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Back to the future of news
Prof Charlie Beckett
Polis/LSE
@CharlieBeckett
What I said in 2009
• 1. Journalism has never been more plentiful and
of such as high quality
• 2. New technologies are delivering opportunities
for journalism.
• 3. The same forces that offer these opportunities
are also threatening the business model for
mainstream media
• "The social media revolution...is all about the
separation of information from its means of
distribution"
• Your rival is Facebook and everything on social
networks, not other news organisations or
public service broadcasters
2009 Predictions
• MSM when networked will be more valued by the public
• Specialised media will be more valued - eg finance sport etc
• Public sector will sustain
• All organisations with a public role are becoming media
organisations. Government, business, NGOs, unions and
the rest can all now communicate directly with the citizen
and act as a forum, watchdog and reporter.
• 50% of current jobs will go
Structural change I predicted in 2009
• In some shape there will emerge a more semantic web
that understands what you want from the Internet and
seeks to provide it - so it threatens to disintermediate
the editorial function entirely.
• We will be able to tap into the power of connected
online data and networks - but the Internet will be so
vast that we will increasingly operate in separate
clouds within that internet sphere - this has profound
implications for the role of news media organisations
as they shift from institutions to networks to clouds.
What I said you should do in 2009
• In a world where people have instant and easy
access to your rival's work - what are you adding?
• How connected are you to your audience?
• How relevant are you to the consumer?
• How editorially diverse are you?
UK as a news lab
• Two newspapers have died: Independent &
New Day
• 2016 advertising crisis: Brexit or structural?
• Continuing newspaper sales decline after
election boost
• Similar shifts in audience behaviour to US but
a different mixed media ecology
Guardian
• Open model, reach
• Massive losses
• Over staffing
• No editorial business strategy
• Now seeking ‘membership+’ model
• Cross subsidy from capital sales fund
Mail
• Relentless editorial focus online
• Strong paper product
• Reach, global scale
• Advertising
• Profitable but digital revenue growth stalled
Times
• Fairly strong pay wall
• Strong subscription marketing with additional
benefits
• Strong but narrow editorial offering
• Profitable but declining online presence and
where do new readers come from?
• Cross subsidy from Murdoch empire
The Sun
• Abandoned pay wall
• Strong sports video offer
• Ancillary business – eg holidays
• Feminisation
• Humour
• Social experimentation
FT
• Subscriptions now 50% plus revenue
• Digital first
• Global rolling production
• Specialisation
• Community management
• Diverse strategy – newsletters to data viz
• Change in editorial tone and range
• How To Spend It
Digital natives
• Buzzfeed
• Politico
• Vice
• Guido Fawkes
But it’s platforms that are killing it:
• Instagram, Snapchat, Whatsapp
Local press
• Disinvestment
• Closures
• Consolidation
• Marketing and editorial economies of scale
• BBC partnership
• Emerging hyper local UGC websites
• Trinity bought ‘i’ newspaper
• Johnston Press about to launch new digital
offerings (eg online only titles)
Key goals
• Engagement not traffic
• Branded content
• Diversification
• Segmentation
• Mobile
• Video
• Platform deals: is Facebook your friend?
• Paper maximisation
Predictions
• Brands & bulletins are remarkably resilient but they are not
enough
• Advertising is going through the same crisis as journalism
• Continuing hollowing out of local media – hyperlocal fails to
replace
• BBC not the enemy – the rest of the Internet is
• Plus corporate, government, NGOs, marketers who will fill
the information space
• Value added content is king – community is vital but does
not monetise
• News is dead, long live journalism (esp mobile & video)
• Use data but to an end – get emotional – all journalists
must be marketers
• Ignore America
• Nine Things You Need To Know About The
Future of News:
• http://blogs.lse.ac.uk/polis/2016/02/19/futur
e-of-news/

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Back to the future of news

  • 1. Back to the future of news Prof Charlie Beckett Polis/LSE @CharlieBeckett
  • 2.
  • 3. What I said in 2009 • 1. Journalism has never been more plentiful and of such as high quality • 2. New technologies are delivering opportunities for journalism. • 3. The same forces that offer these opportunities are also threatening the business model for mainstream media
  • 4. • "The social media revolution...is all about the separation of information from its means of distribution" • Your rival is Facebook and everything on social networks, not other news organisations or public service broadcasters
  • 5. 2009 Predictions • MSM when networked will be more valued by the public • Specialised media will be more valued - eg finance sport etc • Public sector will sustain • All organisations with a public role are becoming media organisations. Government, business, NGOs, unions and the rest can all now communicate directly with the citizen and act as a forum, watchdog and reporter. • 50% of current jobs will go
  • 6. Structural change I predicted in 2009 • In some shape there will emerge a more semantic web that understands what you want from the Internet and seeks to provide it - so it threatens to disintermediate the editorial function entirely. • We will be able to tap into the power of connected online data and networks - but the Internet will be so vast that we will increasingly operate in separate clouds within that internet sphere - this has profound implications for the role of news media organisations as they shift from institutions to networks to clouds.
  • 7. What I said you should do in 2009 • In a world where people have instant and easy access to your rival's work - what are you adding? • How connected are you to your audience? • How relevant are you to the consumer? • How editorially diverse are you?
  • 8. UK as a news lab • Two newspapers have died: Independent & New Day • 2016 advertising crisis: Brexit or structural? • Continuing newspaper sales decline after election boost • Similar shifts in audience behaviour to US but a different mixed media ecology
  • 9. Guardian • Open model, reach • Massive losses • Over staffing • No editorial business strategy • Now seeking ‘membership+’ model • Cross subsidy from capital sales fund
  • 10. Mail • Relentless editorial focus online • Strong paper product • Reach, global scale • Advertising • Profitable but digital revenue growth stalled
  • 11. Times • Fairly strong pay wall • Strong subscription marketing with additional benefits • Strong but narrow editorial offering • Profitable but declining online presence and where do new readers come from? • Cross subsidy from Murdoch empire
  • 12. The Sun • Abandoned pay wall • Strong sports video offer • Ancillary business – eg holidays • Feminisation • Humour • Social experimentation
  • 13. FT • Subscriptions now 50% plus revenue • Digital first • Global rolling production • Specialisation • Community management • Diverse strategy – newsletters to data viz • Change in editorial tone and range • How To Spend It
  • 14. Digital natives • Buzzfeed • Politico • Vice • Guido Fawkes But it’s platforms that are killing it: • Instagram, Snapchat, Whatsapp
  • 15. Local press • Disinvestment • Closures • Consolidation • Marketing and editorial economies of scale • BBC partnership • Emerging hyper local UGC websites • Trinity bought ‘i’ newspaper • Johnston Press about to launch new digital offerings (eg online only titles)
  • 16. Key goals • Engagement not traffic • Branded content • Diversification • Segmentation • Mobile • Video • Platform deals: is Facebook your friend? • Paper maximisation
  • 17. Predictions • Brands & bulletins are remarkably resilient but they are not enough • Advertising is going through the same crisis as journalism • Continuing hollowing out of local media – hyperlocal fails to replace • BBC not the enemy – the rest of the Internet is • Plus corporate, government, NGOs, marketers who will fill the information space • Value added content is king – community is vital but does not monetise • News is dead, long live journalism (esp mobile & video) • Use data but to an end – get emotional – all journalists must be marketers • Ignore America
  • 18. • Nine Things You Need To Know About The Future of News: • http://blogs.lse.ac.uk/polis/2016/02/19/futur e-of-news/