WAN-IFRA

A publication of the World Editors Forum

Date

Sat - 22.07.2017


revenue

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As the ever-changing media landscape is making old business models obsolete for news providers, what means are there to make journalism a profitable business? Jeff Jarvis is the latest industry expert to discuss the issue, giving a very economics-based take on it. According to him, a news provider has to give serious thought to its revenue model: providing quality news is not in itself profitable.

Some observers, such as FishbowlNY, commented that Jarvis's thoughts on the state of the news industry seem very grim. What is perhaps most worrying is that many of the challenges he discussed are already widely recognised as real, but the industry has been late to act on them.

Certain prospects for the future are so certain that the industry should acknowledge and adapt to them, Jarvis stressed. Old revenue models for newspapers and news organisations cannot serve as models for the future. Newspapers' circulation will only continue to decline, as will also ad revenues. There is no going back to what the news industry was like before.

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newspaper/2011/04/lessons_to_be_learned_hard_economics_for.php

Author

Teemu Henriksson

Date

2011-04-26 16:32

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What could newspapers have done to tackle the economic aspects of digital challenges and what have they done instead?

In an American Journalism Review article entitled "Costly Mistakes", John Morton discusses what he sees as the weak and ineffective reaction of the newspaper industry to the shift of advertising to the Internet.

"Newspaper advertising revenue fell more - more than two to three times as much in percentage terms - during the 2008-2009 recession than during the two worst previous recessions for newspapers since World War II, in 1991 and 2001", he says, pointing out that what newspapers did to counter weakening advertising revenue was not sufficient indeed.

In Morton's opinion, there were two main mistakes that newspapers have made during recent years: they followed cost-cutting policies, which had an impact on quality of journalism, and they didn't understand how to deal with the new possibilities the Web opened.

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multimedia/2010/12/future_of_newspapers_mistakes_and_soluti.php

Author

Federica Cherubini

Date

2010-12-13 16:54

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The future of newsrooms is multimedia integration and a "pay for information" model, said the editors in the survey 2010 Newsroom Barometer presented by McKinsey & Company partner Eric Hazan at the 17th World Editors Forum today in Hamburg. These days it's clear to editors that "multimedia reshapes the newsroom".

The 2010 Newsroom Barometer questioned 525 senior newspaper editors around the world between April and June. They were more optimistic than expected, Hazan noted, with three-quarters of respondents saying they were very optimistic or somewhat optimistic about the future of their newspapers, a figure virtually unchanged from previous year. However, Hazan added that there is a big divide between the generations of editors.

According to this global survey, editors-in-chief and other senior newsroom personnel foresee a multi-platform publication model, maintaining print, and more payment for news.There was no clear view on what form "pay for information" model would take. Editors from emerging countries favored subscription models and European editors though some form of sponsorship would be the norm. There are some editors (35%) who thought information would continue to be mostly free, and 17% were unsure.

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world_newspaper_congress/2010/10/newspaper_editors_hope_for_a_multi-media.php

Author

Anna Tulskaya

Date

2010-10-06 17:17

Author

Heather Holm

Date

2010-09-22 17:35

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In the wake of the failing newspaper industry throughout more developed countries, newspapers in at least one country are going strong: India. For example, the country's largest English-language paper, the Times of India has a circulation of 4 million and is "one of the world's top ten publications by circulation," as stated in an article by Groundreport.com from the beginning of this year.

This has created a "newspaper renaissance," where there are "new titles and fatter editions appearing by the month," said an AFP article. According to a survey by the World Association of Newspapers and News Publishers, paid newspapers in India have gone up 44 percent since 2005 to total 2,700 papers. This puts India ahead of the United States, which has 1,397 paid-for daily newspapers and China, which has about 1,000 papers.

"India also has the world's highest paid-for daily circulation, having surpassed China for the first time in 2008," according to the AFP article.

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newspaper/2010/09/print_news_thrives_in_india.php

Author

Heather Holm

Date

2010-09-17 13:17

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Independent News and Media's newspapers have returned to pre-tax profits after selling loss-making titles, The Irish Times reported today. Revenues for the first half of the year reached €656.5 million, up 7.8 percent, as operating profit increased 29.2 percent, to €94.6 million. Earnings before taxes, amortisation and depreciation were up 26.1 percent, to €115.6 million.

The Ireland-based INM sold its UK Independent and Independent on Sunday titles in April, and also sold its remaining share in India-based Jagran Prakashan Limited media group, lowering its net debt by €360.1 million in the period from June 2009 to June 2010. INM reported pre-tax losses of €31 million for the year of 2009, according to MediaGuardian.

For more on this story please see our sister publication www.sfnblog.com

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newspaper/2010/08/independent_news_media_returns_to_profit.php

Author

Emma Goodman

Date

2010-08-30 11:00

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Circulation of dailies in Latin America is expected to grow during the next five years, generating more than US$7.5 billion in revenues, according to the PricewaterhouseCoopers' Media & Entertainment Outlook for 2010-2014, the Knight Center for Journalism in the Americas reported yesterday.

The growth will be lead by Brazil and Argentina, expected to see an increase of 2.2 percent and 1.4 percent, respectively. However, countries like Colombia and Venezuela are expected to see declines between 0.8 and 0.2 percent, La Nacion revealed.

For more on this story, visit our sister publication, snfblog.com

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newspaper/2010/08/newspaper_circulation_to_grow_in_latin_a.php

Author

Stefanie Chernow

Date

2010-08-19 11:08

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The combination of a weak economy and the digital age makes selling newspapers increasingly difficult; however, innovative solutions can leverage the situation. Magazines and newspapers are using social discounting websites such as Groupon and Crowdity to rein in new subscriptions.

The principles of the discount sites are simple. Newspapers offer their subscriptions at a largely discounted price, but the deal only goes through if a minimum number of people subscribe. Last month when the Chicago Tribune used Groupon, they offered their one-year subscription for US$13, a 75% discount from the full price of $51. They required that 200 people subscribe to offer the deal. The final number of subscriptions was 7,494. Groupon, however, does take a 50% cut of the profit from the subscriptions.

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newsrooms_and_journalism/2010/08/social_discounting_websites_makes_reader.php

Author

Stefanie Chernow

Date

2010-08-18 12:52

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The Financial Times Group announced that the Financial Times has kicked off the first half of 2010 in the black with much credit going to its digital readership. Marjorie Scardino, CEO of the paper's parent company Pearson Plc, reported that online readership grew 27% up to 149,000 viewers within the last six months. Registered users also climbed 77% to 2.5 million subscriptions. While most of Pearson Plc's profits were driven by its educational and book publishing operations, Scardino was pleased to announce that FT group turned over operating profits with digital revenues contributing more than 25% of the total.

A significant amount of the FT's success is due to its iPad app. Last month, the Financial Times's iPad application received an award for "Best iPad App" at the 2010 Apple design awards. The application's merit goes beyond rhetoric, as it has been downloaded by roughly 250,000 users. Furthermore, Scardino cited that users of the Financial Times's iPad application spend an average of 25 minutes on the application.

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multimedia/2010/07/the_financial_times_a_digital_success_fo.php

Author

Stefanie Chernow

Date

2010-07-27 17:15

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With the launch of the iPad, the internet, social media, mobile applications ... who is still reading the newspaper? Like, the paper version. The one where you don't need a 300 dollar device to access the daily news. Well, Congress has not forgone the print and still remains a loyal customer of the paper version. In total, Congress spends roughly 1.2 million dollars a month on news and research.

So how does the pie get divided up between top newspapers? The New York Times gained $93,976 from June 2009 to March 2010 from the pockets of congress. While the debate about the "liberal bias of the media" continues, knowing that $59,000 was spent by Democrats on the New York Times verses $16,000 by Republicans may add new reasoning to the media bias arguments. Furthermore, $78,857 of congressional money was spent on the Washington Post, with $41,000 from Democrats and $27,000 from Republicans representatives. USA Today did not fair well in the the race for congressional funds, only receiving $8,640. Politico's revenue information was not in the data set. While this is logical as they do not offer subscriptions, it is intriguing that there are no expenses listed for this prominent publication.

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newspaper/2010/07/us_congress_still_a_loyal_customer_of_th.php

Author

Stefanie Chernow

Date

2010-07-23 19:16

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The World Editors Forum is the organization within the World Association of Newspapers devoted to newspaper editors worldwide. The Editors Weblog (www.editorsweblog.org), launched in January 2004, is a WEF initiative designed to facilitate the diffusion of information relevant to newspapers and their editors.


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