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  • Key is relentless engagement but in a way that it constantly enforces the core brand. Engagement with end users without “the brand” being the central thread will not be effective. So, start with defining what the brand is. What are the core aspects the brand wants to be related with and then look for engagement opportunities that have the opportunity to express these core aspects. http://www.inkattech.com/digitalmedia/
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    Digital Media Strategies 2013 - Full Report from TheMediaBriefing Digital Media Strategies 2013 - Full Report from TheMediaBriefing Document Transcript

    • 1 Digital Media Strategies 2013: Paywalls, advertising, mobile and marketingInsight and intelligence from TheMediaBriefing’s Digital Media Strategies conference, February 19 & 20 2013.© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 2Editor’s noteWelcome to the collection of TheMediaBriefing’s coverage from Digital Media Strategies 2013. We wanted toput all our coverage in one place as a research aid and memento for what was a great event.Since 2006, while I’ve been chronicling the troubles besetting big and small publishers for various tradepress outlets, despite some slightly misguided optimism, the mood has been mostly bleak.This was reflected in many industry conferences, where the mood alternated between print­based publishersarguing all was not lost and others explaining if things didn’t change quickly... it would be.But the conversation has moved on. Our Digital Media Strategies 2013 showcased scores of case studiesand examples of publishers building new revenue streams and exuding confidence about their future. Whatwas once a theoretical opportunity ­ such as tablets and mobile ­ is now delivering real revenue. People dopay for content. Advertisers are increasing digital spend.TheMediaBriefing was founded in 2010 to showcase the best ideas and strategies for revenue growth andreaching profitability; the question we’re always trying to answer is: “How can professional publishers stayrelevant, sustainable and profitable for next 10 years?”That, I feel, is what this event was about. Thanks again to all the speakers, delegates and sponsors whomade it happen.Patrick SmithEditor and chief analystTheMediaBriefing.comp.s. If you’d like more  insight on the global media industry, sign up for our weekly newsletters atTheMediaBriefing.com/newsletters.© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 3About TheMediaBriefingTheMediaBriefing started as a publishing experiment in 2010. Founders Neil Thackray and Rory Brownwanted to build a new user­centric business media company that combined curated articles with in­depthopinion, analysis and personality.We set out to use semantic technology to intelligently thread content together and provide a deepermeaning to topics, companies and key personalities in a very specific niche ­ the media industry itself.Patrick Smith joined the company from day one as our lead analyst. We now send out nearly 50,000individually requested e­mails each month covering the major strategic issues in Newspapers; B2B Media;Magazines; Mobile; Broadcast: Digital Media and Media Finance. These newsletters are read by keyopinion leaders around the globe.As TheMediaBriefing has grown over the years we have hosted a range of influential strategy events inLondon. Each has in some way set the agenda for the industry and allowed teams to network and shareideas with their peer group. TheMediaBriefing is also the organiser of The British Media Awards held in Aprileach year. A gala event to showcase innovation and excellence across all sectors of the UKs dynamicmedia business.This event is perhaps the greatest embodiment of our community. We aim to appeal to all parts of the mediaindustry ­ from large multinational publishing empires to small digital start­ups experimenting at the bleedingedge and creating new business models. Our industry is in the midst of disruption but opportunities aboundand TheMediaBriefing looks forward to being your guide to that brave new world.If you dont already get our free newsletters you can sign up to be part of TheMediaBriefing community here:www.TheMediaBriefing.com/newsletters.We have a new version of the site coming soon and are also working on a range of additional Briefing sitesfor other industries. You can find out a little more about us corporately at www.BriefingMedia.com.© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 41.  A digital, data­driven media landscape ­ Mark Read, CEO, WPPDigital and WPP Strategy DirectorBy Patrick SmithProfessional publishers have to execute on several fronts to stay relevant and profitable in adigital world: social media, data management, ecommerce and generating and leveraging acommitted audience. Just in case you thought it was going to be easy...Thats the word from Mark Read, CEO of WPP - also WPPs head of strategy - who openedour Digital Media Strategies 2013 conference, taking place in London on Tuesday andWednesday.He told the gathered throng of senior media professionals that the global tides of mobile,digital consumption and device proliferation will leave no one untouched."I dont know, for the print publishers in the room, Im going to cheer you up," he says,before showing the latest WPP stats on the shrinkage of print from a global adspendperspective; from 37 percent in 2007 to 18 percent in 2017.© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 5-- Shift to mobile: But mobile ads are growing right? Yes, but "it will be deflationary ingeneral," warns Read."If you go from pounds to pennies in digital pennies to when its even tougher."-- Low cost vs niche publishing: Read draws a distinction between low-cost, mass appealsites, the shining example being Mail Online, and more in-depth niche content destinations,where "not many people can win at this end of the spectrum."But why, he asks, haven’t magazines - the traditional entertainment publishers in print -taken on the online entertainment mantel online, as Mail Online has?"Magazines particularly have passionate readers with narrow interests and Ive always beenperplexed why they havent built stronger presence online. You would have thought theywould - maybe its the difference in the publishing cycle."Why has the Daily Mail built a position as an entertainment site that Hello!, Grazia, any othersupposedly better-qualified publishers could and should have done?"-- Ecommerce: Be in no doubt - getting this right is crucial. Read points out thatNet-a-Porter now employs more journalists than Harpers Bazaar. "When you look at this arelooking at an ecommerce site or a magazine site?" he asks.-- Data-driven buying: Forget the jargon around real-time bidding ad exchanges - all youneed to know is that the worlds biggest advertising agency holding company wants to addmore efficiency to he ad buying process - and it needs your help."Weve decided to invest in tech to drive the buying side of the business. Agencies used todeal with things through faxes and manual process - thats no longer enough. we need todeal with publishers more directly and I would urge publishers to work with on us on this."There are a lot of people there whose job is to take margin out of the process. Our jobis to share that margin back."2.  Douglas McCabe of Enders Analysis on online audienceconvergence and ARPUBy Jasper Jackson© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 6Audience fragmentation has long been associated with the transition to digital - but what ifonline actually makes your audience converge?Thats what is happening to newspaper audiences online, according to Enders Analysis COODouglas McCabe.Why? Well, McCabe told TheMediaBriefings Digital Media Strategies conference in Londontoday that its a simple matter of scale.Newspapers audiences in print have relatively predictable demographics; Sun readers tend tobe younger and less affluent than Telegraph readers. But online, audiences are so largethey cluster around mid-income, young(ish) users."All the websites of those news business are competing for the same demographic," saysMcCabe. "There is an enormous convergence of audience because reach is so much larger."That not surprisingly makes user data especially important and McCabe says publishers needto be much more aware of what data they can collect on their users. They should also beaware how much of that information is being collected by other companies.But it also means publishers need to measure the success of their business differently bytaking into account average revenue per user (ARPU) - not just profits and totalrevenues."Publishing traditionally hasnt focussed on ARPU," says McCabe. "But increasingly in a worldwith massive audience potential (and scale), ARPU is something that needs to be understoodand be at the heart of service provision itself."Earlier in the day, WPP Digital CEO Mark Read told the conference mobile usage wouldexperience huge growth, but would have a deflationary impact on ad rates. However,McCabe offered some reasons to be positive for traditional publishers."Quite a big proportion of online news consumption is happening on websites built bynewspaper businesses,but on mobile they fare even better and get an even largerproportion of time."© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 7"Every mobile has 30-40 apps on its screen. Those are the sites I use all the time, and thattype of behaviour benefits print brands."That should mean for traditional publishing business that get their strategy right will be in aposition to monetise mobile effectively."3. WSJ digital managing editor Raju Narisetti on the intersectionbetween tech and contentBy Jasper JacksonWhat should newspaper publishing in the digital age look like ? Its the intersection oftechnology and content - with developers embedded in the newsroom and a platform-neutralsubscription strategy.Thats the vision of Raju Narisetti, the head of the Wall Street Journal Digital Network who isputting this new way of working into practice.Narisetti told the Digital Media Strategies conference in London on Tuesday, in an in-stage© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 8interview with TheMediaBriefing editor and chief analyst, that great content is no longerenough to differentiate the WSJ from competitors like the Times or Telegraph."Most big news rooms have focussed on creating great content, and thinking the audiencewill come and hopefully theyll pay," says Narisetti."But having great content is no longer enough - everybody gets the same news.""The experience the audience are getting from the content is what will differentiateus from competition and all experience only come at intersection of content andtech."That, says Narisetti means taking on the difficult task of bringing new technology and newexpertise into the newsroom. In his previous role at the Washington Post, Narisetti saw theeditorial staff reduced from 850 to around 600 - but also 100 new roles were created."Try putting your newsrooms and tech together it can be a nightmare. You have to embraceyour CIO and CTO.""Im a big advocate of embedding developers in the newsroom."Narisetti shared some stats on how the WSJ is moving to a platform-neutral approach to itssubscribers.-- Print vs Online: The Wall Street Journal has 2.3 million readers in print, but a whopping60 million online.-- Mobile: "Last month, 32 percent of my traffic came from mobile," says Narisetti A yearago it was 20 percent and a year from now it will be 50 percent."-- iPad: WSJ has 130,000 readers who just subscribe to the iPad app.Though the WSJ has increased print subscriptions - online is where the real growth is.However, Narisetti says the demarcation between print and online is fading."Audiences are blending together. We are starting to take the approach of WSJ everywhereas the business model - a subscription model where you can acess in any way."Narisetti says the device that currently makes up the largest proportion of WSJs traffic isthe smartphone - which is the platform providing the fastest growth - especially from Androidhandsets.4. Gated access: The headaches of customer service, technologyand tax© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 9By Jasper JacksonPersuading people to pay for content is the biggest challenge you face if youre putting up apaywall, right?Well, for most publishers thats only the start. As the panel on gated access models told theDigital Media Strategies conference in London, customer service, technology platformsand even tax can cause you just as many headaches.Customer ServicePhil Clark, digital and audience director at UBM Built Environment, says digital accessmassively increases the complexity of actually delivering content to your audience."Customer service fulfilment, whether it is around existing subs base or through to newcustomers coming in is the biggest hurdle," says Clark."Its an area we didnt consider enough - when you are sending out print you have someoccasional issues, but our fulfilment provider Dovetail services say 90 percent of theircomplaints are about online access."Nat Knight, group publishing director at Incisive Medias Risk Management division, adds:"People say our search function doesnt work in 2.5 seconds or whatever - they have theseexpectations of a website (to be like Google or Amazon."If Google starts providing exactly what we provide then well have a problem."TechnologyFor Knight, finding and implementing the right technology to operate a gated access model isan equally tough challenge."I never thought I would have so many dull meetings about tech," says Knight."If you work with a good team, you dont have to integrate entirely as a publisher. But youneed to work very closely with them, thats the biggest issue with any digital product."Bronwen Auret, general manager for South African business publisher BDFM, says that whilesomeone with the resources of the Financial Times might be able to develop their own tech© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 10platforms, smaller publishers have to work with partners to keep up."When you are a traditional business, to innovate quickly is quite difficult. I have a developerteam of four, and a building full of very clever traditional people but what we have tried to dois partner with people who are better."TaxAnother major challenge - one which applies to any paid for digital content - is VAT. Whileprint media is exempt from VAT in the UK - digital products are subject to the full 20 percentrate.The problem becomes particularly challenging when bundling together print and digitalaccess - often requiring publishers to assign an arbitrary value to digital which a subscriberis rarely aware of."Theres no set rule on tax," points out Clark. "The way weve done it is to account for adigital price, so weve split a subscription into a certain amount being print, and a certainamount digital. Overall you end up paying approximately six to eight percent on the digitaland print bundle."For Knight the calculation is easier, as Risk splits the nominal valuation of its digital and printsubscriptions 50-50. However, that isnt something the publisher discusses with itscustomers, and it leaves a huge degree of uncertainty about the legal status of thearrangement.He says: "We never talk about VAT when we talk about pricing. We shouldnt be setting whatthe tax levels are. Im sure the government would like us to do it more in their favour.""Im sure the government would like us to do more in their favour."5. The Economist: Unbundling and global expansionBy Jasper Jackson© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 11How do you get your customers to pay more and be happy about it? The answer could be assimple as offering them a wider range of products to choose from.Thats the approach that is working for The Economist - which last year persuaded half itsUS subscribers to pay 25 percent more for a digital and print bundle.Nick Blunden, The Economists global digital publisher told the Digital Media StrategiesConference in London that the key had been unbundling its subscription package, whichpreviously had only offered either digital only or the print magazine combined with digitalaccess.Blunden says: "We now have three options - print, digital and bundle. That may not seem likea huge change, but it has given us greater flexibility and given us opp to highlight value ofeach."It reflects the fact people are very comfortable paying more for bundle. Previously the pricefor both digital and print was $127. Now print-only is $127 dollars, digital-only is $127 andthe bundle is $160 dollars. Thats a 25 percent increase."The mix is now that 25 percent pay for digital only, 25 percent pay for print only, and 50percent pay for the bundle."In a world where we are all struggling to monetise our content, thats had a significantimpact."Blunden says the Economist is looking at expanding the range of different formats theEconomist offers - including potentially making the audio versions of its articles which arecurrently free to subscribers part of the bundle.Global ExpansionThough The Economist only comes in an English language version, Blunden says China andIndia are the fourth and fifth largest sources of traffic to The Economist online, and they sellmore digital editions in Asia-Pacific than they do in EMEA.He says there are no plans to produce The Economist in any language other than English orproduce regional editions. However, localised sales efforts have been vital to its successoutside Europe and the US."The regional structure of the commercial side has been critical," he says. "Localised pricing,marketing and social media has been critical to generating user demand."Trying to be a global business without having feet on the ground is almostimpossible."© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 126. Evening Standard MD: Circulation­chasing newspapers havebeen in denialBy Patrick SmithNewspapers have been "in denial" as they tried tricks and gimmicks to increase or maintaintheir circulation, and are guilty of pressing the "digital panic button" according to the man incharge of the London Evening Standard and Independent newspapers.Speaking at our Digital Media Strategies 2013 conference in London on Wednesday, AndrewMullins, MD of Independent Print Ltd, the holding company owned by Alexander Lebedev, saidthat newspapers have been run like loss-making football clubs."You had editorial who were creating products not for consumers but for themselves andwere measuring success by ABC audited numbers," he said."When you have a business driven by this topline number, you get low price content andpromotions, as most newspapers companies were. They were in denial - putting copies intoairlines and hotels and protecting that top line figure."Mullins isnt himself in denial about the advance of digital media, but hes a realist: "Ultimatelywe will go digital and it will be quality digital but how do you get there?"Standard reinventionMullins explained how the Standard went from losing £12 million in 2006-7 to losing as muchas £26 million before going free in 2011."Instead of pushing the digital button we thought: newspapers - is there a future for it?The answer, of course, was to go free: "When we looked at the Standard we thought wehad a unique opp which is the commute home. We thought if we can get this right maybe wecan stop people going over to digital."And the results are staggering:-- Average daily distribution has risen from 260,000 a day as a paid-for title to 700,000 as afreebie (ABC).-- Total readership is up from 490,000 to 1.6 million (NRS)-- Costs are way down: from 9,000 newspaper stands and outlets across the capital to just300. Instead of three editions a day - immortalised in the Cockney street-cry of "final!" -there is now just one.© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 13-- And from a huge loss to the first profit in 12 years.At the same time, the paper knew it needed to change its perception. Anyone GooglingEvening Standard a few years ago, Mullins says, would have found sandwich board headlinesmentioning death, cancer, bombs, terrorism and crime."A big part of the solution was to change that... It was making people ashamed and notproud of the city they lived in. They had had a hard day at work, they didnt want disaster."The Independent and iFrom 1996 to 2011 the story of the Indie was one of decline. With a short reprieve fromgoing tabloid, and from ubiquitous covermount giveaways, which Mullins calls "desperateattempts to keep circulation alive"."You cant get to profitability by cutting costs," he says. "You have to have growth.Promotions dont work... all the bulks and foreign (distribution) was hiding the truth that youwere in decline.As for the i, people were buying quality newspapers but not buying them, Mullins says. Theywere long, verbose even, and were a result was products that journalists wanted to see butreaders werent so sure.As Mullins puts it: "Dont let editors decide what the product is, why not create somethingthat readers want?"In the i all articles apart from a handful of opinion and feature pieces are 350 words in length.And the best bit from a media business point of view? The i needs six editorial positions tofunction - most of whom reformat content from The Independent.The result? A combined cross-sell proposition across Independent and i of 340,000 purchasesa day - the highest circulation the Independent brand(s) has enjoyed since 1996.Mullinss talk was full of little common-sense actions that were for some reason out of reachof previous generations of publishers, such as publishing in foreign territories.Online questions"In truth, if your business model is based on banners and buttons ... are you really going tomake money? Are you going to be profitable?" asks Mullins, with a refreshing break from thecommon orthodoxy on online advertising."We have not spent millions on our digital stuff, weve improved our website... but we haventlost any money ever on it," he says.And what of London Live, the forthcoming local TV service provided by the Standards parentcompany from early 2014? Mullins says the service will have cumulative losses of £15 millionand will take four years to recoup that investment.© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 14Putting it mildly, Mullins says "local TV is not a huge money spinner - anyone who put in theirbid they were going to make lots of money probably lost their bid."But making the TV station part of a wider media empire, that might have a chance.7. IPC head of subscription marketing on the stairway to dataheavenBy Jasper JacksonDigital has made selling subscriptions a lot more complex, but its also provided many moremarketing tools that can help publishers gain new subscribers and upsell to existing ones.That was the focus of a presentation by IPC Media head of subscription marketing BeatrizMontoya at Digital Media Strategies in London. Her advice? Be obsessed with data and useall the marketing channels at your command.Stairway to data heavenIPC reaches a total of 26 million UK adults, and has 900,000 subscribersMontoya describes how IPC ranks potential and existing customers by how much opportunitythere is to market to them - something she calls the "stairway to data heaven".-- Coldest prospects: These are people who may visit an IPC site, but dont leave anyinformation. IPC may know they have visited, but they dont even have an email address tocontact them on. That means they need to....-- Engage them: The first step for IPC is to get an email address. thats mainly done bypersuading them to sign up to newsletters or offering competitions. However, Beatriz saysIPC may start requiring users to provide an email address to read certain content.then they can begin marketing to turn them into an...-- Entry level: This is the process of getting someone to take out their first subscription.Thats done through email and social media marketing, but also traditional marketing in printand mail. But the marketing process doesnt stop there...-- Super users: Obviously the process doesnt stop there. Once users have one subscriptionthey have shown a willingness to pay for IPC content and provided data that can be used totailor marketing messages. "We are obsessed with getting more and more money from ourcustomers," says Montoya.TestingKey to the whole approach is testing what works and what doesnt - and that has become a© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 15lot easier with the wealth of data available from online activity.As an example, she describes how IPC tested a new subscription purchasing page whichprioritised the buy button - a call to action - compared to its existing page which displayedmore prominently a description of the publication and what benefits subscribing would bring.The raw results showed the existing page performing more effectively. But when they delveddeeper into the data, they found the new page was actually more effective at drivingsales from existing customers and people visiting from IPC sites, while the traditionalpage was better at selling to consumers who were less familiar with what was on sale.Montoya says that sort of analytical approach is increasingly important at IPC and across themedia industry."Teams within IPC are changing," she says. "We are starting to hire a lot more analystsand our marketers have to be analytical. The creative stuff is not as important."We have new roles merging technical people and an understand of marketing. Having thathybrid role sitting between tech and marketing is essential."8. Is online advertising broken? Panel discussion weighs theadtech questionsBy Jasper JacksonIs online advertising broken? For publishers the answer is yes - the shift to online with itslow CPMs, the shift to mobile and its lower mobile CPMs and the widespread adoptionof programmatic buying, are all making it riskier for publishers to rely on and survive on anad funded model.But according to the panel on advertising at our Digital Media Strategies conference inLondon those changes are opening opportunities - theyre just difficult to take advantage of.Online: Value shiftDon Amboyer, Europe managing director at adtech firm Operative, describes the suggestionfrom Googles Nikesh Arora that half of all advertising will be online in 2018 as "terrifying" foronline publishers.© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 16He says that while traditional broadcasters will rack up delivery costs of around five percentof a campaigns value, costs can reach 30 percent online. Fabien Magalon, managing director of French media co-operative La Place Media, says thereis a "value transfer from publisher to advertiser" involved in ads moving online, butdescribed it as a challenge rather than a threat.He says: "When you create your own content you have the opportunity to create tons ofvalue from quality data. Publishers need to find ways to extract new value from their uniqueproposition which is content."Duncan Tickell, commercial director at Immediate Media, says for publishers who dontmeasure their impressions in the billions the opportunity lies at the premium end of the admarket."There is a commoditised space at the bottom, and theres a space in the middle where wehave traditionally operated with banner ads," he says. "But at the top end there is anopportunity which requires deeper integration.""Its about saying where can you make the most impact. I do think publishers have it withintheir control, but they need to think how you can respond to a clients complex commercialproblems with integrated editorial, design and all the parts of your business. You have toinvest in the infrastructure to respond when opportunities come up."Mobile: Publishers and advertisers lag audienceTickell says no one has got to grips with mobile effectively yet: "Theres an awful lot ofdesktop inventory sold on mobile. The industry is behind users. weve got these terribly lowCPMs for mobile specific - almost to the point of being meaningless. Its up to us to come upwith some creative solutions."Noel Penzer, MD of Huffington Post Media Company in the UK, says publishers need to catchup with where users are."We are increasingly looking to put mobile and tablet at the heart," he says. "Weve got tomake it simple for ourselves - whether it be ad formats. Its not an extension, it is theaudience."Programmatic: Not all upsideThe panel had quite differing views on programmatic buying and its similar-but-not-the-samepartner real-time bidding (RTB). Magalon says programmatic should cut out the friction indelivering online campaigns - potentially reducing the added cost of delivering them."It will reduce significantly the cost - on indirect cost RTB is just so brilliant," says Magalon."Its also driving significant value to advertisers so theoretically it should drive value forpublishers. It is also a great feed for driving audience data and better results for advertisersand ultimately publishers."© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 17However, Tickell warned that programmatic could also drive up costs: "If the publishers arehaving to manage the yield, the costs associated with the planning is suddenly going topublishers. But it is the way the market is moving and you need to have a strategy in place."9. Dennis Publishing and New Scientist on evolving consumerpublishingLast year PwC heralded what it described as "the end of the digital beginning" for mediacompanies. The challenge for most is no longer making the leap to digital - its aboutdeveloping and fine tuning digital products to build a successful business.That quote was repeated by Googles Madhav Chinnappa at Digital Media Strategies inLondon, where delegates also got to hear two real-life examples of successful digitalpublishing operations that are still evolving.The New ScientistJohn MacFarlane, publisher of Reed Business Information-owned The New Scientist sharedsome key stats from the publications digital operation.-- Digital subscribers: The New Scientist has 10,000 paying digital subscribers through theZinio platform. It also has 100,000 people signed up to its Google Currents feed.-- Print vs Digital: MacFarlane says around 10 percent of The New Scientistssubscribers pay for the most costly print and digital bundle. Globally 25 percent take thedigital-only subscription, but that figure falls to 18 percent in the UK.MacFarlane describes The New Scientists approach to pricing as "aggressive", but constantlyevolving: "The real expense still resides in content creation, digital costs are not far off print."You cant give your content away for free and expect your business to survive.Experimentation has given us confidence to take a premium priced product to market."The WeekAlex Watson, head of app development at Dennis Publishing, explained to the audience thatwhile Dennis The Week app has been a success (recognisedat the PPA awards), it is stilldwarfed by its print counterpart.-- Editions: 1 million issues of The Week have been downloaded to date, but that pales incomparison to the 11 million copies Dennis prints each year.-- Ad revenue: Digital accounts for 20 percent of The Weeks ad revenue - around half of© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 18which comes from the app.The Week app for Googles Nexus 7 was launched three weeks ago, and only accounted for 1percent of sessions over the last 30 days. However, Watson says Dennis is looking at how topromote the app on Google tablets.A service, not an artifactOf course, putting out an app on many platforms takes a lot of work, but Watson says thereare a few things you can do to make the process easier including making your editorial teamwork with templates, and scrapping InDesign-based production which leaves you havingto redesign each page for a different screen size.Watson says those changes are part of a wider ethos at Dennis: "Dont focus on what youwant to produce, think about what a product does."The Week is a service, not an artifact," he says. "You dont have a favourite bit of water asit comes out of the tap."10. ZEIT ONLINE MD on building an online business out of a weeklyprint brandBy Jasper JacksonDragging a print focussed business into the digital world is difficult in the best ofcircumstances - but its even harder when youve been slow out of the blocks. Thats theproblem German weekly Die Zeit faced - but one it is overcoming through major investmentand innovative thinking.Christian Röpke, managing director of Die Zeits digital arm ZEIT ONLINE, described theprocess to TheMediaBriefing editor and chief analyst Patrick Smith at the Digital MediaStrategies conference.Röpke says: "The newspaper was doing well, weve even increased subscribers and there wasa feeling of we dont have to change anything."Then four years ago we decided to invest but because we had neglected online, it meantwe really had to invest heavily and we are still paying that off.""The business plan says they will be profitable in two years, we are making eight digitrevenue on digital and in terms of revenue we already make up about 18-19 percent of wholecompany."-- Classifieds: "Others were leaving classifieds to online only businesses like Monster," saysRöpke. "We decided to build a digital classifieds business with our own sales and platform. We© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 19target niche markets because we see groups like doctors visit us. When you add up theseniche markets they make up quite a big market."-- University courses: ZEIT realised it had a large audience of potential students anddecided to take advantage of that fact, coupled with Germanys Excellence initiative, tocreate database of all 16,500 university courses in the country."We then made money by offering them the chance to upgrade their listing for €3,000," saysRöpke. "That may not seem much, but with 16,500 courses, the market is worth €50m. If Iget 10 percent of that Id be happy."-- Ebooks: Röpke says: "Someone from our business development unit said lets generate anePub out of the newspaper. I thought who would buy it? Now we have as many ePubdownloads as apps.Innovation needs to be driven by every single employee and you need togive people the room to innovate.""But once we try an idea out and see they work, you need to work on them to make themsustainable."© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com
    • 20© Briefing Media 2013                                                                                                                                    TheMediaBriefing.com