Public Relations & Social Marketing Insight
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Public Relations & Social Marketing Insight
Social marketing, PR insight & thought leadership - from The PR Coach
Curated by Jeff Domansky
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The New York Times’ digital business more than doubled in the past six years

The New York Times’ digital business more than doubled in the past six years | Public Relations & Social Marketing Insight | Scoop.it

The New York Times can thank an uptick in subscribers — specifically digital subscribers — for its positive earnings report last week.


The Times’ digital subscription effort, at first controversial, is now its most important source of revenue growth and shows how it can become a digital-only publisher.


TSo how is its digital business doing overall? For the past six years, Times’ digital revenue (subscribers and ads) more than doubled to $442 million. Print-only revenue fell 18 percent to just over $1 billion in the same period. In 2015 Times’ leadership announced that they aimed to hit $800 million in overall digital revenue by 2020 — a goal that will be difficult at best.


RMost of the digital gains are coming from digital subscribers. From 2011 to 2016, money from people who only pay for its online version rose more than five times, or 418 percent, to $233 million....

Jeff Domansky's insight:

The digital divide is narrowing and digital revenue arrives just in time.

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Ad Spend Figures Don't Lie -- Print's Worst Days Are Yet To Come

Ad Spend Figures Don't Lie -- Print's Worst Days Are Yet To Come | Public Relations & Social Marketing Insight | Scoop.it

The figures from AA/Warc are in, and as expected, 2016 was a massive year for digital marketing -- particularly mobile marketing. It grew 45% last year, nearly four times the growth rate of Internet advertising. Although the growth of mobile will be steady, it is still forecast to shoot up 30% this year and 20% next. 


That's the headline, but lurking a little lower down we have the demise of print. It's at this point that I know someone will comment about print's many attributes, and as a journalist from way before computer screens brought us news, I couldn't agree more. The trouble is that the figures don't lie. I am not happy about it, and I don't welcome it, but print's demise will only continue, and will likely worsen. Here's why.

First the figures. National newspaper advertising was down 10% last year, and it will be down 7% this year and 7% again the year after, AA/Warc reveals. Regional newspaper advertising was down 13% last year. Yes, there were modest single-digit increases for digital advertising -- up 5% for nationals in 2016 -- but in no way do they plug the gap of larger declines in print. Put it this way -- a 10% drop in national print advertising is very roughly equivalent to a little over GBP100m. National newspaper digital revenues for 2016 were only GBP230m, so a 5% increase would have been very roughly a little over GBP10m. That means, as a very rough calculation, that national print's losses were ten times the size of any digital gain. 

Jeff Domansky's insight:

The report notes that regional print results are even worse.

rodrick rajive lal's curator insight, April 27, 2017 11:49 PM
Unfortunately, print media is dying away, and I am not using a euphemism to hide the fact that print is on its last legs. The article being scooped points out to facts and figures that show a decline in the number of advertisements appearing in print media, and yes, it is dropping at a steady rate. Those of us who have been around for quite some time will be sentimental about the disappearing newspapers and magazines that we were so fond of holding. The fights over who would get to read the newspaper first, or the long hours spent in the loo (because someone took the newspaper into the loo) will all be faded memories.