Independent UK newspaper to cease as print edition
bbc.co.uk
bbc.co.uk
From Reddit:
Every national newspaper is seeing double digit decreases in circulation - at this rate the print editions will be gone in 5 - 7 years. The independent was worse off than everyone else, so this shouldn't be a surprise.
Newspaper Average circulation as of June 2015, Year-on-year % change
Daily Mirror 855,987 -10.71
Daily Record 191,042 -10.68
Daily Star 416,379 -10.83
The Sun 1,818,935 -10.56
Daily Express 432,565 -9.83
Daily Mail 1,626,846 -2.79
The Daily Telegraph 489,739 -4.83
Financial Times 214,256 -2.85
The Guardian 171,218 -7.61
i 274,556 -4.12
The Independent 57,930 -8.78
The Times 389,409 -1.05
Edit: Formatting
The Mail's website has some truly masterful product placement. Go to the sidebar of shame and pick one of the "female celebrity wears clothes in public" articles. Embedded in it will be a very detailed and 'helpful' ad for whatever the celebrity is wearing. Those must be worth a fortune.
They also do this sort of thing, granted, for both, in a sensational style, for a variety of topics that just aren't covered by the US mainstream media monoculture.
(I've never noticed this to be true of any other British tabloid.)
My site How a Car Works has a fairly engaged daily readership of just over 10,000.
The site earns around $50 per day.
But I've contracted Google (via Adsense) to sell my ads. For which I pay them a ~30% commission. Conclusion: the Independent's ad sales team is a lot better at selling ads than Google's algorithms.
In many places owning a news paper is like owning a sports team or a gallery it's partially philanthropical.
To find roughly what advertisers pay just google "sitename rate card" and you'll get the list price. Actual price might be less (if they are having problems selling it all) but in many cases it will be close (or at least ballpark) to what ads are actually selling for.
Example:
http://www.independent.co.uk/advertising-guide/rate-cards-an...
Shows they are/were selling at between £20-40 per CPM for various banners.
http://aboutus.ft.com/corporate-information/ft-company/#axzz...
If you ever considered running a serious print media, take a look at the numbers. If Financial Times, The Guardian, The Independent or The Times can't do it in the English language, in a country with a population of 64 million, then it must be really hard. Try that in any smaller language or country. As an industry, print media is dead.
Similarly, the Times is definitely a tabloid in the physical sense.
Both newspapers are reasonably far from tabloid in their content.
The Guardian (and BBC News) seem to be the only ones taking this seriously so far, and maybe coincidence but I now go to those sites a lot more these days when I'm on my tablet.
Some of these companies should take the web more seriously (rather than some side offering they don't really care about) before its too late.
http://www.bbc.co.uk/blogs/internet/entries/b2c6502f-7b54-4f...
http://usabilitypost.com/2014/05/09/patrick-hamann-on-making...
One of the (paper) publications I most enjoy reading is Private Eye, which has a very messy layout with virtually no whitespace, is mostly black and white and has lots of information.
When the Tribune Company recently got rid of their newspapers, the New York Times ran the story under a headline “The Tribune Company’s publishing unit is being spun off, as the future of print remains unclear.”
The future of print remains what? Try to imagine a world where the future of print is unclear: Maybe 25 year olds will start demanding news from yesterday, delivered in an unshareable format once a day. Perhaps advertisers will decide “Click to buy” is for wimps. Mobile phones: could be a fad. After all, anything could happen with print. Hard to tell, really.
Meanwhile, back in the treasurer’s office, have a look at this chart. Do you see anything unclear about the trend line?
<Graph showing newspaper ad revenue dropping from >$60 billion in 2000 to <$20 billion in 2010. Click link below to see it.>
- Clay Shirky, "Last Call", 19 Aug 2014
The Christian Science Monitor, once one of the highest-quality newspapers in America, went full digital a few years ago. The New Orleans Times Picayune, like many local and regional papers, now prints only a few days a week. The New York Times and others have shrunk their print editions from the former, larger "broadsheet" format. The Financial Times published its "sunset" plan for exiting print a few years ago. The list goes on and on.
(In the case of The Independent, it was previously rescued by the Russian oligarch Alexander Lebedev. Like Facebook mogul Chris Hughes and his New Republic debacle, he found that the easiest way to become a millionaire in the news business is to start out as a billionaire...)
Print newspapers of a certain size are still a profitable business, if decreasingly so. While digital versions of those publications are the future, traditional media companies have largely fumbled that future, and they have been fumbling it since the mid-1990s.
Now they float in an ocean of free content produced by smaller newsrooms and full of aggregators cribbing their hard-won investigative pieces for the price of an intern. Some of that free content is coming from news organizations that are attached to a more profitable business than selling ads. Verizon's media properties come to mind. Bloomberg LP makes its money selling monthly terminal subscriptions to financial data. You could say that Mike Bloomberg's greatest act of philanthropy has been to subsidize Bloomberg News.
Newspapers were slow to recognize the decline to their advertising engine, and largely inept at responding to it. Many of them, including SF's tech blogs, are limping along as events organizers that happen to publish daily updates.
There's a lot of room to experiment in plugging news machines into other business models. The thing to keep in mind, as we do so, is that those publications will usually fail to cover one topic fairly: their owners.