Monday mornings can be tough in the best of circumstances, but I compounded things this morning by watching the farewell videos from the Rocky and the P-I. I had seen parts of both when they were originally posted, but had never taken the time to watch all the way through. (The Rocky's, in particular, requires a significant investment of time.) Viewing them back-to-back now left me feeling anxious and sad. And this, too: A feeling somewhere between panic and determination to do more to help turn this thing around.
I'm fortunate to be part of a news operation that is, relatively speaking, still healthy. And I'm even more fortunate to be in a position to launch and help steer initiatives at that news operation. On a day the Pulitzers came out recognizing the industry's best work, there should be plenty to be optimistic about.
Yet here I sit feeling nervous and jittery and wondering if the dozen small-scale initiatives I've helped get off the ground in recent months will amount to more than searching for change under the furniture cushions while the house burns down around us.
So, to make myself feel better if nothing else, I jotted down a list of the big-ticket items we could attempt to solve. What, if we could accomplish them, would go a long way toward finding a stable business model going forward? Here goes:
* Redefining classified ads, which until a decade ago made up as much as one-third of the revenue at many big newspapers. Building a better Craigslist is a good place to start, but the initiative is ultimately bigger than that.
* Using smart advertising software that knows what you're reading when you're within our architecture and tailors the advertising to meet your interests. This both serves as a better reader service and gives small advertisers a better platform. A baseball card shop in the suburbs probably can't afford an ROP ad -- not on a regular basis, anyway -- but would love to put its ad in front of people who are reading baseball stories and/or stories about the neighborhood where the shop is located.
* Selling advertising across all of the company's news platforms with a single buy. This sounds so obvious it's painful, but isn't yet the case at my news org and many others. Want to reach a targeted demographic with ads in a specific place in the newspaper, an individual blog or two online and a particular section in one of our monthly magazines? Sure, we can do that. Or should be able to, anyway.
* Offering tiered content, some for free and some paid. All the basics are free, keeping the news org to keep its position as the dominant provider of information in its market. But the deeper content and analysis on various niches, from city hall to the local pro sports teams, is available behind a pay wall on either an a la carte basis or a single all-encompassing subscription.
* Being completely platform agnostic. I suspect the dominant distribution platform of the future will be mobile and will include a lot of video, but I don't know for sure. In the end, it doesn't particularly matter. What we sell is our content. How we distribute that doesn't really matter.
There are many, many other problems across the industry, of course. But if I thought I could snap my fingers today and make these five things happen, I'd feel a lot less anxious about ending up someday on one of those newsroom farewell videos.
Showing posts with label Rocky Mountain News. Show all posts
Showing posts with label Rocky Mountain News. Show all posts
Monday, April 20, 2009
Monday, March 16, 2009
Goodbyes and hellos
We all knew it was coming, didn't we? The Seattle Post-Intelligencer as of tomorrow will become the second major U.S. daily to stop publishing this year. It's especially painful because in many ways the P-I was the better of the two dailies serving the readers of Seattle.
But we don't really have the luxury to wallow in the pain of a journalistic voice being silenced. There's too much to do at all the other major metro newsrooms if we don't want to be writing our own obituaries. (And keep in mind that both the P-I and the recently deceased Rocky Mountain News were the weak partners in JOA agreements that made it unlikely they would have survived permanently, anyway. The changing business model and the recession merely precipitated their declines.)
Plus, there's a potential silver lining in this. The P-I is going to make a stab at inventing a new type of big city newsroom, working with an online-only platform. Quoting from the P-I's story today:
And from Colorado, word comes today that a bunch of the former Rocky journos are hoping to develop their own version of the same thing, called In Denver Times. In their case, they want to provide most news for free but will have a premium level of content for subscribers. If they don't get 50,000 subscribers to commit in the next five weeks, they'll pull the plug.
Good luck to both ventures. The rest of us in the industry should watch and learn and hope they succeed. The directions they're heading, regardless of the details in each case, are similar to ones we'll all be heading in some form before long. And for most of us -- unlike at the partially or fully shuttered newsrooms in Seattle and Denver -- that doesn't have to be a terrible thing.
While I wish both ventures well, I do worry about their business prospects. The journalists have their hearts in the right place, but it will be difficult to sell ads and develop a competent (and self-sustaining) business model from scratch. Which is basically what they need to do.
Both are leaving JOAs that largely gutted their own abilities to sell advertising. Even if ads don't make up as much of the going-forward revenue as in the past, they'll presumably want some level of ad money. Yet they'll be out there as newbies competing against their former reps in the sales trenches. Tough way to start a new venture in the best of times. And these times, needless to say, ain't so good to start with.
But we don't really have the luxury to wallow in the pain of a journalistic voice being silenced. There's too much to do at all the other major metro newsrooms if we don't want to be writing our own obituaries. (And keep in mind that both the P-I and the recently deceased Rocky Mountain News were the weak partners in JOA agreements that made it unlikely they would have survived permanently, anyway. The changing business model and the recession merely precipitated their declines.)
Plus, there's a potential silver lining in this. The P-I is going to make a stab at inventing a new type of big city newsroom, working with an online-only platform. Quoting from the P-I's story today:
"Steven Swartz, president of Hearst Newspapers, said in the release the Web site 'isn't a newspaper online -- it's an effort to craft a new type of digital business with a robust, community news and information Web site at its core.'
He continued: 'The Web is first and foremost a community platform, so we'll be featuring new columns from prominent Seattle residents; more than 150 reader blogs, community databases and photo galleries. We'll also be linking to the great work of other Web sites and blogs in the community.'"
And from Colorado, word comes today that a bunch of the former Rocky journos are hoping to develop their own version of the same thing, called In Denver Times. In their case, they want to provide most news for free but will have a premium level of content for subscribers. If they don't get 50,000 subscribers to commit in the next five weeks, they'll pull the plug.
Good luck to both ventures. The rest of us in the industry should watch and learn and hope they succeed. The directions they're heading, regardless of the details in each case, are similar to ones we'll all be heading in some form before long. And for most of us -- unlike at the partially or fully shuttered newsrooms in Seattle and Denver -- that doesn't have to be a terrible thing.
While I wish both ventures well, I do worry about their business prospects. The journalists have their hearts in the right place, but it will be difficult to sell ads and develop a competent (and self-sustaining) business model from scratch. Which is basically what they need to do.
Both are leaving JOAs that largely gutted their own abilities to sell advertising. Even if ads don't make up as much of the going-forward revenue as in the past, they'll presumably want some level of ad money. Yet they'll be out there as newbies competing against their former reps in the sales trenches. Tough way to start a new venture in the best of times. And these times, needless to say, ain't so good to start with.
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