February 27, 2014
— JohnE. Maet mentioned this on the ONT a couple nights ago, but this was a very good catch by Prof. Jacobson over at Legal Insurrection, so I wanted to highlight it again. Read the whole thing.
IÂ’m not old enough to remember Tulipomania, but I am old enough to remember the inflation-readjusted real estate crash of the 1980s, the eyeballs-to-price ratios of the 1990′s tech bubble, and the no-money-down no-income-verification mortages of this centuryÂ’s first decade.This is a great question....
New paradigm. Hmmm. Where have I heard that recently? (emphasis added)
>>>But as the Polk [Award] judges rightly recognized, Greenwald meets the definition of journalist – joining the long line of reporters who have broken accurate stories after sifting classified documents purloined by whistle-blowers. And he’s still working the Snowden material, as evidenced this morning on The Intercept, the new online magazine bankrolled by eBay billionaire Pierre Omidyar. Greenwald has decided to hang his digital shingle on that site. In a revolutionary era of new journalistic paradigms, who needs the old media?
Journalists should play an important role in exposing bubbles before they get too big.
But what if the journalists are the bubble?
Regarding Ezra Klein specifically, I was always a little curious as to why so many in the media were surprised by the Washington Post's decision to let him go. The numbers never matched up. Many were impressed by WonkBlog's roughly 4 million pageviews per month. Well, okay. But, how much of that traffic was based off the very strong lead in from a major American publication? There's no way for us to tell what percentage of that traffic came from all that marketing and cross-promotion, but I'd bet it's a non-trivial amount.
For the sake of argument, let's say it's zero. Let's say Ezra could pick up his operation and start elsewhere (as he is basically doing). So take that 4 million pageviews a month and move it. Ezra reportedly wanted a staff of more than 30 and an annual budget of $10 million.
So do the math. At $10 RPM (revenue per thousand impressions), which many said was an ambitious goal, his site would only be making $40,000 a month. This is orders of magnitude away from reality, and why Jeff Bezos likely bit his tongue laughing at Ezra's proposal.
How many of these millionaire pet projects are going to continue to be around five or ten years from now? You have to wonder. It's often hard to tell, but traditional publications still need to turn a profit.
Posted by: JohnE. at
04:20 PM
| Comments (179)
Post contains 433 words, total size 3 kb.
Posted by: Conservative Crank's iPhone at February 27, 2014 04:22 PM (R+XDI)
Posted by: Navycopjoe at February 27, 2014 04:25 PM (nzlU3)
Posted by: Tobacco Road at February 27, 2014 04:25 PM (4Mv1T)
Posted by: grammie winger at February 27, 2014 04:27 PM (oMKp3)
Posted by: ScoggDog at February 27, 2014 04:28 PM (6/+vz)
Posted by: OG Celtic-American at February 27, 2014 04:28 PM (vHRtU)
--------------------------------
You are a dear. I'm "thick" enough around the middle. But thank you.
Posted by: Tobacco Road at February 27, 2014 04:28 PM (4Mv1T)
I believe in cookies.
Posted by: Bertram Cabot Jr. at February 27, 2014 04:29 PM (kVfSG)
Posted by: Bertram Cabot Jr.
-----------------------------
They leave evidence of what I can not see.
My belt buckle.
Posted by: Tobacco Road at February 27, 2014 04:30 PM (4Mv1T)
Posted by: Cicero (@cicero) at February 27, 2014 04:30 PM (8ZskC)
Posted by: OG Celtic-American at February 27, 2014 04:31 PM (vHRtU)
Hollywood, not God, is the real miracle-worker. And Hollywood isn't dead
Posted by: Freddy Neet-sche at February 27, 2014 04:31 PM (omBWL)
Posted by: grammie winger at February 27, 2014 04:32 PM (oMKp3)
Posted by: Common Core at February 27, 2014 04:32 PM (RJMhd)
Posted by: DangerGirl at February 27, 2014 04:32 PM (GrtrJ)
Posted by: ScoggDog at February 27, 2014 04:32 PM (6/+vz)
Posted by: tbodie at February 27, 2014 04:32 PM (RX6BJ)
Posted by: Nip Sip at February 27, 2014 04:33 PM (0FSuD)
Posted by: Common Core at February 27, 2014 04:33 PM (RJMhd)
Is that a verse from a Beatles song?
Posted by: Bertram Cabot Jr. at February 27, 2014 04:34 PM (kVfSG)
Posted by: St Sandra at February 27, 2014 04:34 PM (0FSuD)
Posted by: ScoggDog at February 27, 2014 04:34 PM (6/+vz)
Posted by: Nip Sip at February 27, 2014 04:35 PM (0FSuD)
Posted by: OG Celtic-American at February 27, 2014 04:35 PM (vHRtU)
I think he misspelled 'selling' but whatever. He got his loan.
Posted by: tdpwells at February 27, 2014 04:36 PM (01otU)
Say, anyone know anything about a human skull with 3 eye sockets, large canines, that glows in the dark?
Posted by: OG Celtic-American at February 27, 2014 04:36 PM (vHRtU)
Thank you!
*dunks in Val U Rite*
The only person I can see making money with such a venture is Bezos. And the reason he'll make that money is because he's Bezos and knows how to create an entirely new business online and eventually start printing up money from it.
Posted by: alexthechick - SMOD, you taunty bitch. at February 27, 2014 04:37 PM (Gk3SS)
Posted by: toby928© at February 27, 2014 04:37 PM (QupBk)
Then again, how could MSNBC justify the cost of it's "talent" and other expenses given their dismal ratings without the crutch of cable packages?
Posted by: Lizzy at February 27, 2014 04:37 PM (aq/zi)
Posted by: Nip Sip at February 27, 2014 04:37 PM (0FSuD)
Posted by: SCIgen at February 27, 2014 04:37 PM (RJMhd)
Posted by: George Orwell at February 27, 2014 04:39 PM (oG53/)
Posted by: Splunge at February 27, 2014 04:39 PM (qyomX)
Depends on whether you remembered to hoard toilet paper, too.
Posted by: Splunge at February 27, 2014 04:40 PM (qyomX)
Posted by: grammie winger at February 27, 2014 04:40 PM (oMKp3)
Posted by: willow at February 27, 2014 04:40 PM (nqBYe)
Posted by: OG Celtic-American at February 27, 2014 08:35 PM (vHRtU)
The Case of the Perjured Parrot
http://www.imdb.com/title/tt0673353/
Posted by: Bertram Cabot Jr. at February 27, 2014 04:41 PM (kVfSG)
Posted by: willow at February 27, 2014 04:42 PM (nqBYe)
Posted by: BumperStickerist at February 27, 2014 04:42 PM (4CVLy)
Also, is there a market for soiled prophylactics? Awful lot of them over in that corner...
Posted by: OG Celtic-American at February 27, 2014 04:43 PM (vHRtU)
Posted by: willow at February 27, 2014 04:43 PM (nqBYe)
Posted by: ScoggDog at February 27, 2014 04:43 PM (6/+vz)
Posted by: Matty Y. at February 27, 2014 04:44 PM (Aif/5)
Posted by: willow at February 27, 2014 04:44 PM (nqBYe)
Devolution is always the answer where society is heading
Posted by: phreshone at February 27, 2014 04:45 PM (Q6pxP)
Posted by: CAC at February 27, 2014 04:46 PM (w4IDR)
Posted by: willow at February 27, 2014 04:46 PM (nqBYe)
Posted by: BumperStickerist at February 27, 2014 04:46 PM (4CVLy)
Posted by: ScoggDog at February 27, 2014 04:46 PM (6/+vz)
Posted by: zombie 1850s california guy at February 27, 2014 04:46 PM (2ftsL)
Posted by: Nip Sip at February 27, 2014 04:46 PM (0FSuD)
Posted by: yankeefifth at February 27, 2014 04:47 PM (rDidD)
Posted by: Margarita DeVille at February 27, 2014 04:47 PM (dfYL9)
Posted by: filbert at February 27, 2014 04:47 PM (roTS7)
Posted by: yankeefifth at February 27, 2014 04:48 PM (rDidD)
Posted by: ScoggDog at February 27, 2014 04:48 PM (6/+vz)
Posted by: Flatbush Joe at February 27, 2014 04:48 PM (ZPrif)
Posted by: OG Celtic-American at February 27, 2014 04:48 PM (vHRtU)
Posted by: WalrusRex at February 27, 2014 04:48 PM (E+uky)
Posted by: yankeefifth at February 27, 2014 04:49 PM (rDidD)
Posted by: willow at February 27, 2014 04:49 PM (nqBYe)
Posted by: CAC at February 27, 2014 04:49 PM (w4IDR)
Posted by: Nip Sip at February 27, 2014 04:49 PM (0FSuD)
Posted by: OG Celtic-American at February 27, 2014 08:36 PM (vHRtU)
Yeah. Don't poke it with a stick. Also? Those things in the Barrel aren't sticks.
Posted by: alexthechick - SMOD, you taunty bitch. at February 27, 2014 04:49 PM (Gk3SS)
Posted by: grammie winger at February 27, 2014 04:50 PM (oMKp3)
Posted by: Nip Sip at February 27, 2014 04:50 PM (0FSuD)
Posted by: OG Celtic-American at February 27, 2014 04:50 PM (vHRtU)
Posted by: ScoggDog at February 27, 2014 04:50 PM (6/+vz)
Posted by: WalrusRex at February 27, 2014 04:51 PM (E+uky)
Posted by: yankeefifth at February 27, 2014 04:51 PM (rDidD)
Posted by: BumperStickerist at February 27, 2014 04:52 PM (4CVLy)
Posted by: St Sandra at February 27, 2014 04:52 PM (0FSuD)
Posted by: willow at February 27, 2014 04:52 PM (nqBYe)
Posted by: kbdabear at February 27, 2014 04:53 PM (aTXUx)
The real estate dealer did tell you about the Indian graveyard I dug up, pissed on, and then reburied upside down, didn't he? The gold was meant to placate them but it's probably okay now.
Posted by: zombie 1850s california guy at February 27, 2014 04:53 PM (2ftsL)
I assume that Bezos takes as much money from as many sources as he can get.
Here. The Horde will appreciate this.
http://bit.ly/1hFiLQy
Posted by: alexthechick - SMOD, you taunty bitch. at February 27, 2014 04:53 PM (Gk3SS)
Posted by: BumperStickerist at February 27, 2014 04:54 PM (4CVLy)
Well their boss is holding a fundraiser for Mitch McConnell, I guess that's something.
Posted by: lowandslow at February 27, 2014 04:55 PM (IV4od)
Posted by: kbdabear at February 27, 2014 04:55 PM (aTXUx)
Posted by: willow at February 27, 2014 04:55 PM (nqBYe)
Posted by: yankeefifth at February 27, 2014 04:56 PM (rDidD)
Posted by: Nip Sip at February 27, 2014 04:57 PM (0FSuD)
Posted by: Lizzy at February 27, 2014 04:57 PM (aq/zi)
Posted by: grammie winger at February 27, 2014 04:57 PM (oMKp3)
Posted by: filbert at February 27, 2014 04:58 PM (roTS7)
Posted by: Harry Reid at February 27, 2014 04:58 PM (9mJox)
Posted by: Ezra at February 27, 2014 04:59 PM (0FSuD)
Posted by: Flatbush Joe at February 27, 2014 05:00 PM (ZPrif)
Posted by: rachel madcow at February 27, 2014 05:00 PM (2ftsL)
Posted by: Flatbush Joe at February 27, 2014 05:00 PM (ZPrif)
Posted by: Semi-engaged scroller at February 27, 2014 05:00 PM (/cUUk)
Posted by: OG Celtic-American at February 27, 2014 05:00 PM (vHRtU)
Posted by: kbdabear at February 27, 2014 05:01 PM (aTXUx)
Posted by: BumperStickerist at February 27, 2014 05:01 PM (4CVLy)
Posted by: crichton ringing a bell and pointing at a photo of Harry Reid at February 27, 2014 05:01 PM (2ftsL)
Posted by: grammie winger at February 27, 2014 05:01 PM (oMKp3)
Posted by: dick cheese at February 27, 2014 05:01 PM (QupBk)
Posted by: Niedermeyer's Dead Horse at February 27, 2014 05:01 PM (DmNpO)
Didn't hide it from Uncle Sam though. LOL. Neither the income nor the estate tax was in effect at the time.
Posted by: Grampa Jimbo at February 27, 2014 05:02 PM (V70Uh)
Posted by: Nip Sip at February 27, 2014 05:02 PM (0FSuD)
Posted by: Semi-engaged scroller at February 27, 2014 05:03 PM (/cUUk)
Posted by: willow at February 27, 2014 05:03 PM (nqBYe)
Posted by: dick cheese at February 27, 2014 05:03 PM (QupBk)
Posted by: WalrusRex at February 27, 2014 05:04 PM (E+uky)
Posted by: soothie at February 27, 2014 05:05 PM (tyz5J)
Posted by: Flatbush Joe at February 27, 2014 05:05 PM (ZPrif)
Posted by: OG Celtic-American at February 27, 2014 05:05 PM (vHRtU)
Posted by: kbdabear at February 27, 2014 05:05 PM (aTXUx)
Posted by: Niedermeyer's Dead Horse at February 27, 2014 05:06 PM (DmNpO)
Posted by: Lincolntf at February 27, 2014 05:06 PM (ZshNr)
Posted by: Mike Hammer at February 27, 2014 05:07 PM (aDwsi)
Posted by: grammie winger at February 27, 2014 05:07 PM (oMKp3)
Posted by: Niedermeyer's Dead Horse at February 27, 2014 05:08 PM (DmNpO)
Posted by: Mike Hammer at February 27, 2014 05:08 PM (aDwsi)
Posted by: Flatbush Joe at February 27, 2014 05:09 PM (ZPrif)
Posted by: Nip Sip at February 27, 2014 05:09 PM (0FSuD)
Posted by: Grampa Jimbo at February 27, 2014 05:10 PM (V70Uh)
Posted by: grammie winger at February 27, 2014 05:10 PM (oMKp3)
Posted by: Aviator at February 27, 2014 05:11 PM (3rrMW)
Posted by: Crimea river at February 27, 2014 09:09 PM (/cUUk)"
Threadwinner!!
Posted by: Grampa Jimbo at February 27, 2014 05:11 PM (V70Uh)
Posted by: kbdabear at February 27, 2014 05:11 PM (aTXUx)
“Tea Party Patriots received a call just before the hearing. The IRS finally has decided — after 3 years, 2 months, and 10 days, after thousands of man-hours, after tens of thousands of dollars in legal and accounting fees – to approve our 501(c)(4) tax-exempt status. And this is not political?”
Posted by: Lizzy at February 27, 2014 05:11 PM (aq/zi)
Posted by: Niedermeyer's Dead Horse at February 27, 2014 05:11 PM (DmNpO)
Posted by: Nip Sip at February 27, 2014 05:12 PM (0FSuD)
Posted by: Flatbush Joe at February 27, 2014 05:12 PM (ZPrif)
Posted by: Lincolntf at February 27, 2014 05:12 PM (ZshNr)
Posted by: Bet that's not a gun in your pocket at February 27, 2014 05:13 PM (/cUUk)
Posted by: Mike Hammer at February 27, 2014 05:14 PM (aDwsi)
Potesne plus pecuniae in mensa ponere?
Posted by: Mike Hammer at February 27, 2014 09:07 PM (aDwsi)
eh...haerere in eo asinus tuus. lol
Posted by: Berserker-Dragonheads Division at February 27, 2014 05:14 PM (FMbng)
Posted by: Nip Sip at February 27, 2014 05:15 PM (0FSuD)
Posted by: in Bangkok at February 27, 2014 05:15 PM (/cUUk)
----------------------------------------------
My 94 year old USMC WWII Vet neighbor pulled up next to my mailbox while I was checking the mail. His son was driving. My old neighbor was dressed to the nines. VERY nice suit, tie, fedora.
We're good friends. His son said (under his breath), "I just took dad to the dentist."
A different day back then.
Posted by: Tobacco Road at February 27, 2014 05:16 PM (4Mv1T)
Posted by: Democrat Idiot at February 27, 2014 05:18 PM (AQTz3)
Posted by: kbdabear at February 27, 2014 05:19 PM (aTXUx)
http://tinyurl.com/ka88mua
Posted by: kbdabear
----------------------------------------
Looks like a Hi Power. The gun, that is.
Posted by: Tobacco Road at February 27, 2014 05:20 PM (4Mv1T)
Posted by: The Liberty Dude at February 27, 2014 05:21 PM (iAWQF)
Posted by: kbdabear at February 27, 2014 05:22 PM (aTXUx)
Posted by: Dack Thrombosis at February 27, 2014 05:26 PM (oFCZn)
Posted by: kbdabear at February 27, 2014 05:26 PM (aTXUx)
Could be wrong of course as this stuff always seem to head to blows and then eases up.
Posted by: Dack Thrombosis at February 27, 2014 09:26 PM
huhuhuhuh uh huhuhuh... you said "blows"... huhuhuh
Posted by: butthead at February 27, 2014 05:28 PM (9gNQd)
Posted by: J. Random Dude at February 27, 2014 05:33 PM (8OfdL)
Posted by: Dack Thrombosis at February 27, 2014 05:34 PM (oFCZn)
Posted by: J. Random Dude at February 27, 2014 05:35 PM (8OfdL)
Posted by: J. Random Dude at February 27, 2014 05:39 PM (8OfdL)
Posted by: kbdabear at February 27, 2014 05:42 PM (aTXUx)
Posted by: kbdabear at February 27, 2014 05:47 PM (aTXUx)
It's schoolboy Latin. Hilarious content, but there's no concision.
But he's an old Harvard Lampooner, and that's what they do. It is fun.
Posted by: Stringer "Coup Coup" Davis at February 27, 2014 06:01 PM (xq1UY)
Posted by: Nip Sip at February 27, 2014 07:00 PM (0FSuD)
Posted by: Biff Boffo at February 27, 2014 08:57 PM (1j9qS)
Posted by: Biff Boffo at February 27, 2014 08:58 PM (1j9qS)
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Posted by: ChristyBlinky, Judge of Raciss Morons at February 27, 2014 04:21 PM (baL2B)