Category Archives: Newspaper

PUBLISHER PAYWALLS: Variations & examples of the pay-for-content model – Business Insider

Digital paywalls have helped news publishers like The New York Times and Financial Times stabilize their businesses and mitigate revenue losses in the wake of print’s collapse.

Now a new breed of digital-native publishers — like BuzzFeed, Vox, and Huffington Post — is considering whether to follow suit in a bid to decrease their reliance on the volatile ad market.

Both the incumbents and the disruptors in the online news business must face the same challenge: Millennials are hesitant to pay for their content. Only 25% of US millennials pay for some sort of digital news service (newspapers, magazines, or news apps), according to a 2015 survey from the American Press Institute. Meanwhile, 55% of them pay for entertainment content.

This aversion is encouraging change in the pay-for-content model. Legacy publishers are being forced to reevaluate their existing paywalls and subscription offerings in an effort to drive up new subscribers. Likewise, digital-native publishers that have historically shied away from paywalls are now considering alternative pay-for-content models like micro payments, user-data exchanges, and membership programs that could attract millennials.

Source: PUBLISHER PAYWALLS: Variations & examples of the pay-for-content model – Business Insider

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How The Dallas Morning News made a millennial-minded news app – Digiday

After revamping its navigation and design, the paper’s app more than doubled the share of readers between ages 18 and 34.

Source: How The Dallas Morning News made a millennial-minded news app – Digiday

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Dozens Of Local Papers Changing Hands, Others Closing 08/02/2016

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As the dominant source of local news in many communities, small community daily and weekly newspapers have retained much of their value to advertisers and readers alike. That’s afforded someprotection against trends that have undermined their much larger metropolitan daily peers.

A spate of sales over the last few months demonstrates that, while under pressure, localnewspapers are still alive and kicking, as plenty of buyers still see their value.

Last week, Hearst Corp. announced the acquisition of Houston Community Newspapers & Media Group from itsformer owner 1013 Star Communications, in a transaction including The Courier, a daily newspaper serving Conroe and Montgomery County, as well as 23 weekly newspapers serving Houston’snorthern metro area.

With a combined print circulation of 520,000, the newspapers reach an estimated print audience of 1.4 million and a digital audience of four million per month, concentratedon Houston’s north side, according to 1013 Star Communications.

Also last week, publisher Paddock Communications purchased five daily and seven weekly newspapers serving seven countiesacross southern Illinois from their previous owner, GateHouse Media. Paddock, based in Arlington Heights, already publishes a number of newspapers focused on the Chicago suburbs, including theDaily Herald, Spanish-language Reflejos, The Business Ledger, and many niche publications.

The acquisition marks its first major expansion in downstate Illinois.

Source: Dozens Of Local Papers Changing Hands, Others Closing 08/02/2016

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Loss Of Media Jobs Since 2007 07/04/2016

According to a Demo Memo analysis of the Bureau of Labor Statistics data, by the American Consumers Newsletter by Cheryl Russell, Editorial Director, New Strategist Press, thanksto the internet there are fewer media jobs!

Until the introduction of the smartphone in 2007, says the report, the effect of the internet on employment in traditional media,newspapers, magazines, and books, had been minimal. Between 1993 when Mosaic, the first graphical interface for the Worldwide Web was introduced, and 2007, newspaper employment had fallen some, butthe worst was yet to come. Employment in the magazine and book industries was almost unchanged during those years. Not so after the smartphone transformed the internet into something personal andportable, says the report.

Employment Changes:

In The Newspaper Industry

  • 1993 to 2007:-79,000
  • 2007 to 2016: -168,200

68% of job loss occurred since 2007

In The Magazine Industry

  • 1993 to 2007: -300
  • 2007 to 2016: -48,400

99% of job loss occurred since 2007

In The Book Industry

1993 to 2007: 700

2007 to 2016: -20,700

100% of job loss occurred since 2007

Traditional media jobs are disappearing, and new jobs are emerging in internet publishing and broadcasting, but not enough to fill the gap, says the report. Internet media employment grew by 125,300 between 2007 and 2016, or a little less than half the 237,300 jobs lost in the newspaper, magazine, and book industries. Even including job growth in television and film, there has been a net loss of 159,200 media jobs since 2007.

And, thanks to the internet says the report, newspaper employment has plummeted over the past two decades, according to Bureau of Labor Statistics’ data, with most of the decline occurring since 2007, when the smartphone transformed the internet into something personal and portable. Behind the decline in newspaper employment is the shrinking newspaper audience, notes the report, a trend starkly documented in Pew Research Center’s State of the News Media 2016. The percentage of Americans who read a daily newspaper (print or digital) has plummeted since 2007.

newspaper_readership2007_2015

For more from the Bureau of Labor Statistics, please visit here.

Source: Loss Of Media Jobs Since 2007 07/04/2016

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One company’s plan to dominate the dying newspaper industry – Business Insider

“It’s all within reach.”

It’s both a tagline and marching orders for Gannett Company.

Announcing the death of print media isn’t interesting anymore, but the way newspaper companies try and convince us that they are still doing well is. Most are trying to innovate, rebrand or refocus, but Gannett’s plan is much simpler.

The plan: acquire companies to scale quickly, cut costs and bring on the digital talents needed to make it all work in today’s media market. It’s not a particularly exciting plan, but the company may not need exciting to make it work.

  1. Earlier this year, a deal to acquire Journal Media Group for $280 million was completed, which expanded the company’s number of daily print papers to 107 in the US market. Gannett is now the largest media network hitting both local and national audiences, according to the company, giving it the benefit of scale. Gannett also tried acquiring Tribune Publishing earlier this year, but that plan failed.
  2. After splitting from Tegna in 2015, Gannett’s CEO discussed his plans to cut expenses across the brand by $67 million in the first half of 2016, accomplished in-part by centralizing parts of its many newsrooms, like copy editing and print design.
  3. The most recent step of the plan is the $156 million acquisition of ReachLocal, a digital advertising firm. The deal puts Gannett in a place to bring digital advertising in house, which is currently done through a partnership with its former parent Tegna, according to John Janedis, an analyst at Jefferies.

It’s all part of the plan to make newspapers work when consumers are demanding digitally focused organizations.

Source: One company’s plan to dominate the dying newspaper industry – Business Insider

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… Read All About It! 2.7 Billion Adults Read Newspapers In Print 06/27/2016

According to the annual World Press Trends survey by the World Association of Newspapers and News Publishers, audiences are contributing an increasing share of the total global newspaper revenue.Newspaper circulation revenue represents 53% of the overall industry revenue, underscoring the trend that audiences have become publishers’ biggest source of revenue.

WAN-IFRA CEOVincent Peyrègne presented the survey at the 68th World News Media Congress, 23rd World Editors Forum and 26th World Advertising Forum in Cartagena, Colombia. He also announced the launch ofthe World News Media Outlook, “… a very useful step on the way to a new approach of measuring and assessing the performance and priorities of leading news companies worldwide…”

The World Press Trends survey includes data from more than 70 countries, accounting for more than 90% of the global industry’s value. The data is compiled bydozens of national newspaper and news media associations and support from global data suppliers: Zenith Optimedia, IPSOS, PwC, ComScore, the Pew Research Center, and the ITU.

The survey showedthat newspapers generated an estimated US$ 168 billion in circulation and advertising revenue in 2015. 90 billion came from print and digital circulation, while 78 billion came from advertising, saysthe report.

Total global newspaper revenues fell 1.2% in 2015 from a year earlier, and are down 4.3% over the last five years. WAN-IFRA estimates of global industry revenue again include dataon non-daily revenue, which is estimated at US$ 8 billion. “WPT data indicates that, in most mature newspaper markets, additional revenue brings between 7 and 20% of overall revenue,” saidPeyrègne.

Source: … Read All About It! 2.7 Billion Adults Read Newspapers In Print 06/27/2016

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Printed Newspapers Are Dead; Thanks A Lot, Millennials 06/24/2016

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After more than 20 years of subscribing to The New York Times, I’ve finally faced reality and canceled home delivery of the print edition and moved exclusively to anall-access digital pass. Truth is, it’s been years since I’ve regularly read The New York Times—or The Wall Street Journal or the Washington Post, for thatmatter—in print, at least. In fact, I’ve spent the past four or five years methodically suspending my home delivery and simply reading the Times on my iPhone, tablet or laptop.

When I mentioned to some Millennial colleagues that I finally gave up reading The New York Times in print in favor of reading it in digital formats, their reactions ranged from,“What took you so long?” to “BuzzFeed is better than the Times, LOL!” to “There’s a print version?” Indeed, it seems as if I’m one of the lastof my cohorts to give up the ghost on print media. Having spent the early part of my career working at print magazines, I’d been a longtime advocate and fan of the printed page. Apparently, myreading habits were more akin to a 65-year-old, college-educated matron than a Gen Xer who works in new media and tech. Whomp whomp.

Source: Printed Newspapers Are Dead; Thanks A Lot, Millennials 06/24/2016

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Pew Research Center newspapers – Business Insider

Newspapers have been the standard for news delivery for a while now, and their death has been predicted at the introduction of radio, television, and now, the internet.

But many people still like their newspapers.

In their State of the News Media report, the Pew Research Center said that 51% of people who read newspapers read only the print edition, as opposed to the desktop and mobile versions of the papers.

That number is falling, as 62% of newspaper readers read the print product only in 2011, but print papers are still a popular way of consuming news.

This does not however, mean that newspapers are prospering. Newspaper ad revenues have declined 8% since last year, while comparable revenues for cable TV news and digital ads grew by 10% and 20% respectively. Daily circulation of newspapers fell 7% since last year, the largest decline since 2010.

An even worse statistic for newspapers: just 5% of adults in the US listed a print newspaper as their “most helpful” source of news in the presidential election.

Source: Pew Research Center newspapers – Business Insider

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Internet publishing vs newspaper employment – Business Insider

internet-publishers-vs-newspapers-cotdNewspapers are dying and the internet is rising.

The Bureau of Labor Statistics recently highlighted a stark indicator that this generational shift in the nature of media is happening: Since October of last year, there have been more people employed in internet publishing than by traditional newspapers, according to the Bureau’s Current Employment Statistics program, also known as the “establishment survey” in the monthly jobs report.

According to the BLS, “In June 1990, there were nearly 458,000 people employed in the newspaper publishing industry; by March 2016, that figure had fallen to about 183,000, a decline of almost 60 percent. Over the same period, employment in Internet publishing and broadcasting rose from about 30,000 to nearly 198,000.”

This chart, based on an interactive graphic made by the BLS, shows the dramatic changes in fortune for online and offline media.

Source: Internet publishing vs newspaper employment – Business Insider

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2016 Is Not The Turnaround Year For Newspapers 05/06/2016

Disruption, destruction, reinvention: Whatever you want to call what the Internet does to established industries, newspapers publishers were one of the first to be hit. And the painful process isstill very much underway, judging by first-quarter results, which show that the business isn’t out of the woods yet. This week, The New York Times Co. reported that total revenues sank 1.2%,from $384.2 million in the first quarter of 2015 to $379.5 million, due largely to a 7% drop in ad revenue to $140 million, which in turn resulted from a 9% drop in print ad revenues and a 1% drop indigital ad revenues.

These losses more than offset a 2% increase in circulation revenues, to $218 million, due mostly to growth in digital-only subscription revenues, which jumped 14% from $47million to $54 million.

Tribune Publishing, now battling an unsolicited takeover bid by Gannett, fared a bit better in the first three months of the year. Total revenues remained basicallyflat, slipping from $398.3 million to $398.2 million. Like its peers, Tribune reported continued declines in advertising revenue, which fell 4.4% to $215 million in the first quarter of the year, or12.4% when revenues from the newly acquired San Diego Union-Tribune are excluded.

Digital ads at Tribune were stagnant, edging up 0.8% to $45.7 million. These losses canceled out a1.7% increase in circulation revenues, to $122 million (again taking into account the U-T acquisition).

Source: 2016 Is Not The Turnaround Year For Newspapers 05/06/2016

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