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Thank heavens I have teens! Without them on this Web stuff, you don't have a clue.
You think that when a major network such as CBS (CBS - commentary - Cramer's Take) offers some sort of unoriginal programming on the Web that people will watch it, until you get the word from those execs that they'd prefer watching reruns of Matlock to coming up with something that would cause them to throw up. You believe that the initiatives we see from the online divisions of Disney (DIS - commentary - Cramer's Take) or from NBC's hapless iVillage will have some traction until the teens tell you that you have no idea what you're talking about. (Only Fox has penetrated that group, and that's because the network is represented on iTunes with episodes of 24. Then there's fellow News Corp. (NWS - commentary - Cramer's Take) business unit MySpace.com, which teens love.) And then there is Apple (AAPL - commentary - Cramer's Take). I gave my eldest daughter her fourth iPod for the holidays, this time one with expanded battery. I gave my youngest the video iPod 'cause she wants to re-watch episodes of 24 on the small screen.
When we think Web, we're still approaching it as if it was something that's a dumping ground for content developed for television, or where you can link to old programming in order to further monetize it. "We" is frankly anyone not in their teens or 20s. Painful. We aren't used to businesses that are related to the teen demographic (with the exception, again, of Fox, which always amazes because Murdoch seems to know what this group wants). We look at a Sony (SNE - commentary - Cramer's Take) gadget that is superior to Apple on the face of it and we think, That's the end of Apple. Or we look at Microsoft's (MSFT - commentary - Cramer's Take) vast cash hoard and its success with Xbox and we presume, Apple wipe-out.
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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.
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