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Facebook and MySpace say they’re talking about sharing content

'Facebook I Facebook' - www_facebook_com_facebook_ref=pf

'MySpace UK' - www_myspace_comFrom a report by Emma Barnett in The Telegraph today, Facebook and MySpace have confirmed they are in talks about sharing content across the two sites.

Sheryl Sandberg, Facebook‘s chief operating officer, was quoted as saying the deal could see MySpace music and video being shared via Facebook’s Connect platform that allows users to log into third party sites using their Facebook ID.

Sandberg, Facebook’s chief operating officer, told The Telegraph:

Facebook is focussing on building the best technology which helps people share content, while at MySpace they are focussing on more a content-led strategy. We would like to have their content, as we already do with many other sites, shared across our network because it is good for our users.

The two companies share some common ancestry with MySpace Chief Executive Owen Van Natta having previously worked as Facebook’s chief revenue officer.

Van Natta said partnerships were a core part of MySpace strategy and he saw clear synergies between the two giants of the social networking world.

Facebook is about core communications with your friendship network, whereas MySpace is about congregating around popular content with people who share your interests.

Van Natta recently said that he no longer considers Facebook as competition and with MySpace pushing to offer more content, particularly music, a tie up between the two companies looks increasingly beneficial to both.  MySpace has around 100 million unique users but has had an increasingly tougher time growing of late, while Facebook has continued with its relentless rise and rise and now counts 300 million unique users or so.

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Survey puts £1.38 billion Twitter cost on UK businesses

A survey by IT services provider Morse calculates that personal use of social networks such as Facebook and Twitter by employees during working hours is costing UK businesses an estimated £1.38 billion a year in lost productivity, but more importantly says companies need clear policies to ensure brand protection.

Of the 1,460 office workers questioned, 57% said they used social media sites during the working day for an average 40 minutes each which added up to the equivalent of a full working week a year, Morse said in a press release.

Is this such a bad thing? Is the true cost as high as Morse is suggesting? Probably not. People at work have always found ways to use (waste?) time in ways that do not directly contribute to company productivity. In the modern office environment how many less people now go off for tea or cigarette breaks? How many people have changed the way they use the internet to spend proportionately more time on social networks rather than traditional websites? How many use their lunch hour to catch up with their “friends” and “followers”?

But while Morse will generate column inches with its headline-grabbing figure of £1.38 billion, it is clear that social networks offer both threats and opportunities. Morse makes the point that too many firms have not formulated clear policies on the use of Twitter or other social networks to ensure professional reputations are protected.

When it comes to usage policies it is clear many businesses have some way to go, as of those surveyed just over three quarters (76%) said that their employer hadn’t issued them with specific guidelines with regards to using Twitter.  Without guidelines and usage polices businesses are leaving themselves wide open to a reduction in productivity, brand damage and security risks.

Morse consultant Philip Wicks said:

However, if implemented correctly, the use of social networks can help facilitate closer ties with employees and customers. Therefore, businesses need to strike the right balance between engagement and productivity when it comes to employee usage.

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Economist to build website paywall higher for archive content

The Economist is to expand its archive pay wall from Tuesday 13 October to all content more than 90 days old from the existing one year barrier. Online readers will continue to be able to access the last three months and the latest issue for free, as well as blogs, audio-visual and other sections of the site.

The Economist online is to expand paid subscription only access

The Economist online is to expand paid subscription only access

The Economist has been somewhat insulated from the woes affecting other traditional news publications, with the various versions of the “weekly newspaper” delivering a combined net circulation per issue of 1.4 million copies and claims four million readers globally.

Ben Edwards, publisher of The Economist’s website, was quoted by Media Week as saying the brand online had expanded beyond the print issue to become “a hub for intelligent discussion and debate”.

He added: “Our intention is to continue to develop intelligent discussion as a free, advertising-supported experience, but to charge for the weekly magazine online.”

The online subscription costs £50 a year, or about half of the combined print edition plus online package.

It can be argued that The Economist is in a better position than most when it comes to charging for its online content. It’s model is unlikely to signal much hope for newspapers wracked with declining print subscriptions and display sales. It is not their archives that will deliver the revenues needed, but the breaking news and most current content.

Possibly part of the argument here is that The Economist is doing this simply because it can. It’s coming from a position of strength and is seeking to exploit that. Yes, its display revenues are down massively, but its print versions been riding a wave of success and it has grown its reach into the social media sphere massively. Not bad for a high brow rag.

The recent Top 25 Digital Influencers in News & Politics report from digital marketing consultancy Sparxoo placed The Economist at number 19:

Just ahead of Newsweek, The Economist is surprisingly competitive in the social category. The Economist does very well on Facebook (placing sixth) and breaks into the top 10 most backlinked sites. In fact, the Economist has more fans than CNN, MSNBC, the BBC and the Huffington Post combined, with 158k.

Is this offering a golden key to a brighter publishing future? Economist editor John Micklethwait believes so:

I’m more optimistic about the media industry in the last two or three months,” he told the The Gazette in Montreal last week. “I think the message has got through that people need to pay for content.”

Yes, The Economist display revenues have slumped, but these have been countered by growth in print subscription revenues and a savvy approach to social media and the web.

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