...Ecommerce on newspaper publishers and furthermore strategic recommendations for your company. This report has been prepared according to the upcoming extraordinary session of Chicago Tribune Newspapers CEO’s, Strategic Advisor and the consultancy assistance of McKinsey Strategic Department. This report covers the current situation of circulations and subscriptions regarding the digital era as well as available technologies for newspaper publishers to increase their revenues. Also includes an evaluation of business strategies and activities regarding Chicago Tribunes’ major competitors. This report covers some recommendation for further strategic positioning and investments to create a competitive advantages. In presenting this report, I want to pay tribute to the work of every one of my colleague throughout the strategic department and all journalists within this newspaper. It is a pleasure to find strategies and solutions to keep our business alive and develop further goals. If you have any further questions, please do not hesitate to contact me at any time. Yours sincerely, Zora Bouadjenak; MBA Strategic Advisor Chicago Tribune 1 HOW DOES THE IMPLEMENTATION OF APPS AND E-SUBSCRIPTIONS EFFECT NEWSPAPER PUBLISHERS REVENUES AND THEIR STRATEGIES FOR FURTHER BUSINESSES? A case for Chicago Tribune Newspaper Lectures name: Date of submission: Author’s name: ID: Mr. Chong Hock CHUA 12. September 2011 Zora BOUADJENAK 12643509 2 1 Executive Summary Newspaper publishers...
Words: 4897 - Pages: 20
...comprehensive SWOT analysis for USA Today. Having to deal with dwindling subscription numbers USA Today did two more recent revamps of its newspaper and website. In 2011 the company did a few changes to its layout of the paper including changing the font of some headlines and changing the white space. In May of 2012 the company hired a new president and publisher, Larry Kramer, founder of MarketWatch. In 2012 they did a major change of its website and newspaper. It has changed its logo for the first time since its been printed. The globe logo is now replaced with a large circle that coordinates to the color of the topic discussed, for example green is for the money section. They also changed the look of the website to a cleaner, more interactive look. They are one of the only national newspapers that does not charge for online access. USA Today has always been innovative in how it gives news to readers and the leadership does not feel that its readers should not have to pay to try its way. Strengths: 1. Innovative 2 Visually different from other newspapers; easily to recognize at newsstands 3. Individual State information 4. Works with third-party buyers(hotels) to increase readership. Weaknesses: 1. Low ratings from Critics 2. Does not have pay wall to charge online readers 3. two-thirds of readers do not actually pay for the newspaper. They receive free copies from third-party buyers. Opportunities: 1. Company can utilize and partner with other websites to bring...
Words: 950 - Pages: 4
...Advertising in the press: an ethical issue In September 2012, the French newspaper Libération released a front page that produced controversies. Bernard Arnault, CEO of luxury firm LVMH, appeared above the statement “Casse-toi riche con”. The sentence refers to the Bernard Arnault’s application for Belgian citizenship. After few days of verbal struggle between the CEO and the newspaper, Liberation said LVMH and other firms cancelled for €700,000 in advertising, in response to the front page1. The loss of such a sum can threaten the financial health of the newspaper, whose global sales are around 60 million €. What should Libération have done? Avoid criticizing LVMH’s CEO, to ensure its advertising revenue and financial survival? To deal with the issue of advertising in the press, we need to check its economic weight. In France, the newspaper industry obtains almost 40% of its revenue from advertising2. This number is even bigger in the US (almost 70%). The other 60% are revenues from sales. At the same time, the press industry faces a grave crisis and its benefits are very low. Advertising is thus essential for newspapers survival. Moreover, newspapers have faced the rise of free newspaper for few years. Free newspaper, like the worldwide distributed Metro, find 100% of their revenues in advertising. In front of free news, it has become difficult to sell information. More and more citizens consider today information as a right, and refuse to pay anything for it. The economic...
Words: 4966 - Pages: 20
... Last year, 53% of adults (or 71% of internet users) in the United States received their news online than by buying a newspaper or magazine.1 Things have changed quite dramatically since 748 AD (the first record of a newspaper in Beijing, China). From Johannes Gutenberg’s invention of the printing press in 1451 to dwindling circulation in 2010, the newspaper industry has experienced both impressive growth and steady decline. In the 1700s, market factors such as rising literacy and the development of postal services galvanized the distribution of newspapers. Growth continued in the 1800s with the rise of the middle class. In the early 1900s (i.e. before the advent of television), substantial adverting revenue allowed newspapers to become enormously profitable. However, in the late 1900s and early 2000s, the tides began to shift. The business...
Words: 4702 - Pages: 19
...The front page of a newspaper is a well thought out extension of the values and themes that the newspaper's staff wishes to communicate to their carefully chosen audience. The most important theme of the front page of a newspaper is what particular region of emphasis the paper borrows its values from. To have a successful front page there must be a streamlining of those values and themes so that the core readers can recognize these specific themes. These themes are communicated through three basic categories that make up a newspaper's front page; the layout, the stories, and the aim of the advertising of those stories. The front pages that I have chosen to analyze show three different aims for their region of emphasis; the New York Post, Hartford Courant, and Boston Globe. The first aspect of each front page that I noticed was the layout, and it is obvious that the Post takes a drastically different course than the other two. Their arrangement has one story with a very large color picture and even larger white lettering than the picture. There are no links to any other stories elsewhere in the paper except the feature story however on the first page in there is a more traditional front page layout. But there is also a reason that this front page should be visible on the outside and it relates to the aim of the paper. It is obvious that the Post wishes to grab its readers' attention with this type of layout. The Courant and the Globe have a similar layout with a large color...
Words: 1029 - Pages: 5
...INDIVIDUAL CASE STUDY Victoria Hill Table of Contents 1. Executive Summary ............................................................................................................................. 3 2. Identification of the Problem ............................................................................................................... 3 3. SWOT Analysis..................................................................................................................................... 4 3. 1. Strengths ..................................................................................................................................... 4 Strength 1. Highly innovative newspaper company that has been a leader in news development .... 4 Strength 2 – Gannett is currently the largest newspaper distributor in terms of circulation ............. 4 Strength 3 – Strong portfolio with multiple Brand Extensions and Partnerships ............................... 4 Strength 4 – Excellent presence and distribution in the digital environment .................................... 4 3.2. Weaknesses .................................................................................................................................. 6 Weakness 1 – Relatively small amount of digital subscribers ........................................................... 6 Weakness 2 – Overall revenue and profit is decreasing in their print distribution ............................ 6 Weakness 3 – Majority...
Words: 4344 - Pages: 18
...A newspaper (often just called a paper when the context is clear) is a periodical publication containing news, other informative articles (listed below), and usually advertising. A newspaper is usually printed on relatively inexpensive, low-grade paper such as newsprint. The news organizations that publish newspapers are themselves often metonymically called newspapers. Most newspapers now publish online as well as in print. The online versions are called online newspapers or news sites. Newspapers are typically published daily or weekly. News magazines are also weekly, but they have a magazine format. General-interest newspapers typically publish news articles and feature articles on national and international news as well as local news. The news includes political events and personalities, business and finance, crime, severe weather, and natural disasters; health and medicine, science, and technology; sports; and entertainment, society, food and cooking, clothing and home fashion, and the arts. Typically the paper is divided into sections for each of those major groupings (labeled A, B, C, and so on, with pagination prefixes yielding page numbers A1-A20, B1-B20, C1-C20, and so on). Most traditional papers also feature an editorial page containing editorials written by an editor, op-eds written by guest writers, and columns that express the personal opinions of columnists, usually offering analysis and synthesis that attempts to translate the raw data of the news into information...
Words: 1650 - Pages: 7
...Introduction………………………………………………………………………………………………………..3 2. State of the newspaper publishing industry today………………………………………………4 2.1 Data on declining circulation and revenue…………………………..………………………………6 2.1.1 Circulation in the last decade…………………………………………………………………………6 2.1.2 Top 20 Newspaper print circulation declining rate…………………………………………7 2.1.3 Advertising Revenue…………………………………………………..…………………………………8 2.1.4 Top 10 Newspaper print circulation…………………………….…………………………………9 3. Why newspapers are facing declining circulations and revenue? ………………………10 3.1 External Assessment………………………………………………………….………………………………10 3.1.1 Rise of the Web and Internet………………………………….……………………………………10 3.1.2 Economic downturn put company into the red……………………………………………11 4. Internal Assessment of The Chronicle Gazette…………………………..………………………12 4.1 Strengths……………………………………………………………………………………………………..……12 4.2 Weaknesses………………………………………………………………………………………………………12 5. How other publishers are reacting to the challenges? ………………………………………12 5.1 Differentiation…………………………………………………………………………………..………………12 5.2 New Product Development………………………………………….……………………………………13 5.3 Customer Insight………………………………………………………….……………………………………13 6. Action Steps for The Chronicle Gazette………………………………………..……………………14 6.1 Short-term Steps……………………………………………………………………………….………………14 6.2 Long-term Steps…………………………………………………………………………..……………………15 Strategic Planning at The Chronicle Gazette 1. Introduction The Chronicle Gazette, a leading newspaper in San Francisco with paid...
Words: 3701 - Pages: 15
...Sulzberger’s goal was to implement a quality audience strategy. He wanted to focus on their audience instead of its products. He pledged that the NYT would be the leader in the field of journalism, regardless of its distribution. The NYT’s journalists had earned more than double the number of Pulitzer prizes than any other newspaper company. New Yorkers wanted quality journalism and the Times knew they had to provide that to appeal to their audience. The quality of their work gave them a competitive advantage over competitors. Finally, the NYT realized early on that it needed to change in order to survive. The NYT was one of the first to recognize the earnings potential and threat of lost business with the internet. The company decided that the digital aspect would be a separate business unit within the NYT. They needed their employees to embrace a growing strategy rather than a century-old newspaper company. Even though the company grew online, advertisements continued to decline. The NYT decided to launch an online subscription since they were attracted to user charges. This subscription had an annual premium where an individual would have access to any...
Words: 1485 - Pages: 6
...................................................................... 10 Conclusion ............................................................................................................... 12 References ............................................................................................................... 13 1 Executive Summary The objective of this paper is to offer an in-depth analysis the economic situation of the newspaper publishing industry in Australia within the microeconomic scope. The paper analyses transformations of the industry brought by digitisation and the fast paced technology development. It discusses how digitisation and technology affects the demand and supply of printed newspapers. It also looks at the elasticity and efficiency and equity of newspaper in the current market. This paper is divided into four section. Following an introduction (Section 1.0), then Section 2 .0 introduces the economic concept which will be used through the paper. Section 3.0 analyses the economic state of the newspaper publishing industry using...
Words: 3149 - Pages: 13
...responsible for gathering and publishing news in the form of newspapers or magazines * Journalism, News media - newspapers and magazines collectively * Saizdat , Underground Press - a system of clandestine printing and distribution of dissident or banned literature Definition * The industry associated with the printing and distribution of news through newspapers and magazines. * Print media is one of the oldest and basic forms of mass communication. It includes newspapers, weeklies, magazines, monthlies and other forms of printed journals PRINT MEDIA IN INDIA * Printing technology came to India in 1556. By-Jesuit priests * The first newspaper in India was published in 1780 * The first book printed in India was in Portugese language in Old Goa. It was Doctrina Christa by St. Francis Xavier. * The variety ethnic in india is one of factors the increasing of mass media in a various language * The contribution of print media in providing information and transfer of knowledge is remarkable and has the advantage of making a longer impact on the minds of the reader, with more in-depth reporting and analysis. * The emergence of online media does not effect the requirement of print media, otherwise it generates the development of the country Current scenario in India * At present over 62,000 newspapers and periodicals are published in India, Daily circulation of newspapers are over 180 million. * PricewaterhouseCoopers in its “Indian...
Words: 1823 - Pages: 8
...Case 1 USA Today: Innovation in an Evolving Industry* Synopsis: As the entire newspaper industry sits on the brink of collapse, Gannett and USA Today work to avoid disaster and transform the nation’s most read newspaper into tomorrow’s best resource for news and information. This case reviews the history of USA Today, including its continued use of innovation to stay on top of the technological and sociocultural shifts that are rapidly changing the newspaper industry. In the face of continual competition across a variety of media sources, the future of USA Today depends on its ability to continually push the envelope of innovation and offer value-added, proprietary content to ensure continued differentiation and the future of the USA Today brand. Themes: Product strategy, innovation, target marketing, distribution strategy, changing technology, changing sociocultural patterns, customer relationships, competition, differentiation, strategic focus, SWOT analysis Case Summary USA Today is the most successful and highly visible newspaper that students have seen and read on a national basis. The case provides an overview of Gannett's strategic marketing approach to launching and growing this unique newspaper. When USA Today debuted in 1982, it achieved rapid success due to its innovative format. No other media source had considered a national newspaper written in shorter pieces than a traditional paper and sprinkled with eye-catching, colorful photos, graphs, and charts. Designed...
Words: 2820 - Pages: 12
...conducting research and analysis Gannett determined that there were two trends/opportunities that he could take advantage of; one was that an increasingly short attention span among a generation nurtured on television and the other was that there was a growing hunger for more information. With this information Gannet made the newspaper’s primary mission to provide more news in less time. Research suggested that this paper should target achievement-oriented men in professional and management positions who were heavy newspaper readers and frequent travelers. Unlike the other companies/competitors who targeted upper America, Gannett’s company would target middle America- young, well-educated Americans who were on the move and cared about the news and current events. Gannett listened to what the readers wanted and ensured that USA Today would market just that. With this information in hand, Gannett capitalized on it by putting together a team of news, advertising, and production personnel staff from his daily news who developed, edited, published and tested different prototypes. From those prototypes three 40-page versions were sent out to about 5,000 professional people along with a response card for feedback. Marketplace feedback showed that readers liked the prototypes so the Board of Directors voted unanimously to launch the paper starting in the Washington and Baltimore areas. In September 1982, 155,000 copies of USA Today’s first edition hit the newsstand. In the first...
Words: 1818 - Pages: 8
... new technology trends and strategic leaders play a crucial role in the development of the company. As a result, in September 2008 total company revenue declined by 8% and advertising revenues decreased 13 %. This case examined the current condition of the company and the challenges that it faces. Since its founding in 1851, The New York Times has been successful. When the Ochs-Sulzberger family bought it in 1896, it started to grow internationally. Until today, the family still maintains control of the company due to its dual stock structure. Nevertheless, investors are not satisfied with this situation because they are not able to use their full voting rights for some of the big decisions in the company. In addition, the company managed to put in place the right leadership, however, some leaders created certain difficulties. For example, when the company needed the most its Senior Vice President, Vivian Schiller, she announced that she was leaving her post for a better position in another firm. II. Situation Analysis A. General Environmental Analysis 1. The Economic Segment. The New York Times is the most valuable asset of the New York Times Company, which derives the majority of its revenue from advertising. When the economy is depressed, as it has been since 2008, the level of advertising declines, which decreases revenue and subsequently profit. Also, debt-to-equity ratio increased to 0.85, which means that The New York Times Company has been aggressive in...
Words: 869 - Pages: 4
...innovative in order to differentiate its product from competitors. USA Today showed consistency with this goal by showing innovation in the marketing program. USA Today’s marketing program includes online publications, on-demand news and information, and brand extensions and partnerships. These goals are also consistent with customer demand for digital options as technological advances and mobile access increase. Within the national newspaper industry, USA Today still has the largest print circulation and highest volume of newsstand sales in the industry even though the newspaper’s print circulation has declined. However, its digital subscriptions fall significantly behind its major competitors and USA Today is no longer the most widely read newspaper. In regards to printed newspaper circulation, the industry as a whole is experiencing a decline in performance. This is due to decreased revenues, decreased sales and increased costs. Advertising revenues have declined by 51 percent since 2005. Part of a cultural trend, sales of printed newspapers have also decreased as the customer obtains news from other free sources of media. Increased costs of promotion, newsprint expenses, and distribution also decrease profits. USA Today, like the industry, has experienced a decline in print media since 2006. The previously discussed industry causes are applicable to USA Today. Therefore, the declining Case Study USA Today performance can be due the “changes in the customer or...
Words: 3208 - Pages: 13