September 14 2009

A friend of mine in the ad business had a great line for the newspaper business: 'it's like rearranging deck chairs on the Titanic'. Such a perfect description. The lumbering giants cannot move fast enough to change the business model. Working right now with a property (that shall remain nameless, of course) that won't or can't work with me on a cost per click rather than impressions basis-and this for a unique ad that no one else is doing. They would be showcasing not only the ad, but their ability to run it and generate results. And you wonder why the newspaper business is suffering.

Paying for content is another. I finally figured out why this has me so fired up; I'm not going to pay for something that doesn't have any value for me. And quite frankly, most major publications have still not shown it in paid content. However, several specialty publications like Runners World are moving to a hybrid pay model; bundling interactive tools like show reviews and marathon training with a print subscription for one price.

According to a recent survey from the American Press Institute, 51% of publishers believe they can successfully charge for content. 68% of publishers thought that if they charged for content, users would have a difficult time finding content elsewhere, 38% would limit full story access and 28% would build a micropayment system for specific article purchase. Poll was completed by 118 newspapers of various sizes in small, medium and large media markets.


I think what's happening is publishers will start limiting access to content, watch their audience shrink and lose precious advertising revenue. Find a way to bundle and bring value to the product in new and innovative ways for both consumers and advertisers. Show some creativity and value and then, guess what- you can have your cake AND eat it too -:)