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Senior Editor

Pub Talk

By James Sturdivant

About James

 

Publishers' Dojo

Linda Ruth
What the Streamys Can Tell Us About Publishing Today (Hint: It's Not All Bad)
Sep 17, 2014

Joss Whedon fans may revere as literature his 2008 classic, Dr. Horrible's Sing-Along Blog; but most of us in publishing don't...



Media Vent

Bob Sacks
Time Inc.’s Editors and Their Damned Church & State
Aug 25, 2014

Last fall Joe Ripp, the new Time Inc. CEO, told his editors that they'd be reporting to the business side...



B2B Beat

Andy Kowl
The Impact of LinkedIn Buying Bizo
Aug 12, 2014

If B2B publishing was a different industry, the prospect of LinkedIn buying Bizowould invite anti-trust scrutiny. Just think about what might...



The Digital Market

Thea Selby
Top 5 Mobile Trends for Publishers—It’s Good News, Folks
Jul 7, 2014

Mary Meeker of Kleiner Perkins Caufield & Byers is one of my s/heroes. In this day and age of branded...



Industry Insiders

The Insiders
New York Times ‘Innovation Report’ Points Way to Digital Future
May 23, 2014

The leaked New York Times Innovation Report highlights the challenges it is facing in the digital age, but more importantly, it echoes...



Publisher's Paradox

Andrew Davis
Publisher’s Paradox: Your Newsletter Subscribers Are Being Overfed
Apr 28, 2014

Charlie Magazine, based in Charleston, South Carolina, isn't asking its readers to subscribe to everything. Instead, Charlie is inviting readers...



Profit from Publishing!

Thaddeus B. Kubis
Media Conference Exhibitors Should Go Deeper to Engage
Oct 9, 2013

It has been a few weeks since I attended (as the guest of the event organizer) the Publishing Business Conference...



Newspapers Confront Competing Realities

 
Mike Bloomberg and Rupert Murdoch both love newspapers. Murdoch loves the Wall Street Journal so much he bought it (even though he thought the articles were a bit long), made it lose weight, trussed it up a bit with color and reshaped it into a general interest newspaper.

Bloomberg speaks lovingly of the Financial Times. When asked recently if he might buy the paper, he responded "I buy it every day!" (Talk about a hedge.) His staff loves it too, believing it would be a game-changing platform for Bloomberg's high-quality content, creating a new global forum for deep dives into business and finance that could, the thinking goes, fill a niche left underserved by Murdoch's changes to the WSJ.

It all makes so much sense—except financially. And here's the rub for the media business. A company produces an excellent product, which people love. There's synergy (to use a cursed term) with the business operations of a potential deep-pocketed buyer. Yet, it's still a tough sell, because it doesn't make a lot of money. When quality and passion—even profits (but not much growth)—can't get people to open their checkbook, what can?

Newspapers, whatever they try to tell you, are far from out of the woods, because it is still the case that digital advertising revenue cannot approach what can be earned from print. It's not even close. It may be an old story at this point, but it's no less critical an issue than it was a couple of years ago. Markets pay attention to trends, and even a paper with 600,000 subscribers and a robust paywall is a tough sell, because as subscribers move from print to digital, the ad revenue does not keep up. Without huge spikes in either subscribers or ad rates, the line will continue to point in the wrong direction.

Maybe Bloomberg could bring those new subscribers. Maybe ancillary products, licensing, services and events could fill the gap. Maybe—but it's a risk. Maybe Mayor Mike should get Warren Buffett on the horn.

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