Newspapers will remain in demand

Source: thestar.com

Even with the push for new ways of delivering news, publishers of Toronto’s four dailies and three freebies are confident the demand for the newsprint copy won’t disappear, despite dire predictions of its impending death.

“I feel very optimistic about the long term for our news organizations … the best of times are ahead for the best of brands,” said Toronto Star publisher John Cruickshank, during a panel discussion at the Four Seasons hotel on Thursday.

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Newspaper Digital Revs Won’t Offset Print Decline

Source: mediapost.com

For at least a decade, newspaper publishers have been looking to the huge potential growth offered by digital advertising revenues — but now, 10 years on, digital revenues still make up a relatively small part of the business. Worse, slow growth in digital advertising means it’s unable to offset the precipitous, ongoing decline in print revenues…….Read entire story here

The glitch in Postmedia’s digital switch

Source: theglobeandmail
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Paul Godfrey escorted directors of Postmedia Network Canada Corp. (PNC.A-T10.00—-%) on a tour of the Calgary Herald earlier this year to showcase the struggling newspaper company’s digital future.

The Postmedia chief executive officer presented a remodelled newsroom where teams juggled written and visual content for the Herald’s websites, social media platforms such as Twitter and its 128-year old newspaper. The Herald has been so much “quicker off the mark” with digital initiatives, Mr. Godfrey said, that it is now one of the company’s most profitable divisions, and a beacon for change at Canada’s largest newspaper publisher.

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A newspaper company that prints all the right numbers

Source: theglobeandmail.com

Investors seeking growth have eschewed, quite rightly, the beleaguered newspaper publishing industry, as its members have recently been offering declining top lines. Value-oriented investors with an eye for meaty profit margins and chunky cash flow, however, have kept newspaper stocks in their sights……. read entire story

 

 

 

 

The Perils of Postmedia: News staff out, managing editor in, at Edmonton Journal

Source: albertadiary.ca – By David J. Climenhaga

This post also appears on rabble.ca.

The Press” … back in the day when the Edmonton Journal was a great newspaper. Below: soon-to-be Journal managing editor Stephanie Coombs, former Journal publisher Linda Hughes, Colonist founder Amor de Cosmos.

Just when it didn’t seem like another drop of blood was left to squeeze from its various Alberta stones, Don Mills, Ont.-based Postmedia Network Inc. pushed another five senior newsroom employees out the door of the Edmonton Journal on Friday.

The carnage at the Journal included two veteran copy editors, two graphic artists and a National Newspaper Award winning photographer.

Reports from Alberta’s deep south indicate a similar number of newsroom staffers were made to walk the plank at the Calgary Herald about a week earlier.

The situation at the Journal is actually worse than it appears at first glance, however, since not included in the casualties listed above are a veteran newsroom administrative support worker, gone from the building the same day after decades on the job, a talented young reporter who recently quit in disgust at the lack of support for journalistic effort, the newsroom’s Web and social media guru, who also quit, and a significant number of distribution employees.

Several other respected Journal reporters, editors and executives had already departed either during a round of layoffs and packages last fall or soon thereafter. Together, insiders claim these departures leave the paper with only about a dozen city-side reporters to cover the news in a city of close to a million people.

Possibly related to this, an announcement is expected tomorrow of a newsroom managerial reshuffling that is said to include the addition as managing editor of Stephanie Coombs, late of the Ottawa Citizen and more recently city editor of the self-evidently unhyphenated Victoria Times Colonist.

Ms. Coombs’ coruscating trajectory follows the path across the cosmos described by the Journal’s recently appointed editor in chief Lucinda Chodan, who is also a veteran of the once-great Victoria newspaper founded by Amor de Cosmos in 1858. That paper was known in those pre-media non-network days as the Daily British Colonist. For his sins, Mr. de Cosmos was briefly premier of British Columbia.

Probably more important to the decision-makers at Postmedia, however, was Ms. Chodan’s history at the Edmonton Sun, which some time ago went down the same dreary path now being trod by the Journal’s weary and diminished editorial staff.

Interestingly, some Journal insiders assert the latest bloodletting will leave the city room with a staff-to-management ratio of about two to one – that is, half a dozen or so senior editors to supervise about a dozen front-line newsroom workers.

At the risk of flogging a dead horse, anyone who has served any time in the newspaper business understands that this kind of staff cutting usually improves the bottom line in the short term at the expense of the quality of the journalistic product over time. The effect of this phenomenon is one of the key reasons for the decline of the Canadian newspaper industry, which the newspaper executives who made these foolish decisions inevitably blame on the Internet.

The desire for short-term gains regardless of cost at the metaphorically named Postmedia may be related to the corporation’s parlous financial state, described last month in the company’s own Financial Post publication as the effect of a combination of non-recurring charges related to cost-cutting and “declines in print advertising.” However, a series of acquisitions and other business decisions made over several years by owners including Southam Inc., Hollinger Inc. and Canwest all contributed to this doleful state of affairs.

Certainly, Postmedia President and CEO Paul Godfrey was quoted as saying in the same FP story that “debt repayment and cost management will continue to be priorities in the ongoing transformation in our business.” And so it would seem!

Postmedia may be extremely anxious to cut costs to make its stock more attractive, since it is “imperative” for the company to sell shares “if it wishes to remain a Canadian newspaper publisher under tax laws,” the FP story explained. “Under the law, advertisers are permitted to write down ad expenses spent on advertising with Canadian newspapers.”

Alas for Postmedia, its current owners are made up “primarily of U.S. hedge funds and banks that are former creditors of Canwest Global Communications Corp. The group bought the assets after the media conglomerate filed for creditor protection and was forced to sell.”

This all has remaining Journal employees on their knees nightly praying to whatever deity they worship that someone will buy the Journal and somehow return it to its salad days, when it had the reputation as the best newspaper between Vancouver and Toronto – or at least between Kamloops and Medicine Hat.

Lending credence to their fevered hopes is the fact that Linda Hughes, the Journal’s respected former editor and publisher who retired in 2006, was last year appointed to the board of Torstar Corp., publishers of the Toronto Star. As readers of this blog know well, the Star is the last great newspaper still publishing in Canada.

At least once before in recent years, Torstar looked at the Journal as a potential addition to its stable of newspapers.

Will Ms. Hughes and the Torstar Boys ride to the rescue of the beleaguered Journal? Tune in next time for another exciting episode of the Perils of Postmedia!

How Digital Editions Can Help Save Newspapers

Source:  editorandpublisher.com

Virtually all newspapers have websites that look good and have great functionality. So why aren’t they all producing acceptable amounts of profit? The question probably should be asked differently, “What do consumers and advertisers expect from newspapers?” Then ask, “What do they expect from the Internet?” The answers are different, but there is overlap. The area of overlap is an area of opportunity for creating a business that is needed by consumers and advertisers, and capable of creating value that translates into profits.

Continue to read entire story here

Newspaper reach holds steady, overall readership increases

Source: marketingmag.ca

The latest readership data from NADbank shows that newspapers’ print editions are still the most popular way to read them, staving off digital media’s quest for dominance, for now.

NADbank’s 2010 newspaper readership report shows that while migration to newspaper websites is still happening, readers continue to use print editions as their primary source for news. According to the report, 73% of Canadians read at least one printed newspaper each week; 22% visited a newspaper website each week.

The 2010 study also shows an increase in overall newspaper readership. The number of adults that read a daily or visited a newspaper website each week rose from 14.7 million in 2009 to 15 million in 2010. Both figures represent 78% reach in their respective years.

Across all markets, 73% of readers read a printed edition of a daily newspaper each week and 71% read only the printed edition.

While most adults roam between print and online editions, 6% visited only the newspaper website.

Painting the bigger picture, the study shows that nearly eight out of 10 adults living in daily newspaper markets read either a printed edition or visited a newspaper website each week.

On the average weekday, 47% of adults read a printed daily newspaper, 43% read a Saturday edition and 21% a Sunday edition.

The study gives newspaper readership results for 82 Canadian newspapers and two Detroit newspapers in 53 markets across Canada. NADbank’s database contains the readership habits of 72% of Canadian adults.

A breakdown of readership in the top 10 markets delves into weekly readership for print-only and total readership. The highest readership overall (for both print and online) is Winnipeg (79% weekly printed, 83% total weekly). Next is Vancouver (76% weekly printed, 80% total weekly), Ottawa-Gatineau (73% weekly printed, 80% total weekly), Quebec City (76% weekly printed, 79% total weekly) and Calgary (74% weekly printed, 78% total weekly).

In addition to the 2010 readership study released yesterday, which contains readership and demographic data, NADbank is readying its 2010 Supplementary Report in May, which will include the 2010 single-year data for the top six markets—Toronto, Montréal, Vancouver, Ottawa, Calgary, and Edmonton—as well as Halifax.

Originally published in Marketing Magazine,March 31, 2011