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10 Mar 09

The Online Experiments That Could Help Newspapers - BusinessWeek

Business Week takes a look at how print media are going niche/ specialty/ local - and surviving/ making money. "The Bakersfield Californian is an anomaly in the newspaper business. While other papers are shutting their doors and filing for bankruptcy, it's expanding. The reason is the paper's 2005 launch of an online social network, called Bakotopia.com..."

www.businessweek.com/...tc2009038_509195.htm - Preview

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The Web site has caught on to the point where Bakersfield Californian now publishes 20,000 copies of a free magazine with content from Bakotopia twice a month. The articles range from reviews of the local theater scene to goings-on at various hot spots.
Newspapers had hoped that their Web sites would help them replace evaporating print revenue. But an online ad typically garners one-tenth of the revenue of a print ad, estimates Rick Edmonds, media business analyst at the Poynter Institute. "The phrase in the industry is, 'You are trading dollars for dimes,'" he says.
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- But in the middle of it all, the independent, family-owned Californian is preparing to take the idea of Web-created niche magazines national. Using an $837,000 grant from the Knight News Challenge and about $200,000 of its own money, it's launching a site called Printcasting.com later in March. The site will allow individuals, schools, homeowners' associations, wine clubs, and the like to create their own digital magazines. "If we see a magazine that really has potential, we'll print it, place additional ads in there, and distribute it, [first in Bakersfield, then in five other cities as early as this summer]," Pacheco says. The Californian will get a cut of ad sales while spending little on the product itself. "This is cheap and targeted," Pacheco explains. "Even though there's an ad recession, it doesn't mean there're no more ads."
- The idea is to reach out to new audiences, cut costs, and attract new kinds of advertisers.
- This reinvention is taking publishers such as Bakersfield Californian away from selling ads just for their own news content.
- Content Aggregated from Other Sources
  
  Alternatively, some media companies, such as the Washington Post Co. (WPO) and NBC, are posting ads to their own sites, but are using others' aggregated content. They work with a startup called Outside.in that aggregates blogs and discussions around specific locations—by state, city, ZIP code—and serves the links up onto a map located on sites such as NBCChicago.com. There, users click on their neighborhood and find blogs and video related to happenings in the next block. Partly thanks to this feature, the overall audience for NBC's Web sites has doubled between December and February. "Our old strategy [of using only our stations' content] just had a limited growth opportunity," says Brian Buchwald, a senior vice-president at NBC. "Now, it's really about focusing on the growth of the market and being trusted by a particular user base."

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