Downhill all the way

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Useful piece in the current issue of the Economist about the woes of the music industry. It opens with a salutary tale:

IN 2006 EMI, the world’s fourth-biggest recorded-music company, invited some teenagers into its headquarters in London to talk to its top managers about their listening habits. At the end of the session the EMI bosses thanked them for their comments and told them to help themselves to a big pile of CDs sitting on a table. But none of the teens took any of the CDs, even though they were free. “That was the moment we realised the game was completely up,” says a person who was there.

In public, of course, music executives continued to talk a good game: recovery was just around the corner, they argued, and digital downloads would rescue the music business. But the results from 2007 confirm what EMI’s focus group showed: that the record industry’s main product, the CD, which in 2006 accounted for over 80% of total global sales, is rapidly fading away. In America, according to Nielsen SoundScan, the volume of physical albums sold dropped by 19% in 2007 from the year before—faster than anyone had expected. For the first half of 2007, sales of music on CD and other physical formats fell by 6% in Britain, by 9% in Japan, France and Spain, by 12% in Italy, 14% in Australia and 21% in Canada. (Sales were flat in Germany.) Paid digital downloads grew rapidly, but did not begin to make up for the loss of revenue from CDs. More worryingly for the industry, the growth of digital downloads appears to be slowing…

Clarkson stung

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The strange thing about Jeremy Clarkson, Britain’s leading petrolhead, is that he’s clever enough not to have to be a charlatan. But he can never resist an opportunity to get a laugh from the boys in the saloon bar. So it’s nice to see him coming unstuck.

TV presenter Jeremy Clarkson has lost money after publishing his bank details in his newspaper column.

The Top Gear host revealed his account numbers after rubbishing the furore over the loss of 25 million people’s personal details on two computer discs.

He wanted to prove the story was a fuss about nothing.

But Clarkson admitted he was “wrong” after he discovered a reader had used the details to create a £500 direct debit to the charity Diabetes UK.

Clarkson published details of his Barclays account in the Sun newspaper, including his account number and sort code. He even told people how to find out his address.

“All you’ll be able to do with them is put money into my account. Not take it out. Honestly, I’ve never known such a palaver about nothing,” he told readers.

Thanks to Brian and Atam for the link.

So what does that Obama victory mean, exactly?

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Nice acerbic piece by Gary Yonge, contrasting Barack Obama with those great black hopes of yesteryear, Jesse Jackson and Al Sharpton.

By the time Obama came of age, there was no civil rights movement to emerge from and few union halls to go to. But thanks to the gains of the civil rights era he could attend the nation’s best universities (Columbia and Harvard) and get a fantastic job. With no roots in the black politics – the soil was too barren for anything beyond community organising – he emerged from academe. Politically speaking, he was not produced by the black community, but presented to it.

In this respect, Obama shares a great deal with a number of black politicians of his generation who have come to the fore in recent years. Among them are the Massachusetts governor, Deval Patrick (Harvard); the Newark mayor, Cory Booker (Yale); the Democratic Leadership Council chair and former Tennessee congressman, Harold Ford Jr (University of Pennsylvania); and the Maryland lieutenant governor, Anthony Brown (Harvard). Obama’s trajectory is not the rule; but nowadays it is by no means an exception.

In most of Obama’s rhetoric, Yonge muses, “race is virtually absent from his message but central to his meaning. He doesn’t have to bring it up because not only does he espouse change, he looks like change. He has the role of an inadequate and ineffective balm on the long-running sore that is race in America. His victory would symbolise a great deal and change very little.”

Thanks to Pete for the link.

Reckoning the odds

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Dick Cheney famously warned in the context of terrorism that if there is even a one per cent of something very bad happening, we should act as though it were a certainty. Since the odds are approaching 100 per cent that if humankind continues to pump greenhouse gases into the atmosphere, it will alter the planet in ways that no one can predict, Cheney’s rule should make him, on the subject of climate change, a soulmate of Al Gore.

Strobe Talbott, President of the Brookings Institution, writing in the Financial Times, January 5/6, 2008.

The digital journey: how British newspapers are adapting to the online challenge

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Typically thoughtful report by Roy Greenslade, who has been round the editorial floors of the Telegraph, Financial Times and Times.

In a sense, the online revolution is like a train journey without a destination. As soon as one paper arrives at a station that had once appeared to be a terminus, another title has built a new line and sped onwards. Despite the differences, everyone seems clear about the general direction to take towards an otherwise mysterious objective: the future of news-gathering and news delivery is tied to the screen.

For the moment, given the need to keep on printing while simultaneously uploading, it means driving as fast as possible towards a brave new world while keeping the engines running at full power in the old – but still lucrative and popular – world of newsprint.

Inevitably, this split has proved uncomfortable, both in journalistic terms and, seen from the perspective of owners and managers, in financial terms too. In company with editors, they have set the course to reach a single station named “Integration”. It is now clear that the days of binary staffing, with journalists for print and journalists for web, are virtually over. In most offices the initial scepticism about the utility and viability of online news has long since passed…