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The idea here doesn't seem to be helping newspapers succeed, but helping newspapers transform into entirely new businesses. It seems like a reasonable way to ma
by isnotchicago 15y ago
The idea here doesn't seem to be helping newspapers succeed, but helping newspapers transform into entirely new businesses. It seems like a reasonable way to make money, I just don't think it has a lot of relevance to the troubles facing the newspaper industry.
There is a difference between "journalism" and "newspapers". In a sense, journalism (hard news, soft news, tech news, whatever) is this wide idea, and newspapers are just one implementation. In the past, scarcity of information combined with advertising helped support the business end (see also: TV, Facebook, everything, etc.). It worked so well, in fact, that it could overcome the ridiculous costs of actually making this physical thing to put the journalism in and carry it to peoples' homes. Not anymore. There are examples of journalism succeeding outside of newspapers, but trying to build a physical, for-profit business around journalism seems to be a losing battle [1].
The nice thing about leaning on advertising for your revenue is that it pretty much scales with your readership which pretty much scales with the quality of your journalism and ease of access to it. The not nice thing is that the internet and Craigslist provide basically the same quality of information for free, so this once comfortable equation is suddenly completely failing newspapers. But the equation itself really hasn't changed, so it's not like newspapers can just throw away their journalism.
So the OP suggests newspapers add "digital marketing" to their sales pitch? Sure, okay, that could be very lucrative for newspapers. How does that relate to being a newspaper? If the digital marketing strategy pans out, what incentive is there for newspapers to keep providing that sillly, unprofitable journalism thing?
[1] This is old information now, but I think the basic idea still stands: http://www.mint.com/blog/trends/the-death-of-the-newspaper/?display=wide http://www.mint.com/blog/trends/the-death-of-the-newspaper/?...
- jeremymims 15y agoThe relevance for newspapers is that they can take their current strengths and relationships and find a new source of revenue that's relevant to their current considerable customer base. Most journalistic enterprises are running short of cash today. They're far more likely to be killed by standing still than trying new things. If the danger is that newspapers become too successful at selling online services such that they no longer feel the need to pay for quality journalism, I'd consider that to be an extremely premature concern on the order of worrying about looking too strong on your first trip to the gym.