderich and Paul Godfrey, chief executive officer of Postmedia. They've been competitively sparring for many years, politically and in business. But the nature and tone of the recent series of Star attacks on Godfrey and Postmedia are beyond anything seen in 100 years of riotous newspaper competition."

Jealousy List 2015
12/19/15 World Media
"But throughout the year we are also reading, and every so often we feel a little twinge of jealousy: We wish we'd published that. What follows is our attempt to curate those twinges, and present a list of some of the best stuff we read this year."

What I learned as my industry died
11/28/15 Media
"But even in our small, art-friendly city, we were abandoned, at first slowly and then very, very quickly. By our last year, each month was down some 30 percent from the already meager takings of the previous year, and it became increasingly clear that there was simply nothing we could do to stop the slide."

How the Mad Men lost the plot
11/15/15 Media
"Marketers consistently undervalue consistency. Diageo recently carried out an audit of all the endlines that it had attached to one of its biggest brands, Guinness, and were embarrassed to discover it had used more than 20 different slogans in 15 years. What's more, when it asked people to recall an endline, the only one they remembered was 'Good things come to those who wait', which hadn't run since 1999. Vast sums of money had been spent on campaigns which probably had short-term effects but barely left a trace in consumer memories."

Fake audiences
09/25/15 Media
"About 18 months ago, he set to figuring out how much of his inventory - ad spaces for sale - was fake. The answer mortified him: Two-thirds was either fraud or suspicious"

Popping the publishing bubble
09/20/15 Media
"However, while the concern over ad-blockers may be too early, publisher angst is arguably too late: if iOS 9 ad blockers do end up causing serious harm it is only because the publishers have been living in an unsustainable bubble that is going to pop sooner rather than later."

Ad-Blocking
09/20/15 Tech Media
"The sands they are a-shifting. We have spam blockers, a whole industry trying to weed out bad e-mail, but we can.t get rid of bad ads? Come on."

The cassette business
09/05/15 Media
"The audiocassette tape is not dead. In fact, one Springfield, Mo., cassette maker says it has had its best year since it opened in 1969."

Strategic news releases
09/19/14 Management Markets Academia Media
"We show that CEOs strategically time corporate news releases to coincide with months in which their equity vests. These vesting months are determined by equity grants made several years prior, and thus unlikely driven by the current information environment. CEOs reallocate news into vesting months, and away from prior and subsequent months. They release 5% more discretionary news in vesting months than prior months, but there is no difference for non-discretionary news. These news releases lead to favourable media coverage, suggesting they are positive in tone. They also generate a temporary run-up in stock prices and market liquidity, potentially resulting from increased investor attention or reduced information asymmetry. The CEO takes advantage of these effects by cashing out shortly after the news releases."

The internet's original sin
08/16/14 Media
"Once we've assumed that advertising is the default model to support the Internet, the next step is obvious: We need more data so we can make our targeted ads appear to be more effective. Ceglowski explains, 'We're addicted to 'big data' not because it's effective now, but because we need it to tell better stories.' So we build businesses that promise investors that advertising will be more invasive, ubiquitous, and targeted and that we will collect more data about our users and their behavior."

Print is down, and now out
08/16/14 Media
"A year ago last week, it seemed as if print newspapers might be on the verge of a comeback, or at least on the brink of, well, survival."

Will life ever get better for journalists?
04/12/14 Media
"The Internet is to blame for all this, of course. Online has decimated the advertising revenue that media outlets have traditionally relied on, while a plethora of other sources and options from Twitter to Reddit have in some ways obviated the need for journalists. And let's not even get started on robot reporters."

April ROB
04/04/10 Media
I'd like to thank The Globe and Mail for providing a free digital version of their ROB magazine. Now I don't have to pay for the paper copy anymore. Get it before the newspaper files for bankruptcy . . .

A Capital Idea
03/20/10 Media
The Canadian Capitalist blog moves in with Money Sense magazine.

Users' guide to the business media
10/26/04 Media
"Many of us are hooked on the financial press and, as a result, we get most of our investment information from the newspaper, the Internet or the specialty cable TV channels. In light of this dependence, it's useful to pause once in a while and think about how we use it."

Sex and violence don't sell?
08/19/03 Media
"Sex and violence don't necessarily sell, according to a University of Michigan professor who says studies show that viewers remember the commercials on more racy programs far less often then they do on more neutral fare."

Rukeyser gets the boot
03/22/02 Media
"Louis Rukeyser, the venerable financial commentator who has hosted public television's "Wall Street Week With Louis Rukeyser" for 32 years, said Thursday he has been forced from the program by his partner, Maryland Public Television."

Paying for time
01/30/02 Media
"This story is an inside look into how some TV business shows are charging companies to appear on their programs. It's called "pay for play" and often it allows companies to have editorial input during the filming and scripting process. Good coverage can then raise the company's stock price. It's a win-win situation for everyone - except the viewers, who are not in on the deals."

The Stingy News Weekly

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