(Updates below: Responses from several FM authors)

ValleyWag today suggests that one of FM's conversational marketing campaigns is hurting the editorial integrity of our authors. It says that Microsoft paid them to write, which is simply not true. They were invited to join a conversation with readers about Microsoft's new theme, and they did so, but they didn't write about it on their blogs. The only money they get from Microsoft is from ads running on their sites, for which they're paid by the page view.

But it's a great chance to stop and talk about the rapid evolution of conversational marketing, the most important thing happening in our industry. So we offered this comment to Nick Denton, who wrote the ValleyWag item:

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Nick,

Welcome to the birth of conversational marketing.

It's making people like you and me, who came from the world of traditional newspapers, have to learn about three-way conversations. We have already witnessed the evolution of the two-way conversation among authors and readers that is replacing old-fashioned one-way journalism. Even our old employers (yours at the Financial Times, mine at The New York Times) are now actively bringing their readers into two-way conversations.

So the next step, naturally, is for marketers to want to join the conversation. It can be done in ethical, responsible ways, and FM's authors are among the first to figure out how to do it.

In the case of this Microsoft campaign, the marketers asked if our writers would join a discussion around their "people ready" theme. Microsoft is an advertiser on our authors' sites, but it's paying them only based on the number of ad impressions delivered. There was no payment for joining the conversation and they were not required to do it. They're not writing about this on their blogs, and of course several of them have been known to be pretty hard on Microsoft at times as reporters. They're talking about the topic, and readers joined that conversation.

We're carefully expanding conversational marketing based on all kinds of new ideas that are coming from authors, marketers and our sales reps. We're drafting a set of principles for conversational marketing that will help everyone, inside FM and across the industry, frame the discussion about how we do this the right way. And we're taking care at every step of the process to make sure we don't compromise the editorial integrity of our authors.

You're right to be skeptical; we should all be watching carefully to make sure we do this right. We certainly are.

Best,
Neil Chase
Vice President
Federated Media Publishing

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Updates: Several FM authors have also posted on this topic:

GigaOm: Om Malik
ReadWriteWeb: Richard MacManus
TechCrunch: Mike Arrington
A VC: Fred Wilson
Infectious Greed: Paul Kedrosky