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Why the Success of The New York Times May Be Bad News for Journalism
Ben SMith stepping into the space opened a decade ago by David Carr, the late columnist who chronicled an explosion of new online outlets. My focus will probably be the opposite: The consolidation of everything from movies to news, as the media industry gets hollowed out by the same rich-get-richer, winner-take-all forces that have reshaped businesses from airlines to pharmaceuticals.

“The New York Times is going to basically be a monopoly,” predicted Jim VandeHei, the founder of Axios, which started in 2016 with plans to sell digital subscriptions but has yet to do so. “The Times will get bigger and the niche will get nichier, and nothing else will survive.”
journalism  Business  Media  newyorktimes 
5 weeks ago by Scub4
Influencers are putting up paywalls. What does that mean for brands? | Vogue Business
Influencers with big followings on Instagram and other platforms are starting to put up “paywalls” by charging fans for exclusive content.

Some charge a monthly fee to become a “Close Friend” on Instagram, while others are trialling WeChat’s new paywalls. In effect, content quality is becoming a focus.

While these payments add another revenue stream for influencers, analysts say brand partnerships will remain as a source of credibility.
Influencer  instagram  Media  Business  membership 
5 weeks ago by Scub4
Twitter Thread Business Models in Digital Journalism
The Passion Economy (see Substack) is a competitor for market share, consumer revenue AND talent. It’s accessible to all, offers shared products/services for operations & rewards individuality.

It gives ownership & agency to the creator AND consumer.
journalism  Media  Business  strategy  PossibleSpeaker 
7 weeks ago by Scub4
The Information is testing a subscription bundle with Bloomberg Media - Digiday
The Information and Bloomberg Media are the next set of publishers to test out a digital subscription bundling model.

The two publishers have come together to offer a $499 one-year subscription to both Bloomberg.com and TheInformation.com, which will allow readers to access all paywalled content, as well as provide access to The Information’s new app, monthly video calls, events and a subscriber-only Slack channel, and Bloomberg’s subscriber newsletters, Bloomberg TV live streams and podcast.

“The only players looking to aggregate news have been Apple, Facebook and Google,” said Lessin. “It’s bizarre that we’ve seeded this power to the tech companies,” she added, continuing that she sees an opportunity for publishers to take some of the power back and “work together to expand the audience for quality journalism.”
journalism  Business  strategy  Innovation 
7 weeks ago by Scub4
How Destructive is Innovation?
Entrants and incumbents can create new products and displace the products of competitors. Incumbents can also improve their existing products. How much of aggregate
productivity growth occurs through each of these channels? Using data from the U.S.
Longitudinal Business Database on all nonfarm private businesses from 1983 to 2013,
we arrive at three main conclusions: First, most growth appears to come from incumbents. We infer this from the modest employment share of entering firms (defined as
those less than 5 years old). Second, most growth seems to occur through improvements
of existing varieties rather than creation of brand new varieties. Third, own-product improvements by incumbents appear to be more important than creative destruction. We
infer this because the distribution of job creation and destruction has thinner tails than
implied by a model with a dominant role for creative destruction.

Anmerkung: Könnte auch "Iteration statt Disruption" heißen
Innovation  philosophy  Business  society  Science 
7 weeks ago by Scub4
Reality check: subscriptions are not going to work for everyone. Here's why
Subscriptions are great. They’ve really helped a beleaguered industry feel its way forward, but as we celebrate another record breaking year for subs at The Guardian or The New York Times there is a reality that we need to address, and it’s one that’s usually pushed to footnote status.

The fact is, they can’t possibly work for everyone. Why? Let’s start here:

There can be only one (or, at best a few)

When you can get it for free, why pay?

It’s demographics
journalism  Business  membership 
7 weeks ago by Scub4
How The New York Times Is Revising Its Digital Playbook – Adweek
The New York Times, once beset with significant financial issues, has turned the corner and is now seen as a modern success story. For example, earlier this week the paper posted its latest quarterly results with revenues of $508.4 million, thanks to a 4.5% increase in subscription revenue with a total of 5.3 million total print and digital subscribers as of the end of 2019.

While overall advertising revenue dropped 10.5% year-over-year during the period—CEO Mark Thompson described the Times as a “subscription-first publisher”—plans are afoot to reverse the decline in media spend.

These involves soon-to-launch “first-party data-based advertising solutions” as the Times seeks to create privacy-safe ways to engage with its audiences. The focus on privacy involves tweaks to its programmatic advertising offering, including the publisher closing off its mobile app inventory from open market demand.
journalism  Business  Media  ads  newyorktimes  data 
7 weeks ago by Scub4
Google might start paying news publishers for content - The Verge
Google is chatting with publishers about potentially paying to include their content in a news product, according to The Wall Street Journal. Most of the talks are with publishers outside the US, the paper says, including in France and Europe more broadly.

“We want to help people find quality journalism—it’s important to informed democracy and helps support a sustainable news industry,” Google said in a statement to the Journal. “We care deeply about this and are talking with partners and looking at more ways to expand our ongoing work with publishers, building on programmes like our Google News Initiative.”
journalism  google  Business  publishing 
7 weeks ago by Scub4
The facts about Facebook's fact-checking program - Popular Information
Taken together, this data provides an accounting of Facebook's fact-checking efforts in the United States.

In total, these fact-checkers conducted a total of 302 fact checks of Facebook content in January 2020.

The overall volume of fact checks provides some perspective. Facebook has more than 200 million users in the United States, posting millions of pieces of content every day. The reality is that almost nothing on Facebook is fact-checked.

Assuming that Facebook paid about the same amount to its other fact-checkers, even though most were less productive, Facebook's total investment in 2019 would be about $2 million. That's an investment of 0.003% of its 2019 revenue. For perspective, it takes Facebook about 15 minutes to bring in $2 million in revenue. So one of the reasons why very little U.S. content is checked by Facebook is because Facebook spends very little money on the program.
journalism  trust  fakenews  facebook  socialmedia  Business 
7 weeks ago by Scub4
McClatchy, Major Local News Publisher, Files for Bankruptcy - The New York Times
It was a thriving family business that got its start in 1857 as a four-page newspaper for residents of Sacramento in the wake of the gold rush. Now the McClatchy Company, the publisher of The Sacramento Bee, The Miami Herald and 28 other dailies across the country, has filed for bankruptcy and is expected to be run by a New York hedge fund.
journalism  Business 
7 weeks ago by Scub4
The Chaos at Condé Nast - The New York Times
It’s a high-class but increasingly common problem: being a former magazine editor in a digitized world that cares little about whose name used to be on top of a defunct masthead. (A masthead, for those unfamiliar with the term, lists in careful hierarchy the top staff of a publication and is most often printed on paper — which tells you pretty much all you need to know.)

Mr. Peres said, it didn’t occur to him that he might be revealing a lack of corporate oversight at Condé Nast or what a white man could get away with doing
journalism  media  Business  condenast 
8 weeks ago by Scub4
BuzzFeed CEO Jonah Peretti reboots his business plan - Recode Media
BuzzFeed CEO, Jonah Peretti, sits down with Recode’s Peter Kafka live from the Digital Content Next Summit in Miami to discuss BuzzFeed's new direction.
journalism  Business  strategy  podcasts  Buzzfeed 
8 weeks ago by Scub4
My Failed Quest For A Terminator Truck Is Modern Gaming In A Nutshell
After playing the event’s biggest missions and sampling what I thought was enough of its smaller daily missions, I was ready to move on to other things. I didn’t mind that I’d fallen far short of playing enough to earn that truck. The RT-5’s item description hadn’t even seemed worthy of it being some sort of ultimate unlock: “The RT-5 Shepherd is a robust transport vehicle with large cargo capacity that is used to carry equipment across the island.” Who needed it?

We can hardly escape this when we play games these days, but the more we experience it, the more we’ll learn about ourselves, about how much we value our time, how much time and money we want to spend on the games we play and how well we can resist the Terminator trucks dangled in front of us, even if we find out they transform.
gaming  Business 
8 weeks ago by Scub4
Gabor Steingart ruft im “Morning Briefing” zur Kündigung von Abos von “Spiegel” & Co. auf › Meedia
Das aktuelle "Morning Briefing" von Gabor Steingart enthält einen brisanten Aufruf. Der frühere "Handelsblatt"-Chef und "Spiegel"-Journalist fordert dazu auf, Zeitungs- und Magazin-Abos zu kündigen, die u.a. Annegret Kramp-Karrenbauer als "neue Kanzlerin vorstellten" oder Martin Schulz als "Heilsbringer der Sozialdemokratie nahelegten".
journalism  Business  membership  steingart 
8 weeks ago by Scub4
Wieso wir den digitalen SPIEGEL jetzt auch pur anbieten
Für uns rückte deshalb in den vergangenen Monaten eine wesentliche Frage in den Vordergrund: Wie können transparente Kommunikation und faire Lösungsangebote in den kommenden Jahren dazu beitragen, stabile Anzeigenerlöse zu sichern oder Alternativen zur Werbefinanzierung zu eröffnen?
journalism  Business  ads  membership  spiegel 
8 weeks ago by Scub4
NYTimes: The New York Times Tops 5 Million Subscriptions as Ads Decline
In the last three months of 2019, The New York Times Company reached one major business goal and got more than halfway toward another. Both are related to what has become the company’s main business: making money directly from customers who pay to do the crossword, check out recipes and follow the news on their computers, tablets and phones.

Anmerkung: Man beachte die Reihenfolge.

As the company disclosed last month, in 2019 it passed $800 million in annual digital revenue for the first time, an objective it had pledged to meet by the end of 2020. Most of that $800.8 million — more than $420 million — came from news subscribers.
journalism  Business  newyorktimes  digital  membership  ads 
8 weeks ago by Scub4
The New York Times's success lays bare the media's disastrous state | New York Times | The Guardian
The financial health of journalism has been deteriorating in such an acute way that every spit and cough emanating from its institutions is anxiously pored over to ascertain whether it’s a death rattle or a sign of miraculous recovery. An outcome few would have predicted for the future of media has been the resilience of a handful of decidedly old-fashioned legacy institutions, at the cost of the shrinking of the supposedly more innovative digital players.

Chief executive, and former BBC director general, Mark Thompson put the success of the New York Times down to a strategy that allowed the digital assets within the news organisation to grow independently of the gravitational pull of the still-declining print product. Crosswords and cookery, both addictive and slick digital offerings, are far more important in revenue terms than their positions in a printed package would indicate.

The New York Times, in one sense, is a spectacular and hopeful success story. But in other ways it reveals the disastrous state of the current media landscape. Connectivity has sorted society into the 1% and the rest. Winners taking it all are a feature, not a bug, of the current technocracy. If Smith, a far-sighted editor deeply invested in his staff and newsroom at BuzzFeed, could not see a sufficiently attractive path forward, then there probably isn’t one.
journalism  finance  Business  digital  newyorktimes  strategy 
8 weeks ago by Scub4
Maybe Information Actually Doesn’t Want to Be Free
She has focused her site on the larger picture, pursuing industry scoops and keeping the publication ad-free, instead charging $399 a year for complete access. The Information achieved profitability in 2016, Ms. Lessin said, three years after she left The Wall Street Journal to start it. She added that she expected $20 million in sales by the end of 2020, and for her staff of two dozen reporters and editors in the Bay Area, Seattle, Los Angeles, New York, Washington and Hong Kong to grow. “The fact that we have a business that’s scaling makes me excited,” she said.

Anmerkung: Auf Twitter wurde richtig aqngemerkt, dass das vllt weniger etwas über The Information aussagt und mehr darüb,er wie lukrativ Tech-Mogule als Zielgruppe sind. Außerdem: Wow, ist die überprivilegiert. Und: Sie ist wirklich sehr, sehr (zu) nah dran an vielen Techies.
journalism  media  business  tech  membership 
8 weeks ago by Scub4
Das macht Netflix zum Content-Marketing-King | W&V
Wie schlau der Streaminganbieter seine Social-Kanäle, jede Menge Podcasts und sogar ein Print-Heft einsetzt, um neue Nutzer zu gewinnen und zur Lovebrand zu werden, erklärt W&V-Autor David Streit.
netflix  brands  Media  Business  marketing 
10 weeks ago by Scub4
The New York Times Company - 2019 was a Record Year for Digital Growth at The New York Times Company
NEW YORK--(BUSINESS WIRE)-- In town hall meetings inside The New York Times Company today, president and chief executive officer Mark Thompson will announce significant milestones that the Company achieved in 2019:

It passed its goal of $800 million of annual digital revenue a year ahead of schedule. In 2015, when digital revenue was around $400 million, The Times set itself the objective of doubling this category of revenue by the end of 2020.
The Company added more than 1 million net digital subscriptions last year. This is the highest annual run-rate since the launch of the digital model in 2011, indeed the largest number of net subscription additions in a year in the history of The New York Times Company.
The New York Times Company now has more than 5 million total subscriptions, again an all-time record for the Company. The total includes 3.4 million core news subscriptions, more than 300,000 to NYT Cooking and 600,000 to NYT Crossword, as well as nearly 900,000 print subscriptions.
journalism  Media  newyorktimes  Business 
12 weeks ago by Scub4
How MyLondon built a hyperlocal news brand from the ground up | Media news
Focusing on sought-after topics like the London Underground is a start, but you also need to use data and local surroundings to find stories and exclusives
Media  Business  Innovation  UK  London  PossibleSpeaker  journalism 
january 2020 by Scub4

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