Today’s media executives plotting to charge for their content would do well to hear how Larry Kramer beat Jim Cramer’s TheStreet.com by resisting pressure to put most content behind a pay wall while not relying entirely on advertising. To the average consumer, MarketWatch.com seemed to have come out of nowhere during the late 1990s to quickly establish itself as one of the leading sources of online financial information. For MarketWatch founder Larry Kramer, it represented the last chapter of his 15 year journey as a first-time entrepreneur. Larry started his career as a journalist, going from reporter to the top editor of the San Francisco Examiner in just 10 years with stops at the Washington Post and Trenton Times along the way. Larry founded DataSport Inc. (the company that would eventually morph into MarketWatch though a series of mergers and partnerships) with $500,000 from friends and family. He almost ran out of money early on. After a wild ride on the public market, Larry sold MarketWatch to Dow Jones for over $500 million in 2004 and went on to become the president of CBS Digital Media until 2006. Hear how Larry lived though two different careers and what he’s planning next.
Introducing…The Mad Fientist Financial Independence podcast!
In each session, I will pick the brains of some of the most respected fientists in the field and discover their techniques and strategies for reaching financial independence.
For the first installment, I had the privilege to talk to the original Mustachian himself, Mr. Money Mustache!
On this week’s edition of Rebooting The News, NYU Journalism Professor Jay Rosen riffs on the seminal NPR/This American Life co-production from last year, Giant Pool of Money, and finds in it the germ of a compelling argument: Deep reporting is not only good journalism, it may actually be the thing that creates a desire for more news, building new consumers of news where there were none before. From http://www.niemanlab.org/2009/05/rosen-deep-reporting-creates-hunger-for-updates/
Louis Gray and Chris Saad discuss the issue of real-time news reporting and curation, most recently seen with this week’s controversy involving TechCrunch and Teens In Tech CEO Daniel Brusilovsky. Are we going to see a transformation of journalism from solely content creation to a mix of content curation, and if not, how can we compensate investigative journalism?
People mentioned include: Loic Le Meur, Gabe Rivera, Loren Feldman, Michael Arrington, Robert Scoble, Marshall Kirkpatrick