Yule Heibel on 2008-03-04
...a scenario repeated all over North America...
This link has been bookmarked by 1 people . It was first bookmarked on 04 Mar 2008, by Yule Heibel.
Great article by Douglas McLennan (of http://www.artsjournal.com/). I've had this open in a browser tab since the end of February -- postponing bookmarking it because I felt I needed to annotate it / comment on it appropriately. But now I'm bookmarking it with just one bit of advice: just read the article, especially if you're interested in newspapers and news media.
The issue McLennan addresses? From the lead-in to the article: "More people are reading newspapers than ever before — on the Web. Yet publishers in Seattle and elsewhere continue to lament their decline. Why are they failing to capitalize on all these new eyeballs?"
Figure it out, Mr or Ms Newspaperperson.
Nobody's reading newspapers anymore.
And yet they are. And in record numbers. Look at this report in Editor & Publisher. The online audience is soaring, and here's the growth rate and numbers of unique readers for newspaper Web sites in January 2008:
| NYTimes.com | 20,461,000 | 45.1% |
| USAToday.com | 12,314,000 | 19.4% |
| WashingtonPost.com | 9,902,000 | 14.6% |
| WSJ.com | 6,962,000 | 81.4% |
| LATimes.com | 5,715,000 | 4.7% |
Not only are these huge audiences, but the growth rates continue to be spectacular. By far, more people are reading newspapers than ever before. As just one example, scroll down the list to No. 16, the Seattle Post-Intelligencer, which has a Web audience of 2.2 million people per month. The P-I's print circulation, when it was considered healthy in the previous century, was in the low 200,000s.
Yule Heibel on 2008-03-04
...a scenario repeated all over North America...
Conventional wisdom says that newspapers are caught in a business model which doesn't support the changes to digital media, and despite huge efforts, the newspaper industry is in decline. Maybe there's no longer a place for traditional newspapers.
The conventional wisdom is crap.
It's hard to take claims that newspapers are taking the Digital Age seriously when they have so under-invested to compete in it. Consider:
Pretty much every online initiative in the traditional news industry has been me-too-ism rather than bold invention. The back-end digital news production structure at most newspapers is a mess. Many papers still bizarrely consider their online and paper versions separate operations.
Yule Heibel on 2008-03-04
- how true, as I noticed via my recent participation in a "sound off" -- it's way too easy to lose your voice, and the many-second delay confounds having an actual conversation...
Yule Heibel on 2008-03-04
- be nice to figure out how that's happening; aside from say, Huffington Post and blogs of that size/ influence, are there really many (any?) making "so much money"?
Let me focus on one area in some detail: ads. Say I want to advertise on the Web site of my local paper. How about those 2.2 million P-I readers? I go to the Web site. Look for how to do it. Not easy. I have to call someone, negotiate a deal. Can I advertise on the newspaper's blog that I know all my customers are reading? No. No one's advertising there. So how much will it cost? Not worth it to me.
Now go to any large blog. Next to every ad there's a link that says "advertise here." Click the link, you get rates, you can specify where it runs, and for how long. You can upload your ad online. If there's space, your ad can be up an hour from now. And the price drops if the space is under-utilized. Easy peasy.
At a time when Internet advertising can get ads to readers with incredible accuracy, why aren't newspapers on board? Last week, several newspaper companies announced a new ad network. This is only eight years late in happening, and it's not at all clear how this new network is going to make things better.
A local example: Here in Seattle, art galleries don't advertise in the local papers. Why? It's way too expensive, and it's probably not hitting the art-buying audience. Yet the popular online visual art blog of the P-I's art critic, Regina Hackett, is a place where the city's visual arts community increasingly logs in every day. Make the ads cheap enough, and galleries would be clamoring to buy space. The paper's Microsoft blog and venture capital blog have substantial, highly-sought-after audiences, yet the paper doesn't look to be even interested in attracting new advertisers for it. You don't think startups looking for funding wouldn't flock to the place where the VC's check in every day?
There are plenty of small businesses that would be micro-advertisers if the rates were right. And who has a bigger local audience online than the local newspaper? Traditional advertisers are falling away? Then start exploiting non-traditional advertisers. Hard to take newspaper execs seriously when they say they're trying everything they can to keep up their revenue. Meanwhile, they're not doing even what any savvy blogger can.
Public Stiky Notes
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.