Jan
2010
As someone who works as a professional blogger, I hear endlessly about how print media is blaming all of its woes on “new media.” Well, I’ve got a news flash for you, if you just stop whining and work at it, you can save yourselves.
Earlier this week, Peter Kafka at Media Memo reported that magazine publisher Condé Nast sold 6,614 copies of the Dec. issue of GQ via iTunes, and some 12,000 copies of the Jan. issue. At $2.99 each, that comes out to $55655.86, minus the 30 percent Apple keeps from app sales means they grossed $389595.10. Of course this doesn’t count in conversion from print, paying writers and so on, but it does show that an experiment can work, and there is money to be made on the iPod Touch and iPhone for print media.
Of course it isn’t just Apple products where print media is pulling itself up by the proverbial boot straps. I recently interviewed Paul Greenberg, Executive Vice President & General Manager of TVGuide.com, for TechnoBuffalo. You would think of all the publications from the old days of ‘print as king’ that should have died off, TV Guide should be fairly high on that list due to the nature of on-screen guides from your cable company and satellite providers. Instead the company is thriving in the digital age with a Web site that is drawing in users in droves. Here are just some of its statistics:
- Four years ago the site averaged four million unique visitors a month, it is now at 21 million a month with 45 percent year-over-year growth
- Each user averages a session time of 18 minutes, 36 page views per visit and five visits per month
- 50 percent are under the age of 35 (25 percent four years ago), and 29 percent have an annual household income of over $100K
- iPhone app has over 400K installs
If you aren’t familiar with Web statistics, 18 minute user sessions is a huge number. Most sites are happy in the single digits, but TVGuide.com is not just pulling them in through search engine optimization, they are keeping them there once they arrive. This is a huge selling point for advertisers that want to by ad inventory on the site.
So here you have two stalwarts of the old guard print media that have quietly been working on ways to keep up with technology, and making it work for them. On the flip side you have Rupert Murdoch of News Corp whining and moaning incessantly about the evils of new media. His solution to all of this is to pull his company’s content from the Web as much as possible. He is trying to get other publishers to agree with him to cut off Google from being able to index their stories because they feel they are nothing more than thieves. In addition to casting out these scoundrels, they also want to begin charging for their content.
Of course what they don’t understand is that by cutting off indexing of their sites, it won’t matter if they charge for their stories, no one will be able to find them.
Just as the music industry has tried to blame all of its woes on piracy, the majority of print media is trying to find a scapegoat for their own short comings. At the FTC’s How Will Journalism Survive The Internet Age? conference back in Dec., Arianna Huffington of The Huffington Post spent the majority of her 25 minute speaking session attacking these ideas according to paidContent.
Apparently, some in the old media have decided that it is, in fact, an either/or game and that the best way to save, if not journalism, at least themselves, is by pointing fingers and calling names. In most industries, if your customers were leaving in droves, you would try to figure out what to do to get them back.
And that brings us back to the start. There are at least two companies that have stopped their finger pointing (not that they ever did any actual finger pointing to the best of my knowledge) and done things to get their customers back. One has gone a paid route, the other has remained free, so it is evidence that both methods do work, but it is still evidence that print media can survive in the digital age as opposed to hunting it down like Frankenstein’s monster, torches in hand.
One of the things Mr. Greenberg from TVGuide.com said to me repeatedly, and it really stuck with me, was that the site was successful because it was “immersive.” When you visit their site, the wealth of information you find relating to any television property is impressive by any measure. He also said one of the keys to the TV networks surviving the onslaught of online media was that “they have to evolve quickly.” Well, yes, they do, and so do their print counterparts.
It is a law of nature that if a species doesn’t evolve to new surroundings, it dies off. Print media has to evolve, and it has to do it as soon as possible. If they are busy using their fingers to point to the evil new media as opposed to typing out code on keyboards, guess what’s going to happen to them.


I am not sure I have ever been as insulted as I was last night.
Why is it writers have become obsessed with the word “killer”?
Day 3 of “The Blogopshere vs. the FTC” brings us the full set of guidelines, and wow are they head spinning.
For as old an organization as the Associated Press is, you would think that might have some people around the offices that might be able to tell them how the Internet works.
Think I’m alone in these thoughts?
After a long bout with illness, Walter Cronkite has passed away at the age of 92.
Sometimes I read something online that is so mind numbingly stupid that I can’t even conceive how someone reached that conclusion. Yep… this is one of those times.
It’s times like this that I think back to Douglas Adams’ The Hitchhiker’s Guide to the Galaxy.
Isn’t it amazing what a year, and an economic crisis, can do to change the perception of an industry?
So, how far off is Mr. Penn from reality?
