{"id":1787,"date":"2009-03-17T11:33:02","date_gmt":"2009-03-17T19:33:02","guid":{"rendered":"http:\/\/lefsetz.com\/wordpress\/?p=1787"},"modified":"2009-03-17T11:33:02","modified_gmt":"2009-03-17T19:33:02","slug":"the-seattle-post-intelligencer","status":"publish","type":"post","link":"https:\/\/lefsetz.com\/wordpress\/2009\/03\/17\/the-seattle-post-intelligencer\/","title":{"rendered":"The Seattle Post-Intelligencer"},"content":{"rendered":"

With a stripped down staff, the new "Seattle Post-Intelligencer" will now publish online, and rather than being an amalgam of local and national news, it will focus on the City of Coffee with laser-like focus.<\/p>\n

The newspapers may have followed the music business in being blind-sided by the Web, but it appears Hearst has a better plan for survival than the major labels.<\/p>\n

In other words, trying to be all things to all people, when your audience has the ability to extract just what it wants online, is a poor strategy.\u00c2\u00a0 Banking on homogenous acts promoted by radio and TV is a recipe for extinction, not survival.\u00c2\u00a0 Rather than lowest common denominator, you’re better off serving niches exactly what they want.\u00c2\u00a0 If you were to run a record label, you’d be better off with an indie act, an underground rap act and a hard core metal act than the blend of performers with "mass appeal" major labels now sign.<\/p>\n

The major labels have not died yet because of their catalogs.\u00c2\u00a0 That’s what’s bringing in the revenue, along with their publishing companies.\u00c2\u00a0 When will some bean-counter look at the costs involved with new music production, take a scalpel and excise this from the company?\u00c2\u00a0 You’re spending all this money and these are the returns?<\/p>\n

Furthermore, there’s the obvious question whether you need a major label at all.\u00c2\u00a0 Seth Godin’s got an interesting post about this today: <\/p>\n

\n
Where have all the agents gone?<\/a><\/div>\n<\/blockquote>\n

Does the major label add any value?<\/p>\n

It used to, when having relationships with gatekeepers at radio and retail were key.\u00c2\u00a0 But today, the music of most acts will never get played on terrestrial radio.\u00c2\u00a0 As for retail?\u00c2\u00a0 You can make a deal with TuneCore and get paid no problem.\u00c2\u00a0 In order to survive, all labels must deliver more than manufacturing and shipping, must do more than just issue press releases.\u00c2\u00a0 A label should provide more degrees of service, but this requires infrastructure, which the label has cut in order to reduce costs.\u00c2\u00a0 If you want a piece of my merch and my live business, you’d better help sell my merch and get me gigs. But the majors don’t do this.\u00c2\u00a0 So, despite their rhetoric, they’re heading towards oblivion.\u00c2\u00a0 Sure, they’ve got some acts so blind they’ll make this 360 deal, just like there were full page advertisers in both the "Rocky Mountain News" and the "Post-Intelligencer" before they folded.\u00c2\u00a0 But most acts want more specialized service, and they don’t want to give up so much to get so little in return.\u00c2\u00a0 The same way an advertiser would rather pay Google for those who click on their AdWords than spray their message far and wide for a high price to people, most of whom don’t care.\u00c2\u00a0 The old "Post-Intelligencer", the printed edition, charged the equivalent of $200 to reach a thousand users, the same reach online is $10.\u00c2\u00a0 And you wonder why advertisers are migrating to the Web?<\/p>\n

And what killed newspapers?\u00c2\u00a0 Craigslist.\u00c2\u00a0 Now classifieds are free.\u00c2\u00a0 Just like music.\u00c2\u00a0 Most acts are thrilled if someone will listen to their music.\u00c2\u00a0 They’ll give it away for free hoping to make fans.\u00c2\u00a0 How is the label supposed to compete with this? Especially when these give-it-away acts see no need for the label?<\/p>\n

And when it’s all said and done, we’re not going to have a bunch of ubiquitous acts, just a ton of journeymen, who are supported by their silo of fans.\u00c2\u00a0 Sure, if I want to go to Seattle, I might check out the "Post-Intelligencer" site.\u00c2\u00a0 Otherwise, I’m ignoring it.\u00c2\u00a0 Just like I’m ignoring Lady GaGa and all those other records in the Hot 100.\u00c2\u00a0 Sure, there’s a chart, but most people are not paying attention.\u00c2\u00a0 They don’t have to.\u00c2\u00a0 They’ve been set free by the Web.\u00c2\u00a0 And to think that they’re going to come back and buy a very few acts, that are promoted by the usual suspects, is to live in fantasyland.\u00c2\u00a0 Top Forty radio is a niche.\u00c2\u00a0 And not a very attractive one, populated by evanescent acts concocted by svengalis.\u00c2\u00a0 People want something more visceral, something that they can hold on to and spend a life with.\u00c2\u00a0 Hit single acts are like stories in a newspaper.\u00c2\u00a0 Here today and gone tomorrow.\u00c2\u00a0 Who wants yesterday’s news?<\/p>\n

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With a stripped down staff, the new "Seattle Post-Intelligencer" will now publish online, and rather than being an amalgam of local and national news, it will focus on the City of Coffee with laser-like focus. The newspapers may have followed the music business in being blind-sided by the Web, but it appears Hearst has a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-1787","post","type-post","status-publish","format-standard","hentry","category-music-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p96vPs-sP","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts\/1787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/comments?post=1787"}],"version-history":[{"count":1,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts\/1787\/revisions"}],"predecessor-version":[{"id":1788,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/posts\/1787\/revisions\/1788"}],"wp:attachment":[{"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lefsetz.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}