Soc Nets Are The New Portals

myspace_millionaires.jpg
The New York Times is running an interesting piece on MySpace, which receives more than 1.3 billion page views a day and has 110 million members.
For instance, I now know that Chris DeWolfe, the business face of the company, and co-founder Tom Anderson, 37, the product specialist, both recently signed new contracts reported to be worth $7.5 million a year.
But the thing that stands out for me is the realization that soc nets like MyFaceSpace ostensibly function as portals today.

“Some people still perceive MySpace like it was in early 2004, as a niche place for scenesters in New York and Los Angeles. That’s how it started, but it’s become very mainstream,” Mr. DeWolfe, 41, said. “It’s about consuming content and discovering pop culture.”
As a result, the MySpace site resembles a portal like Yahoo or AOL as much as a social networking site. Peter F. Chernin, the president and chief operating officer of the News Corporation, called MySpace a “contemporary media platform” and said the site existed to “create content and connect people to one another.”
Fox Interactive “clearly envisioned them as a portal,” said Alan Rambam, a senior vice president at the ad agency Fleishman Hillard.

About David Burn

I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. After working for seven agencies in five states and freelancing for several more, I ventured out on my own in 2009. Today, as head of brand strategy and creative at Bonehook in Portland, Oregon, I'm focused on providing effective integrated marketing solutions to mid-market clients.

Comments

  1. I find it interesting that the NY Times referenced Fleishman Hillard as an ad agency, when they’re actually a PR agency.

  2. Good catch, Chris.

  3. Interesting timing on the piece also because last week their story on Drudge reported how Facebook just eclipsed MS.