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Craig's Gist

[Image: LA Times.com]

Last night, I was in New York for the Time 100 dinner, and arrived at the same time as Craig Newmark. There was a long, red carpet out front and people lined up at the curb to see the celebs. (Robert Downey Jr., Rupert Murdoch, John McCain, Mariah Carey & etc.) Mike Arrington, Jay Adelson, Jeff Bezos, and Mark Zuckerberg were among the geeks honored this year.

One of the things about the 100 is, once you're inducted, you can return to future Time 100 dinners—which is why Craig was there. As we walked in, he told me he'd been to three so far. I trotted along behind him but stopped when we had to go through a kind of chute that was lined with with photographers. "Who are you?" one of them yelled. "Craig Newmark," said his publicist. I hung back with her as Craig sauntered onto the firing line.

You would have thought Paris Hilton had just arrived. The paparazzi went nuts, blasting away at old Craig. I figured he'd be mortified, but no, he was clearly enjoying himself and even pulled out a Coolpix and snapped some shots of the shooters shooting him. "For my blog!" he explained. I wish everyone were sa sweet as that guy.

Can Facebook Save Business 2.0?

The New York Times reported earlier this week that Time Inc., the corporate parent of Business 2.0, the magazine I edit, is considering shuttering it. Our situation is a fairly common one these days: As more and more ad revenue is shifting from print to online media, many magazines are going the way of the telegraph.

What happened after the Times story was published, though, was an It's-A-Wonderful-Life kind of surprise, one that continues to amaze me, minute by minute: Two readers from Canada started a Facebook Group to rally support for Business 2.0. Within 40 hours of the Times story, 350 people had joined the group. (I believe I was member number 7, having read about the group on Techmeme.) By last night the number topped 700 and as of this writing we've got over 900 supporters. At this rate, we ought to hit 1,000 people (bright-eyed geniuses, every one of them, with big brains and enormous disposable incomes!) by the weekend. Please forgive me for obsessively checking The Number; I am starting to feel like Jerry Lewis in the waning hours of a telethon...

So how big this thing will get? What effect it will have on the folks in whose hands the fate of this magazine rests?

The future of print

Here's one of the best things I've read so far about the future of print media.  Pat McGovern, founder and chairman of IDG, says that within three years, he expects 50% of the company's revenues will come from online media, 35% from print and 15% from events...