Think back to your first memories of the Internet, around 1995 or '96. Remember the rigid formatting, neon backgrounds and absolute lack of functionality found on the average abomination passing itself off as a website? Me too.
Nowadays, everyone is well aware of the mammoth progress the Web has made in becoming the revolutionary force it was hailed as during its ascent into the mainstream in the mid-1990s.
Anderson articulates the concept of the Long Tail in his book, which you'll find a link to on the righthand side of the screen. Or you can check out Anderson's blog for some background.
In the article, I'll try to shed some light on how the dynamics of the Long Tail hold deep implications for magazine publishers (as well as the rest of Old Media). I've only begun trawling through my research, and haven't vetted my notes enough yet to give an in-depth explanation here.
But briefly, the Long Tail idea says that with the broadening base of non-traditional information and entertainment sources found on the Web, old guard media is in decline (think YouTube vs. Warner Bros., or Rolling Stone vs. a hundred blogging superfans also at the same concert).
Major media firms are losing marketshare to these medium, small, and mirco-competitors that comprise the lower end of the product demand curve, or tail (see graph below).
Kinsella was working on a similar story (the Spin interview) when I contacted him with the idea, which then found its way into his column; he gave me my due props during the interview, crediting it to "some weird ESP thing happening," (or maybe media folks are collectively beginning to click in?).
At any rate, it's a work in progress that I'm pretty excited to polish up and get into Mag World. Alongside Mr Kinsella, popular culture prof. Mark Federman at the University of Toronto has aided me immeasurably, and I'm looking forward to an upcoming interview with Naomi Angel, senior editor of Capital Mag -- one of those 'tiny giants' Anderson says will thrive in the new media marketplace.
Like I said, the wheels are turning ...
Check back around mid-March for the finished product.
“Almost anything is worth offering on the off chance it will find a buyer.” -
Chris Anderson and a maxim of Long Tail economics.