THE SMART ROBERT MCNAMARA IS DEAD

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Alfred Eisenstaedt took this picture for LIFE magazine.

Robert McNanamara was an expert on management at the Ford company where he became president.

He helped Ford to stop its losses and administrative chaos by implementing modern planning, organization, and management control systems.

But his management skills made him a tragic Secretary of Defense during the Vietnam years  and a mediocre president of the World Bank.

His son Robert Craig McNamara objected to the Vietnam War as a student.

As he said on TV a few years ago:

“We were in the wrong place with the wrong tactics”

McNamara died today in his sleep at his home in Washington early in the morning.

He was 93.

He was too smart, and as the Daily Kos states:

“He was very bright and energetic, but dry and boring, driven by an insane need for success and with no evident ethical standards beyond those associated with the ferociously ambitious.”

As David Ignatius writes today in The Washington Post:

“Perhaps the memory of this brilliant and tragic man will keep us from being too certain of our own judgment — and encourage us to consider, even when we feel most confident, the possibility that we could be wrong.”



TWO PAPERS, ONE COMPANY, TWO SEPARATE WORLDS

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They belong to the same company.

The last time that I visited them, they were in the same building.

Yesterday they had the same front page picture.

As you know, the editors of The New York Times and The Washington Post exchange their front pages every night …

They belong to different companies and they are in different cities.

In Vancouver, these two papers are together, but, as you can see, they are two separate worlds.

Another example of lack of communication inside, yes, communication companies!



APPLE iPHONE MANIA

Files under Apple, Nick Anderson, THE WASHINGTON POST, iPhone | Jun 25th

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An editorial cartoon by Nick Anderson from The Washington Post.



WARREN BUFFET TALKS ABOUT NEWSPAPERS, MURDOCH, BANCROFTS, THE WALL STREET JOURNAL, THE NEW YORK TIMES, THE WASHINGTON POST AND INTERNET

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Last May 10, Charlie Ross had Warren Buffett on his PBS nightly show.

The owner of the Buffalo News and shareholder of The Washington Post talks about his love for newspapers.

He says that, of course, he would like to buy Dow Jones… and make it a 50 billion USD company.

In his opinion, the paper is good, but the management has failed: Dow Jones is today a 5 billion USD property when Bloomberg is worth more than 20 billion USD.

He is optimistic about the future of national newspapers in print and online.

The conversation about media covers only 11 minutes of the almost-one-hour interview, and his newspaper comments start at 8:56.



BEN BRADLEE’S REACTION

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As always, Ben Bradlee is bold and direct:

“How do you cope with the Internet?

How do you cope with kids not reading enough?

There are problems of comparable scope, but his are probably harder than mine,” Ben Bradlee says of Leonard Downie Jr. challenges at the Washington Post.

The former Post executive editor tells Joe Strupp that reducing staff through attrition shouldn’t affect the paper’s quality. “I think we’ve got too many people.

You’ve got people who write three or four pieces a year.

Some people can write three or four books a year.”

Well, he is gone but still he is right.



NEW FINANCIAL LISTINGS POLICY AT THE WASHINGTON POST

Files under FINANCIAL LISTINGS, THE WASHINGTON POST | Nov 15th

Yesterday, The Washington Post announced big changes in the paper and the newsroom.

This is how some of these changes were announced to the readers in the pages of the newspaper:

To Our Readers

Starting today, we are trimming our financial markets listings as part of a reorganization of the Business section.

Today’s markets coverage begins on Page D7 with an article describing yesterday’s market-related events.

We have expanded our market summary tables, adding new formats to track foreign currencies, the 20 largest mutual funds and the 20 most-widely-held stocks.

We have pared back listings to 1,000 stocks and 2,000 mutual funds, based on market capitalization and total assets, respectively, in editions published Tuesday through Saturday.

Stocks are no longer segregated by market; New York, Nasdaq and American stock exchange companies all appear in alphabetical order in one list.

Stocks of local companies are listed in bold text and all are included, even if they are not among the 1,000 largest companies.

If you own stocks or mutual funds that are no longer listed, please write to us or send an e-mail and we will try to add them to the list.

Full listings of individual stocks and mutual funds will continue to appear in Sunday Business.

Monday’s Washington Business will continue to publish expanded data on local stocks.

You can find up-to-the- minute stock quotes, mutual fund data and investing tools at http://washingtonpost.com/markets.

We have also eliminated our options listings and reduced the number of futures contracts we track. Listings remain for Treasury prices, dividend declarations, exchange-traded-fund transactions, and stocks that hit new highs or lows.

If you would like to comment on the changes, please call 202-334-5040 from 6:30 a.m. to 8 p.m.

Monday-Friday, 7 a.m. to 8 p.m.

Saturday or 6:30 a.m. to 2 p.m. Sunday.

Or e-mail stocks@washpost.com.

Jill Dutt, the assistant managing editor for Business news, will answer questions about these changes in a Live Online discussion today at noon at http://washingtonpost.com.



DRAMATIC CHANGES AT THE WASHINGTON POST

downie_leonard.jpgLeonard Downie, Jr., editor of The Washington Post, sent yesterday a dramatic Memo to the newsroom announcing:

• A plan to “shrink” the newsroom.

• The reduction of the paper’s “news hole”

• The redirection of the existing resources and staffers between departments.

• The limitation of the story length, with new length guidelines to come soon.

• New priorities – “in form”: “Original reporting, scoops, analysis, investigations and criticism” – “in content”: “Politics, government accountability, economic policy and what our readers need to know about the world – plus local government, schools, transportation, public safety, development, immigrant communities, health care, sports, arts and entertainment.”

Please read the Memo because these changes are going to become the “standard menu” for many quality newspapers around the world.

MEMO TO THE WASHINGTON POST STAFF:

“Phil and I met yesterday with the newsroom’s senior editors to discuss proposals and make decisions as we continue to transform our newsroom, the newspaper and our relationship with washingtonpost.com.

We have much more to do to maximize readership of the printed newspaper, build audience on the Web site and further reduce costs in the newsroom.

As you have noticed from developments at other newspapers, readership and economic challenges remain daunting.

Our goal is to be the one newsroom that does this right. We must produce high quality, compelling journalism and carry out our public service mission while adjusting our cost structure to shifting advertising revenues.

We are not just cutting costs.

We believe that everything we are doing will make the newspaper stronger and increase readership of the printed paper and washingtonpost.com.

We are re-directing newsroom staff and resources to our highest priority journalism in print and on the Web. In form, our priorities include original reporting, scoops, analysis, investigations and criticism.

In content, they include politics, government accountability, economic policy and what our readers need to know about the world – plus local government, schools, transportation, public safety, development, immigrant communities, health care, sports, arts and entertainment.

We are moving reporters and editors within and among staffs to accomplish this.

In particular, we are moving a number of reporters from general assignment positions to more specific assignments and beats.

We also are centralizing reporting and editing of some core subjects across staff lines.

Metro now has responsibility for all education coverage.

We will build on the model of Sandy Sugawara’s cross-staff coordination of immigration coverage to do something similar for that and other core subjects.

This may lead to the movement of more reporters and editors around the newsroom.

In the process, we will continue to shrink the newsroom staff through attrition, as low-priority positions become vacant.

We also are tightening up the paper’s news hole, beginning with the reconfiguration of the financial market tables in today’s Business section, which saves two pages of newsprint each day.

Other newshole reductions will be scattered throughout the newspaper, so readers will not lose significant content.

We are continuing to renovate sections of the paper to make them more attractive to readers.

The re-launches of the Health, Food and Home sections are scheduled for early next year.

Work is also well underway on creating a new Style and Arts section in the Sunday paper.

The revamped Outlook section is an example of the improvements we are seeking.

We will make more progress in presenting our coverage more effectively in news sections.

We will take a new approach to story length, which remains an important challenge, despite the progress already made in some parts of the paper.

We will soon publish story length guidelines for the staff, along with ways to adhere to them.

Our goal is for the newspaper to be filled with stories of different sizes and forms – and to provide both reporters and editors the tools to better edit for length.

Our philosophy will be that every story must earn its length, so readers will want to read and finish more stories.

As part of this approach, we will better coordinate the preparation of related stories, photographs and graphical elements – and the design of pages on which they will appear.

Visual journalism will be given still more importance in the printed paper.

We also are working on ways to expand and increase the impact of our journalism on washingtonpost.com.

The re-launches of Health, Food and Home will be accompanied by the launch of a related section of the Web site.

Our plans for coverage of the two-year 2008 campaign, which is beginning now, will include both re-direction of newsroom resources for expanded political coverage in the printed newspaper and significant initiatives on washingtonpost.com.

In her new role as editor of washingtonpost.com, Liz Spayd will help us think first about the Web site for all of our best journalism.

The senior editors will meet again early next month to take more steps to re-direct resources to provide high quality journalism on key strategic subjects that matter most in print and stand out on the Web.

We will have another newsroom staff meeting on Thursday, December 14 to tell you more about what we are doing and answer your questions.

This remains a challenging time, but also one of great opportunity – the opportunity to transform journalism for a new era in The Washington Post and on washingtonpost.com.

Even as we reduce newsroom staff and costs, we will have amply sufficient staff and talent to make this transformation.

It is the most important change that I will lead as executive editor.

It reminds me of my early days in the newsroom, when Ben Bradlee began boldly transforming the paper during the 1960s and 1970s.

The newsroom was well less than half the size it is now, and we were underdogs.

But we found our edge, produced original journalism and had fun creating The Washington Post all of you joined.

Now, we’re taking the next step.”