Carol Bartz

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Where’s the thought leadership in digital publishing? 

Magazines on iPads and other to be developed mobile devices are a nascent commercial endeavor.  At no time before have we had an opportunity to thread together storytelling with text, pictures, video, authorship and curation as have today.  If you think ad agencies haven’t figured out the silo-ization of marketing commerce, what about magazines and newspapers?

Once magazines were glossy and delivered weekly or monthly.  Newspapers were matted on inexpensive newsprint and more likely a daily, immediate vehicle. Today, digitally, they’re the same animal. And they publish and update with a simple click.   

When it comes to the information architecture, screen layout, art direction, usability, bounce-ability, brutally honest copy editing and the integration of advertising, who is leading the way?  To whom do we turn as we try to systematize the new digital publishing business?  Mssrs. McGraw and Hill?  Mr. Sulzburger? Ms. Huffington? Mr. Zuckerberg? Ms. Bartz? Mr. Droga? Mr. Arrington?

When hiring, one of my favorite interview questions is “Who are your heroes?” Well, it will be very interesting to watch the heroes emerge in digital publishing as we move toward a multidimensional platform.  Do you have any nominees? Peace.

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Cambio is AOL’s first big bullet in the content strategy war with Yahoo. It makes me think AOL just may win this thing. I love Carol Bartz’s decision to go with the content approach for Yahoo, but still think her approach a bit too diffuse. They still possess a start page mentality over there – start page meaning, set your personal home page to Yahoo.

AOL, on the other had, spent enough time with Time Warner to learn a thing about packaging content.  They probably own a camera or two and kept some producers and directors around, so by signing the Jonas Bothers and their music company to a deal with the new AOL online music channel Cambio, cranking up some new content quickly may be very doable.   This is a transformative move. It may be the first real melding of music and new media we’ve seen; think Little Steven’s Garage (dot com) for kids. And, with a big, scalable company surrounding it.

AOL, BTW, should bring Little Steven and his garage over to the fold. No brainer. Why?  Because he’s a great curator, a special personality and he has a loyal following. The radio doesn’t do his project justice. I like this move for AOL — and though Cambio may only be the learning ground for something bigger, it’s a great idea. Tim Armstrong is human, but he’s beginning to hit stride.  Peace! 

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Yahoo is buying Associated Media and its federation of 380,000 writers (Posters) who according to ComScore generate 16M monthly uniques.  Yahoo is paying $100 million for the ability to advertise to Associated’s audience and the deal also includes some technology which allows for the monitoring and prediction of reader content proclivities. This is a big move for Carol Bartz, Yahoo CEO, and shows she is putting money into the content strategy.

I look at content portals like Yahoo and AOL a little bit like big retail malls. A good portal, like a good mall, has lots of tenants but there is always what is called an anchor tenant — a big store that draws in lots of people.  In my view, this $100 million play is more about finding an “anchor” tenant (or ten) among Associated Media’s writers who will propel Yahoo’s numbers upward, rather than a crowd sourcing effort to generate mass.  It’s like putting a seine net in the ocean to catch krill but finding some big fish.  Yahoo needs next generation big fish. Big Posters. It’s a very expensive move, but should work for them.  The portal story, IMHO, is about quality not quantity.  But that’s just me.  Peace!

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Aol. and Yahoo have both finally figured out that good content begets readership, viewership, referral, and participation which begets — the same.  These two seminal online brands will be dooking it out for years to come. They both took different paths to get here and both have CEOs with unique perspectives, but the battle should be fun to watch. Coke and Pepsi, AT&T and Verizon fun.

Armstrong vs. Bartz

My bet is on Aol. Tim Armstrong hitched his ride to a rising star (Google) and got that success smell on him — but I think he created some of that smell with his focus and good leadership. Carol Bartz’s career advanced by good blocking and tackling and good business decisions, something Yahoo hadn’t had for a while prior to her arrival.  Yahoo made lots of decisions, just not with a solid brand idea driving them. Until proven otherwise, I’ll give Mr. Armstrong the edge and write it off to “derring do.”

Ad dollars are moving online, no doubt, but those in the know will tell you the lion’s share are going to Google thanks to AdWords and their direct-to-consumer, DIY, analytics-powered ad model. As Aol. and Yahoo re-create their online brands and lead the market in the generation of original content (paid and contributed), search will stay a powerful, lucrative utility, but won’t be the best way to find good content. That will be the domain of Aol and, hopefully, Yahoo. Peace!

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I love to pay attention to great corporate leaders. They are decisive, make informed decisions and once you know what drives them are predictable. Always, they are always strategic.

 

Were my parents to comment on Michael Dell’s fall from corporate grace over the years, they would whisper “Is he on drugs?”  He was such a good CEO and now he’s all over the place.”  I am not at all suggesting Mr. Dell uses drugs, but he did go from the number one business executive in the country to someone who is unpredictable, a follower, unfocused and seemingly lacking in discipline.  He needs to be hypnotized and brought back to those days in his dorm room at U Texas, so that he can find his vision.

 

Carol Bartz on the other hand has moved into the CEO role at Yahoo!, a company which is more like five companies, and decided to “simplify.”  Bravo. Yahoo’s problem is that it has forgotten what it is, focusing instead on earnings, stock prices, business partners, platforms and, and, and… Ms. Bartz approach, after only a few weeks on the job, is less silos, less layers, fewer agendas, more focus, more Yahoo.  Today’s smartest marketers are simplifying.  

 

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What’s the idea with Yahoo?

Many of us have been waiting for Yahoo to make a move. The appointment of Carol Bartz as CEO is part of that move, but now the strategy must change.  Were I Ms. Bartz, I’d block all calls to Redmond on the corporate PBX and announce that search will never be sold. Never! My goal would be to become the #1 content site on the web. Like the New York Yankees, I’d create a hit-list of the world’s best writers, bloggers and social media experts (e.g., Perez Hitlon, Robert Scoble, Seth Godin, David Carr, Thomas Friedman, Beppe Grillo, etc.) and pay them big bucks to sign on.

Advertising is not a strategy, it’s the price of doing business, it’s infrastructure.  Content is a strategy. Yahoo needs to be the world’s most sought after content site. It once was and can be again. I would put the money into content and the search and ads will follow. Peace!

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