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	<title>Comments on: Why it&#8217;s so hard to move print revenue online: The loss of scarcity</title>
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	<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/</link>
	<description>A collaborative effort to figure out the future of journalism. A project of Harvard University.</description>
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		<title>By: Lab Book Club: A look back at the early days of online news &#187; Nieman Journalism Lab &#187; Pushing to the Future of Journalism</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-8554</link>
		<dc:creator>Lab Book Club: A look back at the early days of online news &#187; Nieman Journalism Lab &#187; Pushing to the Future of Journalism</dc:creator>
		<pubDate>Tue, 24 Feb 2009 20:39:41 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-8554</guid>
		<description>[...] in at No. 26 in the Alexa rankings.  In local markets, the story&#8217;s not much better, with local newspapers fighting for audience among the incredible abundance of online content [...]</description>
		<content:encoded><![CDATA[<p>[...] in at No. 26 in the Alexa rankings.  In local markets, the story&#8217;s not much better, with local newspapers fighting for audience among the incredible abundance of online content [...]</p>
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		<title>By: Apogeonline &#187; L&#8217;evoluzione del giornalismo</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-7606</link>
		<dc:creator>Apogeonline &#187; L&#8217;evoluzione del giornalismo</dc:creator>
		<pubDate>Tue, 10 Feb 2009 15:03:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-7606</guid>
		<description>[...] concorrenza, perchè i canali non sono più solo quelli dell&#8217;informazione canonica e, anzi, spesso sono meno competitivi. Poi perchè la pubblicità online risulta meno efficace: gli utenti la percepiscono meno, ha meno [...]</description>
		<content:encoded><![CDATA[<p>[...] concorrenza, perchè i canali non sono più solo quelli dell&#8217;informazione canonica e, anzi, spesso sono meno competitivi. Poi perchè la pubblicità online risulta meno efficace: gli utenti la percepiscono meno, ha meno [...]</p>
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		<title>By: Links for January 30th through February 5th &#124; byJoeyBaker</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-7444</link>
		<dc:creator>Links for January 30th through February 5th &#124; byJoeyBaker</dc:creator>
		<pubDate>Fri, 06 Feb 2009 21:22:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-7444</guid>
		<description>[...] Why it&#8217;s so hard to move print revenue online: The loss of scarcity Nieman Journalism Lab Push...: Advertising venues are now plentiful, newspapers are no longer a required middle man. Therefore: “It’s time to take a few lessons from Apple Computer.” [...]</description>
		<content:encoded><![CDATA[<p>[...] Why it&#8217;s so hard to move print revenue online: The loss of scarcity Nieman Journalism Lab Push&#8230;: Advertising venues are now plentiful, newspapers are no longer a required middle man. Therefore: “It’s time to take a few lessons from Apple Computer.” [...]</p>
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		<title>By: Eat Sleep Publish: Why the future of news brands hinges on net neutrality &#124; Journalism.co.uk Editors' Blog</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4578</link>
		<dc:creator>Eat Sleep Publish: Why the future of news brands hinges on net neutrality &#124; Journalism.co.uk Editors' Blog</dc:creator>
		<pubDate>Tue, 27 Jan 2009 19:05:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4578</guid>
		<description>[...] See also NiemanJournalismLab: &#8220;Why it’s so hard to move print revenue online: The loss of scarcity&#8220; [...]</description>
		<content:encoded><![CDATA[<p>[...] See also NiemanJournalismLab: &#8220;Why it’s so hard to move print revenue online: The loss of scarcity&#8220; [...]</p>
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		<title>By: How to grow local revenue, despite the ad inventory glut &#8212; Zero Percent Idle</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4515</link>
		<dc:creator>How to grow local revenue, despite the ad inventory glut &#8212; Zero Percent Idle</dc:creator>
		<pubDate>Tue, 27 Jan 2009 14:19:05 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4515</guid>
		<description>[...] what to do about this over-abundance of advertising inventory in our local [...]</description>
		<content:encoded><![CDATA[<p>[...] what to do about this over-abundance of advertising inventory in our local [...]</p>
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		<title>By: How to grow local revenue, despite the ad inventory glut &#187; Nieman Journalism Lab &#187; Pushing to the Future of Journalism</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4504</link>
		<dc:creator>How to grow local revenue, despite the ad inventory glut &#187; Nieman Journalism Lab &#187; Pushing to the Future of Journalism</dc:creator>
		<pubDate>Tue, 27 Jan 2009 14:00:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4504</guid>
		<description>[...] what to do about this over-abundance of advertising inventory in our local [...]</description>
		<content:encoded><![CDATA[<p>[...] what to do about this over-abundance of advertising inventory in our local [...]</p>
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		<title>By: MichaelJ</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4326</link>
		<dc:creator>MichaelJ</dc:creator>
		<pubDate>Mon, 26 Jan 2009 23:37:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4326</guid>
		<description>@ yelington,
I pretty much agree. A little quibble with the website stuff, but everything else. Yup.

@Tim,
While waiting for tmw&#039;s installment just one more cent:

Every small medium business - either retail or service thinks they need marketing. An idea I&#039;ve been floating around the blogger blablaba  is for newspaper ad salespeople to team up with printing salespeople. The team can offer the SMB a &quot;marketing solution.&quot; Includes a web ad buy, some print ads, and a bunch of brochures or posters and maybe some analytics from the web site. The comp deal might be an affiliate type relationship.

So far, except for the challenges of separate cultures, I can&#039;t see why this wouldn&#039;t work for local papers and local commercial printers, who are also in pretty deep trouble.

Any thoughts?</description>
		<content:encoded><![CDATA[<p>@ yelington,<br />
I pretty much agree. A little quibble with the website stuff, but everything else. Yup.</p>
<p>@Tim,<br />
While waiting for tmw&#8217;s installment just one more cent:</p>
<p>Every small medium business &#8211; either retail or service thinks they need marketing. An idea I&#8217;ve been floating around the blogger blablaba  is for newspaper ad salespeople to team up with printing salespeople. The team can offer the SMB a &#8220;marketing solution.&#8221; Includes a web ad buy, some print ads, and a bunch of brochures or posters and maybe some analytics from the web site. The comp deal might be an affiliate type relationship.</p>
<p>So far, except for the challenges of separate cultures, I can&#8217;t see why this wouldn&#8217;t work for local papers and local commercial printers, who are also in pretty deep trouble.</p>
<p>Any thoughts?</p>
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		<title>By: Tim Windsor</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4289</link>
		<dc:creator>Tim Windsor</dc:creator>
		<pubDate>Mon, 26 Jan 2009 21:32:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4289</guid>
		<description>@yelvington:

Steve,

Thanks for jumping in.

The comScore rankings for Baltimore aren&#039;t wildly out of sync with what I&#039;d seen in the past from many other markets, but I&#039;d be very interested in seeing any local news operations that are doing more than about a 20% penetration as measured by comScore. (I believe The Washington Post and AJC were outliers, if I&#039;m remembering correctly.)

But you&#039;re correctly anticipating where this is going - it&#039;s NOT about selling in a CPM world. It&#039;s about creating a media experience that does exactly what you suggest and creates opportunities for local businesses to see real results. 

Based on your comments and MichaelJ&#039;s above, I&#039;m rethinking the wisdom of my decision to split this post into two parts. Unfortunately, the draft isn&#039;t done, and I&#039;m out of commission until later tonight.</description>
		<content:encoded><![CDATA[<p>@yelvington:</p>
<p>Steve,</p>
<p>Thanks for jumping in.</p>
<p>The comScore rankings for Baltimore aren&#8217;t wildly out of sync with what I&#8217;d seen in the past from many other markets, but I&#8217;d be very interested in seeing any local news operations that are doing more than about a 20% penetration as measured by comScore. (I believe The Washington Post and AJC were outliers, if I&#8217;m remembering correctly.)</p>
<p>But you&#8217;re correctly anticipating where this is going &#8211; it&#8217;s NOT about selling in a CPM world. It&#8217;s about creating a media experience that does exactly what you suggest and creates opportunities for local businesses to see real results. </p>
<p>Based on your comments and MichaelJ&#8217;s above, I&#8217;m rethinking the wisdom of my decision to split this post into two parts. Unfortunately, the draft isn&#8217;t done, and I&#8217;m out of commission until later tonight.</p>
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		<title>By: Mediablogi - links for 2009-01-26</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4259</link>
		<dc:creator>Mediablogi - links for 2009-01-26</dc:creator>
		<pubDate>Mon, 26 Jan 2009 20:01:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4259</guid>
		<description>[...] Why it’s so hard to move revenue from print to online Kysynnän ja tarjonnan lakia ei pääse pakoon media-alallakaan. Jos paikallinen sanomalehti ei ole selvä markkinaykkönen paikallisissa verkkopalveluissa, vaikeuksia on edessä rutkasti. (tags: tulevaisuus mediabisnes newspapers) [...]</description>
		<content:encoded><![CDATA[<p>[...] Why it’s so hard to move revenue from print to online Kysynnän ja tarjonnan lakia ei pääse pakoon media-alallakaan. Jos paikallinen sanomalehti ei ole selvä markkinaykkönen paikallisissa verkkopalveluissa, vaikeuksia on edessä rutkasti. (tags: tulevaisuus mediabisnes newspapers) [...]</p>
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		<title>By: yelvington</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4211</link>
		<dc:creator>yelvington</dc:creator>
		<pubDate>Mon, 26 Jan 2009 16:52:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4211</guid>
		<description>There is a large truth here regarding scarcity, but I have some disagreements with some of the assumptions.

One is that local newspapers can not / will not move toward the left of the graph. There&#039;s plenty of evidence to the contrary among local news sites. While no local site is likely to achieve the level of ubiquitous utility that places Google in the #1 slot, there is little excuse for not being in the top ranks. The Baltimore Sun represents embarrassingly poor performance, not potential. 

The second is the assumption that ad avails is all we have to sell. Local businesses are not interested in ad avails, CPM rates, clickthough rates, and all the other details. They&#039;re looking for results (actual business transacted in the brick-and-mortar world) and -- importantly -- service. Local media sites have an opportunity to focus on understanding the client&#039;s business needs and tailoring packages of creative solutions that meet those needs. This requires a different skill set than past practices (mostly taking orders and picking up slicks), but a local news site is infinitely better positioned to provide such services than some randomly chosen global giant. Already many newspapers are selling local advertising that is actually delivered to geotargeted users through national sites via ad networks.

We need much more attention paid to the poorly developed local content-and-services model. While &quot;newspaper revenue dollars become online pennies&quot; might be true, it&#039;s also true that newspaper regular readers become online occasional visitors. 

Frequency of use is the responsibility of the newsroom -- or whatever we choose to call it today. The aging content model is simply not appropriate to the current information marketplace. News is not enough. Yet there are many poorly met, uniquely local information needs. And if journalists choose not to meet those needs because they don&#039;t fit a 20th century model of journalism, they will nominate themselves for unemployment.</description>
		<content:encoded><![CDATA[<p>There is a large truth here regarding scarcity, but I have some disagreements with some of the assumptions.</p>
<p>One is that local newspapers can not / will not move toward the left of the graph. There&#8217;s plenty of evidence to the contrary among local news sites. While no local site is likely to achieve the level of ubiquitous utility that places Google in the #1 slot, there is little excuse for not being in the top ranks. The Baltimore Sun represents embarrassingly poor performance, not potential. </p>
<p>The second is the assumption that ad avails is all we have to sell. Local businesses are not interested in ad avails, CPM rates, clickthough rates, and all the other details. They&#8217;re looking for results (actual business transacted in the brick-and-mortar world) and &#8212; importantly &#8212; service. Local media sites have an opportunity to focus on understanding the client&#8217;s business needs and tailoring packages of creative solutions that meet those needs. This requires a different skill set than past practices (mostly taking orders and picking up slicks), but a local news site is infinitely better positioned to provide such services than some randomly chosen global giant. Already many newspapers are selling local advertising that is actually delivered to geotargeted users through national sites via ad networks.</p>
<p>We need much more attention paid to the poorly developed local content-and-services model. While &#8220;newspaper revenue dollars become online pennies&#8221; might be true, it&#8217;s also true that newspaper regular readers become online occasional visitors. </p>
<p>Frequency of use is the responsibility of the newsroom &#8212; or whatever we choose to call it today. The aging content model is simply not appropriate to the current information marketplace. News is not enough. Yet there are many poorly met, uniquely local information needs. And if journalists choose not to meet those needs because they don&#8217;t fit a 20th century model of journalism, they will nominate themselves for unemployment.</p>
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		<title>By: Tim Windsor</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4198</link>
		<dc:creator>Tim Windsor</dc:creator>
		<pubDate>Mon, 26 Jan 2009 15:42:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4198</guid>
		<description>MichaelJ:

You&#039;re definitely on the same scent that part two of this post will follow tomorrow!</description>
		<content:encoded><![CDATA[<p>MichaelJ:</p>
<p>You&#8217;re definitely on the same scent that part two of this post will follow tomorrow!</p>
]]></content:encoded>
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		<title>By: MichaelJ</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4188</link>
		<dc:creator>MichaelJ</dc:creator>
		<pubDate>Mon, 26 Jan 2009 15:00:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4188</guid>
		<description>It would be helpful if newspapers just face the fact the online revenue is not going to cut it. The overiding problem is that CPMS are going to get cheaper and cheaper as more outlets come in play and as the costs of placing an ad keep going down.

Advertising is a good business for Google. They have lots of long tail in their infrastructure and the numbers are huge.

For the newspapers, they should use the web to identify their fans, assemble tribes and communities. Then they should harvest that information to sell them stuff. The web is awesome for selling stuff and gathering information on who is viewing what when.

The faster newspapers get out of the selling eyeball business and into the selling stuff business, the faster they can relax and start making money.</description>
		<content:encoded><![CDATA[<p>It would be helpful if newspapers just face the fact the online revenue is not going to cut it. The overiding problem is that CPMS are going to get cheaper and cheaper as more outlets come in play and as the costs of placing an ad keep going down.</p>
<p>Advertising is a good business for Google. They have lots of long tail in their infrastructure and the numbers are huge.</p>
<p>For the newspapers, they should use the web to identify their fans, assemble tribes and communities. Then they should harvest that information to sell them stuff. The web is awesome for selling stuff and gathering information on who is viewing what when.</p>
<p>The faster newspapers get out of the selling eyeball business and into the selling stuff business, the faster they can relax and start making money.</p>
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		<title>By: Michael J Pratt</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4166</link>
		<dc:creator>Michael J Pratt</dc:creator>
		<pubDate>Mon, 26 Jan 2009 13:33:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4166</guid>
		<description>Tim - You hit the nail on the head. It&#039;s precisely why we formed the Style Coalition (http://stylecoalition.com) as a (online) publisher driven guild of top content creators who can package and steer topically targeted content to advertisers with the idea of providing a much better return for them...and the publishers. To date, most of the focus has been by large networks to gather related sites ( I use &quot;related&quot; loosely) together and call it a focused set of eyeballs being delivered. While this led to an easy way to reach a number of readers, the return was terrible due to the near randomness of the target. In fact, it wasn&#039;t targeted at all. The publisher was left out of the equation (not so in the print world) Viewership CAN be targeted online, but it must be done from the bottom up, not the top down.</description>
		<content:encoded><![CDATA[<p>Tim &#8211; You hit the nail on the head. It&#8217;s precisely why we formed the Style Coalition (<a href="http://stylecoalition.com" rel="nofollow">http://stylecoalition.com</a>) as a (online) publisher driven guild of top content creators who can package and steer topically targeted content to advertisers with the idea of providing a much better return for them&#8230;and the publishers. To date, most of the focus has been by large networks to gather related sites ( I use &#8220;related&#8221; loosely) together and call it a focused set of eyeballs being delivered. While this led to an easy way to reach a number of readers, the return was terrible due to the near randomness of the target. In fact, it wasn&#8217;t targeted at all. The publisher was left out of the equation (not so in the print world) Viewership CAN be targeted online, but it must be done from the bottom up, not the top down.</p>
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		<title>By: Why it&#8217;s so hard to move revenue from print to online &#8212; Zero Percent Idle</title>
		<link>http://www.niemanlab.org/2009/01/why-its-so-hard-to-move-revenue-from-print-to-online/comment-page-1/#comment-4159</link>
		<dc:creator>Why it&#8217;s so hard to move revenue from print to online &#8212; Zero Percent Idle</dc:creator>
		<pubDate>Mon, 26 Jan 2009 13:00:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.niemanlab.org/?p=1179#comment-4159</guid>
		<description>[...] Post continued at The Nieman Lab&#8230; [...]</description>
		<content:encoded><![CDATA[<p>[...] Post continued at The Nieman Lab&#8230; [...]</p>
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