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As readers of this blog, you are hopefully well aware that the newspaper industry is in a state of disruption. Dave Zeeck's Sunday column explained a few of the changes - mostly cuts - that newspaper readers are seeing these days. It's required reading if you are at all foggy on newspaper economics 101. The bottom line: print subscribers will be getting less product for the same price because advertisers are spending less to appear in the product.
I thought I should take the opportunity to explain what these changes will mean for online readers. Since we don't have to pay for newsprint, ink or trucks to distribute the online news, we aren't under the same pressure to save costs. In fact, the online product will be growing and improving. As advertisers shift their spending to digital products, it's our mission to publish the best local digital news and information product possible, which means more attention and resources for the web site (not less).
It also means you will be seeing more advertising on thenewstribune.com, because we can't make more money to offset those print advertising reductions in revenue without increasing the advertising offerings. You have probably already noticed pop-under ads that appear on your computer when you visit our site. They are set to show only one time per user per 24 hours - if you're seeing more than that, let me know.
We are regularly in discussion with our partners in the advertising department about other new and innovative online advertising products. And you will likely see some of them in the coming months. We will strive to balance the need for new revenue with our users' experience since you can't build an audience by annoying them. I also believe that online readers will appreciate more local advertising on our site (some people only buy the newspaper for the ads, after all), but I'll be surprised if we don't upset some people along the way.
This is part of the evolution in media we are currently living through, which is exciting at times, but not always easy.
COMMENTS:
Even in todays troubled market, magazines and papers that actively go after readers are not facing such a crisis.
By reducing the pages and benefits of hard copy, more readership is lost. Why pay the same for less?
Think outside the box.
Just cause you all didn't win the contract for local government legal posting...why not start an insert on say Wed. that covers all pending meetings and a review of the previous weeks meetings and outcomes? Don't post it online. Add a longer reader insight/ letter section to this insert also.
Just like readers are encouraged to get a Fri/ Sat issue to get a Sunday via subscription... readers would be encouraged to get a full week subscription to access specific issues.
Businesses sink in troubled economic times when they fail to relook old practice/styles and make changes based on customer input. If you all "sink" IMHO its because you failed to look in the mirror and listen to readers.
1) The thing practically never comes on time, meaning we end up with a newspaper sitting on our porch all day while we're at work. Hello, robbers!
2) Seems like it is increasingly regurgitated stuff from the online stuff...blogs, comments, etc. I realize there's some crossover, but like ldozy123 says, it would be nice to have some unique content that makes the print edition worth it!
However, pop up ads are generally reminiscent of free starter web pages like Angelfire and Tripod.
Has anyone done a study of the effect of pop up ads online readership?
Between pop up ads and decreased content on the hard copy segment, any wonder why your stock prices are dropping along with readership?
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