Jann Wenner Wakes Up Like Rip Van Winkle, Invests Online
But he still has no idea what is going on
 


Jann Wenner, dealing with the shrinkage of his beloved Rolling Stone and the domain name whoopsie of his Us Weekly (someone else owned the URL and Jann wasn't willing to shell out the bucks to buy it) is finally, finally acting like the Internet isn't some passing fad that will go the way of the Atari and pet rock. In an interview with Ad Age today, Wenner talked about the hiring of his first digital director, starting in January, and why he waited so long in investing in the world wide web.


First off, Jann is really on top of his game when it comes to online ad sales:

MediaWorks: How much of Wenner Media's ad revenue comes from digital operations?

Jann Wenner: Honestly, I don't know.

Exciting! That number could be $1, or it could be in the millions! We love guessing games. Don't worry though, in case you thought that Jann was going to lavish all of you net readers with his unbridled affection.

MediaWorks: What's an online reader worth to you compared with a print reader?

Jann Wenner: The print reader's worth a whole lot more.

And then of course, there is the patented Joanne Lipman Portfolio response to why he won't create more content for RollingStone.com:

MediaWorks: Why not try to turn RollingStone.com into something that has a much larger reach online that reaches tons of people who don't touch the print edition?

Jann Wenner: Why undercut the print edition? You're just going to undercut the print edition. There's a finite audience for reading about music. And they like the print edition. They find it valuable and on and on and on.

And on and on and on indeed, Jann! Well, get back to us in two months and tell us how the bartending gig is working out for you. We'll just be here, with our not-so-valuable online readers.

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Comments (10)

No. 1 · ginnipher

where are all the hags?
y'all are the only interesting part of this site!

Posted: Dec 8, 2008 at 3:45 pm · @Reply · [Flag?]
No. 2 · mae

Kind of how you have no idea what's going on either?

Posted: Dec 8, 2008 at 3:46 pm · @Reply · [Flag?]
No. 3 · Slayer

Am I high, or do people who like music also enjoy teh internets? Since many people who are really into music are young and many people who use teh internets are also, you know, YOUNG? This is like the Darwinian theory of economics.

Posted: Dec 8, 2008 at 3:54 pm · @Reply · [Flag?]
No. 4 · LisaNo.1

He strikes me as the sort who looks down on others for not buying vinyl.

Posted: Dec 8, 2008 at 4:16 pm · @Reply · [Flag?]
No. 5 · Coromandel

I have a confession: I've always thought he was hot.

Posted: Dec 8, 2008 at 4:54 pm · @Reply · [Flag?]
No. 6 · KeeblerKahn

Yeah he's kinda missing the point on this. The only industry to benefit from the web more than porn is the music industry. Music online is 24/7 and always up to date. itunes and Myspace have done more to bring new music to people in the last 5 years than Rolling Stone has.

Newspapers and magazines are dieing because for the most part people have embraced the web for their first choice of information. I don't think newspapers or magazines will ever completely go away but they would be fools to think themselves above or better than the internet. The only choice they have is to adapt of slowly wither away.

Posted: Dec 8, 2008 at 6:08 pm · @Reply · [Flag?]
No. 7 · Bob

Of course Rolling stone can form a partnershipp with facebook or myspace since they offer interesting news that those users can find useful in the music biz.

Posted: Dec 8, 2008 at 7:42 pm · @Reply · [Flag?]
No. 8 · sar

"We'll just be here, with our not-so-valuable online readers."

If you loved us you'd redesign.

Posted: Dec 8, 2008 at 8:51 pm · @Reply · [Flag?]
No. 9 · SeaKat

And if you really, really loved us, you'd buy us a pony. After redesigning.

Posted: Dec 9, 2008 at 12:38 am · @Reply · [Flag?]
No. 10 · evil twin

If you gave a half a shit about us, you'd give us our Mollygood, but I digress.

Posted: Dec 9, 2008 at 11:13 am · @Reply · [Flag?]
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