Quote of the Day: Greg Clayman from MTV Networks

“The online culture is a recommendation culture.”

Greg Clayman, Executive Vice President of Digital Distribution and Business Development, MTV Networks speaking at the Mobile Internet World conference (seen on Mark Dixon’s blog and in Montreal’s Le Devoir).

Nexstar Broadcasting Group Finds Value in Local Online Advertising

I was reading the Financial Post section of the National Post this morning and I found an article about Nexstar Broadcasting Group and its local TV peers.

Highlights:

  • “After a long period in Wall Street’s dog house, Nexstar Broadcasting Group Inc. and other local TV companies are strutting like Best in Show winners. Stocks of Nexstar, Lin TV Corp., Young Broadcasting Inc., Sinclair Broadcasting Group Inc. have climbed by 50% or better since last fall, as broadcasters squeeze cash from cable companies to carry the local stations on which U.S. audiences watch most of their TV.”
  • “Nexstar bulls say the market hasn’t yet recognized Nexstar’s other industry-leading positions: The company has pioneered the ownership of two TV stations in the same market and by transforming its stations into TV-and-online machines, while much of the industry just starts to wake up to the Web.”
  • “Less than a year ago, Nexstar lured Rajiv Lulla, a former Web guru at Viacom Inc.’s MTV, to transform the company’s online strategy. Starting last fall, eight Nexstar stations so far have beefed up their Web sites to carry more video content from the TV stations — especially local news –and sell advertising around it. The company expects to convert the rest of its station group by this summer.”
  • “Private equity money is flowing into local TV.”

What it means: this article gives a quick rundown of Nexstar and other publicly-traded local TV companies. There’s one sentence in the article which puzzles me though. When talking about the stock value of Nexstar, the journalist says: “The problem is the inexorable decline in market share for local advertising dollars, which the affiliates rely on for the bulk of its revenue.” I’m not sure exactly what that means. Does it mean local TV is losing market share in local advertising dollars? Does it mean local advertising is losing market share vs. national advertising? I’m not sure. Anyone in my readers can explain this to me?

Meta-Praized: Google & Outdoor Advertising, 100M IE7 Installs, DRM isn’t about Piracy, The Future of Telephony, Newspaper blogs, and more

Meta-Praized is a collection of links & stories we’ve “dugg” on Digg.com in the last few weeks. By clicking on that link, you can always follow what’s currently on our mind:

  • “Google plans street advertising presence” via Engadget
  • “Google Talk to Interoperate with AIM This Year” via the Google Operating System blog
  • “Microsoft Hits 100 Million IE7 Installs” via BetaNews
  • “Privately, Hollywood admits DRM isn’t about piracy” via Ars Technica
  • “Small Town News Station Heads to YouTube” via SplashCast Media
  • “MTV to buy RateMyProfessors.com” in News.com
  • “Asterisk: The Future of Telephony” via linux.inet.hr
  • “Google (Google Checkout) breaks ceasefire with eBay” via Valleywag
  • “Big Media’s Crush on Social Networking” in the New York Times
  • “Google Inc. is currently in negotiations to purchase Adscape Media (videogame advertising)” in CNN Money
  • “Traffic to newspaper blogs soars” via MarketWatch

Meta-Praized: Google & Outdoor Advertising, 100M IE7 Installs, DRM isn’t about Piracy, The Future of Telephony, Newspaper blogs, and more

Meta-Praized is a collection of links & stories we’ve “dugg” on Digg.com in the last few weeks. By clicking on that link, you can always follow what’s currently on our mind:

  • “Google plans street advertising presence” via Engadget
  • “Google Talk to Interoperate with AIM This Year” via the Google Operating System blog
  • “Microsoft Hits 100 Million IE7 Installs” via BetaNews
  • “Privately, Hollywood admits DRM isn’t about piracy” via Ars Technica
  • “Small Town News Station Heads to YouTube” via SplashCast Media
  • “MTV to buy RateMyProfessors.com” in News.com
  • “Asterisk: The Future of Telephony” via linux.inet.hr
  • “Google (Google Checkout) breaks ceasefire with eBay” via Valleywag
  • “Big Media’s Crush on Social Networking” in the New York Times
  • “Google Inc. is currently in negotiations to purchase Adscape Media (videogame advertising)” in CNN Money
  • “Traffic to newspaper blogs soars” via MarketWatch