Michael Cairns is a publishing and media executive who established Information Media Partners in 2006. In this document, he provides predictions for 2010 in the publishing industry. He predicts that e-books will continue growing but content will move to "the cloud". He also predicts challenges for libraries from mobile access threatening publishers' sales models. Publishers may build subject-specific content communities and collaborate more with magazines. The library and magazine markets may face difficulties in 2010.
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Introduction
Michael Cairns is a publishing and media executive with over 25 years experience in
business strategy, operations and technology implementation. As a business
executive, Mr. Cairns has successfully managed several troubled and under-
performing businesses, creating new business opportunities, developing new funding
sources and enhancing shareholder value for investors. His years spent as an
operating executive have largely been with brand-name publishing companies such
as Macmillan, Inc., Berlitz International, Wolters Kluwer Health, Reed Elsevier and
R.R. Bowker. As a consultant, Mr. Cairns has worked with clients as diverse as
AARP, Hewlett Packard, InterPublic Companies and Reed Elsevier with an emphasis
on business strategy, market development and corporate development.
His skills and experience include:
Business and corporate strategy development and implementation
Operations management and business transformation
Traditional and digital publishing and operations
Print-to-digital transformation and adoption of new business models
Software development and software services
Mr. Cairns holds an MBA (Finance) from Georgetown University and a BA from
Boston University. He has served on several boards and advisory groups including
the Association of American Publishers, Book Industry Study Group and the
International ISBN organization. Additionally, he has public and private company
board experience.
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Michael Cairns
Information Media Partners
Strategy Consulting
New York, London, Melbourne
Tel: 908 938 4889
Michael.cairns@infomediapartners.com
Find me:
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Information Media Partners
Michael Cairns established Information Media Partners in 2006 as a boutique strategy
consulting firm focused on the information and education publishing segment. The work
conducted by the firm includes product development, corporate development, sales
management and corporate reorganizations. We work with established businesses, private
equity owners and potential acquirers.
Examples of our work include:
Reorganized and re-focused a $25 million software publishing company by aligning
business operations with client priorities; implementing internal collaboration tools and
project management standards; re-building executive team to focus on effective and
efficient management
Defined a new business strategy for a large non-profit association and advocacy group,
expanding their business model into global markets to exploit their core knowledge and
expertise across a broader market
Led an information technology capabilities review at a large international advertising
holding company. Completed over 200 interviews in 15 international offices and multiple
group focus sessions to define the operational ‘gaps’ between existing agency capabilities
and those necessary and important for client delivery by region
Completed a sales management effectiveness review for a global software company and
defined six key project initiatives to improve sales effectiveness, market development and
account management
We approach our client engagements in a standardized, logical manner which creates the best
environment to identify key business drivers, administrative and logistical road blocks and/or
product or market definition issues. Our investigative approach leads to better insights into
your businesses and supports the development of workable solutions and recommendations
for success.
Visit the Information Media Partners website for more information.
Sample Client List
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Better or worse?
During 2009 Book Publishing a winner
Contrast: Magazines, newspapers, some television
No ‘resurrection’ during 2009
Executives guarded about immediate future
Anticipated short to medium term problems with
education and library funding
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Maturing macro trends
Educational segment development
Electronic content and applications
Testing, assessment
Increasing not slowing
“New” not migrated products
Speak about “databases” and “subscriptions”
Paid subscription models
Experimentation: Disney
Bullying: NewsCorp
Attempts to separate advertising and subscriber web models
Experimentation with “communities”
BusinessWeek exchange
Nature.com
Tor.com
Harlequin
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What hasn’t happened
No trade consolidation
Anticipated for several years
Far less Merger/Acquisition activity
Mismatch: Valuations and expectations
Big names on market for extended period
Collaboration across the supply chain
Friction with Amazon & pricing
Physical book retailing heightens problems
Institutional knowledge leveraged
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Macro predictions 2010
E-Books
2009 ‘Year of the E-Book’
End of 2010: The Cloud
Google Editions
Apple’s (Hardware) role in book/media content will
be defining
Content ‘rights’ challenged: Concept of ownership
E-Content rather than E-Books
E-Content another format option
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Macro predictions 2010
Are the Libraries my Friend?
Mobile and remote access awakening threat to trade
publishers
Content aggregators build relations with Publishers
Requirement for more research on patron use of
content
Implies an industry wide ‘re-think’ of library sales
model
Challenges definition of ‘purchase’ and ‘loan’
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Macro predictions 2010
Content silos: How trade build community
Subject specific content silos
Publishers license ancillary and related content: Drive
repeat traffic
• Encyclopedia
• Reference
• News content
• Seminars/How to’s/ interactive modules, etc.
Become sites within sites: Build community with
consumers
Build other services
Over time create broader types of content to support silos
Trade titles/imprints with other publishers
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Micro predictions 2010
Library market challenged through mid 2011
Retention, renewal, pricing difficult
Perhaps some vendor consolidation as a result
Return of collaboration between magazines and traditional
publishers
Return of serial and short story: Magazines need ready-made
content
Trade-off for publishers: Magazines offer targeted marketing
Year of warfare
Publishers vs. retailers, wholesalers vs. retailers, retailers vs.
retailers, publishers vs. consumers
Consolidation of trade houses
As magazines migrate on-line they will need more content and
journalists will be there: Magazines outsource editorial
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Please review my blog post associated
with this presentation:
http://personanondata.blogspot.com/2010
/01/predictions-2010-cloudy-with-chance-
of.html
Michael Cairns
Managing Partner
Michael.Cairns@InfoMediaPartners.com
908 938 4889
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