Publishers & Owners: Demand Web ROI

Here’s a peek at the latest keynote speech I’m preparing to deliver.

Each year, we throw capital and manpower at the insatiable beast known as the Internet. Usually with crappy results. We’re now forced to take a much closer look at the digital ROI of our newspapers, management teams, and the feasibility of some questionable, interactive business plans.

Public/private equity ( Alden Global Capital ) and owner/operators have grave concerns about two newspaper issues: their limited success with digital revenue, and the rapid growth and lofty valuations of Huffington Post, Groupon, Reach Local and Patch. Making matters worse, these new players are going after the same budgets that newspapers have gorged and relied on for decades.

This eye-opening session is not about online sales tips & editorial tricks. It’s not a ‘future is bright if we only change’ lecture. Rather, we call out the 800 lb. elephant in the room: why don’t we run our websites like our print business? ( where profit, margins and realistic tactics always come first )

Mel Taylor Media has first-hand knowledge of these issues, and the specific fixes that should be considered and applied. Mel Taylor has spent over 15 years working with both traditional media and online-only ventures, in their pursuit of building a profitable, online business. Mel’s ability to clearly communicate the issues and actionable remedies will make this session immediately valuable to all who attend.

Analysis & recommendation delivered in framework that will resonate with:

  • Publishers, owner / operators, COO, CEO, CFO’s
  • Financial institutions, private & public equity, industry analysts

Session also provides insight and specific recommendation about:

  • Determining digital asset valuations when buying or selling a media property
  • Is my property operating efficiently as possible?
  • Low cost & no cost technologies/tactics to consider.
  • Why, when and how to outsource & automate
  • Buy, build or partner? Mergers & acquisitions. The digital media roll-up is on!
  • What’s better — being an aggregator or aggregatee? Paywall pros & cons
  • Financial benefits of a ‘digital first’ strategy & employee culture
  • Is your VP of Digital primarily focused on profitability or page views?
  • Potential legal implications of aggregation, search, and fair use
  • Workflow, management & compensation. Breaking common chokepoints
  • Overview of key competitors going after local advertising budgets

Penn Jersey Hyper-Local Network

Penn Jersey Hyper Local Ad-Net 8.20.10

CUNY Hyper-Local Online Revenue

Jeff Jarvis held a hyper-local, mini-camp at the Graduate School of Journalism in NYC on Nov. 11, 2009.

It was called: The  New Business Models for News  conference.

I was invited to do a session focused on helping hyper-local web publishers, build realistic business models in order to grow revenue. Here’s the actual presentation:

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TV vs. Newspaper; Local Online Video Battle

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A movie about a local TV news team anchored by Ron Burgundy, becomes a hit. Did the writers really have to stretch their imagination in order to come up with bits for this Will Farrell flick? Not likely. For fodder, they just turned on the local newscast of Anytown USA.

Local TV news; Change or wither. Andrew Hayward, former president of CBS News, shared his thoughts about local TV news, and he pulled no punches. You don’t have to be a mind reader to pick up his vibe……. it better change, or it’s doomed. Here’s what I gleaned up from his speech via an article in a Louisville newspaper. Read the entire article by Rick Redding here.

  • Local stations focus too much on crime/murder, since it’s easier to do and video friendly.
  • Viewership is shrinking, blood ‘n’ guts stories aren’t relevant to audience.
  • Breaking News Alerts …..sensationalizes events that aren’t really news.
  • Local, linear newscasts: no longer needed in a world of unlimited, on-demand news choices.
  • Nobody under 40 is watching the local anchor. They don’t even know his name.

Some steps to fix it:

  • Hire journalists with a different look, who have roots in the community.
  • Hire more of those with an expertise in a specific topic or category.
  • Don’t always hire a model with a master’s degree in broadcast journalism. Instead, consider hiring a less-qualified local with less-polished look, and give new hire the freedom to find humor in news stories.
  • Get more VJ’s on the street. (video journalists). Capture more local video with substance.
  • See Online as real-time 24/7 newscast, NOT a dumping ground for stale packages from last night’s 11pm cast.

[Read more...]

Online Video for Revenue

Things I hear from local media clients about video:

  • We’d LOVE to do more online video; but it’s cost & manpower prohibitive right now.
  • We’re shooting video and posting it….where’s the money?

Online video needs to be SALES based for now.

For publishers, there just isn’t alot of investment capital to put into a huge online video initiative right now. So here are the basic, boot-strapping ways to get started in the world of online video.

Equipment, Software and Hosting: Click below to watch a simple video I produced employing many of the recommendations in this post.

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I shot all the stills and video with a basic consumer camera, purchased from a local Best Buy; the Canon Powershot. I carry this thing everywhere….so should your reporters…..ya never know when you’ll be near news worthy subject matter! For a digital still camera, the video quality is surprisingly good. This was edited with a $99 software program called Adoble Premiere Elements (could have easily used Windows Movie Maker or Apple’s i-Movie which are built in, on all computers), ……..I used Picasa for free photo editing……used Blip.TV and YouTube to easily post and share/embed my video for free.

Click here to read entire post

Re-Launch of Philly.com

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With Yoni at Philly.com

 

It was a great experience watching the team at Philly.com  re-launch their site. I was lucky to be working on some other projects for Philly.com at the same time….in the same offices. 

I was contracted to develop a stand-alone website devoted to the local music scene in Philly. Our goal was to become the go-to destination in Philly for bands, fans and venues.

The site is called Phrequency.com.  Check it out….ESPECIALLY if you are a Radio station !

One of my favorite past times while at Philly.com was barging in on managing editor; Yoni Greenbaum. Normally I like to use some sort of weapon (like a hammer) to get his attention.

What I learned from an NYC agency today.

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Spent some time with a New York City based advertising agency today. Spoke with the interactive buyers, as well as those in charge of broadcast and print. Guess what? They’re ALL interested in buying web in some form, even non-banner inventory, even though they may have originally been focused on broadcast or print, or plain ole banners.

At first I thought all 3 buyers would have a separate bucket of marketing dollars from which to pull.
But no. All 3 that I talked to, had access to a central pool of dollars that they could use to solve a marketing challenge; whether it be in print, broadcast, online or some other form of marketing or promotion.

Makes sense. The days of relying specifically on one form of marketing or another, are over. Lucky for me, I had a fairly large bag of tricks up my sleeve; rich media display ads, sem/seo, online video solutions, as well as event marketing placement.

Tips for Keeping your Media Job ?

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Think your job is safe in Broadcast or Newspaper?  Hopefully it is. But just in case you want to be pro-active in order to increase your chances of avoiding a layoff…..read this……

After 32 years in the biz, sport writer Paul Oberjuerge got whacked from the San Berdardino Sun. Unfortunately, this is an all to common occurrence. Not just in Newspaper, but in Broadcast too.  Paul drew up a list of  “Tips on Keeping Your Print Journalism Job.”  Some of it is politically incorrect. Some might make you cringe. Yet, it’s worth a read.

Alot of this stuff applies to those in TV and Radio as well.  Note that “embrace the Web” is Number One. Here’s a few from the list:

Ten Tips for Staying Employed:

1. Embrace the web. It’s going to be extra work, and you’re going to be on your own 24-hour news/opinion cycle. But that’s how it is; you can rest up when you’re dead. Management is keenly aware of the foot-draggers on this front. Don’t wait to be ordered to “serve other platforms” of the paper. Volunteer. Blog. Post photos. Consider video. Offer podcasts. Do web-only quick-and-dirty news stories. You’re a multi-media machine now!

4. Stop whining. Journalism is a business notorious for its contrary and crabby people, for second-guessers and “that’s not how we’ve done it before” grousers. Five years ago you might have been overlooked as the Charming Curmudgeon. Now, you’re the Negative Nellie. When the call comes down to trash another 10 percent of the newsroom, don’t be the relentless kvetcher who immediately pops into the editor’s mind. Oh, and remember, “second-guessing” now consists of anything other than instant acceptance.

 Read all 10 here.

Newspaper Web Conference: E-EDGE

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It’s no secret. I’m bullish on the future of Newspapers. Not only in it’s current print form, but it’s future as hyper-local, multi-media news/info organizations.

Reverse publishing strategy, development of PROFITABLE online video/audio applications, and the re-training/re-deployment of sales & editorial staffs are just some of the areas that I am very enthusiastic about. So, I’ve ramped up my efforts in moderating more conferences that focus on these emerging, revenue generating trends.

Whether you’re a Newspaper exec, or you’re competing against them, you’ ll want to attend this important Web-focused conference. It’s called “e-Edge”. It’s part of the upcoming America East Newspaper Conference, starting March 10, in Hershey, Pa.

I’ll be moderating a panel called “Peek under the Hood”. It’s a look at what Radio & TV are doing to attract business to their websites, and how Newspaper is successfully fighting back with innovative video and audio initiatives.

The panel features:

  • Mike Sechrist; former GM of WKRN-TV in Nashville. This web-savvy TV veteran is THE pioneer in the world of TV and Internet. Notable achievements: the local blogger aggregation of Nashville is Talking, and installing the controversial, yet smart VJ/Mobile Journalist model into the newsroom. Mike will highlight some ways that Newspaper can pull advertising dollars away from local TV and Cable.
  • Ron James, Content Manager, SignOnSanDiego.com. Ron oversees the San Diego Union Tribune’s groundbreaking online radio efforts; www.SignonRadio.com, and www.AmplifySD.com. Radio is asleep at the wheel in this area, and Newspapers are moving quickly into this space. Ron will share his experience in the start-up efforts, and evolving strategy behind Newspaper’s revenue driven move, into online Radio and Podcasting.
  • Ken Dardis, VP, Marketing, Spacial Audio. A veteran radio broadcaster that has lead the charge in helping Radio evolve it’s mature business model to the Web. Ken will share his thoughts on where Radio is going in regards to the Internet, and where they’re making HUGE mistakes. 

Newspaper Adopts Latest Online Video Tools; Surpasses TV ?

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Local TV automatically wins the online news-video war? Not so fast there bucko. The pic on the right, is a multi-media setup  that some pioneering journalists are starting to use. It’s how Newspapers will move into the space that Broadcast used to own.

Newspaper reporters: getting out from behind their desks and reporting from the field. (where the news is breaking) They are gathering and uploading news (in all forms: text, video, stills, etc.) within a very short turn-around time. Sometimes it’s live. This trend is also an early look at how Newspaper will be able to go after juicy Broadcast and Cable advertising budgets.

Taking offline content and dumping it online will not be enough. For local media, it’s a start, but it’s far from a long-term winning strategy. As the news business teeters on becoming a commodity, smart local media operators are adding more value to their core competency of news. Online video and Rosenblum evangelized mobile journalism, will be a big part of that new value.

MoJo tool kits are compact, relatively cheap, and easy to use. Some feature the Nokia N95 phone for stills, video, and mobile uploading of reports. From my perch, Newspapers and independent journalists/bloggers are eating this stuff up, while TV sees these tools as amateur and sub-par. TV’s snubbing of mobile journalism will allow Newspapers and indie bloggers to carve out a substantial position in the online video and news space. Read Cyndy Green’s take on this here.

Samples of Newspaper online video. Gannett is doing it like this. The Shelby Star is doing it with their mobile STAR CAR. The Knoxville News Sentinel like this. Here’s a list of other Newspapers doing video. Granted, for some, the quality may need a bit more polish. That will certainly come with time.

Newspapers are also exploring Online Radio. For starters, they can basically stick a microphone in front of their outspoken writers on staff. Ex: Ron James from the San Diego Union Tribune is leveraging his print staff to program SignonRadio. (He also hired well known talent, recently downsized from local Clear Channel Radio stations.)

Why so bullish on Newspaper’s online future? They have the largest collection of writers to feed the online beast. Here in my hometown, Philadelphia Media Holdings (Inquirer, Daily News, Philly.com) employs about 450 journalists. That’s more than the combined newsrooms of every TV and Radio station news staff in the city. Add audio, video and other web 2.0 skill sets to their tool belt, and you get a massive, multi-media news organization with a size-able, meaningful head start in the online news space.

Now, combine all this new technology with a large sales force with strong advertiser relationships….. and you get a real shot at building a powerful local news business for the 21st century.

Below is part of a video demo, of the “Mobile Journalist” tool kit.

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Local Dilemma: Integrate or Separate?

Your print & web folks…side by side…in the newsroom; the integrated newsroom.

Forward thinking newspapers are evolving into multi-media news organizations; where print employees are mandated to see web as equally important as print…..and in some cases, MORE important than print.

Does the print ad director sit next to the web sales manager? What is the bonus/commission structure like? How many reps sell web only? How many sell both print and web? How do they avoid sales cannibalization and in-fighting? How do they push more than just convergence up-sell packages? This is the stuff that can get really hairy at local media companies; building new revenue and sales models.

Experts suggest that media companies MUST turn their web efforts into separate businesses, complete with stand alone sales forces, offices, etc……and for the most part… we agree. Yet with that strategy comes a few near term landmines. The biggest hurdle I believe, will be to find strong online sellers/managers to staff these online-only efforts, especially within the confines of a bootstrap budget. This will not be easy.

A big can of worms.These newly hired web-only sellers could then be calling on the very same agencies and major advertisers that the traditional reps already have relationships with. Unless the financial motivation/bonus structures are adjusted, this will just cause an awful lot of in-fighting amongst reps. In addition, the media buyer would prefer just ONE point of contact with your company. These overworked agency types would HATE to carve out more meetings to learn about your company’s web packages, especially from eager green horns who hammer them all day with cold calls and email.

I’ve seen this firsthand: traditional reps selling against web reps; literally bad-mouthing the online offerings of the parent company. This happened because the commission structure and job description needed a refresh. The traditional manager offered up a measly 2% commission for each web sale. Behind closed doors, traditional reps would lament; “2% was not worth their time”. They also knew they would NOT catch heat, for NOT hitting their web budget.

Solution: Adopt a hybrid approach for the near term. Train and financially motivate traditional sales staff, while you build a separate web sales force to go after businesses that has been, for the most part, ignored. Maybe most importantly, make sure that the upper level managers get trained in all things web. How can they manage a web sales force, if they barely have a grasp of the online marketing space themselves?

Here’s a quick test to determine if you are managing and maximizing your web sales efforts properly. In regards to traditional sales staff, ask yourself these questions:

  • Does each seller have a mandatory web budget to hit? How did you arrive at that number?
  • Is the commission structure similar or better to what your NEW BIZ commission is?
  • Are there penalties in place if the rep DOES NOT hit their web budget?
  • Do you have senior reps that reluctantly sell web? Do they know their clients online strategy?
  • What is the total local online spend in your market? What is your share?
  • Does top management have strong grasp of web marketing? If not, how will they effectively manage the effort?

Newspapers winning with Local Online Video

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“Print folks see the future and are scrambling to take the high ground, while TV sits on it’s thumb….. thinking they already own it”.

That’s a killer quote from a new found friend of mine; Cyndy Green. Click here to read her blog on video journalism.

Indeed, TV may be a bit too confident in it’s ability to win online with video. Re-purposing last night’s report from a warehouse fire…ain’t gonna cut it. Could local broadcasters be too dependent on big cameras and pretty reporters?

Also…..Click video above to watch just how serious newspapers are in regards to online video. BEET TV interviews a former TV broadcaster, who is now the VP/GM of the New York Times website.

Kelsey conference; Topix CEO Chris Tolles interview

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I had a chance to talk to, and meet alot of influential people while at the Kelsey Interactive Local Media show last week in L.A. One of them was Chris Tolles; CEO of Topix, of of the biggest and fastest growing, online news destinations. It’s backed by 4 major newspaper groups. Topix also works with other media companies to grow and engage their online audiences through forums, classifieds, publishing platforms and RSS feeds.

Click above to see a short interview I had with Chris about an announcement that his company recently made. Chris also speaks to the opportunity that newspapers have, and why they need to look outside of their print companies for advanced online solutions.

Click here to see photos and thoughts about the show.