Deep in Business Insider owner Henry Blodget’s cover story for New York’s Facebook package, the SEC-banned analyst apologized for Tech Bubble 1.0 and swears it’s different this time. Praising Mark Zuckerberg for focusing on growth before monetization, he wrote:
This sounds nuts—aren’t companies supposed to make money?—and it sounds especially nuts in the wake of the dot-com bust. But that crash was a product of investors’ and analysts’ overexuberance (sorry!), not evidence of a fundamental flaw in the tech industry’s start-up ecosystem. [New York]
For taxonomic purposes, it’s worth noting that the article also falls into a category invented—and mocked—in this week’s Shouts and Murmurs, “I’m an Article About the Internet That You Repost on the Internet.”
What will Mark Zuckerberg do next? Who cares! You do, in an involuntary, Pavlovian way, which is why you’re reading me when you should be outdoors, talking with a loved one, listening to live music, knitting, doing nearly anything else! Make a limp statement about your technocratic dictator that masquerades as wit, you enslaved peon, and pass me on! [New Yorker]
Elsewhere, a former 60 Minutes producer says that Jeff Fager : 60 Minutes :: Tina Brown : The New Yorker. The show is courting a younger audience with younger executives (i.e. 50 instead of 80) and talent (i.e. Anderson Cooper interviews Adele). [NY Times]
BuzzFeed editor Ben Smith said that one of the biggest challenges facing the site is that advertisers have become so good at making content that he’s competing with his own advertisers for readers. Maybe the problem is the readers, in that case. [Capital NY]
New York Times Co. eliminated 50 non-newsroom jobs, including assistant general counsel George Freeman, who had been there 31 years. [Romenesko]
Why is Oprah Winfrey’s OWN network $312 M. in the hole? According to Businessweek, Discovery execs were banking on filling airtime with sick shows about plastic surgery from the Discovery Health archives and, surprise, Oprah fans weren’t into it. [Businessweek]
Even Tom Brokaw thinks the White House Correspondent’s Dinner is obscene. He told Meet the Press: “It is time to re-think it. Look, I think George Clooney is a great guy, I’d like to meet Charlize Theron, but I don’t think should the big press event should be that kind of glittering event where the whole talk is about Cristal champagne … That’s another separation between what we’re supposed to be doing and what the people expect us to be doing.” In the name of transparency, Off the Record did consume one flute of Cristal at The New Yorker party last year but we’re almost positive the tray was intended for a group of famous people behind us. [Jay Rosen]
The New York Times on News Corp.:
David Carr wonders (not really) why the News Corp. board—made up of friends, political allies and former employees of Rupert Murdoch—has been silent throughout the phone hacking trial. [NY Times]
Bill Keller thinks Roger Ailes’s defensive memoiring (in anticipation of Gabriel Sherman’s biography) reflects Fox News’ self-serving ambivalence toward The Truth. And he says something nice about Times rival The Wall Street Journal!
“For a salient point of reference, compare Fox’s soft-pedaling of the Murdoch troubles with the far more prominent coverage in The Wall Street Journal, which has managed under Murdoch’s ownership to retain its serious-journalism DNA.” [NY Times]
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