Amazon to capture book reviews with Washington Post $AMZN $NYT

Jeff Bezos using some loose change he found in one of his coats bought the Washington Post. Old news. Everyone believes he is positioning himself for political power. Which might be somewhat correct.

But consider this speculation in the world of publishing. the old system had gate keepers and middlemen who did quite well. Publishers, editors, agents who would score very nicely with best sellers and near best sellers.

Entire Amazon and disrupt the industry to the point where many of the old school are utterly confused and have no vision. They cannot even pick JK Rowling out of the slush pile when given the opportunity.

One of the gate keepers has been the best seller lists maintained by the large newspapers. NY Times best seller list being the gold standard. This item is not under the control of Amazon and focuses on big dog authors doing big dog sales.

The indie market is much bigger. More hamburger is sold than filet minion.  But NY Times is not about hamburger.

Amazon just bought out Goodreads a few months ago.

Watch for a repurposing at Washington Post to match Amazons publishing ambitions and bringing more independent authors to the lime light. This is make it more compelling to read Washington Post and drive sales at Amazon.

But I’m just speculating. But it does create a virtuous circle of self sustaining activity which otherwise did not exist. The literary sections of many papers have been labours of love and chronically unprofitable. Watch for changes.

George Gutowski writes from a caveat emptor perspective.

Twitter Power WSJ vs NYT $NYT $NWSA $TWIT

Image representing Twitter as depicted in Crun...

Image via CrunchBase

Two major newspapers shape opinion in NYC. Wall Street Journal and New York Times. WSJ is primarily business and investment. NYT is the classic we cover everything. Look at the big difference in twitter power ratings.

  1. Twitter@nytimes 6.4 million followers. Power rank 248
  2. Twitter@wsj 2.2 million followers. Power rank 1,062

That’s out of about 13.1 million twitter accounts that account to something.

George Gutowski writes from a caveat emptor perspective. Follow him on twitter@financialskepti

New York Times & CNBC

Andrew Ross Sorkin at the 2009 Texas Book Fest...

Image via Wikipedia

Just some out loud speculation about New York Times (NYT) and CNBC which is still owned by GE (GE). Andrew Ross Sorkin seems to be a regular on an incredibly early morning called Squawk Box. CNBC  may or may not be so cozy with the Wall St Journal now that Rupert Murdoch News Corp (NEWS) owes them.

Reading the tea leaves and trying to predict the future is always difficult. Will Andrew Ross Sorkin leverage his brand and use Deal Book as a platform? Will NY Times be able to tap into news gathering from CNBC? NY Times as a print operation will eventually crash and burn. Are they fumbling toward a digital solution? Who is on first?

Disclosure: George Gutowski writes from a caveat emptor perspective. I hold no positions in stocks mentioned in this post.