The last place you’d expect to discover a map to navigate the future of the content-advertising landscape would be a book about the golden age of radio. But damn it all to hell, there it is on the concluding 12 pages of Cynthia B. Meyers’ new book, A Word From Our Sponsor: Admen, Advertising, and the Golden Age of Radio.
Recent defections of talent from the New York Times — Nate Silver, David Pogue, Jeff Zeleny, Richard Berke, Brian Stelter, Matt Bai, et al. — have unjelled the media firmament, according to Politico media columnist Dylan Byers. In a piece this week, Byers called the departures “a brain drain,” “a sucker punch to staff morale,” and an opportunity for the paper to come “face to face with a harsh reality” that in the new media age, its star journalists can no longer be satisfied by the “‘aura’ of the newspaper of record.” In the same day’s Huffington Post, Michael Calderone had the paper fretting about its “retention rate,” adding the names of Don Van Natta Jr., Lisa Tozzi, Judy Battista, Howard Beck, and Eric Wilson to the list of departees.
The surplus of quality journalism in print, on the Web, and over the air should give the public little to no excuse for being uninformed about political issues. Never before has so much raw and refined political intelligence been available at such a low cost to citizens willing to buy a cheap computer and Web connection — or pay the bus fare to the local public library.
In the 1993 debut issue of Wired magazine, founding editor Louis Rossetto predicted that the media and other industries would be whipped like a “Bengali typhoon” by digital change. As it turns out, Rossetto underestimated the impending mayhem. The ruins of the newspaper industry, music business, and the book trade smolder beneath us, with newspaper companies selling for pennies on the dollar they commanded when Rossetto wrote. Madison Avenue and the retail industry stagger about like cattle just shot to the head with a stun bolt. If re-writing his manifesto today, Rossetto might want to compare the coming gale not to a typhoon but to the solar super-storm of 1859, which made telegraph machines spit fire, turned night into aurora-lit day, and encouraged some to think the end times had arrived.
Alternative weekly colossus Boston Phoenix cracked and fell yesterday, ceasing publication after 47 years. According to a Phoenix executive quoted in the obituary in today’s Boston Globe, the alternative weekly was losing more than $1 million a year, and a format switch last fall from newsprint to glossy had failed to attract the sort of national advertising it desired.