Dick Costolo: Twitter unfollows the leader as social milestones are missed

Welcome back, @jack !!

The news yesterday that Twitter CEO Dick Costolo is stepping down from that leadership role next month has attracted widespread commentary and opinion, not least on Twitter itself.

There’s credible opinions that Costolo is going because he hasn’t evolved Twitter as many observers and critics expected or believe he should have. Indeed, the stock market greeted yesterday’s announcement with a 10 percent rise in Twitter’s share price at one point.

An analysis in the Guardian today – you can read the full story below – is a pretty good assessment of a real predicament confronting Twitter, not only from an investor’s perspective but also from that of users and marketers.

[…] Twitter accounts for 1.6% of the critical US digital advertising market – a market worth $50.73bn – compared with Facebook’s 7.6%. Twitter accounts for 3.6% of US mobile internet ads to Facebook’s 18.5%. And in mobile display ads Twitter has a 7% market share compared to 36.7% for Facebook, according to eMarketer.

On user numbers alone – Twitter has 302m monthly active users to Facebook’s 1.44bn – the share of ad market doesn’t seem so surprising. Yet it’s the slowing down of growth that has concerned investors: Twitter’s monthly active user numbers have fallen 30% from 2013 to 2015, and by 2019 growth – a critical indicator of future potential revenues – is heading for a slowdown to 6%.

Yet there’s a more fundamental element that needs attention – what is Twitter?

[…] who is Twitter for? How does it distinguish itself against Facebook? And how can it expand its service while remaining simple and accessible?

Those questions aren’t new at all. Even though how Twitter itself talks about what Twitter is has become more clear in the past year or so, is it how users, marketers, etc, see Twitter?

Our mission: To give everyone the power to create and share ideas and information instantly, without barriers.

I’m not so sure. As a Twitter user since 2006, I’m often asking that question myself even though I’m more than happy to continue my thinking out loud and occasional engagement with others on the platform. I don’t have massive personal expectations of Twitter beyond the implicit simplicity behind that mission statement (but I have a different view if I put on my marketer’s hat).

Yet maybe Twitter’s not entirely sure about that either – the mission statement is slightly different on Twitter’s investor relations page.

Twitter strives to give everyone the power to create and share ideas and information instantly, without barriers.

Maybe change is afoot already: Twitter also announced yesterday that the 140-character limit on direct messages will be changed to a whopping 10,000 characters. Note this is for DMs only – the 140-character limit for regular tweets remains. For now, at least.

While that news will be appealing to many who will relish the opportunity of penning short stories to DM to their friends, I fear it also opens the door to push marketing – whether you like it or not – on a grand scale.

In any case, might Costolo’s departure herald a pivot of sorts in Twitter’s next steps with the (re)appointment of Twitter co-founder Jack Dorsey as interim CEO while Twitter starts a search for a permanent replacement?

There are all sorts of opinions about that.

[The Guardian report below is published here with permission via the Guardian News Feed plugin for WordPress.]


Powered by Guardian.co.ukThis article titled “Dick Costolo: Twitter unfollows the leader as social milestones are missed” was written by Jemima Kiss, for theguardian.com on Friday 12th June 2015 09.41 Europe/London

It says something about the extraordinary scale of social platforms when a technology behemoth with 302m active users every month can be seen as failing to achieve its potential. Yet that is exactly why it appears that Twitter’s chief executive, Dick Costolo, now has to go from the company’s top post.

In after-hours trading following the sudden announcement on Thursday, Twitter stock briefly fluttered up 8% higher. It was a reflection of the uneasy feelings from investors towards a man who fell under their increased and ultimately poisonous scrutiny as he navigated the social networking firm through its public offering in November 2013, having been CEO since he took over from Evan Williams in October 2010.

Despite being a very different product serving a very different audience, Twitter is often compared to Facebook – and often unfavourably. Therein lies an identity crisis of sorts.

For Twitter’s investors the concern was less about user numbers than the growth and aggressiveness of the company’s online advertising. While Costolo was popular with many staffers for bringing structure and co-ordination to a chaotic young company, and took it to a market capitalisation of .4bn, he also oversaw the process of risk and uncertainty in pushing towards a brand new space.

Costolo and Jack Dorsey, who now takes over as interim CEO, have both insisted that the move was not connected to Twitter’s recent financial results – which saw those user numbers grow just 4.86% – so much as a decision made purely by Costolo himself, as a capstone to discussions that had been going on since last autumn.

Right now Twitter is in danger of becoming a niche product: it is beloved by journalists (guilty) and marketers, yet viewed with confusion by mainstream consumers.

Where the selective friendship groups of Facebook make sense (to varying degrees), Twitter’s public face can be more intimidating. On the other hand, the 140-character simplicity of Twitter’s platform and the potential to be the “civic square” of popular debate offers just as much value and, usually, less flatulent conversations.

In an era of endless feeds and the digital burden of email and obligatory posts from friends, Twitter’s brevity and ambience is a welcome change; what you miss is just missed – not mourned, nor added to a tedious, ever-increasing pile like email.

But in focusing its business Twitter has made some strategic decisions, such as closing off access to selected third parties – Instagram at one point, Meerkat at another, and earlier to a wider stream of third-party developers. Twitter was under pressure to protect its valuable audience and its scale, and in doing so cut off the community that helped it grow.

All of which left many users and especially those investors wondering: who is Twitter for? How does it distinguish itself against Facebook? And how can it expand its service while remaining simple and accessible?

Twitter accounts for 1.6% of the critical US digital advertising market – a market worth .73bn – compared with Facebook’s 7.6%. Twitter accounts for 3.6% of US mobile internet ads to Facebook’s 18.5%. And in mobile display ads Twitter has a 7% market share compared to 36.7% for Facebook, according to eMarketer.

On user numbers alone – Twitter has 302m monthly active users to Facebook’s 1.44bn – the share of ad market doesn’t seem so surprising. Yet it’s the slowing down of growth that has concerned investors: Twitter’s monthly active user numbers have fallen 30% from 2013 to 2015, and by 2019 growth – a critical indicator of future potential revenues – is heading for a slowdown to 6%.

For a young public company those numbers are sounding more and more like a death knell. For investors, Twitter’s plans – and Costolo carried the can for this – have not confidently set out its future. Chris Sacca, a major investor, wrote an insightful essay on the company’s challenges: “Twitter has failed to meet its own stated user growth expectations and has not been able to take advantage of the massive number of users who have signed up for accounts and then not come back. Shortcomings in the direct response advertising category have resulted in the company coming in below the financial community’s quarterly estimates.

“In the wake of this Twitter’s efforts to convince the investing community of the opportunity ahead fell flat. Consequently the stock is trading near a six-month low, well below its IPO closing day price, and the company is suffering through a seemingly endless negative press cycle.”

But he says Twitter “has boldness in its bones” and that it can improve by making the service easier for new users, more supportive for users intimidated by the site, and by making it feel less lonely.

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Guardian to launch new platform to streamline access to web content

History of guardian.co.ukNews that The Guardian newspaper is planning to aggregate its presence on the web under a single entry point, theguardian.com domain, is an interesting milestone for a mainstream medium whose innovation in extending its presence and brand beyond its traditional printed newspaper origins in the UK makes it a stand-out among mainstream publishers.

A web address change may not seem like that big a deal. But if you’re a content publisher putting out the type of content online that attracts millions of people every day to visit you on the world wide web, having a single entry point to all your content that reinforces your brand name and presence makes sound commercial sense.

And sooner rather than later. The latest readership figures from the Audit Bureau of Circulations, released a few days ago, show that nearly 82 million unique browsers accessed the newspaper’s website in April 2013 – a record high, says The Guardian – from all over the world.

It seems clear that the evolutionary shifts in the newspaper business are gathering steam from the big milestones we saw last year.

In December 2012, Newsweek magazine ended nearly 80 years in print, becoming an online-only publication. Quartz, a digital-only business magazine from Atlantic Media, launched in September. In July, the Financial Times said that worldwide digital subscriptions surpassed those for print for the first time. We also saw an interesting experiment on Christmas Day when the Telegraph in the UK published a digital-only edition on a day that traditionally sees no newspapers at all.

The Guardian’s arch online rival, Mail Online – the digital stable mate to the printed Daily Mail newspaper – has poured resources into developing a digital presence that has made it the world’s most-visited news website with more than 112 million unique browser accesses per month, according to its latest ABC certificate – most of those from people elsewhere in the world than the UK.

The stakes are high in a global marketplace where your competitors today are brands, social media publishers and others. Getting attention to your content requires a lot more than just being a newspaper publisher with a tradition of great journalism behind you.

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Powered by Guardian.co.ukThis article titled “Guardian to launch new platform to streamline access to web content” was written by Mark Sweney, for theguardian.com on Friday 24th May 2013 08.08 Europe/London

The Guardian is to launch a new global web presence, theguardian.com, in recognition of the newspaper’s increasingly international digital appeal.

The move will streamline access to Guardian content – amalgamating the main entry point Guardian.co.uk, mobile site m.guardian.co.uk, US homepage guardiannews.com and the soon-to-launch Australian digital edition – into one core web destination.

In the last five years, the number of monthly Guardian digital browsers has grown from 20 million to more than 80 million, with much of that growth coming from international markets.

“Every month, our online content is accessed from almost every country around the world,” said Tanya Cordrey, chief digital officer at Guardian News & Media, in a blog post called Going global on our digitaljourney. “In fact, UK users now represent just a third of our total audience.”

The home of the newspaper’s content has been guardian.co.uk, which is the only non-“dot com” domain suffix in the top 10 Google News list of digital news outlets.

“This may be a small URL change, but it marks a big step for the Guardian and reflects our evolution from a much-respected national print newspaper based only in the UK … to a leading global news and media brand … and an ever-growing worldwide audience accessing Guardian journalism every minute of every day,” said Cordrey.

Cordrey added that the move to theguardian.com will make for a simplified user experience, but will also be more appealing to major advertisers in international markets, who are perhaps not drawn to the idea of running campaigns on a UK-specific website, despite the reality of the Guardian’s global digital readership.

The move, which will take place later this year, will involve the transition of millions of URLs attached to the Guardian’s websites and about 15 years of archived content.

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Number 10 hands out Twitter exclusives to favoured journalists

UK Prime Minister

A discussion topic in episode 701 of the FIR podcast, published today, looks at a question asked in the Metro newspaper last week: should British politicians take notes from Barack Obama’s campaign team?

The Metro’s excellent report looked at the key role social media played  – especially Twitter – in both of the US president’s election campaigns in 2008 and 2012 in enabling direct engagement with reporters and opinion-makers as well as with voters in communities across the United States (see detailed analysis of 2012 from Pew’s Journalism. org).

The discussion that guest co-host Stephen Waddington and I had in the podcast considered key elements of Obama’s campaign as described in the Metro story by Obama’s deputy campaign manager, Jennifer O’Malley Dillon. Her conclusion:

[…] Summing up the lessons of 2008 and 2012, Ms O’Malley Dillon said: ‘If there’s anything to be learned from our campaign, it’s that we made it a priority, we believed in it from the top to the bottom, we ensured the resources were there and we allowed it to help dictate for us in some ways the type of things we were doing based on how people use these forums.

‘We weren’t trying to recreate the wheel, we were trying to be part of the dialogue and I think that’s one of the many ways we were able to be successful.’

Keeping that in mind, Wadds and I broadly concluded in  our discussion that a) yes, British politicians would benefit from studying the role of social media in US election campaigning; and b) there’s little to suggest that they are or have done so – certainly at a central-government level that seems isolated from grassroots ‘social politics’ – even though the next general election in the UK is only two years away at most.

So The Guardian’s report yesterday on the role of Twitter in how Downing Street aims to secure goodwill from journalists by revealing news before its official announcement by ministers had me thinking about what looks like a chasm of a difference in how American politicians see social media channels like Twitter and how UK ones do.

There, it looks more open and inclusive. Here, it seems to be secretive, selective and controlled.

That’s a great pity if it does turn out to be how my cynical view of the political communication landscape appears. The way in which social media channels can galvanize political engagement with and by those who have the final word on who gets elected, as evidenced by the US experience, clearly is firmly understood by government communicators:

[…] “We’re getting to where people are these days,” said Anthony Simon, the head of digital communications in the prime minister’s office.

“Increasing numbers of people are on Twitter – journalists, stakeholders and professional groups – and to be part of that conversation is vital for any government department. It’s democratic because it’s open to anyone and we don’t go on it for the sake of it or over-rely on it – it’s a means to an end.”

I hope that the ‘means to an end’ becomes a great deal more honest- and authentic-looking than the current situation that The Guardian describes.

(The Guardian’s report below is published with their permission via the Guardian News Feed plugin for WordPress.)


Powered by Guardian.co.ukThis article titled “Number 10 hands out Twitter exclusives to favoured journalists” was written by Josh Halliday, for The Guardian on Sunday 28th April 2013 21.07 Europe/London

Asked in 2009 why he didn’t use Twitter, David Cameron famously responded “too many twits might make a twat” . Four years later, Number 10 is attempting to move more rapidly into the digital future with a Twitter strategy that includes handing out “Twitter exclusives” to favoured journalists for release before they are officially announced by ministers.

In a tactic reminiscent of the BBC satire The Thick of It, Twitter is also being used to try to quash negative stories before they gain currency in a news cycle where every second counts.

“Every minute that passes the poison is spreading into the system to all sorts of roots and you need to find a way to cauterize that very, very quickly,” said a senior No 10 source.

The Twitter exclusives aim to secure goodwill from journalists who are often under pressure to break news online before rivals, but will irritate those who believe announcements should be made in parliament.

Many of Downing Street’s new media strategies were introduced by Craig Oliver, the prime minister’s communications director, who insisted on moving a Twitter monitor into the No 10 newsroom when he assumed his role in January 2011.

According to colleagues, Oliver likes to describe the social network as similar to fire: a useful tool in the right hands, but massively destructive if it is misused.

The analogy might leave some scratching their heads, but Cameron’s inner circle wants all his MPs to take Twitter seriously – even if the 2015 general election is, in internet time, light years away.

One example of using Twitter to “seal” a negative story came after the Evening Standard mistakenly broke George Osborne’s budget embargo on the social network last month. A mortified journalist promised to tweet a swift apology but Oliver ordered a pre-emptive tweet from the Tory press office account, to ensure the reporter’s promise was met.

Conservative party headquarters brief MPs on good talking points for Twitter, using them to “tweet as a muscular force” about a single topic or news item to hammer home the message. Some 418 MPs have joined the tweeting fray, according to the news wire Tweetminster, up from 176 in 2009.

“Twitter used to be seen as tool for the egocentric and verbally incontinent,” said a senior No 10 source. “But the reality is that it’s an extraordinarily useful way of getting talking points out there.”

Downing Street has not always been so fleet of foot – it took hours to respond to the online mockery prompted by Osborne’s first-class train ticket debacle last October – but Cameron’s inner circle now recognises that the case for a clear Twitter strategy is “unanswerable”.

“We’re getting to where people are these days,” said Anthony Simon, the head of digital communications in the prime minister’s office.

“Increasing numbers of people are on Twitter – journalists, stakeholders and professional groups – and to be part of that conversation is vital for any government department. It’s democratic because it’s open to anyone and we don’t go on it for the sake of it or over-rely on it – it’s a means to an end.”

The most popular tweet sent by the government was Cameron’s tribute to Baroness Thatcher, prompting 3,500 retweets. The most divisive was when No 10 tweeted every single reshuffle appointment last September, which led to a mass unfollowing from less devoted users but praise from politicos.

But the jury is out on whether the rest of Britain is as Twitter-addicted as the Westminster Village. “I think the majority of activity comes from a fairly small group and most MPs have fairly small audiences,” said Alberto Nardelli, the founder of the app Tweetminster, pointing out that 1.2m people follow MPs on the site – about the same size audience combined as Beppe Grillo, the leader of Italy’s anti-establishment Five Star Movement.

“I think we’ve gone beyond a ‘should politicians use Twitter?’ phase. It’s now how will it be used,” he added.

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Campaign launched to help labels affected by Sony warehouse fire

sonywarehouse

While emotional opinions and anger run high as looters roamed the night-time streets of many British cities, one of the most heart-breaking stories of consequential loss as a result of the violence and destruction in London this past weekend is the impact on many independent music labels following the total destruction of Sony’s CD and DVD distribution warehouse in Enfield, north London.

The warehouse was the only one of its type in the UK.

A report in the London Evening Standard says that the independent music industry is facing its biggest crisis in decades as the arson attack by looters on Sony’s warehouse destroyed probably the entire stock of CDs and vinyl from more than 100 small labels.

[…] New releases from the Arctic Monkeys and Charlie Simpson have been affected or delayed after all copies destined for the shops were destroyed.

XL Recordings, the company behind chart-topping Adele, is among those hit. But while it will be able to shift stock from Europe to cover the shortfall on her hit album 21, smaller niche labels fear for their very existence.

The sector has been hit so badly because Sony DADC stored and distributed the entire stock of indie marketing company Pias, which acts for more than 100 indie labels. There are even fears, not confirmed, that master tapes and hard drives have been destroyed, meaning recordings could be lost forever.

labelloveThere is good news, though. The Guardian reports on a campaign to raise money for these indie labels via LabelLove, a website set up by to let music fans pledge their support.

As a business podcaster for the past six years, I strongly support independent music – Shel and I play a podsafe indie track at the end of every podcast, usually sourced from Music Alley, as one way of bringing indie music to the attention of people who may otherwise not discover it.

Please support this campaign. As LabelLove says on its website:

[…] Our aim is to try and rally the music industry, both on the artist and the audience sides, and see if we can raise some money to see those affected through the tough times ahead.

You can support in these ways:

If you don’t want to do any of those things, how about buying digital copies of some of those indie artists’ music?

More details on the campaign in the Guardian’s story, appended below.

(The Guardian’s report is published here with permission via the Guardian News Feed plugin for WordPress.)


Powered by Guardian.co.ukThis article titled “Campaign launched to help labels affected by Sony warehouse fire” was written by Tim Jonze, for theguardian.com on Wednesday 10th August 2011 13.31 Europe/London

A campaign is underway to raise money for independent labels affected by a fire that destroyed the Pias distribution centre in Enfield on Monday night.

The blaze, which started during the London riots, destroyed the Sony warehouse holding the Pias inventory. The warehouse contained records from almost 200 indpendent labels, as well as singles and albums set for release by more established artists such as Arctic Monkeys and Charlie Simpson.

Now a campaign has been launched to help labels affected, with the LabelLove website set up to allows music fans to donate money to the cause. People can also email labellovebenefit@gmail.com to find out about other ways to help out. Dan Salter, one of the campaign organisers, said: “We’ve been amazingly inundated with offers of help and support on this idea, and we are going to concentrate on trying to organise a series of live events to help this cause. Based on the offers we’ve had already, this is looking likely.”

The Twitter account @_label_love_ has been set up to keep followers updated with the latest news while the hashtag #labellove is being used by music fans to voice support. Musician Dan Le Sac used it to tweet: “I’d sell a kidney for independent music, without passionate people doing it for love, I would still be behind the counter of HMV. #labellove”

Sean Adams, who founded the website Drowned in Sound, has compiled a spreadsheet of the artists distributed by Pias. He aims to open this up to hackers in the hope they can build tools using the data to encourage fans to buy music on the labels affected. Adams said: “I imagine there are some life-changing labels, who’ve bravely put out records that have shaped our music scene, who may struggle over the coming weeks and months. The idea [to compile the spreadsheet] came because I couldn’t find one place with links to all the labels’ websites and I thought it’d be cool to look at all those amazing labels’ catalogues, and perhaps link it with Last.fm to see which acts it recommends or to create a video jukebox or do something amazing with SoundCloud players.”

guardian.co.uk/music will be posting updates on the situation and how it affects labels and artists over the coming days.

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PCC seeks to regulate press Twitter feeds

twitterppcThe Guardian’s report on plans by the Press Complaints Commission (PCC), the UK’s mainstream print-media regulator, to include tweets made by journalists in its regulatory remit shouldn’t be a surprise to any observer of the contemporary and rapidly-evolving media landscape.

As the Guardian reports, the PCC thinks some tweets by journalists would be considered as part of a newspaper’s editorial content and, therefore, subject to existing regulation covering such content. It wants media companies to differentiate a reporter’s "official" tweets and those that are personal comments, and develop policies to help everyone understand what the rules are when using social channels like Twitter

It’s a good idea if it helps to make clear what is editorial and reporting and what is personal opinion. The best example I know of a media organization setting out such policies is the BBC with its comprehensive and continuously-evolving Editorial Guidelines website, which includes specific guidance for journalists (and others, such as editors and programme producers) on usage of Twitter.

For example, in the section on Social Networking, Microblogs and other Third Party Websites: BBC Use:

[…] You may wish to consider forwarding or "retweeting" a selection of a person’s microblog entries/posts or "tweets". This is very unlikely to be a problem when you are "retweeting" a colleague’s BBC "tweet" or a BBC headline. But in some cases, you will need to consider the risk that "retweeting" of third party content by the BBC may appear to be an endorsement of the original author’s point of view.

It may not be enough to write on your BBC microblog’s biography page that "retweeting" does not signify endorsement, particularly if the views expressed are about politics or a matter of controversial public policy. Instead you should consider adding your own comment to the "tweet" you have selected, making it clear why you are forwarding it and where you are speaking in your own voice and where you are quoting someone else’s.

The BBC also has a specific policy on personal use of social networking and other third party websites including blogs, microblogs and personal web-space. As the Guardian notes in its report, journalists like the BBC’s Rory Cellan-Jones already maintain multiple accounts in an effort to preserve professional and personal distinctions.

Whatever type of organization you are, media or otherwise, developing clear policies and guidelines about employee use of social tools like Twitter, then communicating them to your employees and helping them understand the rules of the game, make good business sense.

And a good place to get inspired for your organization is to take a look at the BBC’s example.

(The Guardian’s report below is published with their permission via the Guardian News Feed plugin for WordPress.)


Powered by Guardian.co.ukThis article titled “PCC seeks to regulate press Twitter feeds” was written by Dan Sabbagh, for theguardian.com on Friday 6th May 2011 14.14 Europe/London

Reporter and newspaper Twitter feeds are expected to brought under the regulation of the Press Complaints Commission later this year, the first time the body has sought to consolidate social media messages under its remit.

The PCC believes that some postings on Twitter are, in effect part of a “newspaper’s editorial product”, writings that its code of practice would otherwise cover if the same text appeared in print or on a newspaper website.

A change in the code would circumvent a loophole that – in theory – means that there is no form of redress via the PCC if somebody wanted to complain about an alleged inaccuracy in a statement that was tweeted. Last year the PCC found it was unable to rule in a complaint made against tweets published by the Brighton Argus.

Its plan, though, is to distinguish between journalists’ public and private tweets. Any Twitter feed that has the name of the newspaper and is clearly an official feed – such as @telegraphnews or @thesun_bizarre – will almost certainly be regulated.

However, that principle could be further extended to cover a reporter’s “official” work account, whilst leaving personal accounts that discuss conversations over breakfast and weekend exploits as outside its ambit. Some journalists – such as the BBC’s Rory Cellan-Jones – already maintain multiple accounts in an effort to preserve professional and personal distinctions.

The PCC wants each newspaper to develop a “Twitter policy”, to tell its reporters which accounts are considered part of its editorial product and which are not. But with many newspapers, including the Guardian, republishing tweets on their site, many journalist musings are likely to be drawn in.

An online working group of the PCC has already recommended that the body undertake a “remit extension”, the formal mechanism by which the self-regulatory body takes on a new area of responsibility, after consulting with the newspaper industry as to how Twitter regulation can be implemented. That consultation is due to finish in the summer and the new rules are likely to be in place by the end of the year.

Publication on Twitter is already subject to libel laws and court orders – the internet, of course, does not exist in a legal vacuum. Last week, for example, journalists at the Guardian were reminded that tweets that hinted at the identity of individuals covered by injunctions would be a breach of the injunction itself.

In February the PCC ruled that information posted on Twitter should be considered public and publishable by newspapers after it cleared the Daily Mail and Independent on Sunday of breaching privacy guidelines.

Both newspapers had reported on tweets posted by Sarah Baskerville, a Department for Transport employee, in November last year. Baskerville, who had around 700 Twitter followers at the time, described a course leader as “mental” and posted links to tweets attacking government “spin” and Whitehall waste.

Baskerville complained to the press regulator, arguing that she could have a “reasonable expectation” of privacy and that the reporting was misleading. The Daily Mail and Independent on Sunday argued that the messages were public and could be read by anyone.

The PCC decided in favour of the newspapers, in what is the regulator’s first ruling on the republication of information posted on Twitter.

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Another magazine stops printing to go online

accountancyageAnother death knell for niche-interest print? The Guardian reports that the weekly  Accountancy Age magazine is about to become online only.

Last month, Computer Weekly said it was discontinuing print and would become online only. Reports said that title owner Reed Elsevier "sought to reshape RBI’s [publisher] portfolio by significantly reducing costs and channelling investment into successful data services."

The web is a lifeline for niche publishing. Special-interest publications can re-invent themselves for changing market conditions and consumer behaviours, rather than just go belly up, at far less investment than print. They can embrace new platforms such as tablets – look at the successful example of Dennis Publishing’s Evo magazine and its iPad edition: a success story in a competitive niche (motor industry).

Expect more such stories in a changing media landscape that continues to evolve rapidly.

(The Guardian’s report is published here with permission via the Guardian News Feed plugin for WordPress.)


Powered by Guardian.co.ukThis article titled “Another magazine stops printing to go online” was written by Roy Greenslade, for theguardian.com on Friday 15th April 2011 13.49 Europe/London

The magazine march from print to web-only publication continues. The latest title to make the step is Accountancy Age.

From the week after next, the title – owned by Incisive Media – will become an online only publication. The last print edition will be published on 21 April.

According to a story on its website, the decision “has not been taken lightly”. It “comes after careful consideration of changing reader habits, the growth in use of our website and the burgeoning subscription rates to our emailed newswires.” It continues:

“The evidence is that our readers are increasingly seeking their news, analysis and features online and want it delivered to their inboxes.”

Its journalistic team will remain intact and the magazine’s owners believe that Accountancyage.com “has a bright future.”

Source: Accountancy Age

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