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How Magazines can Survive the Digital Age ,[object Object]
Traditional media is losing “news” market share to the Internet Source: Pew Research Centre via Marketing Charts August 2008
Text And as more people spend time online, the less time they  spend with traditional media Source:  Journal of Computer-Mediated Communication
So will internet kill  the print media star?
NO New technology never completely replaces old technology.  We generally find a new purpose for “old tech”
Cars didn’t replace horses. Horse riding evolved from  transportation  into  recreation
Photography didn’t replace painting. Impressionism, cubism, surrealism and several other important art movements emerged  after the invention of the camera .
Digital media, social or otherwise, won’t completely replace print media. Print media will evolve.
Magazines are best positioned amongst traditional media to weather the internet storm as the industry already is structured as a ‘mass of niches’ with a title catering to almost any interest
While 2008 Ad Revenues are down 11.7% Source: Magazine Publishers of America
... circulation revenue is up Source: BusinessWeek, May 15, 2009
Insight Magazine content is valued by readers  Using advertising as the primary source of funding that content is what’s broken
“ What business are you in?” Jeff Jarvis, author of  What Would Google Do
Not breaking news Twitter and blogs do it faster
Not community Services like Facebook and Meetup have that covered
There are many newspapers and news shows reporting the same things.  Magazines have a voice and in this era voice is values ; magazines can create content with unique value and if they can continue to find readers across media they will survive. Jeff Jarvis
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Magazines are  curators of content  of a particular taste and point of view.
How does one profit from content when standard advertising can no longer pay most of the bills?
Be a Brand Maxim is more than a men’s magazine. It’s a male fantasy brand that throws parties and opens nightclubs. Having multiple revenue streams takes away the publisher’s dependence on advertising. It also allows for a deeper understanding of the audience allowing for  richer marketing partnerships with other brands
Be a Brand Extension “ O – The Oprah Magazine” extends Oprah Winfrey’s personal brand. In Canada, LCBO’s “Food & Drink” and The Beer Store’s “Chill” serve as a marketing platform for brands within their respective categories.
Find a  receptive  captive audience In flight magazines like En Route and commuter magazines like Metro can promise a receptive audience to marketers because of their captive audience
Find a  receptive  captive audience Are there any unexplored captive areas?
Be a content platform OhMyNews is a Korean newspaper that edits articles  crowdsourced from citizen journalists . The writers are paid if the article is published. With less full-time staff, the paper is able to sustain itself
Be uber-premium ,[object Object]
Be an Aggregator Lexus sponsored “Mine” Magazine, an aggregate of several titles based on preferences chosen by readers HSBC sponsored a custom magazine where consumers would get an HSBC branded hard cover, choose from a series of loose-leaf articles, and have it bound before their flight
Be an Aggregator Now imagine a meta-magazine, one that scoured the Internet for great content that matched your preferences either by survey or based on your Facebook profile. Article quality would be determined by reader reviews, an automated algorithm, and/or editorial reviews. Ads and marketing partnerships could be targeted based on  article context  and  reader profiles.
The Bottom Line ,[object Object],[object Object]
Thank You Jason Dojc www.linkedin.com/in/jdojc

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How Magazines Can Survive the Digital Age

  • 1.
  • 2. Traditional media is losing “news” market share to the Internet Source: Pew Research Centre via Marketing Charts August 2008
  • 3. Text And as more people spend time online, the less time they spend with traditional media Source: Journal of Computer-Mediated Communication
  • 4. So will internet kill the print media star?
  • 5. NO New technology never completely replaces old technology. We generally find a new purpose for “old tech”
  • 6. Cars didn’t replace horses. Horse riding evolved from transportation into recreation
  • 7. Photography didn’t replace painting. Impressionism, cubism, surrealism and several other important art movements emerged after the invention of the camera .
  • 8. Digital media, social or otherwise, won’t completely replace print media. Print media will evolve.
  • 9. Magazines are best positioned amongst traditional media to weather the internet storm as the industry already is structured as a ‘mass of niches’ with a title catering to almost any interest
  • 10. While 2008 Ad Revenues are down 11.7% Source: Magazine Publishers of America
  • 11. ... circulation revenue is up Source: BusinessWeek, May 15, 2009
  • 12. Insight Magazine content is valued by readers Using advertising as the primary source of funding that content is what’s broken
  • 13. “ What business are you in?” Jeff Jarvis, author of What Would Google Do
  • 14. Not breaking news Twitter and blogs do it faster
  • 15. Not community Services like Facebook and Meetup have that covered
  • 16. There are many newspapers and news shows reporting the same things. Magazines have a voice and in this era voice is values ; magazines can create content with unique value and if they can continue to find readers across media they will survive. Jeff Jarvis
  • 17.
  • 18. Magazines are curators of content of a particular taste and point of view.
  • 19. How does one profit from content when standard advertising can no longer pay most of the bills?
  • 20. Be a Brand Maxim is more than a men’s magazine. It’s a male fantasy brand that throws parties and opens nightclubs. Having multiple revenue streams takes away the publisher’s dependence on advertising. It also allows for a deeper understanding of the audience allowing for richer marketing partnerships with other brands
  • 21. Be a Brand Extension “ O – The Oprah Magazine” extends Oprah Winfrey’s personal brand. In Canada, LCBO’s “Food & Drink” and The Beer Store’s “Chill” serve as a marketing platform for brands within their respective categories.
  • 22. Find a receptive captive audience In flight magazines like En Route and commuter magazines like Metro can promise a receptive audience to marketers because of their captive audience
  • 23. Find a receptive captive audience Are there any unexplored captive areas?
  • 24. Be a content platform OhMyNews is a Korean newspaper that edits articles crowdsourced from citizen journalists . The writers are paid if the article is published. With less full-time staff, the paper is able to sustain itself
  • 25.
  • 26. Be an Aggregator Lexus sponsored “Mine” Magazine, an aggregate of several titles based on preferences chosen by readers HSBC sponsored a custom magazine where consumers would get an HSBC branded hard cover, choose from a series of loose-leaf articles, and have it bound before their flight
  • 27. Be an Aggregator Now imagine a meta-magazine, one that scoured the Internet for great content that matched your preferences either by survey or based on your Facebook profile. Article quality would be determined by reader reviews, an automated algorithm, and/or editorial reviews. Ads and marketing partnerships could be targeted based on article context and reader profiles.
  • 28.
  • 29. Thank You Jason Dojc www.linkedin.com/in/jdojc