
Tomorrow's Newspaper
Tomorrow’s newspaper is a very different beast! With the increasing availability of instant news and information 24/7, the ‘news’ part of newspapers is rapidly morphing. If I want to know who did what when or what today’s big issue is, whether that be globally, nationally or locally, I have a seemingly unlimited choice of instant news services from which to choose. Even my old mobile phone grants me immediate internet access, meaning keeping up with the Jones’s has never been easier.
So why do we still have newspapers? Everyone knows that circulation is plummeting, but a few of us die-hards believe there will always be print. Why? Because it is comfortable. The Y-Gens are still buying their magazines and books because they also enjoy that relaxing slump on the couch with a drink, snacks and an engaging read. The operative word here of course is engaging!
Newspaper magnates are scrambling madly like a flock of geese in hunting season, desperately seeking new ideas from pricy consultants to engage their disparate audiences as subscription and print-ad revenues nose dive. The really big end of town is buckling under its own ancient weight, stunned in the headlights of a much faster moving information superhighway. The choice is change or die.
But change for these guys is tough. They are often fourth or fifth generation family moguls who know little else beyond the print world. “Ok, we’ve built our website%u2026now what?” The smart players are restructuring their offices in information-centric floor plans where a byte of news travels simultaneously to each media team where it is chopped, shaved, spiced and uploaded to the net, print production, radio, TV, mobile etc. The not-so-smart are sacking staff and closing shop, or even worse shaking their heads, holding their nose, closing their eyes and hoping the naughty internet thingy will just go away.
So the stage is set for a media revolution, where only the smart and nimble will triumph. Such a scenario has opened the door for the smaller players, who were previously excluded from the game owing to costly entrance fees and ruthless incumbents. Now however, powerful publishing software is extremely affordable, putting everything up for grabs. The little guys are redefining an archaic industry.
Over the past five years thousands of localised ‘news’ websites have sprouted around the world. Some with significant venture capital funding, some dabbling off-shoots of the big companies, others simply built by community minded individuals. The spin on these sites tends to be user-generated content, or ‘citizen journalism’, whereby locals tell their own stories, report on events that might otherwise be overlooked by mainstream media, or simply weigh in with an opinion or rebuff.
In 2004 ‘The Word’ newspaper was launched in Canberra, Australia. At the time this was the first tabloid in the world to be written entirely by its readers, circulating 35000 gloss covered copies monthly to 900 sites across Australia’s capital city. The beauty about this model was not only that content was free, but that it evoked immediate loyalty. Anyone who got an article published in print, or knew someone else who got published, inevitably showed friends.
But could we really call this a newspaper? Was it more like a magazine? A newszine? A yarnpaper? A plog (printed blog)? Whatever it was, it carried $30,000 of advertising in every issue and another $1000 p/m of online ads! It engaged its readers. As the adage proclaims, get your content and distribution right and the advertisers will follow.
So we come back to content, the ‘news’ in newspapers. With the eruption of online commerce we are witnessing a turning point for content. Earning money online is all about ‘eyeballs’ – getting traffic to your site. Unfortunately the very same freedoms we cherish about the internet also drown us in spam and crap content. Waving a flag above the dumping grounds of useless and tedious content is becoming quite an art, a trade to which professional and novice authors are gravitating in droves.
Content will soon be entirely free! Already the industry is filling with content conduits, like Ezine Articles, Squidoo, WordPress, Twitter and plenty more. Authors upload their articles, as I will do with this article, to these newly forming content kings. These kings then push the content to relevant members who have flagged certain interests in membership profiles. These members then publish that content into their own websites or publications.
But where is the money in all this? Well the conduits charge for premium privileges for both authors and publishers and the authors charge for%u2026hmmm%u2026that’s right, nothing! And that is why this is so beautiful – there really is something in it for the author – reputation. Prolific and intelligent authors can now get their message out there faster than ever and gain hundreds of thousands of readers overnight, which translates to hundreds of thousands of eyeballs back at the author’s website wanting more. Another name for this phenomenon is ‘content marketing’, whereby the author creates positive, informed conversations around products or services.
Pulling together these clues, tomorrow’s newspaper is looking more like a hybrid of blogs, magazines, newspapers, forums and books. It is a disposable, stylish freebie, with likely a gloss cover and smaller than a tabloid so that it can be folded into the back pocket. It survives entirely on advertising and addresses in one sweep a bunch of interest sets that are beyond news. The stories are the neighbourly conversations over the back fence. Opinions are rife from front cover to the last page. Articles inform the evermore discerning readers of the pros and cons of a wide range of products and services, toward generating trust first, not the sale. If you want the latest news, open your iPhone. If you want a bunch of stories, pictures and meanderings, pick up your local musepaper!