Welcome!

Industrial IoT Authors: William Schmarzo, Elizabeth White, Stackify Blog, Yeshim Deniz, SmartBear Blog

Related Topics: Agile Computing

Agile Computing: Blog Feed Post

Why Local Newspapers Require Radical Reinvention to Escape a Very Grim Future

They provide too much of what readers can get anywhere and too little of what readers really want

Local newspapers and business-to-business publications face similar challenges as drastic drops in ad revenue drive equally drastic drops in relevant and compelling content.  But for newspapers, ad revenue declines are exacerbated because the highly profitable classified advertising sections have almost disappeared as readers flock to the Internet.  Moreover, business-to-business magazines that are well positioned still offer uniquely valuable niche content that helps readers succeed. Their readers still count on them. That’s not so true for our local dailies.

I believe that the potential nail in the coffin for local newspapers is the ease with which readers can access national and international content thanks to the Internet.  Conversely, I believe that the potential salvation for local newspapers is to become resoundingly local.

woman reading newspaper in front of windowLocal Newspaper News Monopoly Disappears
In the heyday of local newspapers they enjoyed a virtual advertising monopoly that was reinforced by an effective information monopoly.  That is, in a region like ours, the Naples Daily News was the most obvious source for local, state, national, and even international information.  They did a great job of aggregating content that enabled readers to get a good snapshot of everything they likely wanted to know once they had finished their ritual reading of the daily newspaper. 

Because most Americans were never blessed by a hometown newspaper like the New York Times or the Washington Post, they read the syndicated content from sources like the Associated Press which was bundled into their local daily.  Of course, healthy advertising revenues also supported lots and lots of local news coverage, too.  In addition, as we publishing veterans would point out, in many ways the advertising was just as important to readers as the articles.

As an example of the declining relevance of a local newspaper, the Business & Commentary section of the July 4 issue of the Naples daily news underscores the declining impact and relevance of the local press. 

  • there is no longer a stand-alone business section.  It is combined with a commentary section.
  • the entirety of the business coverage is on a single page. 
  • the lead story on that single page comes from the Associated Press and relates, perhaps ironically, to the reinvention of the Saturday Evening Post. 
  • four news briefs from unnamed wire sources populate a hodgepodge column that includes a story about an oil brokerage firm losing millions to trading
  • the two local stories on the page are openly credited to contributions by outside sources, one of which is a local PR firm. They don’t even pretend not to be press releases.

The net effect of this dearth of local news is to reduce the relevance of the newspaper to local readers.  I did a quick count of the Sunday edition of the paper and found that in the lead section a tiny fraction of the stories dealt with local issues.  Everything else consisted of Associated Press articles on national or state topics. 

This formula of combining local and syndicated content for business and other feature stories worked when there was plenty of local information provided and when readers had only expensive, if any, access to sources like the Wall Street Journal, the Financial Times, the New York Times, the Washington Post, and the London Times. Today, any reader with Internet access can read not only those fine newspapers but what are now effectively daily online editions of Business Week, Fortune, Forbes, The Economist, and a host of other fine business publications.

The unfortunate bottom line is that we rely much less on our local dailies for essential news and information both because we have excellent online alternatives and because there is less compelling local substance.

A Modest Prescription for Local Newspaper Survival
I am certainly not alone in suggesting that local newspapers will have to reinvent themselves in order to survive. But, I believe that a really radical reinvention is required. 

Local newspapers need to focus like a laser beam on local coverage.  It is the one obvious area where they can outperform any national or international competitor.  It is also an area of abiding interest among the local community.  We all want to know what is going on with local businesses, growth and development, the local and regional economy, government institutions, community organizations, social activities, entertainment, and much more.  Therefore, they need to add, rather than reduce, local content.  Perhaps, they could even jettison all that expensive syndicated content completely thereby reducing printing costs while increasing relevance.

The other area of opportunity resides in well organized citizen journalism.  I don’t believe that this can be done in the tentative way that is typical of so many publications.  For example, The Naples Daily News has opened up virtually all of its articles to commentary in an effort to engage readers.  But, because they are unable to monitor the commentary closely, we wind up with a wild array of commentary from the thoughtful to the lunatic fringe.  This means that even positive articles or reviews about local companies can be poisoned by unsupervised comments.  

This doesn’t  mean that citizen journalism cannot work. Quite the contrary. We are blessed with an intelligent, affluent, and informed local population who could almost certainly generate world-class citizen content with the active and enthusiastic supervision of trained editors.  We are capable of creating local content that would be so relevant and compelling that it would recapture readers—and all those recaptured readers would lure back the advertisers.

In fact, there are early indications that the Naples Daily News may be moving in this direction.  If they do, and if they get it right, I’m confident that our own daily and its newspaper brethren across the country can thrive once more. I certainly wish them well on our collective behalf.

Read the original blog entry...

More Stories By Newt Barrett

Newt is a leading thinker on the new discipline of content marketing. He urges marketers to think like publishers by delivering essential, relevant, and timely information that makes customers smarter and wiser–and much more likely to become buyers. Newt is a successful publishing executive with more than 25 years of experience as both a manager and business owner. He has launched profitable publications in the high tech arena for both CMP and Ziff-Davis. He was an early player on the web in 1996 as Publishing Director of an early Yahoo competitor, NetGuideLive. As an entrepreneur, he launched Southwest Florida Business and BusinessNewsNow.com in the late nineties, later selling them to Gulfshore Media. His publication still thrives under its new name, Gulfshore Business. In addition to his sales and marketing skills, Newt is a published writer for Business Currents and Gulfshore Business magazines. He writes on topics as diverse as healthcare, education, public policy, growth, business best practices, and technology. He knows how to build great brands that serve client marketing needs. He is comfortable driving dramatic market-driven changes. Newt is recognized as a leader with the ability to move teams in new, unexplored directions. He is effective in high level sales and marketing conversations with senior executives in client organizations of all sizes. He delivers successful consulting engagements to improve products, people, and processes.

IoT & Smart Cities Stories
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management models. The results are more diverse and federated computing models than any time in our history.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...