Wednesday, April 26, 2006

The Economist: Among the Audience

This week’s Economist (April 22, 2006 issue date) has an excellent 16 page special report on new media, called Among the Audience. It covers much similar ground as we did in our book, Communities Dominate Brands, such as having two pages on blogging (we did a chapter) or including the Ohmy News case like we did as a case study, etc.

The story is a particularly good read for anyone involved in the “content side” of old media. It helps explain the roles of blogging, wikis, and user-generated content. I think for covering new media, it does leave the real innovations - user sharing, engagement, and the role of advertising/marketing in that space - at too little coverage, but it perhaps was not the purpose. Certainly the Economist article is well researched and covers many of the new media phenomena such as pointing out that podcasting is not quite the same to radio, as blogging is to print media; for one thing podcasts cannot be delivered in real time (you cannot cover breaking stories efficiently with podcasts) - so podcasts are more time-shifting media; and unlike blogs, you can’t link from one podcast to another.

For anyone who reads our blog, I urge buying this week’s Economist and reading that special report. It is definitely worth reading!