Introduction News paper companies are facing competition from other TV media and online new media. Advent of information technology and proliferation of TV media has increased the competition in information and new market. In some years ago new paper companies had the monopoly in spreading news and information. Due to proliferation of TV media and online media the relevance and scope of news paper has lost and news companies have been losing subscribers and subscription revenue. The reach and impact print media is very less compared with TV and online media. Now there are various substitutes available for new papers. News paper companies have been losing subscribers that have resulted in fall in subscription revenue. Business and other …show more content…
Provide something that customer really want and need.
Promote single copy sales: - A great way of increasing the subscription rate of a news paper is promoting single copy sales. Selling long term subscription can be very difficult but selling a single copy is not that difficult and it is easier too. So the news paper company has to look for ways to increase the single copy sales through various ways. Success of this method depends on the target readers and quality of the news we provide.
Prime Targeting
It is simple and plain because every new paper publication has specific target readers. Depending on whom the media wants to speak to, the content and writing and simplified and complicated. It is advisable to develop the content in either way and undertake various promotions activities for intended readers. If you readers, for example consists of college student, the company better make sure that the content and news stories are suitable within that group.
Promotions and other great deals
One of the best possible ways to increase the subscription rate of a newspaper is to incentivize the subscribers through adopting various strategies. The incentive should suit the news paper company’s target readers. Let us assume the still the news papers target reader is college students. Offering those sports utilities with the subscription to news paper is not exactly exciting. Offering your target
Positive- Newspapers provide readers with new news headlines as they provide readers with a lot of information from the latest headlines from football.
This is a good strategy even if the reader doesn’t buy the newspaper, they may still recommend the paper to a friend. This is good for the newspaper as it could potentially increase revenue that is the thing needed for the newspaper to keep
In order to gain predominance in the fury market competition and win readers, traditional newspapers have made great efforts to design its contents published and meet the demand of their target audiences. For example, newspapers tend to focus on a specific theme, called “personalized news” such as finance, entertainment, education as well as all fields readers are interested in.( Martin Conboy & John Steel, 2008) In this way, the
(c) Developing Promotional schemes through Marketing especially for new brands who need a base: Pros: A lot of new companies while establishing their brand can help give promotional offers for online customers of the newspaper Cons: Such opportunities may be temporary depending on companies available to such agreements. (d) Leaky Wall Concept: Allowing users through other sites such as google/facebook etc to have access to its online content Pros: It will open another avenue for revenue generation and such sites especially social network are in vogue Cons: It is kind of a group subscription where through which users get free access to online reading who might have otherwise paid. (e) Rationalized share of business for print, paid online and free online products for optimal revenue generation: Special editions like weekend ones can be made available only in print or paid media while general content can be made available in print and online free reading. Pros: It will help retain both the print and online product customers. Cons: Top notch authors may not agree to the idea of writing only for the paid media, either printed or online at a time when they have options to reach out online to a wider readership.
Print media is one of the most powerful and cost effective medium to transfer information and knowledge. The print media industry in India is over century old. Additionally it is a settled industry. This industry basically involves publishing daily papers and magazines. India has the second biggest population and one of the fastest developing economies on the planet. Along with these the expanding level of income of people groups and the strong rivalry in this industry help print media in its development. Makers are expanding step by step, new readers from outside India is likewise a factor of intense competition. Indian readers prefers Hindi magazinescompared to English magazines. On account of Times group the readership of Hindi Femina is higher when compared with English magazines. Ernst and Young said in their study report "Indian magazine segment: Navigating new development roads", it has been said that out of the 20 most read magazines in India, just three magazines are in English, while the remaining are in Hindi and other regional languages. This review additionally said that more than 300 million literate people don't read any publications. As per ArcGate, the sensational impacts of internet and globalization in current situation are playing high effect on media industry. Indeed, even individuals are presently consuming news and data from web through computers or mobiles, the fame of print media is not decreasing. To avoid from declining of market share in front of
First, studies from Carnegie Corporation show that print newspapers have become the least preferred information source by younger people. Since the internet has come to existence it is easier and faster to look up for news online. Moreover, the loss of readers leads to the loss of advertisers and market value. Many newspapers are financed through advertising revenue. If the Newspapers don’t reach a mass audience, it is unlikely that sponsors will invest
After identifying ten key businesses that would be full page advertisers, Bengal Solutions concluded that there is not a large enough incentive to pursue creating the magazine at this time. Bengal Solutions identified the four regional hospitals, the INL, ON Semiconductor, Premier Technologies, Melaleuca, Bannock Development Corporation, and REDI as potential advertisers since they are the most willing to purchase magazines and purchase advertising while also having the capital to do so. Many of these corporations fall within the scope of the publication and for the ones who don’t they are either concerned with economic development in the area or have marketing budgets large enough to consider the startup publication. The majority of these
Opportunity is the key word for the newspaper industry right now. According to experts, neither digital advertisement revenues nor paywall subscriptions are the answer. Innovation needs to be present in order to define the future of the industry. For example, some added value needs to be present to merit the payment for content that was previously free or can be found using numerous substitute products free of charge.
With the decreasing market, the profitability of newspaper industry is declining. Newspaper revenues came from two sources: advertising and circulation representing approximately 80% and 20% of revenue, respectively. But between 2000 and 2010, annual
Internal Competition: The strength of a newspaper’s masthead relies on the publisher’s awareness of the target audience and its needs and undoubtedly NYT holds a strong brand name. Pricing plays an important role in subscription numbers. Pricing is sensitive as now there are various newspaper-owned websites that offer free content to consumers to increase site traffic and advertising revenue. Competition among companies offering online content is intense; new competitors quickly emerge and may have better
This case study looks at the type of news people want to read, and rankings of importance among types of newspaper readers, however all of the other original research cited in this article is no longer available via the web to legitimise the sources.
Leurdijk, Slot and Nieuwenhuis (2012, p.5) say that “newspaper publishers operate in a two-sided market; selling news to readers and selling readers to advertisers”. This means that the print newspaper industry makes profit mostly through two sources: the turnover of paid circulation and the revenue on advertisement. However, the going downward numbers are signalling the tough time for companies in this industry. According to a report of Communications Management Inc. in 2013, the turnover of national newspaper, both in daily and Sunday, declines against the number of households in Great Britain (figure 1). Between 2000 and 2013, the number of house hold paid for national newspaper both daily and Sunday drops from 60% to 30%.
Newspaper Owner 1 is a “diversified media company that generates most of its revenues through newspapers sold around the country and around the world” (pg. 122). Competition for subscribers and advertising revenues
(Sites devoted to some of the better looking actors and actresses seem to be a
The development of the newspapers has taken place for decades and this steady growth can be attributed to the impact that the Newspapers have in society, therefore, the appreciation level of the same (Bird 2010).