The document outlines strategies discussed at a media management conference on innovative strategies in print and online media. Key points discussed include:
1. Publishers worldwide face unprecedented disruption from social media, mobile shift, and ad blocking. Journalists face economic uncertainty and decreasing trust.
2. Print strategies discussed reinventing print for profit through product adjustments, brand diversification including educational projects, events, and supplements.
3. Online strategies must focus on video, newsletters, social media, and developing a mobile focus. Paid content strategies include freemium models and memberships.
4. Integrated newsrooms bring together print and online teams and may include new roles like social media editors. Organizational models vary
8. Who are you?
1. Medium?
2. Ownership
3. Bottom line?
4. Audience?
5. Sources of revenue?
6. Brand distinctions?
7. Editorial team(s) and roles?
8. Workflow?
9. Visuals (photos, videos, design)?
10.Objectives?
9. Main Topics
1. Overview of World Media and Tech Trends
2. Diversified Media Brands
3. Print Strategies: Education and Events
4. Print Strategies: Supplements, Specials,
Books, Newsletters, Client Publishing
5. Paid Content on the Internet
6. Online trends and strategies: video, mobile,
newsletters, social media, ad blocking, fake
news, etc.
7. Integrated Newsrooms
10. Business First
Only economically healthy media with clear
business goals can be free and trustworthy.
Do not build institutions, build enterprises.
Even if you depend on sponsors, behave like
entrepreneurs.
Fight for new revenue, but be tough on costs.
Do not spend a single hryvnia without a reason.
Careless investment kills media.
There are too many visionaries in the media. In
crisis, don’t be afraid of short-term thinking.
11.
12. 1. World Media and Tech Trends
World Press Trends 2016 by WAN-IFRA
Reuters Institute Digital News Report 2016
There are no universal recipes. What works in
one market, doesn't necessarily work in another.
13.
14. 1. Summary
Publishers across the world are facing
unprecedented levels of disruption to business
models from a combination of the rise of social
platforms, the move to mobile and growing
consumer rejection of online advertising.
Journalists are facing unprecedented level of
economic uncertainty and decrease of trust.
32. 1. Summary
Publishers across the world are facing
unprecedented levels of disruption to business
models from a combination of the rise of social
platforms, the move to mobile and growing
consumer rejection of online advertising.
Journalists are facing unprecedented level of
economic uncertainty and decrease of trust.
33. 1. Summary
Social Media
51% say they use social media as a source of
news each week. Around one in ten (12%) say
it is their main source. Facebook is by far the
most important network for news.
More than a quarter of 18–24s say social media
(28%) are their main source of news – more
than television (24%) for the first time.
34. 1. Summary
Ad Blocking
Business problems for many publishers have
worsened with the rise of ad-blocking, which is
running at between 10% (Japan) and 38%
(Poland) but higher amongst under-35s and
people who use news the most.
Only around 8% of smartphone users currently
use an ad-blocker but around a third say they
plan to install one on their mobile.
35. 1. Summary
Paying for news
Most consumers are reluctant to pay for
general news online, particularly in the highly
competitive English-speaking world (9%
average), but in some smaller countries
(Norway, Poland), protected by language,
people are twice as likely to pay.
Average payments tend to be highest in the UK,
the US, Australia, and in the Nordic countries –
where ongoing subscriptions are common.
36. 1. Summary
Trust in the news
Trust in news is highest in Finland (65%) and
lowest in Greece (20%). Almost everywhere,
editors and journalists are trusted less than
news organizations.
Consumers want automatically personalized
news and more algorithmic selection, even if
they worry this will mean missing out on
important information or challenging viewpoints.
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43.
44. 2. Print Strategies
Michael Crichton wrote in Wired in 1993 that
printed newspapers will die out by 2003.
Prof. Philip Meyer Forecasted that the last
newspaper will be closed by 2043.
45. 2. Print Strategies
How to reinvent print for profit?
Product and Organizational Adjustment
review of all costs, costs allocation in favor of
more profitable activities
Synergies natural to the brand and the
consumer expectations
Brand Diversification New Revenues
46. 2. Print Strategies
Do Your Homework: Product and
Organizational Adjustment
Do not start with firing staff, esp. journalist
List detailed questions about the physical qualities of
the product (e. g. number of pages, quality of paper,
etc.), price, distribution channels, marketing
List detailed questions about the content (editions,
sections, authors, time spent, etc.)
Ask the readers (surveys, polls, focus groups)
Ask the advertisers
Check the adequacy of the editorial and sales teams
Apply merciless procurement
47. 2. Print Strategies
Use the revenue Potential: Brand
Diversification
Consider activities that match your brand
Consider activities that bring synergies
Consider in-house projects and acquisitions
48. 2. Print Strategies
Educational Projects: daily language courses,
legal courses, medical courses, preparatory
courses for high schools and universities,
historical series
EPs bring added value,
target groups across age and social strata,
originally drive newsstand and subscriptions sales,
later become source of new revenue through digital
sales, books and real life courses
51. TV Spot English Language Course
https://drive.google.com/file/d/0B_D2CmAHA4bkSXNrR
UZTVXJHZjQ/view?usp=sharing
TV Spot Monarchy Series
https://drive.google.com/file/d/0B57OtsF-
mcEIbGQ5a3VoMlZGd3M/view
Educational Projects
55. Events
Conferences, congresses, breakfasts, brunches,
dinners, talks, expos, video webchats
Topics that match your brand
Sources of revenue: sponsors and guests
Packages with adverts and other services
Media coverage
2. Print Strategies
56. Events
Next level: Become supplier offering tailored events to
clients: either brand-led or consumer facing ones
2. Print Strategies
57. 2. Print Strategies
Events: Examples
FINANCIAL TIMES LIVE https://live.ft.com
MAFRA EVENTS http://www.mafraevents.cz/
КОММЕРСАНТ БИЗНЕС-ФОРУМ http://kommersant.ru/doc/2525255
BAUER MEDIA EVENTS UK https://www.bauermedia.co.uk/more-from-
bauer/events
58. Supplements, magazines, bookmags, books
Specials are one of the main tools how to work with
advertising clients in times of distress
Be careful with of topics, costs, “cannibalization”
2. Print Strategies
59. Supplements, magazines, bookmags
Multitude of topics:
- Regulars: Education, Medicine, Women, TV, Business
Sector, Regions, Leisure, Sports, etc.
- Specials: Important Event, Anniversary
- Newsletters via e-mail
http://www.forbes.cz/espresso/
http://us9.campaign-archive2.com/?u=5b8c945a2a8bd4124bbe2c1cc&id=c7cf8b2682
Look for synergies: distribution, sales, content
2. Print Strategies
60. Lidové noviny: structure
2. Print Strategies
Mo - Friday
1 book, 20 pages
Sat
4 books, 36 pages
64. Client Publishing
Branded content is booming. Companies create their
own B2C or B2E magazines, websites, FB pages, etc.
Special unit dedicated to production of both commercial
specials (supplements, advertorials, ads) and separate
client publications.
Supports sales department. Improves customer
relations and closes 360 degree service circle
Brings new revenue
2. Print Strategies
67. 3. Paid Content
Readers are increasingly reluctant to pay for
general news online.
In the US the percentage paying for online
news has fallen from 11% to 9% as some paid
experiments reverted to free (NYT app) and
some paywalls have been abandoned. In the
UK, paywall strategies have been reversed
(e.g. The Sun), others started focusing on
membership/premium content (The Guardian).
Readers are more willing to pay for specialized
content with added value.
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70.
71. 3. Paid Content: Examples
Paywalls and freemium
Q: How to charge readers without lowering traffic
and ads revenue.
A: Freemium. a pricing strategy coming from
gaming and software business by which a product
or service is provided free of charge, but
money (premium) is charged for special features,
functionality, or sections.
72. 3. Paid Content: Examples
Paywalls and freemium
FT
https://next.ft.com/
THE TIMES
http://www.thetimes.co.uk/
73. 3. Paid Content: Examples
Coexistence of strong free web and paid site
under one brand
GAZETA WBORCZA
http://www.gazeta.pl/
http://wyborcza.pl/
LIDOVE NOVINY
http://www.lidovky.cz/
http://www.lidovenoviny.cz/
74. 3. Paid Content: Examples
Digital subscription and packages
FT
https://next.ft.com/products
HOSPODARSKE NOVINY
https://predplatne.ihned.cz/
MF DNES
http://www.mfdnes.cz/
75. 3. Paid Content: Examples
Memberships and clubs
THE TIMES
http://www.mytimesplus.co.uk/
THE GUARDIAN
https://membership.theguardian.com/
iDNES.cz
http://icka.idnes.cz/
76. 3. Paid Content
Marketing
The key: readers’ database, collect date,
especially e-mails, whenever possible
Registration
“Bombarding” with offers
Engagement: polls, games, sharing information
83. 4. Online Strategies
Think mobile
When redesigning,
design your mobile
page first
When preparing
content, think of mobile
users first
Offline verison for
metro, etc.
85. 4. Online Strategies
Video, video, video
But what kind of video?
Exclusive https://www.facebook.com/Channel4News/videos/10153587782856939/?pnref=story
Emotional https://www.facebook.com/ajplusenglish/videos/681614471980063/
Engaging http://www.nytimes.com/video/dining/100000004469317/banana-
pudding.html?playlistId=1194820411913
Useful http://www.playtvak.cz/dcera-politicky-v-pornu-mama-to-dela-taky-ff7-
/telebrity.aspx?c=A161202_163132_telebrity_kuko
Expensive? Not necessarily.
https://www.facebook.com/NowThisNews/videos/1700393340174045/
https://www.facebook.com/Lidov%C3%A9-noviny-231702800367893/videos
https://www.theguardian.com/football/video/2016/jun/16/euro-2016-match-preview-ukraine-northern-ireland-video
86. 4. Online Strategies
Video, video, video
But what kind of video?
Short: http://expresso.sapo.pt/multimedia/259
But also slow: http://slowtv.playtvak.cz/
87. 4. Online Strategies
Video, video, video
Create a media hub that concentrates all your
production. You can brand it a web TV and it
actually is the first step in this direction:
http://video.aktualne.cz/
https://charlierose.com/
https://www.stream.cz/porady
88. 4. Online Strategies
Newsletters
Big driver of direct traffic, but also big data
collector and advertising tool. Moves your thinking
from “clicks to clocks”.
http://www.nytimes.com/newsletters
Podcasts
Much cheaper, used mostly in cars,
91. 4. Online Strategies
Social Media “The stories that come
through are usually the
breaking stories that I
would otherwise have to go
to NewYorkTimes.com.
Now I don’t.”
(35–54 year old, US Focus Group)
“A lot of the breaking news I
find through Facebook or
Twitter now. It’s really crazy.
Like when David Bowie
died.”
(35–54 year old, US Focus Group)
92. 4. Online Strategies
Social Media
Social Media Editor
- Manages your SM accounts, the worst account
is the dead one
- Selects social media content, not all content
you produce is suit for SM
- Creates SM engaging content
- Monitors SM and comes up with news
suggestions
- Monitors competitors
- Trains the rest of the editorial team
93. 4. Online Strategies
Social Media: Tips and Hints
- Do not push, but pull (engage)
- Measure engagement, e.g. Likealyzer.com
- Best Timing: In the Czech Republic it is Thursday
between 12:30 and 13:00
- Mobilize/Create SM personalities from your team
- Pix and of course videos
- Accounts for sub-brands (magazines, webs)
- Use the archive
- Repost
96. 5. Integrated Newsroom
Newsrooms are and will be different.
There is nothing like “one model fits all” even in
one country
My own experience with print-online integration:
- Universal reporters
- Platform specialized news producers (domestic,
foreign, business, sports)
- Universal supplements producers (lifestyle)
- New positions (social media editor, visual
editor)
97. 5. Integrated Newsroom
Do not scare people: Instead of “Look, you
have to go this way, otherwise you lose your
job” - ‘You are our best assets, this is a chance
for us.”
- Explain
- Train all the staff
- Measure their involvement