USA Today has always faced challenges and opportunities. There are several challenges have affected USA Today. The newspaper has been in the adapt quick or die stage for quite some time. Most businesses in today’s economy are facing power shifts to customers, massive increase in product selection, shifting demand patterns, and privacy, security, and ethical concerns (Ferrell & Hartline, 2014). USA Today’s biggest challenges are shifting demand patterns, changing demographic of readers, competition, distribution, production costs, and technological advances, but within these challenges there are great opportunities.
One of the main challenges that USA Today faces is the changing demographics of its readers. The new demographic of readers
…show more content…
A decrease in classified advertising to companies like Craigslist. A challenge comes in the wake of the multitude of choices for consumers and advertisers. If readership is down, companies do not want to spend large amounts of money to advertise (Ferrell & Hartline, 2014). While the NY Times and Wall Street Journal are the most obvious competition, they are also against competitors from several fields, such as cable networks, radio providers, internet sites, and blogs. An opportunity is that communication is no longer tied to only desktop computers. Opportunities include focusing on digital media by relaunching online, mobile, and tablet products (Ferrell & Hartline, 2014).
Technology provides a way to deliver news more cost effectively, customizable, direct, and more useful than newsprint (Fox, 2014). This gives USA Today opportunities to expand their reach to new customers and mediums there is an opportunity to expand globally in digital media. This would be a tremendous stride for a company that has focused mostly on US news the majority of their life.
While USA Today has hit many of these challenges head on, they still face fierce competition that is carrying out similar marketing strategies. USA Today’s greatest challenge lies within increasing there online, mobile, and other technological mediums. Within this challenge they have the opportunity to gain new customers and expand their business globally.
The New Yorker is a magazine that is published weekly and reports on multiple topics such as: business, politics, international affairs, and technology. After researching the reader demographics of this magazine I’ve come to discover who actually reads The New Yorker. The statistics I found on the reader demographic consisted of age, sex, social economic background, education and political views. When this magazine was first created in 1925, the publishers had a target group of readers that they were attempting to reach out to, still today the same group of readers are targeted.
Even though USA Today is a national newspaper, it is written in shorter piece and sprinkled with eye catching, colorful photos, graphs, and charts designed to address the needs of a sound-byte generation, which are never consider by any other media source and it makes the USA Today’s content refreshing and more engaging than other papers. Because of this the USA Today’s circulation grew rapidly from roughly 350,000 in 1982 to approximately 5.9 million daily print and online readers today. When comparing USA Today with other competitors like the Wall Street Journal, which has 2.12 million subscriptions and the New York Times, which has 1.58 million subscriptions, the USA Today remains the number one print newspaper and USAToday.com, is the internet’s top sites for news and
In chapter one, Wattenberg discusses the declining trends of Americans who regularly read newspapers between the 1960’s and present day. This can be attributed the aging patterns among generations who frequently read newspapers as well as with the use of technology rising. Reading the newspaper is a habit that either is or is not developed by the time one reaches voting age. With this, newspapers have become an older generation’s primary source of information, however, are still the best source for political matters. Younger generations tend to be more computer literate and have grown up with television and media more accessible to them than the previous generation. These trends not only reflect in American culture, but in other countries
This paper discusses the growing success of The Huffington Post. The online publisher has become a prominent online news source over the years and this paper examines the success, while relating The Huffington Post’s strategy to common marketing analysis tools such as the Porter Five Force Analysis, as well as discussing four different revenue models for online publishers.
Tom and the USA today team faced a new rapidly developing internet information boom. News was not just becoming accessed more by digital sources, but it was being created or changed into digital sources of information. The internet had created, in the context of the news industry, a disruptive outlet to the newspaper production, sales, and distribution. Whole new infrastructures and business strategy focused on web design, rapid information updates, media outlets, and becoming more up to date with the current technological trends in news, information, and communications. With that, Tom realized that the business expand and use its core competencies in content distribution into three formats, which would allow USA today to impact different market segments with one of three particular product/service changes. With the new divisions, the overall strategy would need to become more ambidextrous to guide and coordinate the branches under a single
On its debut in 1982, USA Today was reckoned as America’s first National general-interest daily newspaper. Being the global information juggernaut that he is, Gannett managed to identify a gap in the market that he identified as an opportunity for the leading to-be newspaper of the united States. The opportunity was the void gap in the market. Attention to the business traveler was the least attended to
For decades, National Public Radio has maintained a legacy as a successful worldwide news organization. However, the news produced tends to be consumed mainly by an older audience. It has a reputation among millennials as one of the less entertaining news outlets. It is essential for news to be exciting in order to capture the attention of this millennial audience, and NPR tends to lack the excitement value it needs to fully reach this massive demographic. In order for the station to better attract and maintain millennial readers, viewers and listeners, the organization needs to cater to their lifestyle habits and preferences. In a constantly changing and developing world, NPR needs to be ahead of the game in technological advancements.
We live in the digital age. The world has been made smaller and smaller through the use of the World Wide Web. Information and communication are far more accessible than ever before and studies have made it evident. ?Pew Research Center, a nonpartisan fact tank, studied the Internet access of Americans over a 15-year period, from 2000 to 2015. The study found that approximately 84% of Americans use the Internet now, compared to just 52% in the year 2000.? (The Future of Immigration Law Practice, 2016). It is no wonder that marketing trends have been moving towards online marketing strategies.
USA Today is a well-known newspaper company who dominates print news in the United States. Currently reaching nearly three million readers, USA Today has climbed their way to the top by evaluating and consistently re-evaluating their strategies to maintain and grow their consumer base, which consists of businessmen, professionals, and politicians (About USA Today). One of their greatest strengths is the wide range of their distribution. USA Today distributes newspapers in all fifty of the United States as well as parts of Canada and the United Kingdom (About USA Today). Their content is styled in an easy to read and understand way, making it more desirable to their readership versus other competitors’ newspapers. The company has established a well-recognized design for their newspaper, making it stand out among its competitors. USA Today is a “go-to” choice for consumers who daily read the newspaper.
Problem Statement: The advent of internet brought about both challenges and opportunities for the newspaper industry. On one hand, it required redesigning a new product suited for online customers and on the other it was an opportunity to reach to 123 million potential customers in this category. Thus to keep up with the pace of emerging digitization in every field, like all newspapers, New York Times also added online reading in their product portfolio. However it only worsened the crisis the newspaper was already going through. The operating profit declined by more than 76% from 234Mn$ in 2010 to a mere 57Mn$ in 2011. The circulations were steadily declining and the new online advertising could not compensate for print advertising
USA Today has created a loyal and dedicated consumer base by focusing efforts on brand recognition and corporate alliances. Since the decline of the paper reader and increase of online media, USA Today has repeatedly met and adapted to consumer demands. USA Today, since 2008, has proceeded to evolve their media format in direct competition with others within the newspaper industry. Additionally, alignments with television and retail locations have been used to increase current product value, as well as, increase awareness with a broader audience. USA Today’s marketing strategies insist and are dependent on connecting to online audiences by utilizing partnerships within the online community (Ferrell & Hartline, 2014). These efforts have
The New York Times has a strong brand presence, name and equity in the United States. According to Michael Hirschorn, contributing editor at the Atlantic, “You really can trace almost any major story these days to something that originally appeared in The Times. The problem is that once it reaches the public, they may not even know it came from The Times.” Readers of The New York Times are extremely loyal as well. A daily issue is priced at $2.50 compared to $2.00 for the Wall Street Journal and $1.00 for USA Today. In addition, within nine months, 390,000 consumers have subscribed to www.nytimes.com for a premium price of approximately $4.00 a week [Table B] and 70% of print subscribers have taken
Q4. Briefly identify external factors that have impacted newspaper industry in the past 20 years. How have diversification and differentiation strategies sustained business growth for the HKET group?
The Chronicle Gazette is one of today’s leading newspapers in the United States, with a circulation of 225,000 customers. Over the past few years, it has been facing a steady decline in its customer base and revenues. This is mainly due to the increase of people using the internet as their means of gathering news and information. The
While interning at the marketing and sales department at B.Z. Berlin (a tabloid newspaper in Berlin), I was able to gain an insider's view of how both print and digital publications must position themselves in the competitive, ever-changing news marketplace. Marketing within the communications industry is extremely cutthroat and even relatively popular tabloids with an established readership like B.Z. Berlin must fight for market share. Over the course of my internship I grew increasingly aware of the relevance of the four Ps of marketing known as 'promotion, price, product, and placement' (The marketing process, n.d., The Times 100: Business Case Studies).