Tom Glocer Gets It

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Tom Glocer Gets It

Last year there was a fair amount of buzz about a speech that Rupert Murdoch gave to an assembled group of newspaper editors. He said it was high time for change in the newspaper industry. And he was right.

I hope there is a similar amount of buzz about this column in the FT written by Tom Glocer, CEO of Reuters. I've met Tom a few times and he's always struck me as a smart guy. And this column shows that he is.

Here is my favorite part:

First, media companies need to be “seeders of clouds”. To have access to high-value new content, we need to attract a community around us. To achieve that we have to produce high-quality content ourselves, then display it and let people interact with it. If you attract an audience to your content and build a brand, people will want to join your community. This is as true for traditional “letters to the editor” as for MySpace.com.

It's about letting your content go, letting your community discuss it, dissect it, remix it, and make it even more interesting.

Well said Tom.

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Tracked on Mar 9, 2006 5:35:51 PM

Posted March 9, 2006 in Venture Capital and Technology

Comments

Sorry, if Glocer "gets it" why is his company always on the losing end of its battles with Bloomberg LP?

(Disclosure: I used to work at Bloomberg.)

Posted by: Dave | Mar 9, 2006 10:38:47 AM

Totally agree. His piece describes a media platform that looks a lot like newsvine.com.

About a week ago a posted on the same theme - describing the evolution from media 1.0 to media 2.0. This transformation is really at the heart of the web 2.0.

You can find the post here:

http://threeminds.organic.com/2006/03/this_is_media20.htm

Posted by: troy | Mar 10, 2006 10:46:57 AM

bonjour tom

Je ne me souviens plus si tu maitrises ou pas le français.Si tel n'est pas le cas tu te feras traduire.
Je suis la cousine de dominique que tu avais connu à CANNES il y a des siecles.
Dans le cadre de mon travail je suis tombée par hasard sur ton site et en un instant tout est revenu à ma mémoire.Ecris moi et donne de tes nouvelles dominique parle si souvent de toi je t'embrasse ainsi que ta famille

Posted by: albertini | Aug 4, 2006 8:04:00 AM

A VC

Musings of a VC in NYC