30 Aug
There are paths laid out for journalism, publishing companies to survive and thrive in a digital world
Jayhawk from lobby of Lawrence Journal-World
I just returned from a conference that brought some things into sharper focus for me about the future of journalism, particularly digital publishing.
Last week’s event was an invitation-only conference hosted by Mediaphormedia, the interactive division of the World Company in Lawrence, Kansas. The World is the publisher of the Lawrence Journal-World (LJWorld.com) and owner of several successful spin-off sites, including Lawrence.com and KUsports.com.
The World Company and some of its former employees (such as Adrian Holovaty, @adrianholovaty, who later founded EveryBlock.com) are also creators of the wonderful open-source platform Django. Another creator of the platform, Jacob Kaplan-Moss (@jacobian), still hangs out in Lawrence and was part of a World Company team that created a commercial version of the platform known as Ellington CMS.
It was my role as an implementer and user of Ellington that brought me to a “Summit” in Lawrence, a town that doesn’t know it’s small (which has also been said about the World company). The event was first-class and attracted a broad spectrum of publishers, Web editors, advertising managers, and Web developers. The room represented the types of stakeholders in the publishing industry who will have a big say in how journalism survives and thrives in a digital world.
The Summit was inspiring on a lot of fronts, but the financial success stories of several digital publishing efforts were most encouraging. In geographically diverse markets of all shapes and sizes, publishing companies are pushing innovation on both the content and revenue fronts. Their efforts are paying off with returns on investment that (in some cases) are well into seven figures of new revenue. That’s impressive when one considers the relatively small size of some of those markets.
It should go without saying that great journalism (not just “news”) underlies those efforts in every successful market. Those companies succeeding on the revenue side are also the most connected with their communities on the content side. The best have also broken down the internal walls that have traditionally held back “newspaper companies” from making the transition to digital. The old paradigms have shifted, rapidly, to new ones and these companies “get it.”
Some of the ideas are uncomfortable for those who are more traditional about “newspaper” operations. The digital world forces publishing companies to reinvent themselves in a more strategic way: advertising, IT, and the newsroom need to make plans cooperatively but execute in a way that maintains journalistic integrity. Those in the room were encouraged to push forward.
One speaker at the event addressed those in the audience who might be risk-averse to being cutting edge or “bleeding edge,” as it’s sometimes called, saying: “That’s okay; you want to be in front of everything!”
One needs only look to the LJWorld model to find living proof of the idea. The company restructured its chain of command to reflect its digital focus: newsrooms were reshaped; advertising strategies refined; IT infrastructure was funded to support it all. The result has been continual growth of its offerings without a significant erosion in its print circulation.
Lawrence is an isolated market in the middle of the U.S. and the World has a daily circulation of just 16,889, according to the Audit Bureau of Circulations, yet its family of sites generate millions of pageviews every month. Quantcast.com reveals LJWorld has demographics much broader than those of traditional “newspaper” sites. Its audience is equally split between the demographic age groups of 18-34, 35-49, and 50-plus. Quantcast ranks it in the top 7,500 Web sites (for audience size) in the United States.
The hallmarks of all the efforts by LJWorld and Mediaphormedia are innovation and dedication to quality. Mediaphormedia is also highly customer-centric, continually asking for feedback on how they can improve their Ellington CMS and Marketplace products. They are never content and never bound by conventional thinking; qualities for all of us to emulate.
The new game is about audience and revenue development of all kinds: It’s about print readers and online viewers; display ads in print and online; on-site and Web search; and interactive products that deliver relevant information to customers where they spend time (especially on mobile and social media). It’s about niche content and niche revenues, the sum of which will equal a new, sustainable model for digital publishing.
