The Newspaper Industry, The Dip, Seth Godin

Seth Godin‘s book, The Dip, is all about quitting.  It’s about learning WHEN to quit and WHEN not to quit.  It’s also about learning WHAT to quit, and WHAT not to quit.  As one of the many examples he gives for quitting, he gives the following common scenario currently unfolding in the American newspaper industry.

If you work at a big city newspaper, you can see that there’s no light at the end of that career-choice tunnel. Circulation is dropping, and it’s going to drop ever faster. Most papers have little chance of replacing their traditional business with an online alternative.  As a result, every day at most papers is going to be just a little bit worse than the day before. Every day you stay is a bad strategic decision for your career because every day you get better at something that isn’t that useful-and you are another day behind others who are learning something more useful. The only reason to stay is the short-term pain associated with quitting.  Winners understand that taking that pain now prevents a lot more pain later.

I was reminded of the above passage while flying home after covering NAA’s mediaXchange in Las Vegas.  I won’t be back.  There were maybe 4 good speakers at the event.  Perhaps worse though was the crowd, a listless mob staring into a dark tunnel hoping to see the light at the end (but was there even a light to see?).  People weren’t asking good, tough questions, they were just kind of.. there.  The annual convention used to be a place where equipment manufacturers showcased their new products and where newspaper execs. came to make sweet deals.  That pretty much fell apart in 2008 because of cost cutting in the industry (and finally a realization that equipment doesn’t manufacture customers) and so this year the name was changed to something more EXTREME! like mediaXchange and a more digital spin was put on the entire proceedings.  They should have served Brawndo.

How the hell does NAA get away with scheduling Lee Abrams to talk about redesigns for the closing session?  And how the hell does no one in the audience ask him a tough question, like “why is a redesign so good if your papers are still failing”?  or “is it any bellwether that your only growing print product is the FREE METRO TABLOID, Redeye”? or “do you see a fundamental problem with the newspaper industry operating in an internet paradigm”?   Lee Abrams by the way is a retired old man/ radio executive who helped drive XM Radio into the ground and is now the Chief Innovation Officer for the Tribune Company.  Are you kidding me Tribune?  Employees and stakeholders in that company should be livid at his appointment.  Are you kidding me newspaper industry?  This is what you “gathered” everyone up for?  I wish I had the ability to print out Clay Shirky’s latest blog post Newspapers and Thinking the Unthinkableand stuff it in everyone’s free tote bag.  WTF?!

For all the time and money I spent on attending mediaXchange, I leaned a minimum amount of good, new information.  I hoped to see sessions on paradigm shifts and accepting new realities, but instead heard mostly product pitches.  Hell, I should have been there TALKING to these people.  I wanted to bum rush the stage at the closing session and say, “WAKE UP.  NEWSPAPER REDESIGNS ARE DEAD.  LETS TALK ABOUT NEW MEDIA”.  But the problem was that the audience seemed fine and even INTERESTED!!!! in hearing about redesigns from Lee Abrams.  Jeez!!!   As social media session speaker Kurt Greenbaum (one of the good speakers) followed up on his blog, “5.8% of NAA attendees cared about social media“.

I should have skipped mediaXchange, I should have quit, I should have went to SXSW.  That’s where the innovation is happening, and that’s where you’ll find me next year.  I hope to find news media execs. there too but I doubt it.  Godin says quit a loser, well I just quit mediaXchange.

Tera Digital Publishing Showcases their GNportal

RI: what is “a single media newsroom”?
TDP: The ability to produce content for all mediums from one location. We can be described as a content management system for newspapers, Solely for Newspapers.

RI: why are newspapers coming to you?
TDP: they are seeking to consolidate into a single newsroom. Financial pressures have forced the issue.

RI: What is the main product?
TDP: GN3 is the main product.

RI: With all the consolidation, is the business is booming?
TDP: Yes, we are doing well. Big jump in foreign interest especially in Latin American companies.

RI: do you deal with large chains like gannett or advance
TDP: Not so much as our foreign sales, but it’s changing.

RI: How do you sell?
TDP: Through resellers mostly.

RI: Who are your biggest competitors?
TDP: We like to think we are in a league of our own, but Saxotech is a competitor.
RI: innovation at Tera ?
TDP: GNportal (good news)
RI: What’s that?
TDP: Laura our project manager will tell you about that. Continue reading

NAA mediaXchange 2009 Day 3

Link to Day 2
Link to Day 1 

Final day at NAA mediaXchange 2009.  I’m liveblogging the Redefining Classified session  on twitter.com/metaprinter

UPDATE:

As an aside: Sesame Workshop cuts staff by 20% ‘Sesame Street’ producer announces layoffs

metaprinterI want someone to ask Lee, “how have you aligned these newspapers for success in in the internet paradigm” @NAA_Community #naamxc09
OK, I asked him after the session.  He says that he is making the newspaper sites more interactive, and linking out to news blogs and other credible sources more.  He’s also making the news sites become aggregators (through niche sites)  for all info in their area so someone searching for info about chicago x will wind up on a tribune site.

metaprinterLee says get away from the “electronic arm of the newspaper”  #naamxc09 it’s a totally different product.  What about “the medium is the message”?

metaprinter Barbara and Lee Abrams muddling through a discussion on “getting things done”.  #naamxc09

As an aside: ING Postpones 2009 Conference

metaprinterNo way in hell is a paper redesign going to save this industry. come on Barbara ask a tough question. #naamxc09

Final Session is EMPTY EMPTY EMPTY.  This picture was taken at 3:30 the start of the session.  by 3:50 more people have shown up.

The Tribune Company over the past 12 months has moved aggressively to transform their product strategies and remake the traditional newspapers, including re-designs, shifting the editorial/advertising ratio, re-thinking content focus/presentation, launching companion tabloid products, breaking news sites and other innovations. Lee Abrams, Tribune’s chief innovation officer, has been the provocateur for many of the changes. This “conversation with Lee” will provide a first-hand appraisal of the strategies to date and explore what’s on his mind for future innovations in print, online and broadcast.

Name Lee Abrams
Title SVP/Chief Innovation Officer
Company Name Tribune Company

Name Barbara G. Cohen
Title President
Company Name Kannon Consulting Inc. Continue reading

Interview With Mark Briggs CEO Serra Media

 

First, a little about the company:  Serra Media is a web technology company that’s taken a unique approach to web-based software for local publishers. We think it should be truly innovative, yet easy to use. It should be made for you and leverage the power of your brand in the local marketplace. And it should even be fun. It’s all about technology with style, plus world-class customer service. And it will help you grow audience and revenue, too.

Hyperlocal imagination. Hyperlocal innovation.

Newsgarden is our first product and it can revolutionize local news. It is a map-based web application that filters the location of recent news items, blog posts and other information available on the web down to the neighborhood level.

But it’s not just news on a map; it’s about building new communities online, with new content, in a way that integrates the journalism already being done. It allows a news publisher or local blogger to cover more news with less resources, creates a new market for advertising revenue and helps you move toward a future dominated by location-aware mobile devices

###

With the above in mind, I wanted to learn more about Newsgarden so I met up with Serra Media CEO Mark Briggs.  Here’s what I found out.

RI - What is Newsgarden? It looks like a Google Maps Mashup.
MB - Newsgarden is our premier product offering and yes it can be described as a Google Maps mashup, however it is much more powerful than that.  Think of Newsgarden as a social mapping platform where geographically targeted content from news staff or readers is displayed in a familiar Google map.  The content can be in the form of stories, photos, links, video and really anything else where geographic context adds to the experience. Continue reading

NAA mediaXchange 2009 Day 2

Link to day 1
Link to day 3 

Crazy day for metaprinter dot com.  At 11am I interviewed Matt Coen and Doug Villhard with Second Street, then I interviewed John Juliano and Laura Koval with Terra digital printing.  Both these interviews will be up soon.

Got sidetracked by the Reel Centric display on my way to a session.  Look at this thing.  They market their product as  “smart video advertising solutions”  so they are raffling off a Smart Car.  Did I enter the raffle?  They said I could, So I did.   All I had to do was watch a 5minute demo.  The person manning the booth said they have already made the money they spent on purchasing the Smart car 5x over.  So I am naming Reel Centric’s booth, best booth at mediaXchange 2009.

Hit the 2:45 session Link, Search, Play to learn mostly about contests and their revenue potential.  Especially as a follow up to my interview with SecondStreet. So there you have it.  Day two is in the books.

NAA mediaXchange 2009 Kicks Off

Link to day 2
Link to day 3

Monday Day One

UPDATE: 2:30pm

Monetizing All Things Digital Session

Pubmatic CEO Rajeev Goel speaking
Monetizing ideas

. Shift from high price, high volume direct ad sales to high volume low price indirect sales.
. Demographic Data & Behavioral Data sold to ad networks, data exchanges, and agency buying systems.
. He has lots of supporting data of current and past trends.
. Thinks the display ad price drop is leveling off.

Reel Centric Denise Berry director/media developement
Video advertising opportunities

. 67% of all internet users are viewing video ads at least once a month.
. Video ad spending will run counter to overall economic developments rising 45% in 2009 to $850million
. newspapers need to engage people already using television advertising like car dealerships.
. virtual home improvement project on Arizona Republic’s site (i can’t find it)

Cox Ohio Publishing Ray Marcano, internet general manager
Dayton Daily News Hot Topics box on front page of site being passed off as content, but really direct click ads.  The box itself is making almost $100,000 in year one.

That’s it.  Q&A is cut short, ran over time.  Too many powerpoints at the sessions.  Thank goodness Ray’s ppt. failed and he winged it for 6minutes.  Because of that it was short and to the point.  One of the better presentations so far.   The others spoke too long. I really heard nothing innovative being said about how to generate value based on filling community needs.  This statement from  audience, “what I’m not seeing is newspapers attempting to create rich media content for long term growth” #naamxc09 summed it up.

UPDATE:  2pm

Gearing up for an interview with Serra Media CEO Mark Briggs.  Here is a slideshow showcasing their premier product Newsgarden.  More on this when I get the interview.  Stay tuned.  It will be on the site as a new post ASAP.

——————————————————————

Metaprinter.com founder and senior writer Robert Ivan will be attending NAA’s mediaXchange this March, live blogging via twitter and updating daily at this blog.  Email robert to set up an interview or to showcase your innovative new product or service.  Readers are also encouraged to send robert questions, comments, and suggestions: robert at metaprinter dot com OR twitter.com/metaprinter.  Use the #NAAmxc09 hash tag to follow us and others at the venue. Continue reading

Metaprinter to Attend Inaugural mediaXchange Conference 2009

Metaprinter.com founder and senior writer Robert Ivan will be attending NAA’s mediaXchange this March, live blogging via twitter and updating daily at this blog.  Email robert to set up an interview or to showcase your innovative new product or service.  Readers are also encouraged to send robert questions, comments, and suggestions: robert at metaprinter dot com OR twitter.com/metaprinter

 

NAA Previews Inaugural mediaXchange Conference

Premier industry gathering focuses on future business models, multiplatform strategies

Arlington, Va. – Newspaper professionals from across the country will attend the Newspaper Association of America’s first annual mediaXchange Conference March 9-11 at the Mandalay Bay Convention Center in Las Vegas. The conference marks an increased focus on emerging digital infrastructure, and will allow attendees to share audience and revenue development strategies that have generated growth in print and online.

“As newspapers reinvent their business models and focus on monetizing digital content, NAA’s inaugural mediaXchange event will allow attendees to share success stories and revenue-generating ideas that are effective now and well into the future,” said NAA President and CEO John F. Sturm. “The opportunity for newspaper professionals to share audience and revenue development strategies, network with key newspaper advertising customers and listen to experts both inside and outside our industry will prove invaluable for those in attendance.”

This year’s show floor will feature 220 exhibitors that serve all facets of the industry – from production and digital platforms to advertising solutions. More than 40 of these companies will be exhibiting with NAA for the first time.

Conference Highlights:

March 9: Tony Hsieh, CEO of Zappos.com
Under Tony Hsieh’s leadership, the online show store zappos.com has grown gross merchandise sales from $1.6 million in 2000 to $840 million in 2007 by focusing relentlessly on customer service. Hsieh will share his experiences providing a culture that promotes excellence in customer service, a key component to this remarkable success story.

March 10: Future Business Models
In this session, Jim Chisholm, principal at iMedia Advisory Services, will share his findings and recommendations from a comprehensive analysis on newspaper financial models for the future. Afterwards, newspaper executives who are rethinking the traditional publishing model will share the strategies and results from product transformations at their own companies.

March 11: A Conversation with Lee Abrams
The Tribune Company over the past 12 months has moved aggressively to transform their product strategies and remake the traditional newspapers, including re-designs, shifting the editorial/advertising ratio, re-thinking content focus/presentation, launching companion tabloid products, breaking news sites and other innovations. Lee Abrams, Tribune’s chief innovation officer, has been the provocateur for many of the changes.

Full information on the conference, including programming and registration details, is available at mediaXchange.naa.org.

###