Monday, February 26, 2007

"The road to happiness lies in two simple principles: find what it is that interests you and that you can do well, and when you find it put your whole soul into it - every bit of energy and ambition and natural ability you have." John D. Rockefeller III

"Genius is only a superior power of seeing." John Ruskin

Management said January revenues were down 5% from last year, mainly due to weakness in print advertising. Sarah Ellison writing for WSJ provides an update on the auction and Sam Zell here. My sense is they will spin the TV stations and WGN radio as part of their strategy, self-help or not. (Thanks to Romenesko for the tip). Staci Kramer has more coverage over at paidContent here.

Don Hewitt: "We don't need backers...If we get it going, and they start contributing, we can put it on Yahoo or Google or somewhere." The great Don with son, a former colleague and film students aim to launch a new enterprise. The story by The Village Voice's Keach Hagey here. Go Don, go!

Dave Winer: On podcasting, the ideal podcast player and more. Dave is spot-on that the ideal player should both play and record, should be based on "open" architecture and should provide wireless connectivity. Dave's talk (MP3) at last week's meet Public Media 2007 in Boston here. Highly recommended. Bravo Dave! Well said.

FYI: eMarketer's projection is podcast advertising is a nice little $400 mil business. This projection is likely based on the transactional ad models now in use and might turn out to be way less than the real potential for podcasting. Lots of innovation ahead.

Oscars: Fine job by Ellen last night. Award show crowds tend to be a hard room to the night goes on the room fills with losers. Great that Marty finally got the hardware and formal recognition.

More from Jack Lechner's excellent writing on HBO...

What’s a good HBO project?
Something new and different.

Isn’t our project new and different? Not enough for HBO.

So what’s new and different enough for HBO? We know it when we see it.

Read Jack's GOOD Magazine article here.

Bonus: Henry Jenkins

Chicago: Now working in or around the music biz in the second city? You did previously? You will not want to miss the biggest reunion in Chicago records and radio history. Paul Gallis, Clark Weber and Jim Scully invite you to be a part of the fun Tuesday May, 8. Details and RSVP info here. See you there!