Very exciting news on the expansion of @LookoutSCruz to Eugene, Oregon, and the return of @williamsjed as COO/CRO. Love what @kdoctor is building w/ more to come. Keep an eye on this strategy... #mediainnovation
https://t.co/k5v9zG03Pp
Roger Federer’s Commencement Address at Dartmouth yesterday might be the best speech he’s ever given.
Amazingly articulate, funny, full of wisdom. Made me laugh and tear up. I’m so very proud to have had him as my idol for the past two decades.
If you have 25 minutes to spare…
The #Pulitzer for Breaking News Reporting is awarded to the staff of @LookoutSCruz, for its detailed and nimble community-focused coverage, over a holiday weekend, of catastrophic flooding and mudslides that displaced thousands of residents and destroyed more than 1,000 homes and businesses.
Lots of talk these days about revenue diversification for media companies. It's important but you also need some level of critical mass in your core.
You can be so diversified that your revenue mix isn't attractive.
“Time keeps me up at night” -@kdoctor shares more about what gets him up in the morning and what keeps him at up night about the future of local media. Doctor joined the @LocalMediaAssoc board this year. https://t.co/i1khbWQ6bd
Last week CNN asked me how I explain the downturn in the news industry: big layoffs, scant investment, no recovery in sight.
A list of factors is not an explanation, I said. But that is what I have.
So here's my thread. None of it should be news to people in the business. 0/
So appreciative of everyone who has reached out and is keeping Eric's family in your thoughts and prayers.
These next few days and weeks and months will be everyone processing this unthinkable news in their own way. Mine is writing about it.
https://t.co/J76jjOFTKw
What is Strategy? Future Competitive Advantage.
What will your customers want in the future? Who will be your competitors in the future? Against those needs and those competitors what advantage will your company provide?
Over decades it has become clear that while many companies get this right when they get it wrong its because of one of four mistakes
Mistake 1: Strategies that limit ones competitive set or define categories by the companies one currently competes with.
If a strategy is based only on existing competitors and todays category definitions, it may be dead on arrival.
Mistake 2: Strategies built by extrapolating todays realities into tomorrow.
Scale will matter less than it has. Populations are in rapid decline versus expanding. Power is moving from capital and management to talent and labor.
The future vectors of change will not be built around the forces of the past
Mistake 3: Strategies focused on technology trends.
No company will be able to compete without significant data and AI investments but it highly unlikely that it will be the data and the AI that will be the differentiator.
Technology including AI should be an input to strategy rather than writing strategies around technology !
Mistake 4 : Strategies that do not incorporate talent dynamics.
Every strategy deck should have a significant section on how to turbocharge and build the strategy leveraging talent and not just focus on competitive dynamics, financial metrics and total addressable market and other data.
Companies grow and transform when talent grows and transforms.
Read the short 6 minute piece below and it might change the way you think about the future forever!
https://t.co/BLseOxLS3J
Medill visiting professor @businessofnews was featured on an episode of @NewsHour's "America at a Crossroads." The episode examines how the loss of local newspapers across the country is fueling division and how some news outlets are hanging on: https://t.co/o81cHZAppH
Mary and I are simply devastated by the sudden death of my 30-year-plus wonderful friend Mark Friedman. I'd talked to Friedo 4-5 times last week alone. He was the editor and digital producer for our new podcast "Just Wondering...with Norm Hitzges."
This is my favorite thing to post after the end of every tour. A breakdown by album of every song played and how many times. We got 101 unique songs played this tour, which considering that last year in 33 shows was 124, I’d say we did pretty damn good.
Long 🧵incoming #pearljam