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Newspaper  Transition & Web Revenue  Strategy  2009 Mel Taylor Media Online Revenue Strategy for Local Media www.MelTaylorMedia.com  267-625-5313 A Pop Web Group Company. [email_address] 12/3/08
Newspaper  Transition & Web Revenue  Strategy  2009 This report is a ‘best practices’ summary of observations, experiences and facts that were collected over the past 18 months. We believe it’s a realistic roadmap for local Newspaper media to follow, in 2009. It’s primarily focused on business, sales structure, and web revenue models. It touches lightly on content. Much of the information contained within, applies to local Television & Radio Broadcasters as well. Contact us if you are interested in the Radio or Television version of this report.
Mel Taylor Media  background ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Mel Taylor Media  recent client list
challenge for  newspapers stabilize & grow print business simultaneously   grow share of web dollars current economy will accelerate this challenge, and force a quicker solution
forces killing  current   business model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
core business ,[object Object],[object Object],[object Object]
core business  local assets ,[object Object],[object Object],[object Object],[object Object],notice the omission of ‘newspaper ‘or ‘website’ ?
first step
questions we ask local media managers your advertisers  are moving online. are you offering web  to all of them?
what % of your  traditional clients use online advertising ? do your reps know? questions we ask local media managers
what % of your  traditional clients want to use online advertising, but don’t know how ? questions we ask local media managers
BIG   question we ask what % of your  traditional clients are regularly offered web? typical answer:  not sure, but probably well less than 25%
newspapers capture large share of local online revenue,  yet they still leave a lot of money  on the table that’s alot of upside for newspapers to gain… and for pure-plays/competitors to go after how pure-plays are  gaining LOCAL share
HUGE issue ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
HUGE  issue ,[object Object],[object Object],[object Object],[object Object],[object Object]
how newspapers  are fixing that issue ,[object Object],[object Object],[object Object],[object Object],* how can top & middle-managers “manage”…what they don’t fully understand  ?
overhaul sales rep compensation ,[object Object],[object Object],[object Object]
how newspapers  are fixing that issue ,[object Object],[object Object],[object Object],[object Object]
how newspapers  are fixing that issue management transition >  legacy managers ,  no matter how successful they’ve been, may not be best suited to build the web business > creation of ‘vp advertising’ or ‘chief revenue officer’  understands and is responsible for all revenue opportunities.
how newspapers  are fixing that issue management transition > consistent training for top & middle managers  how can they manage what they don’t fully understand?
newspaper sales structure  2009 ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],newspaper sales structure  2009
right-sizing ,[object Object],[object Object],[object Object],[object Object],[object Object]
mandatory  re-think all content/editorial staff  must now think  revenue  too
newspapers getting  smarter about: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
newspapers targeting  new revenue categories ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
newspapers targeting  broadcast & cable’s weaknesses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
newspaper tactics to grow local, online revenue share  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],sales
how newspapers can own local, online news/info space ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],editorial
notable newspaper  initiatives specialty sites   determine online content & revenue hole in market, and fill it with a separately branded web site. leverage power of legacy assets:  content development, IT & design staff, marketing  & sales staff, advertiser relationships, etc. www.Metromix.com www.LVBrideandGroom.com www.ToastedRav.com www.PHrequency.com
newspaper action plan 2009 summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
advertiser spend  2008 where should we place more sales effort? TNS Media Intelligence Overall Online S.C. Johnson ,[object Object],[object Object],Wells Fargo ,[object Object],[object Object],Verizon ,[object Object],[object Object]
TNS Media Intelligence advertiser spend  2008 where should we place more sales effort? Overall Online Ford ,[object Object],[object Object],GM ,[object Object],[object Object],Chrysler ,[object Object],[object Object]
 
reverse value add
web advertising 101 seminars for local business another tactic to drive web revenue
why a seminar ? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],benefits of seminar for local media
 
 
 
 
 
 
 
 
[object Object],[object Object],[object Object],[object Object],how does it work ?
[object Object],[object Object],[object Object],[object Object],[object Object],seminar topics  that lead to business .
case studies  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
case studies  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
WARNING ,[object Object],[object Object],[object Object]
reaching customers online Sample slides from seminar Presented by Mel Taylor
Your customers  are spending  more time  online
Ad spend:  out of whack
the economy
while market  is soft ,[object Object],[object Object],[object Object]
Bill segment
Radio 38 years TV 13 years Internet  5 years  reaching critical mass 50 million users Phone 74 years
Ignored Amazon.com
Ignored MP3’s and I-tunes
[object Object],[object Object],[object Object],web marketing
[object Object],[object Object],search
is  search  enough?
would you only use  yellow pages? to advertise  your business
How do you stand out on this page?
How do you stand out ?
branding ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],message  awareness
click-through rate  what it does  and  does not  measure.
measures  immediate  response not  overall  response click-through rate
[object Object],[object Object],[object Object],[object Object],OVERALL  response
creative ,[object Object],[object Object],[object Object],[object Object]
 
Unique User  – visitor to site Page Views   – viewed web page.  learn these EX: readership, viewership, listenership EX: quarter hours, rating points
CPM   – “Cost Per Thousand”  learn these If CPM is $10 My AD seen 100,000 times Total cost: $1,000.
http://tribads.chicagotribune.com/onlineadvertising/ http://essentials.baltimoresun.com/media_kit/design-dev/ rich media http://www.tihr.com/mediakit/
what sites  should i use? ,[object Object],[object Object],[object Object]
what sites should i use?
www.wxtu.com many radio stations  still not taking  web seriously ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
http://www.tmccreatives.com/ newspaper  online
http://essentials.baltimoresun.com/micro_clients/lifebridge/ ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],video micro-site  on newspaper site
Source: NetRatings, September 2008 2 3 Million Top Local Websites
Seminar  90 mins ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Here’s overview of Seminar/Training program ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
call or email for more info.  we specialize in building web revenue. guaranteed. Mel Taylor Media Online Revenue Strategy for Local Media www.MelTaylorMedia.com  267-625-5313 A Pop Web Group Company. [email_address] 12/3/08

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Newspaper Transition Strategy 2009

  • 1. Newspaper Transition & Web Revenue Strategy 2009 Mel Taylor Media Online Revenue Strategy for Local Media www.MelTaylorMedia.com 267-625-5313 A Pop Web Group Company. [email_address] 12/3/08
  • 2. Newspaper Transition & Web Revenue Strategy 2009 This report is a ‘best practices’ summary of observations, experiences and facts that were collected over the past 18 months. We believe it’s a realistic roadmap for local Newspaper media to follow, in 2009. It’s primarily focused on business, sales structure, and web revenue models. It touches lightly on content. Much of the information contained within, applies to local Television & Radio Broadcasters as well. Contact us if you are interested in the Radio or Television version of this report.
  • 3.
  • 4. Mel Taylor Media recent client list
  • 5. challenge for newspapers stabilize & grow print business simultaneously grow share of web dollars current economy will accelerate this challenge, and force a quicker solution
  • 6.
  • 7.
  • 8.
  • 10. questions we ask local media managers your advertisers are moving online. are you offering web to all of them?
  • 11. what % of your traditional clients use online advertising ? do your reps know? questions we ask local media managers
  • 12. what % of your traditional clients want to use online advertising, but don’t know how ? questions we ask local media managers
  • 13. BIG question we ask what % of your traditional clients are regularly offered web? typical answer: not sure, but probably well less than 25%
  • 14. newspapers capture large share of local online revenue, yet they still leave a lot of money on the table that’s alot of upside for newspapers to gain… and for pure-plays/competitors to go after how pure-plays are gaining LOCAL share
  • 15.
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  • 20. how newspapers are fixing that issue management transition > legacy managers , no matter how successful they’ve been, may not be best suited to build the web business > creation of ‘vp advertising’ or ‘chief revenue officer’ understands and is responsible for all revenue opportunities.
  • 21. how newspapers are fixing that issue management transition > consistent training for top & middle managers how can they manage what they don’t fully understand?
  • 22.
  • 23.
  • 24.
  • 25. mandatory re-think all content/editorial staff must now think revenue too
  • 26.
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  • 30.
  • 31. notable newspaper initiatives specialty sites determine online content & revenue hole in market, and fill it with a separately branded web site. leverage power of legacy assets: content development, IT & design staff, marketing & sales staff, advertiser relationships, etc. www.Metromix.com www.LVBrideandGroom.com www.ToastedRav.com www.PHrequency.com
  • 32.
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  • 37. web advertising 101 seminars for local business another tactic to drive web revenue
  • 38.
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  • 51.
  • 52.
  • 53. reaching customers online Sample slides from seminar Presented by Mel Taylor
  • 54. Your customers are spending more time online
  • 55. Ad spend: out of whack
  • 57.
  • 59. Radio 38 years TV 13 years Internet 5 years reaching critical mass 50 million users Phone 74 years
  • 62.
  • 63.
  • 64. is search enough?
  • 65. would you only use yellow pages? to advertise your business
  • 66. How do you stand out on this page?
  • 67. How do you stand out ?
  • 68.
  • 69.
  • 70. click-through rate what it does and does not measure.
  • 71. measures immediate response not overall response click-through rate
  • 72.
  • 73.
  • 74.  
  • 75. Unique User – visitor to site Page Views – viewed web page. learn these EX: readership, viewership, listenership EX: quarter hours, rating points
  • 76. CPM – “Cost Per Thousand” learn these If CPM is $10 My AD seen 100,000 times Total cost: $1,000.
  • 78.
  • 80.
  • 81.
  • 83.
  • 84. Source: NetRatings, September 2008 2 3 Million Top Local Websites
  • 85.
  • 86.
  • 87. call or email for more info. we specialize in building web revenue. guaranteed. Mel Taylor Media Online Revenue Strategy for Local Media www.MelTaylorMedia.com 267-625-5313 A Pop Web Group Company. [email_address] 12/3/08