Google Fast Flip as the New News Stand
Labels: magazines, newspapers, online
A spot about the business of writing as seen by a freelance writer. That includes marketing, sales, contracts, copyright, planning, research - in short, the business end of writing.
I'm an independent writer and photographer who covers business, food, technology, books, media, general features, and pretty much anything appealing that results in a signed check. My work has appeared in such places as the New York Times Magazine, Newsweek, Newsweek Japan, Fortune, Inc, Fortune Small Business, the Financial Times, Advertising Age, Saveur, US News & World Report, and Continental
Labels: magazines, newspapers, online
Labels: media, newspapers, Picard, value
Labels: interactive, magazines, markets, newspapers, radio, television
Labels: economy, newspapers
When a company like NYTCo is healthy and generating cash, none of this really matters. The New York Times's value isn't in buildings or land--it's in the value of the brand and ongoing business, which aren't reflected on the balance sheet. Now that NYTCo has gotten itself in a financial pickle, however, the balance sheet and current cash flows matter a lot.That doesn't count the potential cash value of such properties as the Boston Globe, which it's been trying to sell off, but who wants to buy a newspaper these days? The short term view is the real killer, because by May it could be facing this big deficit in a tough credit market.
The NYT's "current ratio"--current assets vs. current liabilities--is now about 1 to 2, which is horrible (In the next year, the company will be required to pay out more than twice as much value as it has on hand). For comparison, a robustly healthy company, such as Google, has a current ratio of 8 to 1. Even General Motors has a better current ratio than the NYT.
Labels: marketing, markets, New York Times, newspapers, planning
On top of long-term changes in the industry, the weak economy is also hurting ad sales, especially in Florida and California, where the severe contraction of the housing markets has cut deeply into real estate ads. Executives at the Hearst Corporation say that one of their biggest papers, The San Francisco Chronicle, is losing $1 million a week.If you're still writing for newspapers as anything more than a hobby or outlet of self-satisfaction, it's time to rethink your business model - quickly.
Over all, ad revenue fell almost 8 percent last year. This year, it is running about 12 percent below that dismal performance, and company reports issued last week suggested a 14 percent to 15 percent decline in May.
Labels: markets, newspapers, strategy
Labels: newspapers, online, web, Web 2.0
Labels: markets, newspapers, strategy
There are signs that online revenue is beginning to slow as well. Internet ad revenue in 2007 grew 18.8% to $3.2 billion compared to 2006. In 2006, online ad revenue had soared 31.4% to $2.6 billion. In 2005, it jumped 31.4% to $2 billion.It is true that growth rates will, eventually, slow as the pot gets bigger. However, when online advertising is jumping by 20 percent according to Jupiter Media, you really don't want to see newspapers lagging behind.
As newspaper Web sites generate more advertising revenue, the growth rate naturally slows.
Labels: advertising, markets, newspapers, online
Last week, [hedge fund Harbinger Capital Partners] said it is nominating a slate of candidates for the company's board because Media General "has lost strategic, operational and geographic focus in recent years," according to a filing with the U.S. Securities and Exchange Commission.When a hedge fund wants to place directors on a board, it's generally because it doesn't see enough short term profits from the company, which could turn into return on its investment. The changes the directors might push for could run from smarter strategic directions to cost cutting and even selling off properties.
Labels: economy, marketing, markets, newspapers, strategy
Labels: business models, newspapers
Labels: contract, newspapers, review
Labels: markets, newspapers, strategy
John Squires, executive vp, Time Inc., said that while he’d like the company’s sites to “crawl up in terms of scale,” he’s happy with their rank in engagement and revenue per user. Speaking today at a Time Inc. Digital Showcase, he noted that according to Time Inc.’s own ranking, the company’s sites come in 15th among media companies in terms of time spent per visitor.Happy with revenue per user? To me, that generally means that someone is making a good amount of money. Newspapers and magazines see pretty serious revenue from the web. So when were the publishers going to admit it to the writers?
Labels: magazines, newspapers, online, strategy
But this so-called “law of large numbers” is not the whole story. As for the rest, "it is all to do with classified upsells," analyst Paul Ginocchio of Deutsche Bank Securities, wrote me in an e-mail. Classifieds are the leading edge of the bleeding in print advertising, with losses substantially worse than even pessimists had forecast for 2007. Unfortunately, as Ginocchio notes, classifieds typically make up about 70 percent of the typical newspaper site’s online ad revenue.In the view of Edmonds, newspapers will need some significnatly new strategies - not more porting paper to pixels. He has some observations and recommendations worth reading. As always, no single piece of information should determine your business strategy. But, put together, they help to give some view of the near and mid-term futures of your industry.
Labels: magazines, markets, newspapers, strategy
Labels: newspapers, online, strategy
Labels: magazines, market research, newspapers, periodicals
Labels: contracts, editors, magazines, negotiation, newspapers, periodicals
This report comes on the heels of NAA’s spring 2007 Newspaper Audience Database (NAdbase) report, research that analyzed the total audience (print readership and online usage) of the nation’s top 100 newspapers. NAdbase, released April 2, revealed that on average Newspaper Web sites have helped drive a 13.7 percent increase in total newspaper audience for 25- to 34-year-olds and a 9.2 percent increase for 18- to 24-year-olds (according to data from Scarborough Research).Those demographics are big deals to advertisers, who are the ones ponying up the money to make the sites run, and supposedly represent unique visitors, even taking into account those who might show up both at home and at work. There's certainly an axe to grind for papers that want to remain relevant, but that's fine. When the editor says "We need the web," answer, "Yes, I've seen the figures - and I need to make a living."
Labels: Internet, newspapers, web
Labels: blogs, magazines, markets, newspapers, research