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The Lowdown



Nov. 3, 2008 Post

Here's the The Lowdown from DNJournal.com! Updated daily to fill you in on the latest buzz going around the domain name industry!

Compiled by Ron Jackson
(DN Journal Editor/Publisher)
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We want to kick off the new week by congratulating domain industry leaders Dr. Kevin Ham and Dr. Chris Hartnett on their new degrees from Harvard Business School! As we 

Dr. Chris Hartnett and Dr. Kevin Ham
at Harvard Business School graduation
ceremony October 24 in Cambridge, Mass.

reported back in August, Chris and Kevin were accepted into Harvard's prestigious Advanced Management Program, the highest level executive program offered by the Harvard Business School. They joined 177 other executives from 45 countries around the world for the intensive two-month program that had them sequestered in a classroom 14 hours a day, six days a week. They successfully completed the rigorous course and were awarded their diplomas on October 24. 

In addition to their personal achievement, Chris and Kevin were able to serve as evangelists for the entire domain industry while going through the Harvard program. Chris told me that after their discussions with leaders from so many global corporations, "all of the major companies of the world now know what a “Domain” is and also have a new found appreciation for their value, Traffic and future development potential."

Dr. Hartnett and Dr. Ham are close friends and Hartnett serves on the board of the company Dr. Ham founded, Reinvent Technology. Both were featured in DN Journal Cover Stories ths year, Dr. Ham in May and Dr. Hartnett in June. We'll have more on their experiences at Harvard in our next monthly newsletter.

P.S. Just got a note from reader Brendan Regan who let me know about a recent Wall Street Journal video report on the Harvard Advanced Management program that happened to catch a shot of Kevin and Chris at work! You can see it here.

Elsewhere, in another positive development for the geodomain industry the owners of Richmond.com (The Whitlock Group) have sold their award winning site to Media General, a communications giant based in the Virginia city. The price was not disclosed but is believed to be well into seven figures (the press release is here). By spending what it took to acquire Richmond.com, Media General confirmed our belief that the future of local media belongs to the the owners of .com city domains.

I happen to be very familiar with Media General because they own the local newspaper and NBC-TV affiliate in our home town of Tampa, Florida. In my opinion buying Richmond.com was a move they had to make in order to survive in the long run.  Like many other local media companies, Media General has been taking it on the chin (especially their newspaper properties) as more and more people turn to the Internet for their news. 

I have subscribed to Media General's Tampa Tribune for 25 years but the paper has shrunk so much that it is now just a shadow of its former self. After the latest downsizing a few weeks ago I switched to the more robust St. Petersburg Times and will let my Tribune subscription lapse. I had mentally pretty much written Media General off entirely but the forward thinking they showed in acquiring Richmond.com makes me believe they now have a chance to navigate the treacherous straits from traditional media to the new media world online. I think more and more old media companies will be forced to make similar moves if they want to survive.

One final note today, Fabulous.com has announced the 10 domain names that will be sold in a charity auction to benefit the Internet Commerce Association November 19th (during the 

T.R.A.F.F.I.C. Down Under conference that Fabulous will be hosting on Australia's Gold Coast). The domains (and the parties that donated them) are:

Rick Latona Auctions will handle the charity sale as well as their own live auction on the 19th. Aftermarket.com will follow on the 20th with the show's premier live auction. The conference itself will run November 18-20 with special activity days both before and after the show dates. You can read our exclusive conference preview article here

(Posted Nov. 3, 2008) To refer others to the post above only you can use this URL:
http://www.dnjournal.com/archive/lowdown/2008/dailyposts/11-03-08.htm


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