Will millennials cough up money for media?

Deloitte projects that the average millennial will pay just $19 on newspapers this year, less than the cost of four Sunday editions of The New York Times. Newspaper companies are also facing a similar money problem on the Web, which is eroding both their advertising revenue and ability to get money directly from readers. And they partially brought that fate upon themselves.

“It’s not that millennials don’t want to pay for things — it’s just that they don’t want to pay for the things that a lot media companies are making.”

Read more at Digiday

Newspaper Ad Revenue Fell $40 Billion in a Decade

From 2000 to 2013, advertising revenue for America's newspaper fell from $63 billion to $23 billion, according to a report by Washington Post veteran Robert Kaiser.

Read more in the Atlantic

In a tabloidized world, tabloids struggle

Tabloids are still struggling to calibrate their newsrooms for this more crowded, digitally focused market. The Post, which some analysts estimate hemorrhages tens of millions of dollars annually, announced plans last year to cut its newsroom staff by 10 percent. Its print circulation, meanwhile, has fallen from about 600,000 to 250,000 over the past decade, according to the Alliance for Audited Media.

The Daily News has similarly seen print readership dwindle during that span, from roughly 700,000 to 300,000. As first reported by Capital New York, the paper laid off at least 17 journalists earlier this month, most of them print hands or photographers.

See more at Columbia Journalism Review.

Some Newspapers to Staff: Social Media Isn’t Optional, It’s Mandatory

The newspapers that mandate participation on social media emphasize a newsroom-wide approach to traffic growth. The Gannett-owned Jackson Clarion-Ledger, for instance, requires its writers to maintain Facebook and Twitter profiles and everyone on staff helps draw attention to the site, Executive Editor and Director of Audience Engagement Brian Tolley wrote in an email.Editors and social media managers play a bigger role in audience-building than other staffers.

Mallary Tenore, former managing editor of Poynter.org, said she doesn’t believe newspapers should require all staff to have social media accounts because people tend to have negative reactions to words such as “mandatory.”

Read more at AJR

Everything you need to know about the future of newspapers is in these two charts

The decline in print-advertising revenue — which has been in free-fall for years now — is not stopping, or even slowing down, any time soon. If anything, it is likely to accelerate.

Read more at Gigaom

The New York Times ponders the bold changes needed for the digital age

Every paper is rethinking its business strategy as readers keep abandoning print for digital, and in particular mobile, devices.

Other newspapers regard the Times as a farsighted digital pioneer. It now claims 760,000 digital subscribers, and in recent months it has completed a sleek online makeover and launched new mobile apps. So if the Times is anxious, they should be too. 

Read more at The Economist

New York Times Internal Report Painted Dire Digital Picture

The report also calls for a profound rethinking of the newsroom’s independence from the rest of the company, in order to involve editorial leaders more deeply in technological decisions.

“The very first step … should be a deliberate push to abandon our current metaphors of choice — ‘The Wall’ and ‘Church and State’ — which project an enduring need for division. Increased collaboration, done right, does not present any threat to our values of journalistic independence,” the report says.

Read more at Buzz Feed

The New York Times’ digital challenges, in 5 charts

Readership trends don’t favor the Times. Despite its dependence on print advertising, the paper is seeing its readers increasingly getting their news from the Internet. Half of all consumers went online for most of their news in 2013, while the percentage of those getting their news primarily from newspapers slid to under one-third. Despite that, the Times is stuck in a print-centric way of gathering and distributing the news.

Read more at Digiday

A prize for his work on the economics of news and opinion

Newspapers’ woes are not due entirely to readers’ defection to free alternatives online. Time spent reading newspapers did indeed fall by half between 1980 and 2012, but most of the drop came before 2000, while the web was in its infancy. From 2008 to 2012, as time spent on the web as a whole soared, time spent reading newspapers fell much more slowly.

Read more at The Economist

US newspaper industry revenue fell 2.6 pct in 2013

U.S. newspaper industry revenue fell last year, as increases in circulation revenue weren’t high enough to make up for shrinking demand for print advertising, an industry trade group said Friday.

Read more from the Associated Press here

The Front Page 2.0

There will always be a demand for high-quality news—enough demand to support two or three national newspapers, on papyrus scrolls if necessary. And the truth is that if only two or three newspapers survive, in national or global competition, that will still be more competition than we have now, with our collection of one-paper-town monopolies. A second truth is that most newspapers aren’t very good and wouldn’t be missed by anybody who could get The New York Times or USA Today and some bloggy source of local news.

Read more of Michael Kinsley's piece in Vanity Fair.

Profanity in Newspapers

CAN a newspaper cuss? Jesse Sheidlower has written in the New York Times calling for an end to that newspaper’s total refusal to print swear words.

Read more at The Economist

‘The Daily Show’ on Jeff Bezos and the newspaper industry

John Oliver of “The Daily Show” explains how “there are now more people currently buying newspapers than people buying newspapers.”

Study Finds Craigslist Took $5 Billion From Newspapers

A new study by two business school professors examined the issue and concluded that, indeed, Craigslist took a giant bite out of newspapers’ revenues — some $5 billion between the years 2000 and 2007. And that’s not even looking at the Times, the Wall Street Journal or USA Today, which the authors left out in order to have a more homogeneous sample.

Read more at Forbes

More Print News Subscribers Plan To Cancel Subs, Uptick In Mobile Consumption

The Donald W. Reynolds Journalism Institute’s “2013 Q1 Research Report,” revealed that 12.7% of print subscribers plan to cancel their subscriptions in 2013.

On the positive side, the decline in print subscriptions is clearly correlated with increasing consumption of news via digital channels, with a special emphasis on mobile.

Read more at Media Post

British newspapers are becoming more American

Subscriptions online and in print are not enough to make up for print advertising losses. Newspaper advertising this year will be an estimated £2.1 billion ($3.2 billion), around half its 2005 level. Mr Murdoch’s Times loses money in spite of its paywall. Regional newspapers, more reliant on classifieds, are in worse shape. In January there were 1,054 regional titles, down around 18% since 2008.

Read more at The Economist

Newsroom staffing stagnates: TV staff size up but number of newsrooms down

The total TV staffing was virtually unchanged from a year ago -- down just 48 to a total local TV news staff of 27,605. Overall, there are now 717 TV stations originating local news ... running that news on those stations and another 235 stations ... for a total of 952 stations airing local news. That's down eight stations originating news from last year's 725, and they're running news on seven fewer additional stations than last year. Most of the stations that stopped originating local news are involved in some form of consolidation.

In contrast, the latest numbers from the American Society of News Editors (ASNE) found that newspaper newsroom staff fell 6.4% from a year ago. That's approaching three times the previous year's drop of 2.4%. That takes the total daily newspaper news staff down from last year's record low of 40,600 to a new record low of 38,000, spread among nearly 1,400 newspapers (twice the number of local TV newsrooms). The average U.S. daily newspaper now has 27.5 news staffers; the average local TV news staff is 38.5.

Read more here

TV Is Americans' Main Source of News

Television is the main place Americans say they turn to for news about current events (55%), leading the Internet, at 21%. Nine percent say newspapers or other print publications are their main news source, followed by radio, at 6%.

Read more at Gallup

Local TV Stations Snapped Up In Buying Sprees

The Chicago-based Tribune Company, newly out of bankruptcy, is trying to sell off its newspaper holdings. Yet even as the company withdraws from print media, it's making a big push into local television, following the lead of other major media players.

Local broadcast news delivers audiences which absolutely dwarf CNN, HLN, ESPN Sports Center, the Weather Channel and Fox News combined. It is a service that people want.

Read more here

Forget New Media: Why TV Stations Are Back in Vogue

The bigger factor driving new interest in broadcasters — such as Tribune Co.'s TRBAA +5.45% $2.73 billion deal, announced today, to buy Local TV Holdings LLC’s 19 TV stations — are the fees paid by cable and satellite operators for the right to air local TV station signals.

Tribune’s publishing operations, including web sites related to its newspapers, still account for nearly two thirds of total revenues, according to recent financial disclosures from the company. But the bottom line contribution is a different story.Operating profit from publishing was just $88.8 million in 2012, compared with $366.47 million for broadcasting. In other words, publishing’s operating profit margin was 4.4% while broadcasting’s was 32%.

Read more at the Wall Street Journal