There’s only one company that can possibly spin media gold on Facebook. And that’s Facebook.
Round and round and round goes the debate — Facebook’s not a media company, Facebook’s not a traditional media company, Facebook’s a new kind of media company. Facebook’s gonna pay media creators to make stuff on Facebook! Wait, no they’re not. Wait, maybe they will make it themselves! Gah.
We’ve seen this debate before — Google refused to call itself a media business for years and years. Now, well…YouTube. And Play. Twitter had similar reluctancies, and now…the NFL (oh, and college softball!). Microsoft tried, but ultimately failed, to be a media company (there’s a reason it’s called MSNBC), and had the sense to retreat from “social media” into “enterprise tools” so as to not beg confusion. Then again, it just bought LinkedIn, so the debate will most certainly flare up (wait, is LinkedIn a media company?!).