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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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In
another remarkable sign of the times, local
newspapers, once the dominant media powerhouses in their
respective markets, are being subjected to raids on
their talent pool |
Skip
Hoagland
Atlanta.com
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staged by
competing local websites. Atlanta.com
owner Skip Hoagland has been at the forefront of
that movement and he just upped the ante with a letter
he sent to over 200 employees (including all upper
management) at the Atlanta Journal and Consititution
today. Hoagland told them, "We are offering
independent contractor home based business opportunities
for writers, and reporters to produce articles and content
for our official website Atlanta.com."
Faced with a
dramatic decline in both subscribers and advertising
revenue, the Atlanta paper has been slashing payroll for
months now. Hoagland has come up with a revenue sharing
model that he is using to attract displaced writers and
those looking to leave before the axe falls on them. He
has already signed up the Constitution's very
popular former outdoor editor, Kent Mitchell.
At last month's GeoDomain
Expo in San Diego,
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.com city domain owners
discussed strategies they could use to position themselves
as the successors to collapsing local newspapers. Hoagland
shared his battle plan there and he has put it into action
with this new overture aimed directly at the local paper's
remaining employees.
In his letter to the
newspaper's management and staff Hoagland wrote, "We
are simply eliminating everything that starts with letter
"P", except one, PROFIT, to run
this successful business model. Eliminated are Paper,
Paper Ink, Printing Presses, Postage, Paper Delivery
Trucks, Petrol, People, Property Taxes, Property and
Buildings, etc. This is why we can share our profits with
local independent writers and reporters and offer much
more than many other high overhead local and traditional
medias would be able to do." Details of the
arrangement Atlanta.com is offering are spelled out in
Hoagland's full
letter.
The extended online domain auction associated with the GeoDomain Expo closed yesterday with
$208,844 in sales. Added to the proceeds
from DomainConsultant.com's live auction at
the show, that brought the final auction tally to $303,683.
This afternoon, RickLatona.com's
extended online auction tied to their T.R.A.F.F.I.C.
Silicon Valley auction closed today with $186,675
in sales. French.com provided the bulk of
the revenue after going for $150,000. Added
to the $375,000 generated during the
company's live auction at T.R.A.F.F.I.C., they
wound up with over $560,000 in sales.
That leaves one
extended online auction to go - Moniker's
T.R.A.F.F.I.C. related sale. It closes Thursday
afternoon at 3:15 U.S. Eastern time (12:15
Pacific). Moniker expects to add considerably to
the $2.1 million in sales they booked
during their live event at T.R.A.F.F.I.C Silicon
Valley. |
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(Posted
May
6, 2009) |
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example a URL if you read it in a forum or on a site
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