What exactly is convergence, and what are you doing about it. This is a primer for traditional publishers in emerging markets. Are you taking advantage of digital distribution? Is your content web-ready?
How to be a digital media company: A primer in 5 steps
1. How To Be A
Digital Media
Company
In Five Easy Steps
Victor Amani
A Primer for Traditional Publishers
2. Why change? Why now?
Keeping up with the Joneses – NOT a good
idea unless you’ve got cash to burn.
Market pressures – fine, but what if they
abate? Will you ditch your Digital switch?
Transformation is possible, BUT you must
pace yourself.
3. Why change? Why now?
Traditional publishing value systems will need
to change. (Q: Do you have one, what is it
anyway?)
Can’t slash and crash this like some sort of
short-term project. Commitment. YOU Must
Commit.
4. Step 1: So what’s the deal?
Popular news brands NOT always popular on
the Web.
Few regular updates, long news cycles, too
deep, not ‘spicey.’
Textual, monolithic content. Few visuals.
Site flow – restrictive.
5. Step 1: Culture/Values
This Is YOU
Dreamers
Ambitious
Consensus-
seekingIndecisive
RestrictiveReactive
Solitary
Compart
mentalize
d / Siloed
Secretive
6. Step 1: Culture/Values
This Is The Internet
Proactive
Utilitarian
Collaborative
Quick
CasualOblique
(Random)
Creative
Dynamic/
In A Flux
Open
7. Q: Do you see THE GAPS?
What should you change?
8. Step 2: Check your resources
How popular is your brand?
How’s your network? Local journos? Deploy
them to create a niche-player advantage.
Goodwill: Are you trusted, credible? Is your
audience willing to pay for content?
Corporate buy-in: Are your corporate
overlords even talking ‘Digital’?
Convergence?
9. Q: What ELSE do you have
going for you?
What assets/advantages can
you leverage to turn your
company into a DMC?
10. Step 3: What you need to do
Change How You Work
Urgency, speed, responsive reporting as cultural
values. Links to:
Decentralize
Upskill, Empower, Step Back, Lead From The
Middle. The Web is a democracy. Everyone is an
editor.
11. Step 3: What you need to do
Share
Plans, Tips, Strategy. Collaborate. Don’t be
resistant. Kill the silos.
Speculate To Accumulate
Spend. Buy Up, Buy In, Take Risks. It’s how Big
Media gets into tech.
12. Q: There IS a LOT more you
can/ought to do, so what else?
13. Step 4: When? How Soon?
If you’re reading this you’re probably sort of late
already. So GO! Now!
Macro factors: Greater access to the net (12-15%
of EA online), lower data costs, cheaper
connectivity (cheap smartphones, Mi-Fi,
unrestricted connection sharing).
Are YOU taking advantage of ALL this?