The WSJ reports today that Yahoo! continues its aggressive strategy of becoming the definitive new old-media company by pitching advertisers on moving more of their marketing spend away from television to the Internet: Yahoo Tries to Protect Turf from TV Rivals (subscription).
I don't disagree in principle, but the differences between the strategies of Yahoo! and Google remain striking.
Google places its faith in the idea of a dispassionate, all-seeing power that elevates no one, predicts no winner, and offers no special access. It's an amazing, cult-like vision of an absolute democracy whose order is kept by pure reason, by algorithms that police the state like omniscient robots. Google is maddening to advertisers because they can exercise so little control over it. And yet, it is Google where the vast majority of the ad dollars are spent.
Yahoo!, on the other hand, stays busy spinning and predicting, placing bets here and there, trying to use the Internet to deliver a new, better model of the strategy television networks and movie studios and publishers have used to enrich themselves for almost a century. Yahoo! tries to create content, to identify hits, encourage one group over another and to sell advertisers on their ability to manipulate audiences. From an advertising perspective, I used to gnash my teeth over their damnable humanity when I would compose a series of search ads that upon submission were placed into an invisible queue that was reviewed, in a leisurely fashion, by idiots who would send me an automated notice days later informing me that my chosen search terms had been deemed to be insufficiently related to the page I was advertising. They were mistaken, but they were human. I remember getting one of these reviewers on the phone once and having him attempt to lecture me on the importance of relevancy when an identical ad to the one in question was converting searchers into new customers on Google at about 7% (which is high for those unfamiliar with search engine advertising). Add to that the fact that I had probably been managing paid search ads about twice as long as the young man I was chatting with had even been in the workforce. Google, for all its many maddening qualities, has never been that stupid.
Something else that crossed my mind as I read the WSJ story above is the affirmation of a sense (inspired by my previous, very limited, dealings with Yahoo!) that they have too many executives. This is, I am sure, a problem Google will acquire soon enough. [disclaimer: I own shares of Yahoo!, but wish I owned shares of Google.]