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Stop The Presses | Patrick Collings

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    Stop The Presses | Patrick Collings - Presentation Transcript

    1. stop the presses patrick collings sagacite brand agency Photo by Ed Schipul
    2. years from now, people will look at the new media business model and say it “happened” in the recession of 2008 / 2009
    3. Photo by Vanessa Pike-Russell what started as a trickle
    4. Miami Herald into third restructuring New York Sun closes afte New York Times Will Cut years Salaries; Washington Post to Offer Buyouts When newspapers fold Ad Declines in Mass Media US newspaper crisis deepens Seen as More Than Just Economic Christian Science Monitor abandons print edition Rocky Mountain News Folds Amid Ad Slump Hearst Plans to Slash, Sell or Shut Paper in Bay Area Hearst Shuts Down a Seattle Paper Gannett slashing dividend to preserve cash Washington Post Net Plunges Seattle Paper Advances Plans Cincinnati Post folds to Turn Into Online-Only Blender Magazine to Go Publication Online Only
    5. not only in the US, and not only newspapers Note: Spoke about situation of media in Europe and what magazines were doing to save costs and increase revenue
    6. those abandoning print either headed to...
    7. Photo by Kirk
    8. not coming back
    9. 1 the print business model was already under long-term threat from digital 2 great expense in returning to traditional print model 3 “recessionary push” will lead to changed habits and rituals
    10. abandoning print saves 50% costs, but ...
    11. online advertising not enough to sustain traditional news operations
    12. ? defining questions & issues
    13. “it is possible to charge for content”
    14. © that’s my copyright
    15. photo by D Barefoot the rise of the bloggers
    16. and that raises more questions about business models
    17. is trust the new slingshot Note: Spoke about research that some blogs were more trusted than traditional media photo by Jennifer Hayes
    18. online advertising is evolving and will evolve further
    19. Note: Spoke about how online publications were allowing banner ads to briefly take over the home page
    20. Note: This is a “banner” ad for Apple that uses large portions of the page to show an online video ad
    21. changing offline, not only online
    22. WSJ.com
    23. perhaps the internet is not such a safe place for traditional print media escaping the photo by Kyriakos recession
    24. digital doesn’t just mean the web Photo by Rienk Jan Schurer
    25. the kindle isn’t alone
    26. new business models are rapidly emerging Note: Among other things mentioned subsidized e-readers for long-term subscription models
    27. expect to see early adoption by higher eduction
    28. what can history teach us
    29. remember when cell phones phoned
    30. before text messages
    31. before they took pictures
    32. before they recorded video
    33. before the applications
    34. do you remember before
    35. ? similar path for the e-reader
    36. subscription models
    37. the new textbook
    38. colour is coming
    39. so is video Note: Probably several years down the line
    40. and competitors
    41. prices are falling
    42. new ad models are emerging Note: Whilst the Kindle does not yet carry formal advertising, this promotional offering from Showtime is available
    43. 1the decline of the traditional newspaper business model will have a profound impact on the future of digital information and advertising
    44. 2 the divide between free and paid, commodity and premium will become more distinct
    45. 3 web revenue models will be tested, found wanting and will evolve
    46. 4 media owners will seek the control of the e-reader, copy the mobile phone business model, and content and advertising will follow
    47. “I find it hard to believe that the primary way of reading newspapers 10-plus years from now is going to be on printed paper.”
    48. Patrick Collings patrick@sagacite.co.za +27 (0)83 616 0967
    SlideShare Zeitgeist 2009

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