Posted by Mike Bawden under Uncategorized
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Great summary article on MarketingVox about the future of newspaper and, more specifically, the fact that newspaper’s online ad revenues aren’t (and won’t) replace the losses in circulation and ad revenues from their print editions. The grim predictions for the future of traditional newspapers are spelled out in more detail in this report from media research firm, Outsell.
The implications for the newspaper industry are pretty obvious. Less clear are the ramifications on the advertising and PR professions. If newspapers face an ad revenue shortfall of $20B (billion) or more in less than five years, then advertisers are going to need to find alternatives that provide the day-to-day consistency and credibility mantles currently assumed by the delivery of the daily paper.
For PR professionals, the demise (or, at the very least, the extreme shrinkage) of the newspaper industry could present a significant threat. For the last ten years we’ve seen an explosive growth of the “news hole” that requires content to fill. But as ad revenues shrink, so will page counts and the size of that content hole.
Don’t expect online to provide a suitable replacement anytime soon. Even with in inexhaustible capacity for content, someone has to edit it, promote it and present it. As newspapers go away, so will a lot of the editorial capacity needed to ensure quality and maintain reader interest.
Thoughts?
Technorati Tags: Newspapers, Circulation, Advertising Revenues, Public Relations, PR, Advertising, News Hole
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