newspapers

Newspaper Ad Revenues – Historic 18% Drop

by Andy Brudtkuhl on December 8, 2008

Marketing Charts - Historic 18% Revenue Drop for Newspaper Industry

Total print and online newspaper advertising revenues plummeted to $8.92 billion in Q3 2008, an 18% drop of nearly $2 billion from Q3 2007, and a 6.9% drop from Q2 2008, according to figures released by the Newspaper Association of America.

The steep declines affected every type of newspaper advertisingin both print and online categories. Overall, print advertising has reached an historic low, slipping 19.26%, to $8.19 billion in Q3. – via Marketing Charts

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Small Newspapers and “Web-First” Web Strategy

by Andy Brudtkuhl on December 8, 2008

Mark Van Patten wrote a great post a couple months posing the question – “Does ‘Web First’ Strategy Make Sense for Small Newspapers?“. Before I go into details, I want to let you know what I think…. and it’s a resounding YES, OF COURSE!

If you are a reader here or know me or heard me speak you know this is a passion of mine. I’ve had many conversations – online and off – regarding the use of the web and the inevitable revolution it is forcing in the media industry. I think it is very important for the success of any traditional media outlet to adopt a “web first” web strategy. In the context of Mark’s post we are talking newspapers – and in his post he references small newspapers. I know small – I grew up with a very small newspaper and live with a relatively small one now.

So what is a “Web First” web strategy that Mark discusses? It’s the idea of treating your website as the first source of news. Mark discusses that his paper waits until the paper is printed before publishing articles on their website. The managing editor at Mark’s newspaper has this to say about a “web first” strategy:

Alexieff [Managing Editor, Bowling Green Daily Newspaper] points out that there is no threat online that can compete with the Daily News. He sees no threat on the horizon because of the capital investment required to launch a site and get a staff in place. He cites the cost and lack of potential revenue as a reason to stick with print instead of adopting a “web first” strategy.

Feel free to read that quote again… That’s what prompted this blog post and the initial reaction of “Seriously?”. He claims not to want to give the readers any more reason to drop their subscription because the website is only bringing in 5% of their revenue. Here’s a tip – it’s because you have the model backwards! When you move your content online first you will get more eyeballs – I promise.

I’ve heard the argument before regarding small town newspapers – “But most of our demographic still doesn’t get their news from the web”. Well then how is a web first strategy going to hurt your subscription base? Repurpose your content – toss it online first. The sooner Google catches it the better off you are.

The longer you refuse to adapt the less agile you will become – and one day your readers will realize they can get their news 100 other places. Upon this realization you will face a huge uphill battle – because people like me got there first. Now I’m not an advocate of ditching the print subscription model. There is still a viable market for that. But don’t tell me that a web-first web strategy is going to hurt that model. If anything at least you will be ready for when the old model collapses for good.

Alert: You should be much more afraid of people like me on the outside that want to change the model than losing your print subscription base.

Mark makes a great point in his closing:

If an entrepreneur sees a crack in our dominance of covering the news, a wedge could be driven in and cause readers to abandon our print edition and our online edition.

What are your thoughts on a web first strategy? Something all newspapers should adopt? What about local television news? Let us know what you think in the comments.

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Alan Mutter on The Next Six Months for Newspapers

by Andy Brudtkuhl on December 8, 2008

Alan Mutter writes the blog “Reflections of a Newsosaur” about the economics of newspapers. In this interview he discusses the near future of the newspaper industry…

“You’re trying to change the wheels on a car that’s coasting downhill very rapidly with nobody behind the steering wheel”

“The next three to six months are going to be the worst ever for the media business” – Alan Mutter

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#journchat on Twitter Tonight 7-10PM CST

by Andy Brudtkuhl on December 8, 2008

#journchat is a live, streaming twitter conversation that takes place every Monday night from 7-10pm CST. What does this discussion entail?

“I believe there is a need in this evolving world of media and public relations for some major dialogue between those who make it happen.

The mission of #journchat is to keep an ongoing, open dialogue between journalists, bloggers and public relations professionals (for as long as we can).” – prsarahevans on #journchat

How can you participate in #journchat?

  1. Follow the conversation here
  2. Get updates here
  3. Checkout the website
  4. Join the discussion by using #journchat hashtag in your tweets
  5. Follow along in FriendFeed

Tune in tonight from 7-10pm CST! If you can’t make it we’ll try to put together a summary post for you tomorrow…

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Future of Journalism Contest

by Andy Brudtkuhl on December 8, 2008

Here is Daniel Bachhuber – the first entry in the Future of Journalism Contest over at Publishing 2.0

While the video is unavailable, please read Daniel’s own transcript on his entry in the Future Of Journalism contest…

First: innovation. Those who come before me were fortunate or unfortunate (depending on how you look at it) in that they were stuck with limited tools with which to be a journalist. Today, we’ve got a growing arsenal of technology to tell the important stories with, let it be livestreaming on Qik, microblogging with Twitter, or practicing link journalism with Facebook. Contrary to the popular paradigm that we’ll settle on one format, this is just the beginning of tool fragmentation. By playing and experimenting with the tools, I position myself to take advantage of what they offer.

Second: the untold stories. Using a combination of emerging tools and traditional formats, my goal is to cover the under reported, most troubling issues we face as a globally connected society. Examples include water access exploitation in India, deforestation and the climate in Haiti, and homelessness in the big cities of Latin America. Being a journalist of the future means using the tools to expand your capacity to tell the word’s most important stories.

Third: collaboration. I began this fall as the Online Editor for the Oregon Daily Emerald wanting to push the publication to innovate with technology. Given the limited resources at hand, I realised that the only way I could achieve anything significant would be to work collaboratively with my peers across the nation. From that vision, CoPress was formed. Contributing to the network is an increasingly successful method of innovation.

The future of journalism is going to require that journalists know how to promote themselves and their work. This is a great way to learn. Don’t aim for high production values. Be earnest. Be creative. Be brave. – Daniel Bachhuber on “Why I’m the future of journalism”

Because of recent news regarding the newspaper industry and my obsession with it – We’re talking the future of journalism – newspapers, new media, advertising, blogging, etc – this week on GANB.

If you have any thoughts or insight on the future of journalism – please leave let us know your ideas!

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