Media companies and losing talent

A couple of very interesting posts regarding the ever-changing media world popped up last week. Jeremiah Owyang catalysed some interesting discussion when he posed the idea that the Golden Age of Tech Blogging is over (A theme I’d covered earlier with a less provocative headline – curses!) We both broadly agree on the topic, although I think we’re probably both being slightly biased towards anecdotal evidence and especially an understandable English-language bias.

One thing we both mentioned was the move for senior writers and contributors from notable blogs to be starting out on their own – whether as a group or individuals – e.g. The Verge, The Kernel, Uncrunched, The New Gambit, etc).

And related to that was Neil Perkin, with a typically insightful post asking ‘Why big companies get rid of talented people?’. Considering AOL looms large in the stories of TheVerge and Techcrunch,  it’s a pertinent question to the state of tech blogging, along with all large media businesses at the moment. To quote:

Despite talking a good game, many large organisations remain relatively poor at moving talent around the company. The silo culture that still characterises many businesses doesn’t help. Requirements and expectations become optimised to local needs rather than those of the organisation as a whole. Strangely, the people who can really see the bigger picture and are often the ones to challenge existing assumptions are the ones that begin to not fit so easily into those silos. So companies take the easy option.

In my view, it’s their loss.

I’ve certainly suffered from those elements of traditional business culture, and also been lucky enough to benefit from senior individuals who looked beyond it and saw reasons to do things differently. I also commented on Neil’s post that there’s an element of a culture clash – anecdotally, the most talented digital and non-digital people I’ve worked with have all been more concerned with solving problems across the business than staying within their assigned role or concentrating on office politics and have often suffered for it, even within firms which are supposedly extremely tech focused.

The major difference is that digital tools mean those people have less reason to accept their given role – there’s greater access to other opportunities whether with another company or via self-employment. I haven’t timed it for a while, but a new site via Blogger, Tumblr etc is about 1 minute to set up, and however long it takes to get your first post written – all for no financial outlay.

exit.

 

How big media companies can keep talented people

1. Hire and fire the right people:

First up, there’s an oft-quoted rule about A players hiring A players. You need to be hiring people who you can trust with the freedom I’ll mention in tip 2, and who can work with a high degree of autonomy. Those people who will identify a problem, come up with a solution, and then get it done, rather than just sitting there.

You also need management at all levels who can accept constructive criticism, work with it, and are able to change things. And you need a level of honesty throughout about whether or not it’s working, because even if you can convince yourself within your business that everything is fine, it’ll still be apparent outside of the office by the output.

2. Freedom

Everyone knows about Google and their 20% time. Barely any companies ever actually do anything similar. Lots of people can provide empirical evidence about how small changes and innovations lead to big results, and yet very few companies ever put that type of approach into practice. Every company would love the next big thing, but hardly any would let someone build something and get it straight out the door to see whether it works or not, without months of watering it down into something non-offensive, and uninteresting. I have to mention my former employers at Absolute Radio as one example of a business which puts an above average level of mutual trust and respect in the talented people they employ, and as a result continue to constantly churn out a variety of interesting projects and innovations, some of which are highly successful.

And when it comes to freedom, common sense goes a long way in revising employee contracts and guidelines for areas such as social media. In a litigious area, it’s easy to forget the effect that what may have seemed a legal safeguard will actually have on a normal employee, especially when it comes to legal attempts to own innovation rather than encourage and reward it.

3. Support and reward

Psychologically, money is not the biggest lever to increase productivity and success, provided it’s at a decent level. Crucially in the media industry, the attraction of a career leads to a high amount of applicants for roles, and a correspondingly low level of pay for many. If you want employees to focus on the best way to make your business more money, then you need to understand they can’t do that if they’re constantly worrying and stressed about making the next mortgage payment and their increasing overdraft.

I’m not suggesting you pay huge amounts over-the-odds for people who aren’t going to be productive, but that you adequately reward people that are. And that doesn’t necessarily mean in basic wages – give people a chance to share in success, and make it meaningful.

Whatever your opinion of Richard Branson, there are examples in Business Stripped Bare of cleaners and watersports instructors rising to management positions. At the same time, cabin crews on their airlines earn slightly less than competitor employees but receive other rewards for their contributions to improving the business.

 

Culture Jamming by Hugh McLeod (cc Licence, ref gapingvoid.com)

It’s worth reading this Hugh McLeod post that accompanies the above cartoon on Culture Jamming. The money quote is:

chan­ging your company’s for­tu­nes NOT by trying to directly change what the gene­ral public thinks of you, but by trying to change what YOU think of you.

And that’s the massive, massive problem with most media companies up until now. Along with marketing and advertising, they’re the companies most used to talking at audiences, and have spent decades, or even hundreds of years perfecting that art. And when you’re used to playing a part to an external audience, it’s hard to even start to acknowledge what’s going on internally.

Tech blogs, they are a-changing

It’s a bit of a strange time for the digital publishing world, and tech blogs in particular, as they seem to be going through the kind of upheaval you’d be forgiven for presuming was a print monopoly.

So far we’ve had Techcrunch acquired by AOL, shortly followed by most of the best reasons to read Techcrunch rapidly leaving, and we’ve seen Paul Carr is launching The New Gambit, which is an e-reader/tablet subscription only ‘Economist as written by The Daily Show’.

We’ve recently had ReadWriteWeb acquired by SAY Media, which was preceded by Marshall Kirkpatrick announcing he’ll still be posting on the site, but is stepping back from other activities to build his own startup (which is one that sounds particularly exciting.)

Meanwhile Guardian News and Media has announced it is selling ContentNext, the parent of PaidContent.

On the gadget side, The Verge arrived, formed by the former core of Engadget.

And today at some point we should see the arrival of The Kernel, the new project from Milo Yiannopolous.

The only constant is change

It feels like there’s a trend for incumbent owners/publishers to be trying to get out now as revenues are unlikely to skyrocket – especially when you compare web publishing with location-based apps, social games, or winning Euromillions. And we’ll have to wait through the transition period to know whether those venerable old grandfathers of digital are worth sticking with.

Meanwhile, those who were senior figures and who’ve wanted to create their own products and businesses have struck out to try just that.

And somewhere there are some brilliant, exciting and interesting new titles and blogs out there – the biggest challenge is locating them at an early stage, and it’s a challenge which no one still seems to have cracked despite all of the content discovery, language analysis, and other mechanisms for sharing content. It’s still mainly about the existing names and the content they are producing – so if you have any recommendations for new sites and blogs, please do share them…

Personally, I think there are still some big gaps and opportunities for digital content on the web, along with the latest gold rush for mobile, tablet and e-reader publications. If not, I wouldn’t still be fascinated with trying to establish my own titles as a viable business which can grow and one day support a staffed business. But there’s not a tech news blog among them for various reasons.

But what is crystal clear and is being proven yet again is that the era of years of stability in any form of publishing have gone forever – print is subject to continued transformation and decline into a different method of survival for some titles and formats, whilst the move to digital brings only more challenges and a need for continual evolution. I suspect the two keys to success are being able to cope with constant changes under your feet whilst also accepting the fact that digital publishing is a longterm business which can be profitable, but isn’t goldmine. Although when it comes to blogging, I can point you in the direction of a million eBooks which would try to convince you otherwise…

The future of print is in the hands of small retailers

I was in St Albans yesterday for an interesting meeting with someone I can’t name about a project I can’t mention. But afterwards I had enough time to pop into Chaos City Comics, a small comic shop which has apparently been going for a couple of decades.

It’s a really nice friendly shop, and having overheard the owner go through the world of comics with someone buying on behalf of someone else, we ended up striking up a bit of a chat about the comic shop business, a forthcoming reboot for DC comics, and the future of print in a world of tablet computing and curated discovery.

It made me think a lot about the future of print – apparently the combination of high profile movies and new formats has encouraged new business into the shop for print comics. But will this continue when superhero movies may not be moneyspinners for the studios, and when more and more people might be reading everything on a screen to the exclusion of anything else?

One thing we did talk about which I think might have potential for comics in particular is a curated experience which is already being offered by some specialist record retailers. Rather than visiting a storefront with the rent and expense that incurs, you’re able to visit a small office in which you pour out all your musical preferences and interests, and in return you get an expert providing you with a suitable selection to sample and enjoy before parting with your cash for the ones you want to take away.

So what about the same for comics? As someone who has less time than ever to keep up with the latest news and issues, I’d love to be able to go to a friendly expert on a regular basis who could not only suggest and advise what new titles I should try, but also be able to provide the complete story arcs I should be reading on a regular basis…

A selection of comics

Image by KickTheBeat on Flickr (CC Licence)

 

Small retailers need to do more…

The other thing that stood out is that I had a great experience in store, but I’m not a St Albans regular, and coming home and finding the Chaos City website has been a little frustrating, as it could definitely be offering more – it’s a basic news service about the store at the moment, without any way for me to part with any money for starters.

And that seems to be the case with so many great little specialist shops – great owners and staff, great knowledge and expertise, and no really good way of being able to access it when you’re not in the shop itself.

And there’s no legitimate excuse for that in an era when print is in decline, and the likely future will be one of niche publishing in specific areas of interest. There are lots of not only effective, but also efficient ways to increase turnover and provide more ways to interested people to spend cash with you, in addition to building customer loyalty and improving customer service. And considering the amount of free and open source options available to create a really good web presence, it doesn’t have to be expensive – especially if you deal in comics and know someone susceptible to payment in back issues as well as cash ;)

My new project is now live…

Well, after a few late Christmas nights (But surprisingly few), I now have another digital project.

Having spent years creating content and working for a variety of big and small publishers, it felt odd not having an least one working demonstration of how I’d propose digital publishing can work. Since switching to marketing full time as a career, and the seemingly indefinite hiatus with has afflicted Disposable Media since I left,  I’d had an idea nagging at me for a while for a new site.

It’s a fairly simple idea, hopefully serving an audience which I’m hoping is passionate enough to embrace it and also show how it can become a profitable small scale business.

OnlineRaceDriver.com

It’s called OnlineRaceDriver.com and the plan is to serve the huge group of people out there who put a lot of time and effort into enjoying their online racing on consoles and PCs. Some like videogames, some like cars, and some are even professional racers or keen amateurs who fancy unwinding with some less risky motorsport.

It’s joined 140char.com and this site as part of my miniscule publishing empire. The plan is to overhaul 140char shortly, redesigning and refocussing it. And I’m more motivated than ever, as OnlineRaceDriver has already got two great collaborators involved with potentially another joining us, and meanwhile I’ve also got a great collaborator on 140Char.

So I’m now working hard to balance an incredibly exciting and demanding day job at Absolute Radio, the demans of a young family, and three websites – and once 140char.com is complete, I’m thinking it’s time for a makeover here as well.

That should keep me busy for most of 2010!

Incidentally, if you’re interested in possibly contributing to any of the three sites, whether it’s content, design or development, let me know… Follow the About link above for my contact details…

Oh, and if you happen to like the look and feel of OnlineRaceDriver, then you’ll be please to know it’s based extensively on the Metro Theme from Studiopress (affiliate links). It’s cost effective, really easy to work with, and they’ve got some really nice alternatives on their site. And if I couldn’t break it yet, you know it’s got to be pretty good!