The Blog Network Stampede? Nonsense!!
Matt Craven announced at the Blog Herald yesterday that Blog Media Inc. is rebranding itself into Problogging Inc. He goes into more detail about the whys and wherefores at the Problogging site itself. It does go a long way as to explaining why Blog Media (or now Problogging) have been so aggressive recently in selling up their blogs. To name just a few-: Biziki (which we bought), Gadget Bloggers, Mobility Watch and now Sporty Blog is on sale at sitepoint. To quote Matt-:
This is part of a deliberate strategy to move beyond the “wide & deep” network strategy that we have employed in the past in order to refocus our efforts on our consulting business and expand more into services for professional bloggers, including directly consulting in that arena.
An interesting comment was left by John Evans from Syntagma Media and then a futher observation in a post-:
As I’ve written here many times, I believe the blog network concept was over-egged because Weblogs Inc was seen as a network rather than two superstar tech websites. The charge out of this space is becoming more like a stampede. As I write, Steve Rubel is asking whether Weblogs Inc itself will survive within AOL now that Jason Calacanis has left.
I am not going to argue the semantics here of this specific scenario, but I would like to pick up on the general gist of it- as there’s been a lot written about the “rise and fall of blog networks” recently.
I’m sure that Blog Media/Pro Blogging know what they are doing and have good strategies in place.
And I’m sure that Syntagma are sure that they are going down the right path as well. Anyway, it’s not really any of my business and I loathe the childish bickering that one often finds in blogosphere. Each to his or her own. And looking over one’s shoulder is a waste of time. As is egoism. Where I come from, humility is a quality, not a defect.
But what I would say is that we are perhaps seeing an evolution of the “creators” of blogosphere moving out, and the offline, “commercial players” (who can ride out long-term ROIs and gain lateral, rather than direct, benefits)- moving in.
Unlike John Evans, I believe very much that blog networks will be extremely healthy long-term investments. Far from being a “bubble”, I don’t think we have even seen the tip of the iceberg yet. Right now the US almost completely dominates the space.
This, in percentage terms, will change over time- a great deal. Blogging will increasingly become more “mainstream” and less “tekkie”. So that people who don’t even know what RSS is- will soon be signing up on their TV screens. Who do I want reading my blogs long-term? People who don’t even know what “blog” means yet. So if this takes us 5 or 10 years, so be it.
I used to work in the stockmarket and we, on a daily basis, were so obsessed with the “technicals” and trading “the margins”, that we never saw the real profits from the bull market, always too eager to buy and sell, and failing to see the overall picture.
The senior expert on a 15th Century Flemish artist, Jan Van Eyck (most famous for his “Arnolfini Marriage” portrait)- was called Erwin Panofsky. He wrote volumes about the symbolism of Van Eyck’s paintings. My point? He yearned to own a Van Eyck and was often consulted for authentication purposes. After he died and his estate was being evaluated- to everyone’s utter amazement, a small (previously unknown and attributed to “school of Master of Flemalle”) iconographic painting by Van Eyck was hanging beside his desk! In other words, while writing books and books on his favorite artist, Panofsky had missed the fact that he owned an original Van Eyck himself all along!
This was my experience playing the stocks. I was “too close to it” and too quick to predict the peaks and troughs. And this I fear is the same thing happening with false predictions now of the demise of blog networks- from the very people who have helped build them up. They are too close to the action and unable to see that the movement is only just getting started!
I hate to repeat a cliché from a previous post, but here it is again-:
“Fools build houses for wise men to live in“.
[tags]blog media,problogging,matt craven,blog herald,blog networks,john evans,syntagma,van eyck,stampede[/tags]
