Journalism vs Advertising at the LA Times

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Tribune owned LA Times recently announced layoffs, just after winning a couple of Pulitzer prizes according to this story by Jacques Steinberg.

“Look at USA Today; how many Pulitzers have they won?” Mr. Janedis added, singling out the flagship of the Gannett chain, which has yet to win one. “But they sell a lot of advertising and get good rate increases.”

The article also compares major publisher cashflow margins (from Banc of America Investment Securities):

Lee publishes the local Wisconsin State Journal and co-owns the federally sanctioned monopoly (newspaper joint operating agreement: whereby overhead and advertising are shared among two or more “competitors”): Capitol Newspapers.

Andreessen on Current Technology

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Wisconsin native Marc Andreessen (now living comfortably in Silicon Valley) participated in a Washington Post online chat yesterday. Andreessen discussed the tech business, new software tools, P2P/distributing information and open source software. He also touches on John Kerry’s statements on globalization and midwest manufacturing: “it’s not coming back”. A useful read.

Versailles Restoration: Bosquet des Trois Fontaines

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One of the 15 Ornamental groves in the gardens of Versailles will be reopened on June 12th.

It marks the latest in a series of American gifts to restore the great creation for Louis XIV of Andr? Le N?tre and Charles Le Brun. After the second world war John D. Rockefeller gave millions to restore the place, convinced that the chateau and its gardens were of wider than French significance. Americans then responded generously to storm damage in the 1990s, and now the American Friends of Versailles have given $4m and years of voluntary work to help French experts recreate the Bosquet des Trois Fontaines (the Three Fountains Grove).

British Gardening

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The June 5, 2004 Economist reviews “A Little History of British Gardening“:

NAPOLEON called England a nation of shopkeepers: given the demise of the British high street, it would be more appropriate today to call it a nation of gardeners. The bicentenary of the Royal Horticultural Society (RHS) this year has spawned a green-fingered fever across a country where gardening is already a national pastime; where more than 15% of the population has a conservatory; where television gardeners are national heart-throbs; and where almost everyone has an opinion on rhododendrons

The MBA Menace….

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Yuko Shimizu on Harvey Mintzburg’s new book: Managers not MBA’s

Congratulations! You have a sparkling new degree, highly prized in this world. You have learned a great many things about business. You have invested two years of your life, not to mention lost wages and a small fortune in tuition, in this impressive undertaking. As a result, you are fully qualified to go out and become a menace to society.
Granted, this isn’t fully the fault of your school. Nothing personal, but full-time MBA programs by their nature attract many of the wrong people–too impatient and analytical, with little experience in management itself. These may be fine traits for students, but they can be tragically ill-suited for managers.
Conventional MBA programs then compound the error by giving the wrong impression of management: that managers are important people disconnected from the daily work of making products and producing services; that managing is largely about decision making through analysis; that managers pronounce deliberate strategies for everyone else to implement; and worst of all, that by sitting still in a classroom for a couple of years, you are now ready to manage anything.