Wired aggregates rumors and repackages as originally sourced

This should read “Things we randomly read on the Internets and are passing on in an effort to get some traffic”:

Everything We’ve Heard About the Next iPhone.

Death knell for local TV

Same trajectory as newspapers: Television stations and the major networks face some of the same problems that newspapers face, but they don’t say much about it, compared with the coverage by the print media about its problems. A recent preliminary study by researchers at the Annenberg School for Communications at the University of Pennsylvania found that major newspapers reported far more often on the declining audiences for news, both for print and television, than the major networks.

But the challenges for both TV and newspapers are similar: loss of audience, a drop in ad revenue and a struggle to match all the new ways people get their news: online, on cell phones and at their computers at work.
There are key differences in the business issues each type of media faces. While both print and broadcast have lost advertising, only newspapers have lost a key part of their revenue base that most likely will never come back — classified ads — Papper observed. “Broadcasters didn’t lose 20 to 30 percent of their net revenue because classified disappeared,” he said. “That will never come back, and the recession has nothing to do with it.”

But broadcast television does not earn money from subscriptions, as newspapers do.

Consumers are leaving behind local TV and getting their news from elsewhere. Maybe local TV outlets should stop pimping network TV shows during their news hour?

Take care when reporting page views

Via

The South Korean government has filed fraud charges against some bloggers who inflated visitor counts for the websites

If hyperbole and BS are criminal violations, Michael Arrington should have been imprisoned years ago.

Citi: one of the largest software developers

FT (via):

Citi had originally estimated it could save $3bn over three years by rationalising its operations and technology functions, which employ 140,000 people, including 25,000 software developers – more than many information technology companies.

Apple has 32,000 employees including 12,000+ retail employees. Google has just over 12,000 employees worldwide.