Showing posts with label Wall Street Journal. Show all posts
Showing posts with label Wall Street Journal. Show all posts

Thursday, May 21, 2009

when numbers go bad

Old story, old post. But a good example of how numbers can lie.

First there were the numbers: A while ago, in a story about the growth of blogging, Mark Penn of The Wall Street Journal reported that "there are almost as many people making their living as bloggers as there are lawyers. Already more Americans are making their primary income from posting their opinions than Americans working as computer programmers or firefighters."

Then there were more numbers. From the story:

Demographically, bloggers are extremely well educated: three out of every four are college graduates. Most are white males reporting above-average incomes. One out of three young people reports blogging, but bloggers who do it for a living successfully are 2% of bloggers overall. It takes about 100,000 unique visitors a month to generate an income of $75,000 a year. Bloggers can get $75 to $200 for a good post, and some even serve as "spokesbloggers" -- paid by advertisers to blog about products. As a job with zero commuting, blogging could be one of the most environmentally friendly jobs around -- but it can also be quite profitable. For sites at the top, the returns can be substantial. At some point the value of the Huffington Post will no doubt pass the value of the Washington Post.

All of which should make a smart person scratch her head.

Then there was this post on Ecoconsultancy by Patricio Robles who not only called out the WSJ on faulty data, but provided a good lesson on how numbers go bad. He writes:
The first glaring problem: he uses a hodgepodge of sources to come up with his argument. He assumes there are 20m bloggers (based on data from eMarketer), assumes 1.7m of them profit from their blogging (based on information promoted by BlogWorldExpo) and assumes that 2% of the bloggers out there can earn a 'living' from their blogs (based on Technorati's State of the Blogosphere Report).

But the biggest problem here is not just the hodgepodge of data. It's that the basis for many of his claims is Technorati's State of the Blogosphere Report, which was sent to a random sample of Technorati users and which was based on less than 1,300 self-completed responses.

Assuming that 2% of the approximately 20m people who are estimated to have 'blogged' at some point in the US equates to 452,000 professional bloggers simply because 2% of the 1,300 bloggers who responded to Technorati's survey can reportedly earn a living blogging is the definition of fuzzy math.

He also points out how using means rather than medians can skew the facts as well:

The difference between mean (average) and median revenues is huge; the median figures are far more likely to be realistic. If the median revenue reported by the 550 US bloggers who were actually active enough to respond to Technorati's survey was $200, what does that tell us about the 20m Americans who have supposedly blogged at some point?
Finally, he writes that a small data box accompanying the WSJ story was misleading:
More troubling: that the 452,000 blogger figure is included in a table that cites the Bureau of Labor Statistics as its source, giving the impression that the Bureau of Labor Statistics confirms that there are more professional bloggers in the US than firefighters, CEOs, computer programmers or bartenders. It doesn't say any such thing; the figures for all the other professions were provided by the Bureau of Labor Statistics, the blogger figure was inserted by Penn.
Apparently, Robles wasn't the only one to complain. At about 4:30 that afternoon, Penn updated his story, suggesting that his critics should do the math. I did. His methods still don't pan out. bk

Wednesday, January 14, 2009

scare quotes

Or should I have written "scare quotes" in quotes?

Go here for a great piece in The New Republic on the Wall Street Journal's use of quotation marks to imply skepticism or disdain or, as senior editor Jonathan Chait puts it, when "an editorial whips itself into a frenzy of scare-quoting that can be halted only by the physical limitations of the printed newspage."

Quotation marks mine. Used legitimately. bk

Tuesday, December 30, 2008

rekindling the news biz?

This, according to Mediabistro's Mobile Blog Network: USA Today will soon be available via Amazon's Kindle for download, at a monthly price of $11.99.

Other newspapers that are Kindle-ready include The New York Times, The Wall Street Journal and The Washington Post.

I'm not sure how to think about this. Will this help to keep newspapers in business? Hasten their demise? I guess it all depends on how many readers -- ostensibly commuters? -- would pay to read the news on a Kindle when they can read it online on a considerably larger flat screen for free.

Intriguing. bk

Friday, December 12, 2008

bad day for detroit

On top of everything else, the WSJ is reporting that the Detroit Free Press and its partner paper, The Detroit News, may stop home delivery everyday but Thursday, Friday and Saturday. An abbreviated print edition would be available at newsstands on the other days. Readers would be directed to an expanded digital version.

The Free Press is owned by Gannett. The News, by MediaNews. Possibly the shape of things to come in other cities across the nation? I get it that saving paper and delivery costs would save money for a strapped news org. But not sure it would necessarily build an audience for the paper's website. For example, if you were to go directly online to read the paper while you eat your Cheerios, with all the options out there, would you really log onto the hometown press for anything other than a quick hit of local stories? Don't think I would.

From the article:

"The Free Press and News would be the first dailies in a major metropolitan market to curtail home delivery and drastically scale back the print edition. More newspapers are contemplating similar moves as the erosion of advertising and rising costs of print and delivery have brought publishers to their knees. In October, the Christian Science Monitor said it will stop printing a daily newspaper in April and move instead to an online version with a weekly print product.

Newspaper groups have taken drastic steps lately to align costs with shrinking revenues, including massive staff cuts as well as efforts to consolidate functions through partnerships like the JOA in Detroit. As many of those measures have proven insufficient, publishers have taken a harder look at shifting away from print or abandoning it altogether to save on printing and distribution."

Thursday, December 11, 2008

Newsweek: soon just a clever name?

The WSJ reports that Newsweek will soon be a slimmer, less-read version of its former self. It will also be less newsy.

Apparently -- perhaps an attempt to appease readers conditioned by cable TV and the web to expect their news to come with a heavy dose of editorializing as well as color visuals -- the weekly will devote more of the scaled down book to photos and opinion.

It's also a way to save money. Going out and finding the news costs much more than yakking about it -- or for that matter, linking to it. It also takes far more time.

According to the WSJ: "Newsweek is seeking in part to mirror publications like the Economist, which has thrived in a tough market by focusing less on costly news gathering than on driving discussion of the day's issues.

"Mr. Meacham said recently that Newsweek has never been an objective summarizer of the week's events, or 'AP on nicer paper,' though he acknowledged a greater emphasis lately on editorializing. 'We are trying to be more provocative,' he said."

Provocative, good. Fewer pages devoted to actual news, not so much.

In addition to shedding pages, Newsweek may also try to shed readers, which seems counterproductive, but is not necessarily. Again from the WSJ: "Newsweek could benefit from targeting a smaller group of readers for reasons beyond reducing its printing and delivery costs. Some industry veterans think news weeklies must shed even more readers -- and charge more for remaining copies -- to garner an audience for which advertisers will pay a premium."

The magazine will also announce this afternoon that it is cutting staff. bk

Thursday, November 13, 2008

postscript

One last riff on objectivity, at least for today, from Fine on Media in Business Week. Read it here.

This graf on the Wall Street Journal gets right to the point:

"I’ve defended, even
very recently, against the notion that a News Corp-owned Wall Street Journal has been slowly tilting rightward, a notion that more than a couple of Journal readers have floated past me in recent weeks. I still stand by this. Although what’s more to the point is that I frankly don’t care, as long as the Journal reports actual facts and I can still access hundreds of other news sources as a counterweight."

I noticed something similar last week, on an early flight back from PA. We grabbed a WST from the hotel lobby on our dash to the airport, and I was pleasantly surprised at how even-handed, comprehensive and credible the reporting on the last weekend of the campaign seemed to be. I found no agenda whatsoever -- until i turned to the op-ed page.

As for the bias I found there, frankly, I didn't care. bk

Wednesday, October 22, 2008

just curious:

According to Beet.TV, the Wall Street Journal is currently training many of its print reporters to use video as well. The site further reports that "as of June, 185 print reporters at The Washington Post had been trained to produce online video."

Is this an indication that reporters will soon be expected to report across multi-platforms? A sign, as Microsoft Chairman Steve Ballmer predicts here, that print will be gone entirely in ten years?

If both Beet.TV and Ballmer are right, I wonder what the impact will be -- on the news media itself and on those who either produce it or rely upon it. Your guess: good as mine. bk