BIA/Kelsey ILM West 2011

Paton: Time To 'Step Forward' In New Media

Digital First CEO John Paton told attendees at the ILM West conference that it was time for newspapers to "step forward with the new digital market." Fellow newspaperman, Deseret CEO Clark Gilbert, added that focusing on communities is the key to newspapers' success in new media.
By
NetNewsCheck,

SAN FRANCISCO — Traditional newspapers are taking steps to fix the industry’s “broken” model by changing the way they relate to their communities, two forward-thinking newspapermen said Monday at the BIA/Kelsey’s ILM West conference here.

Digital First Media CEO John Paton and Deseret Media CEO Clark Gilbert agreed in separate presentations that the business environment was improving now that newspaper companies were finally adapting to the new media market.

Story continues after the ad

"I'm the newspaper guy that people get a kick out of because I say, 'newspapers are broken,'” Paton said. "The newspaper model is irretrievably broken."

Digital First has recently taken on the revamping the Web presence of MediaNews Group's 56 daily newspapers across the country, as well as those of the Journal Register Co.

"It's time to step forward with the new digital market," Paton said. "We're getting closer to the Holy Grail of value alignment with our communities."

Paton also announced that Digital First has created a new venture capital company that will invest in startup companies specializing in content, advertising and building audiences. Digital First Ventures will launch in the first quarter of 2012.

"We're merging our considerable scale with startup innovation," Paton said.

Paton said newspaper companies had made a strategic mistake by trying to offer something for everybody instead of concentrating on excellence.

"We're trying to be average at everything instead of being great at some things," he said. "Average loses every time on the Web; it can survive in print, but it loses every time on the Web."

Gilbert said newspapers had erred in focusing on what was important to their employees instead of what was important to their communities.

Salt Lake City-based Deseret, owned by the Church of Latter Day Saints, includes in its content items on family, education and faith in the community.

"There's a huge faith gap in newsrooms," he said. "Faith and family is not a niche."

Gilbert also said one of his company's innovations, a Family Media Guide that advised readers about movies and programs suitable for families, had grown in popularity and was beginning to be licensed to other media companies.

Edit Article

Tags

Comments (1) -

Bjarne Ruebel posted 5 months ago
I take issue with Mr. Gilbert's assertion that "newspapers ... erred in focusing on what was important to their employees ... ." That's like blaming a grounded ship on the crew doing the rowing. The blame rightly belongs on the bridge with the captains (of industry) who lacked the vision and leadership to steer a course toward the future. I agree there is a "huge faith gap in newsrooms" where reporters and editors have no faith in their managers to allow them to provide for their families. Remember, Deseret's newspaper recently shed nearly 100 employees. So much for faith and family.

The Market

Symbol Last Change (%)
Nasdaq 2863.17 -10.87 (-0.38%)
NYSE 7538.89 -53.92 (-0.71%)
S&P 500 1321.42 -3.38 (-0.26%)
Updated 05/17 10:14ä ET Quotes delayed at least 20 mins.
Source: Financial Content
Opinions
Features
Ideas
  • Mobile And The Media's Imploding Biz Model

    Michael Wolff: "If the news business on the Web is depressing, contributing to the existential angst that has gripped every established news organization, mobile turns the story apocalyptic: there is no foreseeable basis on which the news establishment can support itself. There is no way even a stripped-down, aggregation-based, unpaid citizen-journalist staffed newsroom can support itself in a mobile world."

  • WashPo Ombud's Paywall Analysis Is Faulty

    Ryan Chittum: "You can't compare nine months of circulation-revenue changes to 12 months of ad-revenue changes and then say the former 'didn't even cover the decline in the latter.' That's like giving somebody a 100 meter headstart in the 400 meters and then talking about how the laggard couldn't even compete, even though they ran faster than the rest of the field."

  • The 'Sharing' Mirage

    Frédéric Filloux on the benefits and pitfalls of teaming up with content distributors: "Media should be very careful with their level of reliance on other content distributors such as Facebook, Google, Apple or Amazon. This can be summed up to a simple question: can we trust them?The short answer is no."

  • Paywalls Open Doors For Local News Sites

    Howard Owens: "As a matter of business reality, when an incumbent business moves deeper into sustaining innovation it opens up opportunities for disruptors. In every market where a newspaper puts up a paywall, an opportunity is created for an entrepreneur to start a local online news business."

  • For Future Of News, Killer App Is Credibility

    Robert Hernandez, an assistant professor of professional practice in journalism at USC Annenberg: "With technology empowering everyone with the ability to create and to distribute, I predict — and wish — that in 2012 the new dominating factor will be Credibility. Actually, earned Credibility."

  • Layoffs, Cutbacks Lead To News Deserts

    Tom Stites: "Desertification is on the march, claiming more and more communities as newspapers continue to wither and few Web efforts manage to replace more than a fraction of the original reporting that newspapers have abandoned."

  • Moneyball: Fixing Newspaper Web Sales

    Mel Taylor: "Today's Newspaper industry is like that once great, but now struggling baseball team playing on a new, hyper-competitive field called the Internet. The veteran print team is stuck in a rut using the same, tired strategy that did serve them well for years, but no longer. Today, they get trounced by those with more money and muscle."

  • The Metric For Missed Expectations

    Matthew Shanahan: "Here’s the problem: [Click-through rates don't] take into account audience engagement, not to mention the fact that other advertisers are competing for the click-through on the same page."

  • View More Opinion & Commentary

     

This advertisement will close automatically in  second(s). You will see this ad no more than once a day. Skip ad