The Sunday papers were full of long pieces about how awful the economy is and who it's hurting now, which I find depressing and redundant so I passed them by. There were three bits of interest to discuss, though:
1. Poor Employees of Tom Mitchell. There was a
sadly amusing and maddeningly clueless column by
blog-hating R-J Editor Tom Mitchell explaining why the newspaper business is in such dire straits. True to form, he wanted to "
offer some insight into the century-old business model for the modern daily newspaper" without seeing how ridiculous and paradoxical that phrase is. He does, in fact, still cling to a 100-year-old business model for a "modern" newspaper without ever acknowledging anywhere that that very century-old business model is going out the window in the new era. He describes his company's troubles as though it is merely being buffeted by the standard-issue problems of a slow economy, never once noticing that other important societal shifts are taking place that will never be undone even when the economy improves. He also continues to deliberately play fast and loose with data, referring to a tiny recent daily-newspaper circulation uptick while never admitting the paper's circulation is about the same as it was a decade ago and that his regime failed to capitalize at all on Las Vegas' record-setting population growth.
It depresses me because Mitchell and publisher Sherm Frederick will go on insisting as they run their newspaper into the ground that they are being harmed by forced beyond their control and take comfort in the fact that other major papers are struggling, too. Yet they have a singularly hideous and anti-user website that blares as breaking news such things as first-quarter football scores, they have
bloggers who don't blog, they have video programming that
can't be downloaded to any portable media device and their idea for cutting edge is to have a middle-aged weatherman
read the news on a smartphone. They play victim of circumstance when, in fact, they are actively incompetent at using the Internet in a meaningful way that could put them in a position to capitalize once a viable Web-based business model develops. And besides the fact that I love newspapers and good journalism and want it to persist and thrive, I mostly worry that several fine journalists will end up jobless thanks to their bosses' myopia.
2. Viva Las Vegas for heart attacks: Parade Magazine
ran an excerpt from a book by ex-Good Morning America executive producer Ben Sherwood in which he claims that the best place to have a heart attack is in a casino because everyone's watching and all the security personnel are trained at defribillating and CPR and stuff like that. That makes some sense, but Sherwood doesn't explain here the source of his contention that "the heart attack survival rate in Las Vegas is 53 percent." Does he mean at Strip casinos? Or citywide? He points to Seattle (16 percent) and Chicago (2 percent) as comparisons, but there isn't really any explanation as to why away from the casino floor Vegas heart attack victims would be any better off. It sure as hell ain't because our health care system's so terrific.
3. Not Howie Do It. Howard Stutz, the usually excellent gaming reporter for the R-J, had an off-day today. He
did a lengthy piece on the departure of MGM Mirage CEO Terry Lanni that was full of nothing but praise for Lanni's tenure. Besides the question as to why this is worth a look now, nearly two months after Lanni left, there is nothing anywhere in the piece that examines Lanni's role in overleveredging this company into the challenges it currently faces. In fact, the troubled condition of the company at the time of Lanni's resignation is never mentioned and instead the focus is on the non-story about Lanni's phony MBA. That's odd; Lanni himself acknowledged that it seemed like a good time to go because the problems needed fresh eyes and new ideas. What's more, while everyone in the piece -- Gary Loveman, Bill Weidner, Jim Murren, Bill Boyd, Bill Bible, Dennis Neilander, Frank Fahrenkopf -- sang Lanni's praises, a tiny bit of balance could have easily been achieved by noting that Steve Wynn has been very critical lately of Lanni and others for making deals they shouldn't have. Wynn said as much to several news outlets in the rush surrounding the opening of Encore. And Wynn's not the only one who could have provided an alternative assessment of Lanni's tenure; someone on Wall Street easily could at least have been called upon to explain why the MGM stock had tanked so dramatically in Lanni's final year. Sure, most of Lanni's career was bountiful, but most of Alan Greenspan's career was bountiful, too, and we're all now taking a second look at that as well.
Here's this week's Las Vegas Weekly installment. Enjoy.
