The executive director of the International Newsmedia Marketing Association is opening up with his blog to share some strong insights into the business of media.

Earl Wilkinson's latest post discounts the imminence of paywalls, but he does point to an emerging hybrid of business models for media in the years ahead.

In broad outline, among them:

1. Direct funds from consumers for their niche passions.
2. Direct funds from businesses for databases and directories.
3. Foundations to help finance investigative work and memberships for extra access to content.
4. Contextualized content to alert people.
5. Advertising, with a print element, to finance the balance.

What he clearly worries about, though, is the way in which media aren't establishing value on content or thoroughly segmenting their audiences of strong and weak users. Those issues need reconciliation and at the moment companies are dancing around the issues.
 


Comments

09/09/2009 13:17

This is spot on!

Very much in line with the report Outlook for Newspaper publishing: Moving into multiple business models by PricewaterhouseCoopers, summarized at The Business Model Database.

To quote Chris Anderson “If you don’t make your exclusives free, other people will report on your exclusives, and they will get all the traffic… To reference my last book, The Long Tail, you get the head of the curve, the most popular stuff, that's best to monetize with advertising, and you got the tail of the curve, the niche stuff, a more narrow interest, that is best to monetize with direct payments… Give away the head, sell the tail”

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