Comments on: Gawker Media is the Goldman Sachs of the Internet http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet Seriously, this could not be more beta Sun, 21 Mar 2010 09:26:47 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: BadUncle http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15193 BadUncle Tue, 28 Jul 2009 17:15:36 +0000 http://www.theawl.com/?p=8375#comment-15193 Not in another 5 hours, sadly. Not in another 5 hours, sadly.

]]> By: nicknotned http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15080 nicknotned Mon, 27 Jul 2009 20:39:03 +0000 http://www.theawl.com/?p=8375#comment-15080 Internet advertising is seasonal and the Christmas shopping season is usually the strongest period of the year -- which is why it's often misleading to compare with the previous quarter. As for the 40% drop in ad revenues: the newspapers will almost certainly see that decline; ad pages are down by even more than that at some magazine titles; even online advertising is down at companies like Yahoo and AOL. (Just not at Gawker Media and a few other online properties like Thrillist and Break. Sorry!) Nick Denton Internet advertising is seasonal and the Christmas shopping season is usually the strongest period of the year — which is why it's often misleading to compare with the previous quarter.

As for the 40% drop in ad revenues: the newspapers will almost certainly see that decline; ad pages are down by even more than that at some magazine titles; even online advertising is down at companies like Yahoo and AOL. (Just not at Gawker Media and a few other online properties like Thrillist and Break. Sorry!)

Nick Denton

]]> By: Urbania http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15073 Urbania Mon, 27 Jul 2009 20:15:41 +0000 http://www.theawl.com/?p=8375#comment-15073 of course but they didn't fire everyone. and the same strategy hasn't worked at other banks (or newspapers). or blogs? of course but they didn't fire everyone. and the same strategy hasn't worked at other banks (or newspapers). or blogs?

]]> By: dweeb http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15072 dweeb Mon, 27 Jul 2009 20:10:56 +0000 http://www.theawl.com/?p=8375#comment-15072 Wait, LolCait's <i>an expense</i>? Wait, LolCait's an expense?

]]> By: formerly it takes a lot etc. http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15048 formerly it takes a lot etc. Mon, 27 Jul 2009 18:51:11 +0000 http://www.theawl.com/?p=8375#comment-15048 Presumably the employees are the ones who make things. You know, that you can sell. Presumably the employees are the ones who make things. You know, that you can sell.

]]> By: HiredGoons http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15039 HiredGoons Mon, 27 Jul 2009 18:28:15 +0000 http://www.theawl.com/?p=8375#comment-15039 What's Black and White and Red All Over? What's Black and White and Red All Over?

]]> By: KarenUhOh http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15037 KarenUhOh Mon, 27 Jul 2009 18:26:19 +0000 http://www.theawl.com/?p=8375#comment-15037 I think the Emperor has been parading around in his Business Suit for the better part of a decade now. I think the Emperor has been parading around in his Business Suit for the better part of a decade now.

]]> By: Urbania http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15032 Urbania Mon, 27 Jul 2009 18:18:14 +0000 http://www.theawl.com/?p=8375#comment-15032 when is there ever a decline in revenue from laying off employees? isn't the point to reduce your expenses? the big question is does GM have a long term model by constantly firing expensive labor and hiring cheap (but talented) labor. i can see keeping a big portion of the writers churned and taking advantage of the fresh points of view, but there is something to be said for keeping a few powerful voices around for a decade or so. that kind of editorial vision you can't buy. or can you? when is there ever a decline in revenue from laying off employees? isn't the point to reduce your expenses?

the big question is does GM have a long term model by constantly firing expensive labor and hiring cheap (but talented) labor. i can see keeping a big portion of the writers churned and taking advantage of the fresh points of view, but there is something to be said for keeping a few powerful voices around for a decade or so. that kind of editorial vision you can't buy. or can you?

]]> By: Urbania http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15030 Urbania Mon, 27 Jul 2009 18:14:37 +0000 http://www.theawl.com/?p=8375#comment-15030 right between 07q4 and 08q1? although i'd say it's more like 36% rounded up. right between 07q4 and 08q1? although i'd say it's more like 36% rounded up.

]]> By: sigerson http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15029 sigerson Mon, 27 Jul 2009 18:12:23 +0000 http://www.theawl.com/?p=8375#comment-15029 Wait, where is the 40% drop in ad revenues that Denton kept screaming about? Wait, where is the 40% drop in ad revenues that Denton kept screaming about?

]]> By: Maura Johnston http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15026 Maura Johnston Mon, 27 Jul 2009 18:04:50 +0000 http://www.theawl.com/?p=8375#comment-15026 Hey, this means they have enough money to hire <a href="http://www.fashionweekdaily.com/news/fullstory.sps?inewsid=6636770" rel="nofollow">Bonnie Fuller</a> now! Hey, this means they have enough money to hire Bonnie Fuller now!

]]> By: KarenUhOh http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15013 KarenUhOh Mon, 27 Jul 2009 17:44:22 +0000 http://www.theawl.com/?p=8375#comment-15013 That chart has an overbite. Careful if it tries to kiss you. That chart has an overbite. Careful if it tries to kiss you.

]]> By: linernotesdanny http://www.theawl.com/2009/07/gawker-media-is-the-goldman-sachs-of-the-internet#comment-15011 linernotesdanny Mon, 27 Jul 2009 17:38:34 +0000 http://www.theawl.com/?p=8375#comment-15011 Ill will? Against Gawker Media? I don't understand. Who would harbor this ill will, and how would it manifest itself? Ill will? Against Gawker Media? I don't understand. Who would harbor this ill will, and how would it manifest itself?

]]>