The author or this article makes 5 major points about newspapers innovation:
- Don't try to be an aggregator - offer informed, and unique perspectives not found elsewhere
- Do your homework - study online behavior A LOT
- Be smart with your add ons - don't just add stuff for the hell of it
- Move away from advertising money and towards content based money (i.e. subscriptions)
- Importance of life events - membership gets you more than just a newspaper, it gets you access
Personally I really enjoy this way of thinking. It's a nice middle ground between social media sites are taking over the world and newspapers are dying. But let's talk about print media - an article from USA Today gives the numbers for 2015 from a comprehensive Pew study. The basic premise? Print media is declining, and expensive... but a little over half of readers still prefer a print version! So it's not all bad news. If I'm being honest though, I think print media is on its way out, but it won't be for awhile. Print media is just way more expensive than digital media and as the people who prefer print become decrease the price of that print media is going to increase. And as that price goes up, the people willing to pay that price will go down (aka the law of demand) - this cycle will continue until print media continues no more. Media is changing, it has before and it will again - and I don't really think it's a bad thing. Newspapers will continue to produce important content, we will just probably be consuming that content in different ways.
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