A frustration I think you me and Jim share is the slowness of media groups with origins in print at realising the need to adapt. Back in the 90s there was everything to play for, yet many squandered the opportunities they had by applying lethargic processes at a time which needs revolutionary change.
When a group of us came together to set up the IAB trade associations in the UK and Europe, it was heavily driven by a handful of innovative (traditional) publishers. We could see how the gatekeeper roles that newspapers and TV had played in mass marketing would be challenged through disintermediation. As early as the mid 90s it seemed clear that search would remove the constriction on access to classifieds, and that Craig Newmark wouldn’t be alone in figuring out a free-to-air model for classifieds.
Yet the media groups dominated by traditional thinking are those that can never see passed the old paradigms. The 15 year debate about charging a subscription for content is the square peg for the round hole. I wish more publishers would be listening to you, making round pegs, and filling both the web and their business plans with the right content for the right models.
Look forward to catching up. Been far too long!
]]>A paywall that pays? Only in America
The New York Times’s ‘soft’ digital paywall has recorded some impressive results, but it’s too soon for excessive optimism, by Peter Preston
By ‘moderator’ I include ‘automatic spam detectors’ that might otherwise cast my comment into oblivion – unless I make another comment noting its omission.
My sympathies for your move. I am packing at the moment for a 700 mile relocation.
]]>Steve Y: Perhaps my data about small- to medium-sized daily newspaper websites is out of date? Or is the data for your newspapers the exceptional results of your own excellent efforts, oh Grey Bearded One? Perhaps someone else from a more normal (less excellently exceptional) small to medium-sized daily can corroborate? However, your point about using ANY paid content to compensate for the collapse of generic banner ad CPMs is well taken.
]]>Our experience is radically different. For example, we have a 22K daily with 623,000 unique users (Omniture stats) and one with a Sunday circ around 174K that has around 12 million monthly uniques.
I think a definition of success begs a couple of questions: What business are you in? And what are the alternatives? Your point that the NYT is a global opportunity is a good one, and if they’re in a global audience business, then their performance is rather dismal. On the other hand, given the collapse of generic advertising CPMs, the revenue created by the NYT pay model shouldn’t be dismissed, especially if they’ve pulled it off without sustaining substantial damage to their free traffic reach.
]]>