There’s a common thread between these two newspaper-industry case studies:
- Lean-and-mean community newspaper publishers who are thriving amid a collapsing print media sector;
- The Seattle Times, paradoxically in better shape now that Seattle is a one-newspaper town.
In both cases, the success of dead-tree editions boils down to a lack of local, in-depth reportage for those regions on the Web. It’s a glaring fall-through, considering that online micro-publishing is supposed to trump old media in that arena. It’s a similar situation with the advertising dollars: As much as Craigslist has gutted most dailies’ classified sections, it doesn’t serve small-scale community news coverage areas as well as print. And in Seattle, display advertising is finding a single major newspaper — with bolstered subscriber circulation — to have more effective reach than alternative outlets
It’s notable that these favorable conditions for broadsheets and tabloids apply to both small markets like rural Georgia, as well as a big metro like Seattle. It points to how the Web functions a little too much like a scale-dependent mass-market medium — traffic numbers still rely on population, concentrated or not. Whether or not this persists as the Web becomes even more ubiquitous, and thus truly the first-choice media channel for everyone, remains to be seen. If nothing else, it provides breathing room to the most endangered of big-city dailies (none of which have folded in the nearly half-year since they were marked for death — surprising).
Category: Business, Internet, Publishing
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I guess the revenue split between the Times and the old P-I wasn’t enough to keep either of them afloat.
Then again, following the “when in doubt, predict the trend will continue” rule, I figure the last of the joint newspaper operations will be dead by 2015, if not sooner.
Comment by CGHill — 08/10/2009 @ 6:16 PM
@CGHill: No doubt. JOAs were devised when cities/towns with 3-4 papers were being pared down to 1-2, thanks to that wicked newspaper-killing technology, yes — TV. The death of the journalism business has been decades in making…
And from the Seattle situation:
Joint operating agreements “delay the inevitable death of the second newspaper, which becomes a drag on the operation,” said John Morton, an independent newspaper industry analyst. “It’s not too surprising that The Times is doing better on its own.”
Comment by CT — 08/10/2009 @ 6:24 PM