This PPT on The Future of Media has been divided into 4 sections for easier download. I’d feel rewarded if any, or all, of these slides would be used to facilitate internal debate. INDEX: 1 New Paradigm, 2 Content, 3 Brand and Portfolio, 4 Revenues
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Future of Media, Part 1, New News Paradigm
1. The Future of Media Groups:
Introduction: New Paradigm
(part 1 of 4)
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2. Index
1. New Paradigm
2. Content
3. Brand and Portfolio
4. Revenues
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3. What’s Happening to Newspapers?
ACKOWLEDGEMENTS
This series of slides is a summary of a more complete presentation shown in the second half
of 2010 to a proactive and profitable client of mine which is moving forward out of its own
vision, not out of despair.
The following slides, without the original comments and the ensuing discussions, are little
more than a skeleton but I hope they can be used to stimulate debate regarding the times
to come for the media business.
I want to show my deep gratitude for the many lessons taught to me by the many managers
I have visited during the last few years, the list of which would be too long to mention.
I also want to thank many other people from whom I have learned through personal
conversations or through their presentations: Jeff Jarvis, John Paton, Juan Señor, Juan
Antonio Giner, Rob Curley, Randy Covington, Dietmar Schantin, Grzegorz Piechota, Juan
Varela, Andy Dickinson, Dan Gillmor…
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4. What’s Happening to Newspapers?
For the last 10 years, costs have been catching up with
diminishing revenues
BUT
Trend acceleration in last few yrs
Revenues
Costs
Time
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5. What’s Happening to Newspapers?
After all, newspapers follow the general product curve
Newspapers, flourished in the 19th Century , boomed in the 20th
Century and are bound for a deep transformation in the 21st Century
Development
Introduction
Growth
Maturity
Decline
Sales Volume
Time
To remain significant, the news business will play significantly different roles
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6. These Guys Lost Their Jobs…
(yes, but
We deliver every day a
the best little less)
ice!
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7. Radical Transformation of Business Reality (Not Only Newspapers)
Reducing costs…
Tweaking
model…
Learning new
tricks…
will not be enough!
Let’s learn from Disruptive Innovations…
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9. Disruptive Innovations (cont.)
(Also CD v. magnetic tapes; early automobiles v.
Example: digital camera horse drawn vehicles; ice houses v. refrigerators…)
Early digital cameras were unsophisticated, addressed to the low-end
consumer. Established companies ignored them.
They evolved and incumbents reacted by designing sophisticated film
cameras addressed to premium buyers.
They kept evolving and were adopted by pros. Camera
and film makers…were big losers
Improving product, reducing costs,
learning new tricks, was not the answer.
Instead, understanding a completely
new ecosystem was the way
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10. We must map out
our own future!
“The way we think
about our jobs and
journalism must
change!”
Randy Covington
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11. Radical New Paradigm for the News Business
From large media
companies and groups to
new, smaller, ecosystems
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12. To Succeed,
1. Accept that radical change has happened outside and has to
happen inside
2. Be ready to shrink (and suffer),
to transform
3. Be ready to reboot your mind. Be
smart, be agile, do more with less
Hollywood was right: any mutation is painful
The future is smaller, less corporate,
more entrepreneurial
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13. To succeed, Few Things are Important in this Journey:
A Vision (ready to be adjusted)
Support (from the top)
A Team (working as such)
And a clear understanding that only 2 things really matter:
CONTENT & BRAND
(technology, mktg, HR…they are all means)
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