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Major media outlets are starting to understand the zero sum game of Attention

Added on by Chris Saad.
Scott Karp has written a great piece summarizing what we here at Touchstone has been alluding to for quite some time.

Individuals can now make a good living as content creators, without ever creating or becoming part of a scale content business. What’s more disruptive, however, is that in the market for original content, the attention economy is draining dollars out of the cash economy. There remains a zero sum game for consumer attention, so for every minute a consumer spends with content created by an entity whose compensation is in form of attention, there’s a minute not being spend on content created by a for-profit entity.

In contrast, the content aggregation and distribution side of the divided media industry has all the advantages of scale, with the technology-enabled platform (e.g. MySpace, Facebook, YouTube, search) serving as the organizing principle for the new scalable media businesses. Content creation is asymptotically approaching commodity status, while platforms that can effectively aggregate content and allocate scarce consumer attention can unlock immense value in the new media marketplace.


Bingo.

This does not mean, however, that commercial content creators will lose out while Aggregators destroy their businesses. It means that content creators need to understand and respect and value the role of aggregators to help them find an audience. Further, they need to understand how Personalized Aggregation (based on Attention) changes the publisher/audience dynamic.

First, as we all know, there is no more audience, only participants. But more importantly for this discussion - the participants have different expectations. They want highly tailored content experiences that meet their tastes exactly. And they have no shortage of places to find that conent - in fact too many sources. We sometimes call this hyper choice or information overload.

This means that publishers need to:
  1. Start thinking niche.
  2. Start finding ways to cut through the noise to reach niche audiences.
This is where Attention comes in. By measuring one's Attention you can learn what they are interested in. By learning what they are interested in you can learn what content they want to see more of. From there, it's a hop, skip and a jump to connecting content creators with participants.

It also means that Aggregators will have a growing responsibility to content creators. A responsibility to report statistics, create transparency in their platforms and find some way to help the eco-system of Content Creators become successful.

Read Scott's full post for some more great insights.

Will Widgets and RSS hit the mainstream?

Added on by Chris Saad.
Scott Karp of Publishing 2.0 asks yet another interesting question on his blog.

"Will Widgets hit a Mainstream Wall just like RSS?"

From his post:

"But I was struck by how widgets, like RSS, are really more of a boon for online publishers than for average folks. Widgets, like RSS, are great for syndicating information, or in the case of widgets, also application functions. But for average users, they are only useful for aggregating on a start page, and really, how often do most people change their start pages?"


Widgets and Gadgets are names used interchangeably for stuff that you can put on your blog/myspace account and stuff you can put on your desktop.

In regard to the Desktop widgets, here's what I think of widgets.

In regard to RSS, our newly updated website sheds some light.

In the 'Got a Mom?" section, it says:

"[To hit the mainstream] RSS has to become brain dead simple to use." - Fred Wilson

Do your parents know how to find and subscribe to RSS feeds? Should they? Do they know how to read HTML? Of course not; they "browse the web". RSS needs to be that simple.

Touchstone makes RSS dead simple by taking the subscribing out of the equation. Get your mum to quickly and easily type in her interests into a little textbox and Touchstone does the rest.


Like Scott goes on to say in his post:

"Now, none of this means that widgets, like RSS, won’t revolutionize the world of web publishing (although I’m skeptical of Tariq Krim prediction that widgets will kill web pages) — it’s just that it will be transparent to the average web user."


He's exactly right.

Widgets, like RSS, are usually technical and always overwhelming in an information consumption sense. They are great for myspace bling, but to actually get productive information you need something far more intelligent.