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GUARDIAN Tue, 09 Feb 2010 11:05:44 GMT
In the past year, the proportion of traffic to US news sites from Facebook has tripled while that of Google News stayed static More people are coming to US news sites via Facebook and other social networking sites such as Twitter – supplanting Google News, which had been one of the primary sources of readers, according to research by the metrics company Hitwise. During the past year, the proportion of traffic that Facebook sends to US media sites has tripled from around 1.2% to 3.52%, while that sent by Google News has remained roughly static, at around 1.4%, says Heather Hopkins, North America analyst for Hitwise. The growing power of Facebook also means that publishers which want to demand money from – or alternatively to lock out – Google News because of claims that it "leeches" on their content could do so without fearing a dramatic impact on their reader figures. With more than 400m users, Facebook forms the newest – and most unexpected – threat to Google, say some analysts. Last weekend the search engine spent $5m on a TV advert during the Superbowl, puzzling many who do not see a threat from rival search engines such as Microsoft's Bing, which has less than half of its proportion of search queries. But Hopkins notes in a blogpost for Hitwise that: "Facebook could be a major disruptor to the News and Media category. And with the Wall Street Journal already publishing content to Facebook, perhaps the social network can avoid the run-ins that Google has suffered recently with Rupert Murdoch. We will continue to watch this space." Murdoch's editors and executives have repeatedly criticised aggregators such Google News, claiming it is leeching off their content by displaying snippets of their work. In the UK, the Murdoch-owned titles have gone as far as blocking access to their sites by Newsnow, a smaller news aggregator. Eric Schmidt, chief executive of Google, has argued that publishers should take advantage of the traffic that it sends them – pointing out that it sends about 4bn such links per year. But Facebook provides the perfect counterweight, where publishers can choose how much of their content they display and view how well it is followed. Sites such as Facebook and increasingly Twitter contribute hundreds of thousands of visits every month to UK sites, according to analysis by the Guardian. John Minnihan, the founder of the software code respository Freepository, warns that Facebook poses one of the biggest threats to Google on the web. "With recent data showing a large uptick in 'Facebook as home page', [Google] may well indeed need to remind emerging generation who/what it is. In that case, the [Superbowl] ad makes some business sense. Whatever the real reason, it has nothing to do with 'sharing video more widely'. If FB dev'ed an integrated web-wide search engine, think about how much traffic would evaporate [from Google] overnite. That's nightmare stuff." Tellingly, Minnihan's comments were made on Twitter — which Google is rumoured to be trying to compete with in a "social version" of its Gmail webmail product to be launched today. Google has already tried – and failed – to create a world-scale social network with its Orkut product, but been obliged instead to purchase access to Twitter's search results to provide real-time insight into what people are talking about. Facebook's content however lies beyond its reach – and that could be crucial in the forthcoming months as news publishers in the US and UK consider putting up higher paywalls or demanding money from aggregators. Facebook Google Search engines Internet Social networking Charles Arthur guardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds
GUARDIAN Tue, 09 Feb 2010 10:45:00 GMT
• City regulator thrown into chaos as chief executive resigns • Move casts doubt over future of the FSA The City regulator was thrown into chaos this morning as chief executive Hector Sants resigned. Sants, a former banker, is stepping down from the Financial Services Authority (FSA) in the summer. He has decided to tender his resignation ahead of the election, which has cast uncertainty over the future of the FSA because the Conservatives have a policy to disband the regulator. Concerns will now be mounting about the willingness of chairman Lord Turner to remain in his post during a radical overhaul of financial regulation following the taxpayer bailout of the banking system. While Sants had told friends that he intended to stay as chief executive for only three years, the timing of his departure so close to the election will raise speculation that he decided to announce his departure now because of the uncertainty facing the FSA. The Conservatives have announced plans to disband the FSA and hand its powers for supervising banks to the Bank of England, effectively tearing up the system of regulation introduced by Labour when it was swept to power in 1997. The opposition has blamed the current tripartite system – involving the FSA, the Bank of England and the Treasury – for the current financial crisis. Sants said: "When I was appointed I told the board that I planned to serve as chief executive for three years, and I intend to stick to that timetable. Of course, those three years have encompassed the most extraordinary circumstances for a financial regulator, and I am very proud of the manner in which the FSA rose to the challenge of dealing with such unprecedented turbulence across global financial markets. "Moreover, I believe the FSA candidly examined the failings in financial regulation that contributed to the onset of the crisis, learned the lessons and has gone on to reform itself into a much stronger and better equipped organisation. "I believe the FSA has made great strides in ensuring that such individuals are in place in the UK and I am sure that after I leave they will continue to do invaluable work to ensure financial stability and protect the interests of consumers." He joined the regulator in May 2004 as the managing director responsible for wholesale and institutional markets which allowed him to avoid direct criticism of the supervision of Northern Rock, the first bank to endure a crisis of confidence in living memory. The banking crisis erupted just as he became chief executive in July 2007, from which point he was embroiled in overseeing the nationalisation of Northern Rock and the bailout of Royal Bank of Scotland and HBOS. Turner tried to present a picture of business as usual at the FSA and paid tribute to Sants. "Hector has given outstanding service and leadership through the turbulent last three years and has played a pivotal role in reforming the FSA into a truly effective organisation. He will leave behind an organisation with strong purpose and a clear strategy," said Turner. "We will be immensely sorry to lose him, but understand his decision to move on in the summer and wish him well in whatever he chooses to do after his departure. In the meantime, we will continue to work together to deliver the FSA's reformed and intensive supervisory approach and drive forward the global regulatory reform agenda.". Financial Services Authority (FSA) Banking Conservatives Jill Treanor guardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds
GUARDIAN Tue, 09 Feb 2010 09:47:09 GMT
• Former world No1 goes down 6-3, 7-6 to Spaniard • 'I never felt I could get into his service games' Former world No1 Pete Sampras admitted to feeling his age during his 6-3, 7-6 exhibition loss to Spain's Fernando Verdasco at the SAP Open in San Jose, California. "It was a pretty rough night," Sampras said. "I never really felt I could get into his service games. Playing defence is harder for me. That's something I used to do a pretty good job at. It's harder to move." Sampras received a rousing standing ovation once it was over. He waved and hit three balls into the crowd before telling everybody he "felt a little old" out there. It was the 38-year-old's first exhibition match since he beat Andre Agassi 3-6, 6-3, 10-8, in Macau in late October. The 14 times grand slam winner, who retired in 2003, plays about a half-dozen exhibition events a year and is using a bigger racket these days to try to keep up with the hard-hitting youngsters on tour now – like the overpowering Verdasco. Sampras hit back-to-back aces in the first game of the second set and a big first serve that Verdasco couldn't return to capture that game. Sampras's impressive scoop volley for a winner four games later drew a thumbs-up from Verdasco across the net. Yet the very next game, Sampras sent a forehand long and shook his head and looked at his racket. When the chair umpire called another forehand by Sampras long on the next point and then corrected it, Sampras held his arms in the air and twirled his racket. "I felt a little old," he said. "I tried. At times it wasn't all that competitive." Tennis guardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds
GUARDIAN Tue, 09 Feb 2010 08:52:41 GMT
Conservatives should support referendum to introduce the alternative vote method because that is the system they use for their own internal party elections, say Lib Dems David Cameron was accused of hypocrisy ahead of today's Commons vote on a referendum on electoral reform because Tory MPs will oppose a system they use in internal party elections. Chris Huhne, the Liberal Democrat home affairs spokesman, made the allegation in advance of a vote this afternoon in the Commons on a proposal to hold a referendum on abandoning the first-past-the-post voting system after the general election. Under electoral reform plans championed by Gordon Brown, the country would be asked to choose whether to switch to the alternative vote (AV) method. The prime minister has hailed the change as part of a "new politics" which could restore public trust in Westminster in the wake of last year's expenses scandal. But the Tories will oppose the move, which Cameron dismissed yesterday as a "fiddle", accusing Brown of "a cynical attempt to save his own skin". Although Brown is likely to win the vote this afternoon, the plan has almost no chance of becoming law before the general election because there will not be enough time to get it through the Lords. But Lib Dem MPs and supporters are strongly committed to electoral reform and Brown's move may increase the chances of the Lib Dems doing a deal with Labour in the event of the election producing a hung parliament. This morning Huhne told the Today programme that it was hypocritical of Cameron to oppose AV. "The Conservatives use the alternative vote to elect their own leader, but they don't think it's good enough for us to elect MPs. That's a hypocritical party if ever I saw one," Huhne said. Huhne said that AV was "not a perfect solution" but that it was "a step in the right direction". Hilary Benn, the environment secretary, told the same programme that the government was not proposing a referendum because it wanted to improve relations with the Lib Dems. "It's about trying to do the right thing because we need to restore trust in politics," Benn said. Amendments tabled by Jack Straw, the justice secretary, to the constitutional reform and governance bill would require a referendum to be held by the end of October 2011. It would offer a straight choice between the existing system and AV – under which voters would rank candidates in order of preference. The Lib Dems will seek to change the question to offer the choice of a more proportional system – the single transferable vote – instead of AV. They also want to bring forward the last date of the referendum to May next year and close what they say is a loophole that would allow an incoming Conservative administration to abandon the vote without the need for fresh primary legislation. Campaigners for voting system change welcomed the AV proposal as a "small step" towards making the electoral system more representative. Ken Ritchie, the chief executive of the Electoral Reform Society, said today's vote will reveal "a dividing line between the old and new politics". He went on: "Gordon Brown is prepared to take one small step for democracy with the alternative vote. With the single transferable vote the Lib Dems are prepared to take one giant leap. "Meanwhile, the Conservatives seem content to march as one through the lobbies and endorse our defunct system which they hope will give them power. "This vote will illustrate better than any before the divisions between and within parties. It will send a powerful signal to voters where their MPs' interests lie – whether they value job security or old prejudices over the needs of their voters. "We're not too sure how Conservatives can reconcile their change agenda with a three-line whip in defence of first-past-the-post. But we assume that Tories and Labour rebels will have the opportunity to explain their decision to voters at the coming election." Willie Sullivan from the Vote....
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