Just in time for the holidays, an analyst says the bottom is in sight for newspapers, and predicts things are going to get better -- slowly (with more advertising drops), but surely.
The comeback will happen in part because of "relentless" cost cutting, but more because newspapers remain a monopoly and have learned to leverage their content into more revenue streams.
As mixed as the analysis was (it shows 8 percent ad revenue drops), it did create a small boomlet for newspaper stocks. I believe they've been discounted so much that they now are bargains.
Thursday, December 24, 2009
Tuesday, December 22, 2009
Social media and marketing; it affects us all
Media analyst Joe Marchese offers "10 things changing marketing in 2010," a perceptive blog posting. Perhaps of most interest is his view of new and much wider roles for social media with all their implications for marketing. The same holds true for news and the rest of media as well.
More on digital media and reading
The print revolution from paper to digital is not only casting doubt on the future of many forms of print, but also on the very concept of reading.
The Christian Science Monitor offers a look at the complex issue of reading, especially reading e-books, at this time of revolution.
Perhaps it's tell that I printed out the story and read it over coffee rather than scrolling through it on a computer. Yes, I don't have a Kindle. That doesn't mean I won't ever have one; just that I have enough to read now and already am spending far more time in front of a computer screen than I like.
The Christian Science Monitor offers a look at the complex issue of reading, especially reading e-books, at this time of revolution.
Perhaps it's tell that I printed out the story and read it over coffee rather than scrolling through it on a computer. Yes, I don't have a Kindle. That doesn't mean I won't ever have one; just that I have enough to read now and already am spending far more time in front of a computer screen than I like.
Friday, December 18, 2009
The newspaper shell game
Jennifer Saba at Editor & Publisher (still there, online) correctly calls out the newspaper publishers for their shell game of charging readers more and offering them less. It's a strategy that probably will doom the industry, I believe, despite plenty of evidence that readers still like, desire and will pay for newspapers. In fact, my belief is that many advertisers will soon become weary of getting no results from their ultra-cheap online advertising, and look at print as a proven model. Of course, that doesn't include classified advertising lost to Craig's list and its ilk, but I'm predicting that some sectors may well return.
Anyway, Saba's comments indicate that she also sees the obvious weakness in a strategy of bleeding resources from a product that you want to sell for a higher price. If only newspaper publishers would.
Anyway, Saba's comments indicate that she also sees the obvious weakness in a strategy of bleeding resources from a product that you want to sell for a higher price. If only newspaper publishers would.
Wednesday, December 16, 2009
Email remains atop social media
In more evidence of overreaching by new media partisans (most of whom have a financial interest in touting new media), the latest research contradicts those saying email was dead.
The newest study finds that email is still much more likely to be used in sharing content than Facebook or Twitter. In fact, email's share of the content-sharing market (as measured by those buttons at the end of stories using "Share This" buttons) is more than both Facebook and Twitter combined.
There's just a lot of bad information out there, and media folks trying to figure out the future from present and recent past trends need to be quite wary.
The newest study finds that email is still much more likely to be used in sharing content than Facebook or Twitter. In fact, email's share of the content-sharing market (as measured by those buttons at the end of stories using "Share This" buttons) is more than both Facebook and Twitter combined.
There's just a lot of bad information out there, and media folks trying to figure out the future from present and recent past trends need to be quite wary.
Does the media need to hire more conservatives?
In a switch from the norm, Thomas Frank (the Wall Street Journal's token moderate commentator) writes about Washington Post ombudsman Andrew Alexander who said the media is too liberal and needs to hire conservatives (I'm paraphrasing Alexander, but this is the gist of what he's written). Frank points out the media is quite conservative already (no questioning of the run up to the Iraq war or, frankly, much else at the Bush White House until the final couple of years when it imploded, or questioning the banking industry as it took America down).
Hearkening back to basic journalism 101, Frank says what is needed is a media willing to hold power accountable. More power to him and his views.
Hearkening back to basic journalism 101, Frank says what is needed is a media willing to hold power accountable. More power to him and his views.
Monday, December 14, 2009
I wonder if she went to journalism school?
And for those just dying to know how low the media can sink, the New York Post started a weekly advice column by Ashley Dupre, the "escort" who sank Eliot Spitzer's career.
A disquieting report on the Wall Street Journal
For nearly four decades, I've touted the Wall Street Journal as the best newspaper in America. I ignored its editorial page, not because of its editorial stances, but because I knew of at least two instances when the editorial page continued to use "facts" in its editorials that it knew were untrue. Despite that (and I routinely ignore opinion pages since they are, and should be, advocacy journalism), I felt the Journal did the best job of covering most of American society fairly and completely. It wasn't perfect, but it was better than the job anyone else was doing.
Two years ago, Rupert Murdoch took over the Journal, much to the dismay of many of its employees and loyal readers. He pledged to keep politics out of the news coverage. Then, as now, I kept an open mind since much of Murdoch's journalism is excellent. I watched as Journal editors broadened the coverage with more societal and cultural coverage. I believe media does have an important role in setting a cultural tone for our society, and by cultural, I mean reporting and reflecting on what is happening in our culture. I've seen significant improvements in areas of Journal coverage, for example an innovative approach to the field of sports, for better or worse, a significant part of our culture.
I've enjoyed reading the expanded Opinion page with often-thoughtful columns and a lengthy daily book review/essay. Sure, I noticed that page tilted heavily rightwing (only one columnist with a discernible moderate bent), and the Editorial and op-ed page, both also labeled "Opinion" seemed to become even more predictably fringe-right in stance. (I do wonder if people on the fringes on both sides of the political spectrum don't realize they'd gain credibility if they didn't always paint everything from their ideological stance -- for example, hasn't President Obama done anything right?)
Now comes a New York Times' "Media Equation" column that basically supports those who felt that Murdoch's company couldn't keep it's hands off the news pages. David Carr's piece cites several instances that appear to be clear ideological coloration to news pages. It supported a general impression that I had been having over the last year or so with instances of direct ideological tints. It saddens me. I had hoped that Murdoch would have kept his word concerning keeping ideology out of news content at the Journal. It's now started a slide into becoming as irrelevant as most of today's newspapers.
Two years ago, Rupert Murdoch took over the Journal, much to the dismay of many of its employees and loyal readers. He pledged to keep politics out of the news coverage. Then, as now, I kept an open mind since much of Murdoch's journalism is excellent. I watched as Journal editors broadened the coverage with more societal and cultural coverage. I believe media does have an important role in setting a cultural tone for our society, and by cultural, I mean reporting and reflecting on what is happening in our culture. I've seen significant improvements in areas of Journal coverage, for example an innovative approach to the field of sports, for better or worse, a significant part of our culture.
I've enjoyed reading the expanded Opinion page with often-thoughtful columns and a lengthy daily book review/essay. Sure, I noticed that page tilted heavily rightwing (only one columnist with a discernible moderate bent), and the Editorial and op-ed page, both also labeled "Opinion" seemed to become even more predictably fringe-right in stance. (I do wonder if people on the fringes on both sides of the political spectrum don't realize they'd gain credibility if they didn't always paint everything from their ideological stance -- for example, hasn't President Obama done anything right?)
Now comes a New York Times' "Media Equation" column that basically supports those who felt that Murdoch's company couldn't keep it's hands off the news pages. David Carr's piece cites several instances that appear to be clear ideological coloration to news pages. It supported a general impression that I had been having over the last year or so with instances of direct ideological tints. It saddens me. I had hoped that Murdoch would have kept his word concerning keeping ideology out of news content at the Journal. It's now started a slide into becoming as irrelevant as most of today's newspapers.
Animation and journalism: A good thing?
Oh, goody. Another chance to write about Tiger Woods. OK, this is a media blog, and this is a serious topic for the media, although Woods does illustrate a point, it's the point that matters.
Now that I've buried the lead deep enough, let's talk about how new technology leads to . . . old media ideas. The media world is -- properly, I think -- buzzing about video animation of news events. Most of us by now have seen the animation that shows an avatar of Woods' wife smashing the tailgate of his SUV before the crash, or some of the others since then.
This has led to all sorts of tsk, tsking since it's faked news, but is it really? It works by reporters telling artists and animators their version of a story, which is then converted to avatars to give video the film it really needs.
There are two points about this I believe are significant: First, use of this technology might lead to television actually covering some of the harder topics that don't come with film. That's always been the Achilles heel of television: most film comes on the easy stories. Here's a technology that allows television to move away from fires, crimes, "unsafe eating" and "sexual predators living among us!!!". The second is that, once again, it's a throwback to a journalism technique that influenced newspapers in the 19th century. Before technology allowed newspapers to have photos, they had illustrations and cartoons. They were good for journalism, and this most recent trend might well be good for journalism now.
Now that I've buried the lead deep enough, let's talk about how new technology leads to . . . old media ideas. The media world is -- properly, I think -- buzzing about video animation of news events. Most of us by now have seen the animation that shows an avatar of Woods' wife smashing the tailgate of his SUV before the crash, or some of the others since then.
This has led to all sorts of tsk, tsking since it's faked news, but is it really? It works by reporters telling artists and animators their version of a story, which is then converted to avatars to give video the film it really needs.
There are two points about this I believe are significant: First, use of this technology might lead to television actually covering some of the harder topics that don't come with film. That's always been the Achilles heel of television: most film comes on the easy stories. Here's a technology that allows television to move away from fires, crimes, "unsafe eating" and "sexual predators living among us!!!". The second is that, once again, it's a throwback to a journalism technique that influenced newspapers in the 19th century. Before technology allowed newspapers to have photos, they had illustrations and cartoons. They were good for journalism, and this most recent trend might well be good for journalism now.
Sunday, December 13, 2009
Study reinforces newspaper audience strength
It's not news any more, but a Scarborough study shows that 74 percent of Americans are reading a newspaper each week, either online or in print. That follows other studies with similar results.
The audience also skews upscale, 84 percent college graduate, 82 percent of households earning more than $100,000 and 79 percent of white collar Americans read newspapers. Now, how to translate that into revenue?
The audience also skews upscale, 84 percent college graduate, 82 percent of households earning more than $100,000 and 79 percent of white collar Americans read newspapers. Now, how to translate that into revenue?
Saturday, December 12, 2009
New media making old media mistakes, again
I've held off commenting about Facebook's latest privacy mistake (actually, it's a privacy attack) because it's such an easy target. The company, clearly attempting to increase its profits, unilaterally puts into effect sweeping changes that opens our information to the world, then retreats little bit, but still leaves us unsure about what actually is happening with our information, which is why you won't find much personal information on my site and, frankly, shouldn't find much on your's either.
But as I was reading some of the comments today (more than 150 news stories on Google news) and noting a question on Twitter by my colleague and new media advocate Linda Menck about the future of Twitter, I was once again struck by the way lousy American business executives seem bent on ruining their media product by stupidity and total disregard for the customer. New media is being run just as stupidly as old media, and, frankly, it faces the same bleak future.
My personal concerns are (1) privacy, (2) commercialization, (3) privacy, (4) arrogance in changing my settings without any approval, (5) privacy, (6) attempts to harness my history to specific advertisers, (7 and a hundred or so more) privacy. Yes, I suppose it's nice for advertising to be targeted to my interests. But it doesn't really seem to match up. And I end up questioning the need for everyone to know just when I look online as well as what I share with my family and friends. Linda decries the commercialization of Twitter (I was tweeting about an earlier post on this blog; that could be commercialization, I suppose), and she's correct. She asks what the answer? It's not out there as of now.
But as I was reading some of the comments today (more than 150 news stories on Google news) and noting a question on Twitter by my colleague and new media advocate Linda Menck about the future of Twitter, I was once again struck by the way lousy American business executives seem bent on ruining their media product by stupidity and total disregard for the customer. New media is being run just as stupidly as old media, and, frankly, it faces the same bleak future.
My personal concerns are (1) privacy, (2) commercialization, (3) privacy, (4) arrogance in changing my settings without any approval, (5) privacy, (6) attempts to harness my history to specific advertisers, (7 and a hundred or so more) privacy. Yes, I suppose it's nice for advertising to be targeted to my interests. But it doesn't really seem to match up. And I end up questioning the need for everyone to know just when I look online as well as what I share with my family and friends. Linda decries the commercialization of Twitter (I was tweeting about an earlier post on this blog; that could be commercialization, I suppose), and she's correct. She asks what the answer? It's not out there as of now.
Reporter's firing prompts criticism
Another case where a reporter's private views cost him a job involves a Catholic reporter and a gay-lesbian support group, and raised once again the question of how the freedom offered in new media (in this case a private email from a non-work account) can affect journalists.
The reporter, Larry Grard, was fired by his newspaper, the Waterville Morning Sentinel, in Maine, after he wrote an email responding to a press release from the Human Rights Campaign decrying Maine's vote denying same-sex marriage. The newspaper also cancelled a free-lance column his wife wrote.
Certainly we've long had ethnics policies saying reporters shouldn't get take positions in political situations, but this case -- especially the cancelling of Grard's wife's column -- brought the issue up again.
The reporter, Larry Grard, was fired by his newspaper, the Waterville Morning Sentinel, in Maine, after he wrote an email responding to a press release from the Human Rights Campaign decrying Maine's vote denying same-sex marriage. The newspaper also cancelled a free-lance column his wife wrote.
Certainly we've long had ethnics policies saying reporters shouldn't get take positions in political situations, but this case -- especially the cancelling of Grard's wife's column -- brought the issue up again.
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