The Future of Print

The Future of Newspapers

Posted in Doom, Tablets by futureofprint on July 7, 2011

A review of Apple’s App Store in May 2011 found more than 200 iPad apps offering local U.S. news content. Fifty-seven percent of newspaper publishers surveyed by the Audit Bureau of Circulations said that they “have plans to develop an iPad app in the next six months.

So far, mobile devices have not proved to be a major source of revenue for news outlets, neither through advertising nor paid applications, but news organizations are still experimenting with different business models.

 

 

 

 

 

 

via dailywireless.org » The Future of Newspapers.

Print ad revenues declined 9.5%

Posted in Doom by futureofprint on June 23, 2011

According to the Newspaper Association of America, total print ad revenues declined 9.5% in the first quarter to $4.75 billion, marking the 19th consecutive quarter of declines for newspaper print ad revenues. That compares to an overall 4.4% increase in ad spending across all media, according to Kantar Media, to $32.5 billion — the fifth consecutive quarter to see a year-over-year increase on this broad-based measure.

via MediaPost Publications Gannett: Cuts 700 Positions, CEO, COO Pay Doubled 06/22/2011.

MediaPost Publications Black, White and Red All Over: Newspaper Ads Dive 06/02/2011

Posted in Doom by futureofprint on June 2, 2011

The first quarter of 2011 brought no relief for the newspaper industry, which suffered another round of declines in print advertising revenues.

The first-quarter results from the Newspaper Association of America stand out against a general recovery in ad spending for other media, and suggest that newspaper print ad revenues are locked into a permanent, long-term decline.

Total print advertising revenues fell 9.5% from $5.25 billion in the first quarter of 2010 to $4.75 billion in the first quarter of 2011, according to the NAA — the lowest first-quarter revenue figure since 1983.

Those stats are down 55% from 2006, when total first-quarter print revenues came to $10.5 billion. This marks the 20th straight quarter of year-over-year print revenue declines.As in previous quarters, the losses were spread across all of the main advertising categories. National advertising fell 11% from $1.04 billion to $924 million; retail fell 9.5% from $2.95 billion to $2.67 billion; and classifieds fell 8.15% from $1.25 billion to $1.15 billion.

Within the classifieds category, automotive slipped 4.7% to $266.5 million and real estate tumbled 19.3% to $197.7 million. Only recruitment increased, ticking up 4.3% to $165.7 million. All other types of classifieds fell 8.5% to $520.8 million.

via MediaPost Publications Black, White and Red All Over: Newspaper Ads Dive 06/02/2011.

IT’S OFFICIAL: Internet Advertising Is Bigger Than Newspaper Advertising

Posted in Doom by futureofprint on April 14, 2011

Some surveys and reports had projected it, and it was long time coming, but now it’s official: the IAB’s 2010 Internet Advertising report says in 2010 internet advertising was bigger than newspaper advertising. Most studies said it wouldn’t happen until later, but it did last year.And meanwhile, TV is still much, much bigger than the internet.

Here’s the chart:

 

 

via IT’S OFFICIAL: Internet Advertising Is Bigger Than Newspaper Advertising.

Newspapers Slammed In 3Q

Posted in Doom by futureofprint on November 15, 2010

Big newspaper publishers continued to struggle, with single-digit declines across the board — also noteworthy, since they are compounding several years of losses. Luckily, many own substantial broadcast TV businesses, which are buoying their bottom line.

At the New York Times Co., total revenues slipped 2.7% to $554.3 million due to a 1% drop in ad revenues and a 4.8% drop in circulation. McClatchy saw total revenues decline 5.7% to $327.7 million in the third quarter, reflecting a 6.4% drop in ad revenues and a 3.8% drop in circulation.

At Gannett, publishing revenues slipped 4.8% to $969.4 million, mostly due to a 5.1% drop in advertising revenue at the division, but total revenues were flat at $1.31 billion thanks to its TV business. Almost alone among major publishers, The Washington Post enjoyed a 5% increase in newspaper revenues, to $163.4 million, due mostly to increases in general advertising and digital revenues.

The news was not much better at smaller publishers.A.H. Belo saw total revenues slip 6.1% in the third quarter, to $119.1 million; Media General saw its publishing division revenues shrink 7.6%, offset by an 18% increase in TV revenues. E.W. Scripps’ newspaper revenues fell 3.8% to $100 million, offset by a 31% increase in TV revenues, to $78.5 million.Adding up all their growth rates, these companies saw newspaper revenues decline an average of 3.7% in the third quarter.

via MediaPost Publications Radio Stabilized, Newspapers Slammed In 3Q 11/15/2010.

Sulzberger Concedes: “We Will Stop Printing The New York Times Sometime In The Future”

Posted in Doom, Stop the presses by futureofprint on September 8, 2010

At a conference in London, Arthur Sulzberger Jr conceded that someday the New York Times Company will be forced to stop publishing a printed paper.This sounds obvious, but it’s a big deal.

via Sulzberger Concedes: “We Will Stop Printing The New York Times Sometime In The Future”.

Forecast: Digital bits poised to overtake print in 2014 – USATODAY.com

Posted in Doom, Tablets by futureofprint on August 11, 2010

Now we can put a date on it: 2014 will be the year when consumers begin to spend more for digital media than they will for print, according to a forecast out today from private-equity firm Veronis Suhler Stevenson.

The company projects that the average person will spend $159.59 in 2014 for Internet and mobile services — including broadband subscriptions for smartphones — up 89.2% from last year. But that same person will spend $158.88 on consumer books, newspapers and magazines, down 1.5%.While VSS is far from infallible, the projection is worth noting: After 24 years of soothsaying, the VSS’ annual Communications Industry Forecast is one of the few industry projections that media executives and investors respect.

Overall, the firm expects consumers to fall more deeply in love than ever with media and communications. The average person will spend a little more than $1,080 in 2014 to be connected, informed and amused, up 27.6% from last year.

via Forecast: Digital bits poised to overtake print in 2014 – USATODAY.com.

Ex-Google News, Bing Engineers Set Out To Build ‘Newspaper Of The Future’

Posted in Doom by futureofprint on July 16, 2010

Delivering news digitally in a personalized manner is a nut many a startup – as well as many established Internet companies and publishers – are desperately trying to crack.

A newly-founded Palo Alto startup called Hawthorne Labs is one of them.Today, the company released their first application, dubbed APOLLO, for the iPad iTunes link – screenshots and video below. Their lofty ambition is to become the number one daily destination of top personalized news content from around the Web, build a genuine Newspaper of the Future™, and thus “deliver the final blow to the newspaper industry”.

Apollo is quite similar to Pandora in that it uses an algorithm using factors such as time spent on articles, sources favorited, articles liked/not-liked as well as social elements like Twitter and Facebook mentions and similar peoples’ tastes etc. to help users discover the best content for them in a variety of categories Top News, Business, Tech, Sports and so on.

via Ex-Google News, Bing Engineers Set Out To Build ‘Newspaper Of The Future’.

A Quick Primer On The US Newspaper Collapse

Posted in Doom, Stop the presses by futureofprint on July 9, 2010

Earlier this week, we gave you a few staggering factoids on the state of the U.S. newspaper industry.

You know, cheery stuff like how there have been roughly 35,000 newspaper job losses or buyouts since March 2007.

Or how 166 newspapers have either shut down or stopped putting out a print edition since 2008.

Or the fact that the U.S. print sector lost more than 24,500 jobs between September 2008 and September 2009.

Good times.

It’s all from a new report by the World Association of Newspapers and Newspaper Publishers.

The stats seem even more bananas when viewed in the form of colorful charts and maps.

So we put together a little presentation to take you through it all.

via A Quick Primer On The US Newspaper Collapse.

Tribune’s Zell: Newspaper Home Delivery Likely To Be Replaced By ‘PDFs’

Posted in Doom by futureofprint on July 2, 2010

Tribune Chairman Sam Zell—whose company is still in bankruptcy proceedings—went on CNBC today and explained why the bankruptcy process has been so difficult. His reasoning: “Big transaction,” “Lot of different players,” and questions about … “how the media and particularly the newspaper side of the business are going to change in the future.”

Zell, who was replaced as CEO in December, provided some of his own answers to the latter question, saying that “going forward, it’s going to require all kinds of different approaches, including probably most significant, the elimination of home delivery and the replacement of it by PDFs.”

That’s an approach that hasn’t been taken by any Tribune newspapers as far as we know although, in Detroit, the Media News-owned News and Gannett-owned Free Press have cut back on home delivery to a few days a week and have instead provided subscribers with digital replicas of their papers, although the default view is not PDFs.

via Tribune’s Zell: Newspaper Home Delivery Likely To Be Replaced By ‘PDFs’ | paidContent.