Posts Tagged ‘loss’

24 Hours of Gannet Co Inc’s The Bold Italic Website: “Sexy Time,” “Sex Toy,” “More Sex” – A Triumph of Form Over Content

Thursday, July 10th, 2014

This was the promise, a few years back:

“From the beginning, art elements and overall design featured prominently in strategy discussions and were kept at the forefront. Inventive and well-known global design firm IDEO was brought in early on to work with Gannett’s innovation team incorporating relevant research into the human-centered design* that was being developed for The Bold Italic.”

The cost to Gannett? Well, millions were spent on just one website / defunct magazine. How many millions? Well, as with Charles Foster Kane’s Xanadu, No Man Can Say.

But let’s check the water cooler chitchat over at The Gannet Blog:

“The revenue plan was mysterious because there was no revenue. Not for the first 24 months anyway. The Bold Italic had a burn rate that rivals some of the most infamous dot.com fizz outs. They blew through $2 million a year for the first 2 years, before snagging a whopping $41k in revenue based on their skimming from entertainment ticket / event sales.”

And that brings us to July 2014, where these bits came out within hours of each other:

Sexy Time: An Oil to Get Your Lady Parts Stoned (NSFW)

Men Can Bone Their iPads with New Sex Toy

Help This Horny Gal Have More Sex with Her BF

My point is that you didn’t need to go There to get Here.

My other point is that:

1. Aging east coast media baron Gannett Co. Inc. is Charles Foster Kane; and

2. West coast corporate money-pit vanity-project The Bold Italic is its Xanadu, and perhaps, eventually, its Waterloo

Oh here it is, 34 Page Street – so sexy! You can see the glow from all that reclaimed wood upstairs:

In closing … Rosebud!

END OF LINE

*What on Earth does that mean? I’m clueless. It’s just blah blah blah while the meter’s running at $500 per hour…

The Bold Italic Finds a New Way to Suck: Is This Tweet an Ad for Ford? Gannett Co Inc’s Failed West Coast Operation

Tuesday, December 31st, 2013

[UPDATE: Who says nameless, faceless, S&P500 corporations never listen to the little guy? ‘Cause now the unpaid(?) interns(?) at Gannett, Co. Inc are putting “sponsored” on their sponsored Tweets. Just like I asked them to, below. Excelsior! ]

Here we go:

Except it’s an ad for Ford.

(And how about, instead, calling it a _pointless_ trip to Mount Tam?)

SFist handles things differently – it would use the term “sponsored post” or something.

Why not do that instead, TBI?

Of course, if you gained a lot more readers you could pay for your expensive clubhouse with advertising but how can you do that if you trick the few readers you have with ads for Ford?

Or maybe TBI’s role is just to lose millions of dollars for the home office in VA to offset profits made from the profitable part of Gannett?

Mmmm…

The “Bay Area Council Economic Institute” Denies Failure re: the America’s Cup – The BACEI Shouldn’t be Trusted

Tuesday, December 10th, 2013

A few notes here. The “thrilling comeback by Oracle Team USA” was tainted by the cheating scandals involving …Oracle Team USA, wasn’t it? The so-called “economic impact” is about 96% lower than the highest number initially given by … the BACEI. The 3,800 “jobs” referred to are in fact … merely job-years, so, in fact, all the “jobs” “created” are now gone and some of the “jobs” “created” paid less than minimum wage, and some of the workers still haven’t been paid as agreed, and lots of workers came up from SoCal since billionaire Larry Ellison was too cheap to pay Bay Area workers. The America’s Cup “captivated a worldwide audience?” No it did not. And of course the America’s Cup “produced tax revenue” but it also stole tax revenue from San Francisco and net result is a loss to the tune of millions of dollars.

I’ll note that there’s no apology for what everybody now knows was a flawed study from the BACEI in 2010. It’s all spin.

The 2010 report was a big pile of garbage. This after-the-fact press release is a smaller pile, but it’s still garbage.

OTOH, if you want to promote some event in the bay area and you need some wildly optimistic numbers in a report, the BACEI is the corrupt think tank for you.

All the deets:

HOSTING 34TH AMERICA’S CUP GENERATES $550 MILLION IN ECONOMIC ACTIVITY, CREATES MORE THAN 3,800 JOBS

SAN FRANCISCO, CA – The thrilling comeback by Oracle Team USA in the 34th America’s Cup capped an historic event that generated $550 million in economic activity, created more than 3,800 jobs and contributed almost $6.6 million in tax revenue to the City of San Francisco, according to the Bay Area Council Economic Institute.

These figures include a new cruise terminal whose construction was accelerated by the America’s Cup races in San Francisco. In the absence of a new cruise terminal, conservative estimates show that the America’s Cup generated $364 million in economic activity, created almost 2,900 jobs and contributed almost $5.7 million in tax revenue to San Francisco.

The figures also do not include economic activity created throughout the region, local and Bay Area visitor spending, or the benefits associated with gripping media coverage of the high-tech competition that captivated a worldwide audience and showcased the Bay Area as an international tourist destination.

“The $550 million in economic activity generated by the America’s Cup is substantial,” said Sean Randolph, President of the Bay Area Council Economic Institute. “The activity benefitted hundreds of small businesses and other employers in San Francisco and the Bay Area and produced tax revenue that supports a wide range of important city services.”

The economic benefits came from almost $280 million in overall spending by the various teams that competed, the hundreds of thousands of visitors that flocked to the waterfront to watch the most innovative and technologically advanced sailboats in the world and the many events that accompanied the races.

“Hosting the 34th America’s Cup in San Francisco showcased our beautiful City to the world and brought thousands of new jobs, long-overdue legacy waterfront improvements, international visitor spending, and a boost to our regional economy,” said San Francisco Mayor Ed Lee. “Our investment brought in significant revenue to the City and the lessons we learned will help us deliver even better world-class events in the Bay Area in the future.”

The bulk of the tax revenue — almost $3.7 million — came from hotel stays, while payroll-related taxes produced $2 million and tax revenue from parking and retail spending combined reached $2.1 million.

The largest segment of economic benefits — $126.7 million — stemmed from spectators who traveled to San Francisco to watch the competition’s sleek catamarans zip across the bay at speeds approaching 55 miles per hour.

A full Economic Impact Report will be issued before the end of the year.

# # #

About the Bay Area Council Economic Institute
The Bay Area Council Economic Institute is a partnership of business with labor, government, higher education and community leaders that works to support the economic vitality and competitiveness of California and the Bay Area. It produces authoritative analyses on key economic issues in the region and the state, and mobilizes leaders from diverse backgrounds around targeted policy initiatives. A sought-after source of economic perspective, its public-private governance and fact-based approach to economic analysis underpin the Institute’s forward-looking thought leadership (www.bayareaeconomy.org).

Rufus Jeffris | Vice President, Communications | BAYAREA COUNCIL
353 Sacramento Street, 10th Floor | San Francisco, CA 94111
O: 415-946-8725 | M: 415-606-2337 | rjeffris@bayareacouncil.org
www.bayareacouncil.org

Jello “Pudding Drop” Turns Into Mayhem – Dude Takes 1700% More Than Authorized – The Pink Bag Mafia Strikes

Wednesday, February 6th, 2013

Joe Eskenazi and Anna Latino were there early.

I dropped by later on and ended up seeing the exact same things they saw – it was as if Groundhog Day had come three days late.

It was Brother against Brother:

Good times.

OMG, Tuesday, February 5th is Jello Day in the 415! Former 49er Ronnie Lott to Hand Out Free Pudding as Consolation

Monday, February 4th, 2013

Heh:

“A special website that Jell-O has set up will have a plug-in that fans can download. Once they do so, if the winning team’s name [the B*lt*m*r* R*v*ns, of course] appears in an article on a webpage, that will be blurred out.”

That’s Phase One.

Here’s Phase Two, which will go off on Tuesday:

Click to expand

Thanks Jello! (I guess.)

Scrappy SFO-Based Airline Now Losing Less Money – Virgin America Announces 2009 Results

Thursday, April 22nd, 2010

Popular Virgin America is still generally losing money, but they have some stuff to crow about. Check it, below.

Appears as if they’ll fly right through our Great Recession.

All the deets:

Virgin America Reports Fourth Quarter and Full Year 2009 Financial Results

Start-up Airline Reports Strong Performance in Second Full Year of Operations

SAN FRANCISCO, April 22– Virgin America, the award-winning start-up airline, today reported its financial results for the fourth quarter and full year 2009.  While driving growth against the backdrop of a contracting industry, the start-up airline made significant top line progress in its second full year of operations.  For full year 2009, Virgin America reported a $48 million operating loss on revenues of $548 million – a $140 million (or 74 percent) year-over-year improvement over 2008.  In 2009, the Company also reported its first quarterly operating profit in the third quarter.

Although the revenue and demand environment remained challenging in the final quarter of 2009, Virgin America reported strong revenue performance, industry-leading load factors, and improved unit costs for the fourth quarter. The airline narrowed its operating loss by $11 million year-over-year in the fourth quarter, improving its operating margin by 10.9 points.  Virgin America also reported a 47 percent increase in scheduled service capacity year-over-year.

Ever more deets, after the jump

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