An Advertising Week 2010 panel Wednesday afternoon in New York provided a news nugget from Abrams Media and Mediaite founder Dan Abrams and an excellent rant from NPR On the Media host Bob Garfield, Silicon Alley Insider reported.
The news from Abrams: his company intends to launch three more sites in 2011, and he said at the panel, as reported by Silicon Alley Insider:
My business will be profitable in January or February. To suggest that digital media as a whole isn’t going to be profitable is ridiculous. If you’re doing good content and you’ve got devoted communities of people coming to your site, you’re not only going to be successful, but profitable. I’m not doing this because it’s a vanity project, I’m doing it because we’re making a profit.
We love the idea of having someone distribute our content, which is exactly what Yahoo! does. In the old media model, there would be 20 people covering the same flood. I don’t think that’s necessary for the success of journalism moving forward.
And Garfield’s rant, via Silicon Alley Insider:
If three-paragraph distillations of other people’s writing is your idea of content, God bless you. Then everyone’s gonna do well, and eight professionals will be doing real journalism while there’s still a little cash in the pipeline. That’s not quality content. Quality content is content that matters, not what most entertains; not the juiciest tidbit about Justin Bieber. We’re all fucked.