Finally, there’s a light at the end of the tunnel for print magazines. A new strategy has emerged thanks to The Industry Standard , the high priest of the Internet that folded after that bubble burst. Now, the magazine is back on line, but this time people are betting on it to win—literally. Yes, the Standard is now the OTB of the magazine world, taking bets on whether or not Yahoo will accept Microsoft’s offer, or whether Google will support Open ID. Register to bet and you’re given 100,000 virtual dollars to play with. The odds change, of course, and there are cut-off dates. But what's at stake is more than play money. The results of this kind of virtual betting , which are often right on the money, could determine a company’s stock price or whether or not that V.C. investment goes through. Soon after it launched in 1998, the Standard became the “bible” for Internet business. It was fat with ads and attracted some of the best financial writers in the magazine universe.
I'm one of the 60 million people who don't regularly follow football, but who will be watching the Superbowl this Sunday. We are more than a group on Facebook , more than a cadre of caterers who feed chicken wings and vats of guacamole from Costco to guests who want to rearrange our furniture and our surround sound system. We are the curious and discriminating viewers who are not bogged down by the season's statistics or the list of injuries that would keep the Hospital for Special Surgery in business for the next 10 years. Case in point: the thrilling game two weeks ago in Green Bay when the Giants defeated the Packers in overtime. Most of the "real fans" were focused on how the below zero temperatures were affecting the throwing arms of the quarterbacks. And the announcers were speculating that Tom Coughlin, the Giants' coach, might get frostbite as the camera zoomed in on his blood red cheeks. But not me. I kept wondering what was happening to the football
The National Football League took in $13 billion in revenue in 2016 , nearly three times as much as the NBA and 37 percent more than Major League Baseball. The NFL’s commissioner and chief negotiator, Roger Goodell, the guy reviled by Tom Brady and network television CEOs alike, made a salary of nearly $32 million in 2015, not including his massive expense account. With the big money dangling like a gold ring on a carousel, you would think nothing could stop kids from wanting to reach for that ring. Nothing except Mom and the American Academy of Pediatrics , who want to prevent children from getting head injuries. Concussions have come out of the shadows of X-rays and into the light of functional MRIs and PET scans, where the damage from repeated head trauma can be traced. Parents realize that no amount of money can stop the shaking from Parkinson’s disease or cure Alzheimer’s and related cognitive disorders that can result from multiple concussions. If a lot of kids stop p