INMA’s latest report takes a first-person yet global industry-wide view of how media companies are discovering the emerging value of content to create data-infused, reader-based business models that are impacting corporate cultures and audience relationships.
“News Media Outlook 2018: The New Economics of Content” is INMA’s exclusive global look at the strategy and trends driving news media’s transformation.
INMA members may download the report for free and non-members may order the report by going to www.inma.org/reports.
The widely read annual snapshot of a media industry in transition is written by INMA Executive Director and CEO Earl J. Wilkinson, who provides an authentic insight into the media-technology intersection based on personal visits with the world’s leading companies.
Key themes in the report include:
- Trends and strategy behind media transformation.
- Business model innovation and value creation.
- The accelerating role of data at media companies.
- The re-awakening of news brands amid rising skepticism about journalism.
- The rise of digital subscriptions, including culture change opportunities.
- What subscription success is starting to look like.
The 2018 report synthesises dozens of interviews, sessions, and private interactions to create a narrative of surprising optimism:
- Strategic direction: Legacy media companies are moving in the right direction, yet at an uneven pace over time. The strategic context of media is changing as consumers drown in information overload.
- Digital subscriptions: Reader revenue through digital subscriptions and memberships — and the new deep background necessary in acquisition, retention, engagement, and more — is emerging as the brightest possibility to replace departing print advertising in the revenue base. The Outlook report hints at the path forward with subscription stacks.
- Big Data: Data is richly informing management and editorial decisions as companies aim to produce more content that drives engagement and creates brand value.
- Brands: In an ecosystem rising in complexity, brands infused with a clear personality aimed at passionate audiences are becoming a strategic imperative.
“News Media Outlook 2018: The New Economics of Content” is punctuated by case studies from Australia, New Zealand, Sweden, and Norway — innovation hot spots that serve as benchmarks for media companies worldwide.
The 114-page report is divided into two parts: strategy and trends, and digital subscriptions. Wilkinson argues the importance of reader revenue in the broader subscription economy warrants such an emphasis. Among highlights in the digital subscription section:
- Get new context on the rise of digital subscriptions.
- Which models are working in which context (meter, freemium, hybrid).
- What success looks like.
- The concept of a subscription stack.
- How Scandinavia is ground zero for global best practice.
The new INMA report is a strategic document from which media companies can plot their own strategies, comparing and contrasting and localising their unique realities.