The Seattle Post Intelligencer ran it’s last print edition last week. Now the 146 year old publication will be serving up content exclusively on the web. This is a common trend with Newspapers across the country who are struggling to make money with print.
Is this a sad time? No, not really. It is just another evolution in the media industry. Younger generations are immersed in the internet just about daily and older generations are starting to catch on. In our fast paced digital society, subscribing to your favorite content and viewing it on your mobile device is beginning to take the place of walking to the mailbox with your morning coffee and robe. I, personally do not have one magazine or newspaper subscription.
“I think digital publishing’s absolutely the trend,” said Robert Grimshaw, publisher and managing director of FT.com, the Web site for the Financial Times. “Everything ultimately follows the consumer, and everybody is going online, so publishers have to be comfortable with operating in a different environment.”
According to the Magazine Publishers of America, the number of unique visitors to consumer magazine Web sites for the first quarter of 2008 averaged around 70.7 million unique users per month, a new record. In fact, online readership is rising at twice the rate of the general Internet audience.
MediaNews Group has been using digital to focus on its niche audiences such as lifestyle groups and specific communities. It is segmenting e-mails to reach special interests groups and, by adding more niche newsletters, it adds more ad inventory targeted to a specific audience. For example, Denver has many pet owners and dog lovers, so it has created a newsletter that targets this audience.
In the end, I think that newspapers with digital presences will be able to offer more to advertisers. Digital marketing offers more targeting capabilities and metrics than newspaper ever has.
Posted by Paul under Internet Marketing & Internet News | No Comments »