The New York Times is buying the Wirecutter for more than $30M
recode.net
recode.net
On the other hand, a media company that relies on advertising for a significant chunk of its revenue naturally seems like it will have a conflict of interest between its advertisers and the products it may be reviewing.
Anyways, congrats to Brian Lam and co., but I'm curious how this would benefit the Times in the long run.
Hopefully the NYT is smart enough to realize that all the value is in the reputation and maintain an open and transparent hands-off editorial policy. Keeping the articles as detailed and comprehensive as they are is also important, but still leaves room for advertiser pressure through omission of viable alternatives while retaining the appearance of objectivity.
You're right that its percentage based, so there may be a slight bias toward higher priced items, but I haven't seen it. I bought a recommended non-stick pan off thesweethome yesterday, and they explicitly talk about price range being good to go a bit cheaper and just buy a new one more often, rather than a more expensive one (to minimize the effects of wear that hit even expensive ones). So they recommend a cheaper pan than they could have.
Still, it's important to have a policy about it and be transparent - which Wirecutter (and the NYTimes surely) has.
I'm just saying the math isn't so cut-and-dry that we consumers don't have to remain vigilant.
Let me guess. The one that makes a non-sharp cut that requires the strength of a bodybuilder and doesn't work half the time?
But, yes, they seem to do a good job overall. Honestly, for a lot of things these days, all you want is a succinct recommendation for something decent while understanding the basis of the recommendation.
Except they only last about 6-10mo before they stop producing a reliable cut and you have to throw them out.
There's a lot of value in that offering, because there's a huge gap between "enthusiasts reviews" (Anandtech, for example) and "consumer" (Consumer Reports). One is done by enthusiasts for enthusiasts and the other is done by consumers for consumers. The Wirecutter seems to provide "by enthusiasts for consumers".
https://web.archive.org/web/20111013114740/http://thewirecut...
I doubt this would be the case if thewirecutter tried to capture a NEW audience with only marketing, a mission statement, and a scrappy MVP.
I can see how it could work because I have spent several thousand based on their advice. Several times through the Amazon link.
PS Wirecutter/sweethome replaced consumersearch.com for me. ConsumerSearch summarized meta-analysis of reviews. After they were sold to about.com (NYT) it became 'stale' so I stopped using them. Just checked, it's still a decent site.
Right now they make all their money off of affiliate links, so let's see what happens when the parent company depends on advertisement.
Is this just a default assumption that the NYT is going to ruin it? I'm actually not totally sure about comparable situations, but Engadget seems to have done ok after being acquired.
http://www.cjr.org/analysis/fivethirtyeight.php
The NYT also has no idea how to deal with obvious digital journalism issues like how to flag when major substantive edits have been made to a piece after publication. It's a dinosaur of an organization, trying some new things but fundamentally out of touch with the modern world.
Probably wanna have more ways to monetize from this base investing in digital plataform like Wirecutter.
NYT -- always late to the party, and under dressed. Although, not quite sure what party Wirecutter represents.
Previously, back in Web 1.0 days, NYT bought: -- Abuzz.com [Jan 2002] https://www.cnet.com/news/new-york-times-acquires-abuzz/
-- About.com [2005] for $400M http://www.nytimes.com/2005/02/18/business/media/the-times-c...
Wirecutter, like Macrumor's buyers guide, have my admiration for building a vital content service out of a pretty simple idea. Gives hope that content-creators don't have to go the viral-spam-crap route to be a success. Or, at least worthwhile.
Hope being bought doesn't screw the quality, but if it does seems like a good business model for someone else to fire up. "We only give As to people who deserve As..."
It's a little frustrating how really I can look at a website or product line and reliably make a judgment like "they made a good product in gen 1/2, but now they're in the gen 3/4 cash out phase where they cut costs and make huge margins on the product before their reputation catches up with the new cost-cutting." It shows how often I see it.
My wife and I are missing some significant things in our apartment, but I intend to keep dragging my feet so I can acquire high-quality things as I get the time to research and the money to buy them. Disposable crap isn't worth my time.
Then again, maybe all the mid-30-something's here are laughing at me right now because I'm just doing what everyone does once they mature and become experienced.