Keynote Blog

Keynote Blog RSS

Keynote Blog

Creator of “Newspaper Extinction Timeline” lays out industry’s optimistic future

22 June 2015 · By Dawn McMullan

Ross Dawson is famous for predicting, year by year, the end of the newspaper. But thats not exactly what he meant.

Dawson, founding chairman of Future Exploration Network, created the “Newspaper Extinction Timeline” almost five years ago, which he calls “significantly misunderstood.”

“This is one of the only predictions that I’ve made,” Dawson said at the INMA World Congress in New York City last month. “As a futurist, I believe predictions are often not worthwile because nobody knows the future. The future is unpredictable. Yet the reason why I did make these predictions was to provoke, to be able to wake people.”

If he provoked people to consider why they disagreed with the timeline, then ...

...[more]




6 pillars of a revenue-generating business model for digital journalism

23 February 2015 · By Caio Túlio Costa

The newspaper industry’s financial health is almost hopeless. Traditional media has survived with water through its nose because it has failed to prioritise investments in digital media.

But there is salvation. Traditional media needs to create new sources of revenue to make up for what they lose in the digital life with advertising and circulation revenues.

I conducted research at Columbia University that remains very current. Called “The Business Model for Digital Journalism,” the report is subtitled with a hopeful phrase: “How newspapers should embrace technology, social, and value-added services.”

In this year of 2015, Johannes Gutenberg’s printing press – one of modernity’s most important achievements – turns 576. Over the span of almost six centuries, a business model has developed and been improved upon to make journalism a powerful, respectable, and profitable industry.

Without a doubt, one of the best examples of this strength is The New York Times, internationally acclaimed for the quality of its journalism.

In 2000, the last year of the 20th century, the newspaper’s parent company earned revenues of US$3.5 billion with operating profit of US$636 million. Net income was US$397 million or 11% of revenue for a very solid margin as compared to other industries, where the average margins of Fortune’s largest 30 publicly traded companies were 8.5%.

These figures derive from the acquired capacity to compose revenue from advertising and newspaper sales that covered the cost of a reporting team of more than 1,000 editors and reporters around the world.

Fourteen years later, in 2014, the same company saw revenue fall to US$1.5 billion with operating profit of US$92 million with net income of ...

...[more]




Why the news media industry is ripe for start-up level optimism, growth

01 December 2014 · By Wolfgang Bretschko

One of my favourite video clips on YouTube is a short piece of a presentation given by Al Gore, the former vice president of the United States.

He shows what happens if a frog jumps into a pot of boiling water: he jumps out immediately. But if you put the very same frog into pot of lukewarm water and you bring it to boil slowly, the frog stays in the water until ...

We are very often in situations where we do not recognise dramatic changes around us because the development itself unfolds very slowly but steadily. And when we realise the impact of the development, it’s very often too late to change the course.

If one compares the situation of the newspaper industry with the frog in the pot, one will find many similarities. For many years, we have seen the slow but steady decline of our readership. We realise the water around us is getting warmer and warmer, but nobody is ...

...[more]




SPH Magazines revamps its business model with print, digital advertising innovations

13 October 2014 · By Gloria Arlini

The print industry is battling a headwind of digital disruption. And like any industry amid turbulence, magazine publishers need to dig deep for the courage to transform — not just to ensure survival, but more importantly, to advance resilience.

This was the essence of the speech by our SPH editor-in-chief of English and Malay newspapers, Patrick Daniel, when he spoke about transforming the media business in the digital age last year. The words were not verbatim — this author admits to be seduced by Christensen’s idea of disruptive innovation — but the call for transformation was unmistakable in its urgency. 

The publishing business needs to accurately identify its core strengths and relative advantages, to quickly formulate responses in this volatile media climate.

This is the story about one such journey of transformation. This is a narration of learning processes we undergo in SPH Magazines as we revolutionise our businesses by disrupting the traditional magazines business cycle and opening new opportunities in the process.

The death watch: How do we get to this point? 

Contrary to how it may sound, there’s nothing cool about this. In fact, our journey began from an unenviable starting point: a death sentence. Such as this one. Or this one. And since third time’s the charm, this one.

You know you have hit the rock bottom when you have Newspaper Death Watch and a Museum of Dead Magazines erected in the industry’s honour. 

Clearly the old publishing model no longer works. Magazines cannot survive ...

...[more]




Fairfax Media takes transformation to its employee workspace

22 September 2014 · By Gina Creegan

The story is familiar. Fairfax Media knew that retaining and attracting the best available staff, creating a culture of collaboration and innovation, and increasing online focus were the keys to success. The answer to how to do that in the face of significant change in the media industry was not so obvious. 

In pursuit of answers, Fairfax realised that a key enabler to reaching its business objectives would be a new workplace strategy covering property, technology, and staff.

In August 2012, in a move that signalled a key change in its workplace strategy, the People and Culture sub-committee of the Fairfax Board approved what it called the “Real Time Working Project” (RTW).

The project focussed on our 2,400 staff in Melbourne and Sydney. It embraced upgraded and flexible building fit-outs, a technology upgrade that created an anytime, anywhere set-up to enable ...

...[more]




When it comes to the future, is your media company a pioneer, revolutionary, evolutionary, or in denial?

25 August 2014 · By Jim Chisholm

“There are no case studies about the future.”

I don’t know how often I have said this in reply to the question: “Jim, can you present a few case studies on what my company should be doing?”

It is many years since I lost the inclination to deliver an answer to the wrong question. So when Australia’s Newspaper Works asked me to write “a piece on what some publishers are doing to increase revenue or create new revenue streams,” much as I love them to bits, I simply ignored them.

What I’ve learned over 20 years advising publishers on growth strategies, including creating and directing the World Association of Newspapers’ “Shaping the Future of the Newspaper” project, is that if peer emulation is your only raison-d’etre, you will die. 

If you really want to not only survive in an industry with a half-life, in mature markets, of around five years — but also create value for the future — you have to innovate from the heart, not the blog.

To be fair, our industry began to pass its point of inflection — where digital growth exceeds print decline — around the turn of the year, with the rates of decline slowing as finally, after 20 years living with digital, it finally ...

...[more]




Postmedia shares 4 reality checks discovered during its marketing strategy transformation

04 August 2014 · By Siobhan Vinish

News media marketers have managed well, or at least well enough, for decades with limited budgets and limited objectives.

For a very long time, the main objective was “own the community” with few resources to achieve it or methodology to measure it.

With a limited budget, marketers have often found creative ways to execute creative campaigns — mostly using enthusiastic young people eager to schlep boxes, set up booths, and attend various business and community events waving the company flag.

Marketing took some creativity, a little bit of money, physical work, and a few great pairs of comfortable shoes.

And yes, we owned the community.

Our media companies were connected: We knew every ...

...[more]




Gannett shares 5 lessons learned by asking advertisers what they want

30 June 2014 · By Michelle Krans

When you think about being customer-centric, it doesn’t sound revolutionary. In an age of tight resources, being customer focused is crucial for success. But what does being customer-centric mean to our clients?

We decided to ask them.

We initiated customer research with more than 1,000 decision makers across 11 markets to understand their pain points and expectations. We had them tell us, in their own words, what they needed and wanted from a media partner.

In essence, SMBs told us they wanted:

  • Help managing the complexity of their media and marketing investments.

  • Partners who truly understand their business.

  • Proof that their investments are paying off.

Armed with that information and with a ...

...[more]




Can storytelling be the industry’s savior?

02 June 2014 · By Dawn McMullan

Editor’s note: Raju Narisetti was named senior vice president/deputy head of strategy at News Corp in February of 2013. Prior to this move, he was deputy managing editor of The Wall Street Journal and managing editor of The Wall Street Journal Digital Network, managing editor of Washington Post Co., and founding editor of Mint, the second-largest business newspaper in India.

Here’s why he believes in print, feels newspaper brands have a more long-term view than, say, the Huffington Post, wonders why we didn’t create the Facebook Paper app, and thinks the industry needs to be embrace the genius of a good story. 

INMA: You say “brands have moved from marketers to publishers.” What does this mean and how does this bring opportunity to the media industry? 

Narisetti: Lot of brands want to engage their customers, audiences, or consumers using stories. Brands really don’t want to get into the news business, but they want to get into the storytelling business around themes, topics, and occasionally around specific brand that matters to them.

GE, for example, cares about innovation, wants to be in the conversation about innovation, and wants to engage audiences with great relevant content — often in the form of storytelling. 

As more and more brands realise they can target and reach their potential customers or audiences — and realise that they don’t have enough content beyond just advertising — they will figure out ways to create it themselves or partner with others who can. Many of these brands used to rely on advertising to do that and now, in some cases, they are shifting ad dollars into

...[more]




Native app? HTML5? Hybrid? An inside look at how and why Verdens Gangs transitioned its VG+ mobile app

05 May 2014 · By Padraic Woods

VG+ is VG’s premium subscription-based digital product and VG’s third editorial product, consisting of the best content from the printed VG newspaper with the best content from VG’s free news site.

Context-aware content — tailor made for each platform — ensures the ideal reading experience per device. Users can quickly and easily gain news insight on their mobile while enjoying a more immersive experience on the iPad.

The first version of VG+ was released in 2011 as an iPad app. It was a native application that won multiple awards, including the “Best iPad App in the World” at the WAN IFRA Cross Media Awards in 2011.

In 2013, we ditched our native apps and created a new set of VG+ hybrid apps (Android, iPhone, and iPad). The goal was to combine the best of Web technology with the best of native technology. We also created a new set of editorial tools that are tailor made to the needs of our editorial team and to creating interactive and instantly available content for mobile devices.

We had just started the VG+ 2.0 project to develop hybrid apps when Mark Zuckerberg announced, “The biggest mistake we [Facebook] made as a company was betting too much on HTML5 as opposed to native.” Speed and stability were the main factors influencing Facebook’s change of mind and move back to native.

Taking an award-winning native app and transitioning to a hybrid app was a very difficult decision. Our native app was popular with our users, it was winning awards, and we were steadily increasing the number of subscribers to our product. We still had a number of challenges with the native app — as I’ve outlined below — which we believed could be best addressed by developing a hybrid solution.

We believed that given the requirements of our project, we could combine native and HTML5 functionality in a way that would give us the best of both technologies — the flexibility of HTML5 and the speed and stability of native.

...[more]




About this blog

Every conference has a keynote presentation, that one speaker who connects the dots on a key industry issue and brings clarity to chaos. That is what we aspire to do with the Keynote Blog: identify the top strategic issues facing the news media industry and marshal the smartest people behind them. This blog represents INMA’s “keynote presentation” for the month. Begun in January 2013, this content previously resided in Ideas Magazine; for an archive of past magazine cover stories, click here.


Blog editor

Dawn McMullan is the editor of the Keynote Blog and senior editor for INMA. If you are an INMA member and would like to contribute a keynote blog, please contact Dawn directly by clicking here.


Subscribe

RSS feed
E-newsletter


Blog archives

June 2015 ( 1 )
February 2015 ( 1 )
December 2014 ( 1 )
October 2014 ( 1 )
September 2014 ( 1 )
August 2014 ( 2 )
June 2014 ( 2 )
May 2014 ( 1 )
March 2014 ( 1 )
January 2014 ( 1 )
December 2013 ( 1 )
November 2013 ( 1 )
October 2013 ( 1 )
September 2013 ( 1 )
August 2013 ( 1 )
July 2013 ( 1 )
June 2013 ( 1 )
May 2013 ( 1 )
April 2013 ( 1 )
March 2013 ( 1 )


Blog roll

Business models
Corporate strategy
Cultural change
Innovation
Transformation


Join INMA Today
 
Upcoming Events
Aug
13
INMA Congreso Latinoamericano
Bogotá, Colombia
13-14 August 2015
Oct
01
INMA Data Insights Conference
Chicago, United States
01-02 October 2015
Oct
18
INMA European News Media Conference
Budapest, Hungary
18-20 October 2015
Nov
02
INMA Silicon Valley Study Tour
San Francisco, United States
02-06 November 2015
Nov
09
INMA Seminário Internacional - Brasil
São Paulo, Brazil
09-10 November 2015
Nov
18
INMA South Asia Conference
New Delhi, India
18-19 November 2015
Nov
20
INMA Ideas Day on Digital
Berlin, Germany
20 November 2015

More Events

Member Profiles

  • Marcin Grodzicki
    Poland


  • Eric Hutchins
    United States


  • Eduardo Garces Lopez
    Colombia



  • Tom Morgan
    United States


  • Dan Gaydou
    United States


  • Robert Whitehead
    Australia



©2015 INMA | Home | About | Contact | RSS | Privacy