You may have the only newspaper in the county, but don’t just assume that you can never end up with competition because of the cost involved in starting another newspaper. For a look — and admittedly, a scary look — at what may be the future of the news business, see the article above. Two years ago, nobody would have dreamed that the scenario in this article could have played out in San Diego. But it is, and in other cities, too. And in the not-too-distant future, we’ll see more media start-ups like this in Texas.
There was a meeting in Chicago last week of top newspaper executives to talk about paid content. They heard a number of pitches from entrepreneurs who suggested new ways to generate online revenues. The link above will take you to a Newspaper Economic Action Plan prepared for the meeting by the American Press Institute, offering recommendations on charging for online content. There are all kinds of ideas here, some you may like better than others, but definitely worth your time to check them out.
Leah Betancourt of the Minneapolis Star Tribune has some advice on Mashable for journalists on how to best use social media. Her piece summarizes several policies that have been set by major metros, but also offers some practical tips that might be useful for to community journalists.
The Newport Daily News is trying an interesting experiment in online news. They’re using a tiered subscription model, with the most expensive tier being a $345-a-year electronic edition.
Alan Mutter (the same person who’s pitching an industry-owned ad venture) has an interesting analysis of newspapers’ cost structure on his blog, Reflections of a Newsosaur, and points out that changing that cost structure could be the key to the industry’s comeback. Mutter is advocating a hybrid printed product that involves targeted, niche products combined with innovative online products. His plan is certainly easier to implement for small, community newspapers.
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Advertising spending down 12%
Compared to the first quarter of 2008, advertising spending is down 12 percent, according to Nielsen. That’s a decrease of $3.8 billion, the company reported today. Local newspapers are down 14.3 percent, according to the company’s findings.
Editor & Publisher’s Fitz & Jen are reporting on a report from Moody’s Investors Service that takes newspapers to task over their cost structures. The report notes that 70 percent of newspaper costs are tied up in printing — not the best cost structure in the online era.
Ann Handley has an great how-to about using journalistic writing skills on Twitter. “… news journalism works best when it’s simple and direct, at least in the story’s lead sentences. And simplicity (and other tenets of good journalism — like brevity, and clarity, and immediacy) are now cornerstones of how many businesses, brands and individuals communicate on Twitter,” she writes.
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Print ad sales down almost 30 percent
Statistics just posted on the NAA website show that print ad sales were down 27.9 percent in the first quarter of this year. Online sales fell 13.4 percent.
But the worse news was what happened to classifieds, where sales fell an astounding 42.3 percent.
Newspaper ad sales for last year were off by 16.6 percent, which the NAA said was the worse 12 months in the recorded history of the industry.
This story from American Journalism Review shows how some have a desire for news about the communities they live in that can’t be met by most metro news organizations. “Larger dailies, which are closing down and/or going to online versions, will not cover the news, community events and announcements of small towns,” the paper’s editor says. “We have to do it ourselves. It is the only way we’ll stay informed and connected. Whether it is in print or online, community journalism is still of value.”