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Archive for the ‘newspapers’ Category

Is ‘Digital First’ a good strategy?

Monday, April 18th, 2011

This might be the equivalent of trying to stop a speeding locomotive, but I think that this whole “digital first” mantra is killing the local news industry.   Newsrooms across the country seem to be obsessed with it, thrusting camcorders into reporters hands and urging them to get something on Facebook and Twitter post haste so they can be first to break the news.

If I were one to mix metaphors, I’d say they’re goring the cow that feeds them while simultaneously tilting at windmills.  If I were to speak in disruptive technology lingo, I’d say they were engaging in a lot of cramming.

First off, newsrooms shouldn’t be dictating what local TV stations and newspapers do on the Internet.  The obsession with shoving news content and commentary onto the web – with advertising as an assumed result – has caused them to miss richer opportunities.

Terry Heaton, senior vice president of Media 2.0 for media consultancy AR&D, has been a big proponent of getting TV stations to deliver “continuous news” via the web.  So you’d think he’d be a big proponent of news organizations thinking about the web before anything else.  Not so.

“To me, ‘digital first’ can’t work, because digital and legacy are two entirely different services,” Heaton responded when I sent him an advance copy of this blog.  “Trying to put digital first when your operating process is ‘finished product’ is not only silly; it’s suicide.”

Heaton says that his Continuous News innovation “is born of the Web for the Web, which is unlike what everybody else is doing. Even with that, though, we have GREAT difficulty gaining acceptance, because their instinct is to bolt digital onto the old.”

What’s happening, I believe, is that the local news industry is unwittingly engaging in the cramming phenomenon. They’re taking the old product and trying to adapt it to the new technology in what appears to be radical strokes, instead of letting the old model run its course and crafting a completely new one.  It’s the same “digital first” mentality that had Britannica.com 15 years ago appearing to be radical by electing to sell low-priced CDs and online access over higher-priced encyclopedia books – thereby entirely missing cake-eating opportunities like Wikipedia and Google.

Forcing local news down into the digital space hastens the erosion of their core products unnecessarily.  The industry is defining news much the same narrow way Britannica defined research.

Local news isn’t the brass ring on the Web.  There are two problems with it:  First, it’s not as big of a draw that everyone thinks, and second, the value of its audience is relatively low.

News indeed attracts millions of adults every day, but that’s mainly national news.  Local news only appears to be a big draw until you extract weather and traffic.   If you factor those out, you’ll see just how small and eclectic the audience is for the traditional definition of “local news.”

To understand this issue, consider the posture of media consumers.  With TV, radio, newspapers and magazines, they lean back.  They’re receptive to the serendipitous nature of those media.   With the Internet, they’re leaning forward.  They’re focused seekers, not relaxed readers.  They seek, find, leave.  The only other medium like that is the yellow pages.  The problem is, local news just isn’t that compelling (unless of course there is BIG local news, which is rare.)

Why is posture important?   Seventy-nine percent of online news users say they’ve never or rarely clicked on a banner ad, according to Pew Research.  In addition, research from Web design expert Jakob Nielsen shows that people looking at information sites rarely even see banner ads.  They are leaning forward and hunting, eyes focused on what they’re reading, and not focused on anything else.

I don’t see the economic model for local news online.  It’s labor intensive, and advertisers aren’t looking to buy nebulous traffic.  But it’s not my opinion that matters.  It’s the opinion of those who finance all those journalists:  advertisers.   And their votes are clear.  The digital content that they’d rather be around is content that delivers wallet-ready consumers, not occasional news browsers.   Half of the Top 20 sites in terms of local online ad revenue are advertising-only sites.   The Top 5 have nothing but advertising content.   (See our latest report, “Benchmarking Local Online Media: 2010 Survey,” March 2011.)  Looking at the data of 4,800 sites in that survey, I saw one startling example where a news-oriented TV website with 400,000 monthly uniques was making the equivalent of $10 per unique visitor, while another site in the same market with fewer than 20,000 monthly uniques – a niche site with advertising-only content — was making $150.

So here’s my take on what happened in that market:  The TV site chose to expend its resources cramming the news model onto the web, thereby missing the niche opportunity altogether.  Why would they bother with a site that generated less than one-tenth the traffic and had no intrinsic “news” value?

Those who have adopted the digital first news mantra, I fear, are doing exactly what Clay Christensen described in his “Innovator’s Dilemma” was one of the principal ways that smart managers fail.  They adopt the new technology within the framework of the existing business model, making what appear to be radical changes that are actually just modifications to the existing business model.

I’m all for great journalism.  My wife and I have been writers and editors for various metro newspapers, and I’m not ashamed to say that we were both moved to tears when we visited the Newseum in Washington last summer.  Radio, TV and newspaper journalism has done great things for the world.

But journalism, like Britannica’s encyclopedia business, is a controlled product.  The Internet’s role in doing great things revolves around uncontrolled communications.

As for the whole digital first journalism thing, I do believe that the local news franchise will gradually move to tablets and that newsrooms should be experimenting with ways to migrate to that end game.  In a few decades you will probably be able to Google “the death of local news on TV and in newspapers” and read how it all just eventually collapsed.

But I guarantee you that nobody’s going to Britannica it.

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Thought bubbles from the crowd

Monday, March 7th, 2011

Our conference in New York last week created quite a buzz.  We had 1,578 attendees, two-thirds of whom watched via live streaming.  I think that must be some sort of record.

In the spirit of the Internet, rather than trying to be one of those pompous “thought leaders,” I thought I’d let the attendees furnish the highlights.  I’ve distilled more than 400 Twitter comments into a few dozen that seemed the most poignant.  Their 140-character thought bubbles appeared as they listened to more than 50 presenters.  (To see all of the comments, go to www.twitter.com and search #loac2011.  To sort through them, add the speaker’s name or a topic after the hashtag, such as “#loac2011 Christensen,” “#loac2011 hyperlocal” or “#loac2011 mobile.”

I’ve classified them into four categories:  Innovation & Media Strategy, Mobile, Hyperlocal, and Companies.

Innovation & Media Strategy

  • “These traditional media panelists saying right things.  I’m skeptical about their ability to execute and actually create change.”
  • “Shelly Palmer:  Nobody is going to get a raise by innovating. We get paid by making our numbers. At the heart of the local media prob.”
  • “Even the most efficient dinosaur is still extinct: Prather”
  • “There is no such thing as breaking news on the 5 o’clock news anymore. Somebody broke the news from an iPhone 4 hours ago: Bob Prather”
  • “Recurring message: Digital media must have its own separate business unit to survive.”
  • “Leveraging business models of past is foolish…need to understand the job to be done and build new ones…Clay Christensen.”
  • “Business models evolve; business units don’t:  Clay Christensen.”
  • “Big companies survive biz disruption by setting up a separate biz unit, giving it a charter to kill the parent.”
  • “Convergence is difficult to implement at best, and in a lot of ways a myth:  Gordon Borrell”
  • “Promotions now disrupting advertising according to Borrell. Represent 59.7% of all marketing dollars today.”
  • “Distuptive innovations: Big guys more toward highest profit. Little guys nibble at the niches until there is no whole piece left.”
  • “Today’s consumer really doesn’t care about the media company.  They just get what they want and move on.”
  • “Media is becoming a platform for specific audiences, not just content aggregated and pushed out for all to sort through.”
  • “Powerful point:  Shelly Palmer said you don’t need a website, you need a database.”
  • “Love this line from Shelly Palmer: Kids consider email a formal letter.”

Mobile

  • “Check-ins are very low on the mobile totem pole.”
  • “Almost half of all mobile phone/Internet use occurs at home.”
  • “17% of mobile users have shown a clerk in-store a picture of a product on their phone.”
  • “Mobile CTRs up to 20x more on HopStop mobile vs. website.”
  • “Don’t let crappy ads ruin your mobile site.  It teaches users to ignore ads, says Greg Stuart”
  • “2010-2020 is the decade of mobile:  Ben Wood, Google”
  • “75% of marketers say they will increase spending on mobile in 2011.”
  • “1.5 billion computers, but 1.8 billion smartphones.”
  • “Ben Wood, Google: Local is at the heart of user search.  1 in 5 searches have local intent. 1/3 mobile searches have local intent.”
  • “Mobile is very likely the missing piece for local. Local online advertising seems antiquated at this point.”

Hyperlocal

  • “Warren Webster says investing in qualified journalists will set Patch apart with hyperlocal.”
  • “Rick Blair says a low-cost operations model sets Examiner.com apart from newspaper models.”
  • “Wow.  Examiner.com – 243 markets, 70k contributors, 3k articles/day, 25MM monthly uniques, 75MM monthly pageviews.”
  • “Advertising vs. promotions:  Patch seems to be leaning towards promotions.”
  • “Webster:  Patch hired more professional journalists in 2010 than any other media entity.”
  • “Gilbert: If all you do is write for print, you are not a good journalist. Amen!”
  • “Shelly Palmer:  There is no such thing as hyperlocal, only hyperpersonal.  I don’t care about location, I care about ME.”

Companies

  • “David Krantz at AT&T Interactive:  Print $3 billion and shrinking; interactive $1 billion and growing.”
  • “Ouch.  Chip Perry:  76% of media dollars being spent on media that are driving 8% of car sales.”
  • “Heath Clarke of Local.com says self-serve subscription model didn’t make enough money.”
  • “Michael Golden: NYT regional publishers disagree on whether to institute online paywall.”
  • “Michael Golden says NY Times wants to be the shopping mall.”
  • “Local Mazda dealership tracked 100 sales to a Facebook check-in deal over a period of a few weeks.”
  • “Miller: Groupon used to be all about the transactions.  Now we focus heavily on the relationships.”
  • “Patch has acquired Outside.in.  The two CEOs share the stage at the Borrell conference.”
  • “Yahoo email login page brand takeover ad unit will be locally targeted next month.  This could be powerful local branding ad.”

Lots of great thoughts there!  If you missed the conference, don’t worry.  We videotaped the live stream and will make it available until April 5.  To see it, go to www.borrellassociates.com/loac2011/onlineticket.php.

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Groupon vs. newspaper? No contest!

Tuesday, January 25th, 2011

I tried a new restaurant in Fort Lauderdale thanks to a Groupon offer that I purchased last week, and in the process found out something fascinating about the restaurant’s experience.  It started with the mom of a Groupon executive, and ended with 431 people coming in the door … and the restaurant owner comparing the results to a coupon she advertised in the local newspaper.

Let’s start at the beginning.  When I got the offer this week for On The Menu Café,  I jumped on the deal. The restaurant had two things going for it:  It was two blocks from my favorite comic shop, and it served organic food (which I didn’t know until I read it in the offer).

When I spoke with the owner, she told me that a Groupon exec from Chicago was visiting his family in Fort Lauderdale when his mother suggested they visit the new restaurant.   He did, and thought the food was so good that he wanted to help the new business by sending a few hundred customers their way.  Groupon normally doesn’t take new restaurants.  The number of Groupon walk-ins can be overwhelming if the restaurant is not experienced enough to handle it.  The exec thought this particular restaurant could, and that the experience would be great for Groupon customers. (Having eaten there, I agree.  The food is exquisite.  It’s the kind of place you hope catches on so that you can keep returning.   I checked in on Facebook to help spread the word, too. )

I asked the owner about her experience with Groupon.  The deal was offered on Jan. 17th, and they sold 431 Groupons.  She said that they’ve already, in just one week, had a few people come back a second time.  Regarding the visits when a Groupon was redeemed, she said they hadn’t made or lost any money, and that she was very happy to know that 431 people would try her food, maybe more if you count the friends they bring along.

Here’s the clincher – and a bad one at that for the local newspaper, the Sun-Sentinel.  She compared her Groupon experience to the $1,000 she spent with the paper to put a Buy 1 Get 1 Free coupon in the Clipper.  She said four coupons were redeemed, costing her $250 per table served.

When I got home, I read an article about Groupon on Mashable.com in which founder Andrew Mason indicated that he thought Groupon knock-offs were having trouble reaching high quality advertisers when compared to Groupon.  I won’t argue with this.  I see Groupon as the Rolls-Royce of daily deals, but there’s a huge share of market that can be profitably captured in the local deals space when you compare the performance gap between a locally distributed coupon book to Groupon.  The urgency and scarcity associated with these daily deals, reinforced by a large e-mail database of deal seekers, make them very attractive to local publishers.

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