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November 1st, 2005

How I Learned to Stop Worrying and Love Forbes

The cover story from the most recent issue of Forbes states the following:

Attack blogs are but a sliver of the rapidly expanding blogosphere. A hundred thousand new blogs are created every day, more than one new blog per second, says Technorati, a firm in San Francisco that tracks the content of 20 million active blogs. Some big blogs attract millions of readers. Weblogs Inc., a Santa Monica, Calif. outfit that just got bought by America Online for a reported $25 million, publishes 90 blogs and could bring in $2 million in ad sales this year, says cofounder Jason McCabe Calacanis.

I think everyone can agree on this overview. However, many bloggers are upset that, given its stipulation that attack blogs are a “sliver,” Forbes nonetheless chose to focus its story on them.

Here’s my two cents:

1. Forbes focused on the sliver for good reason. What reason? An avalanche of news articles have already been written about blogs — including covers by Fortune and other financial/business magazines. Forbes is a latecomer. Rather than simply offer a journalistic “me too,” writer Dan Lyons sought a fresh story angle that would generate some buzz. He succeeded.

2. Bloggers are perturbed because, even though the story is factually accurate, it focuses on a negative aspect of blogging. They are worried about being unfairly lumped in with blogging’s “evil-doers,” to borrow a term from CNBC host Dylan Ratigan (who borrowed it from someone else we know.)

Together, these points beg a question:

If an avalanche of stories have been written about blogs, why do bloggers need to worry about one story that focuses on the negatives?

My answer is: They don’t.

In fact, the story will help the blogosphere by convincing a few more corporate Luddites to get on board with blogs and blog monitoring services.

After all, if we marketers have learned anything over the past few years, it’s that generating a fear of “evil-doers” is an excellent call to action.

For opinions of others in blogland, try Steve Rubel, B.L. Ochman, Church of the Customer, Neville Hobson, Shel Holtz , Kevin Dugan, and The English Guy.

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2 Responses to “How I Learned to Stop Worrying and Love Forbes”

  1. Alice says:

    I think we were perturbed because the article offered spectacularly bad advice. Companies who listen to Lyons are going to get themselves into trouble.

  2. Jeremy says:

    You got it - the article will get companies to monitor and track, something they all need to do.

    Why that’s a bad thing? Not sure.

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