Law 2 – The Digital Dozen Will Dominate
A dozen or so multinational, multi-platform media companies will dominate global news and information.
Feb 15, 2013
The New York Times Co.’s zero, in fact, is actually a milestone number. It’s the first increase, however meager, in overall revenues since 2006, when it managed a 1.8 percent increase in revenues…..Overall, the zero plateau provides at least the illusion of a resting point. A point from which to figure out how to find growth, or at least how not to go negative again. That’s the company Mark Thompson has inherited; his job: find life above zero.Read More »
Feb 7, 2013
2012 is the first year in which circulation revenue has surpassed advertising revenue. Full-year, it’s now 51% of all revenues.
Especially given the continued ad decline, that majority revenue number is hugely important. It’s now the foundation of the business, and it gives the Times the only real stability it enjoys. As it becomes a larger and larger share of revenues, the ad loss — even if it continues — becomes a bit more manageable. One often-unseen point here: digital subscriber “churn” is lower than print churn; fewer readers cancel.Read More »
Jan 24, 2013
The Tribune Company owns eight newspapers, six of them metros. Two — the Los Angeles Times and Chicago Tribune — are in top 10 of U.S. dailies; five — adding in the Orlando Sentinel, South Florida Sun-Sentinel, and Baltimore Sun — are in the top 40, while the Hartford Courant ranks 60th. Their likely sale will be the single largest sale of metro newspapers in the U.S. since McClatchy bought Knight-Ridder in 2006.Read More »
Dec 21, 2012
Today, though, most of the reporting power, much of the brand power, and thepolitical power still resides in big companies and their leadership. We may well get our strongest display of that early in 2013: In Washington, the FCC cross-ownership debate may move to center stage in January. And around the same time, we’ll probably see the Tribune newspaper auction. As new Tribune CEO Peter Liguori, a broadcast exec, remakes the company as a TV/video shop (WGN America, here we come!), some of the most influential American nameplates — the Los Angeles Times, Chicago Tribune, and Baltimore Sun, among them — will all hit the market at one time. Though 2012 has been a time of unprecedented change, it may prove to be prologue to the year to come.Read More »
Dec 3, 2012
So Thomson’s ascension is no surprise (“Nine Questions as Murdoch Splits The News Corp. Baby”). Sure, he’s an editor — but he’s a News Corp. editor, and has been for a decade. Robert Thomson has been well schooled in the College of Murdoch. He’s a strategic news executive with a good sense of how emerging editorial and business models mesh, or sometimes collide, in the digital age. Further in the U.S. and Australia, News Corp. has put innovative and strategic business leaders in place as Dow Jones and News Limited move forward — so he has a bench in place. In the U.K., the business questions are more profound, as are concerns about the economy and the deepening business model gloom of the U.K. press overall.Read More »