From Gutenburg to Binary Code. Do I even gotta…? 2 nd oldest form of mass media Exists in...

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From Gutenburg to Binary Code

Transcript of From Gutenburg to Binary Code. Do I even gotta…? 2 nd oldest form of mass media Exists in...

From Gutenburg to Binary Code

Do I even gotta…?

2nd oldest form of mass media Exists in marketplace for goods/services, but

also…? Ideas

Political, social, cultural information Role in commerce…

Links advertisers and consumers 50 million sold/day 117 million people read the paper

Major Playas?

Gannet Company, Inc. (7.4M) Tribune Company (3.4M)

private in 2008, $8.2B The McClatchy Co. (3.3M) #6 Dow Jones Co.

News Corp., $5B #7 New York Times Co. (2.2M) #9 Hearst Newspapers #10 Scripps Newspapers

McLean, Va $8B Publicly held Large midwest/central papers TV stations in similar markets USAToday.com

Gannet Company, Inc.

Chi-Town $5.7B Privately held Big Market Papers TV Stations Talk Radio

Competition

Compete for??? Audiences Adverts

Compete against??? Internet

Web versions Online only Blogs?

Television Radio?

Market Oligopoly? Monopoly? National/Metros?

“Competitive”??? Dailies

AM/PM, Sunday Weeklies Online Small papers fairing well

Competitive??? Monopoly???

Market Cont’d

Same product to consumers/adverts? 2008, circulation -10.6% (-7.5% for Sunday) 2008, ad revenues -16.6%

$387.5 billion in print $3 billion online

Crap economy!!! Real estate Classifieds

2008, publicly owned earnings -10% Collectively stocks -42%, last 3yrs

Where We Get Our News?

35% from paper (55% in 2001) 70% from TV 40%...

Da Internet!

Major Newspapers Are…?

Vertically integrated? Horizontally integrated? Diversified? Use synergy(ies) to promote/sell its

commodities?

Digits

Immediacy Hypermediacy NYT ends $50 fee Online ads?

20% growth 30% yearly

Digital Woes Brick and mortar costs going down

Printing production delivery

Major cost-cutting Layoffs, concentration How come we don’t hear about the business issues??

Outsourcing? Payroll circulation service complaints ad production

The Future…?

Books

What do books do? Have Done? $35.6B globally, $16.6B in U.S. $42B expected by 2011 3.1 billion books sold in 2009

# of books published in U.S. has doubled in last decade 172K titles (U.S.), 203K (UK) Oman (7), Niger (5)

Revenues? Transformative use/derivatives Sets

Publishers

Controls Advertising/marketing

Subcontracts to freelancers Editing Proofreading Layout design

Publishers do not own printing presses Separate distributors

Random House, $2.3B Penguin Group HarperCollins, $1.34B Simon & Schuster Time Warner Book Group Parent/Imprints

Industry

Genre Market Share

Religious books, 5.6% Adult trade, 3.9% Professional, 3.2% College, 3.1%

Comic Books Market Share

MARVEL COMICS 40.25%DC COMICS 31.92%DARK HORSE COMICS 5.61%IMAGE COMICS 3.82%IDW PUBLISHING 2.08%VIZ MEDIA 1.84%TOKYOPOP 1.76%DYNAMIC FORCES 1.56%WIZARD ENTERTAINMENT 1.27%

Retail

Chain stores, 34%

• Online, 30% Indie Stores, 9% Buy Direct from Publisher, 3%

Synergy?

Alternatives?

Self published books Vanity, Subsidy, POD– Author Originated

Used Stores Digital or analog

Kindle Audio Book Project Gutenberg Independents Free publications Online Only

Internet?

MAGS

17,000+ published in U.S. printing on demand, digital devices, and mobile

applications Reader demographics

$75K, college degree, own a crib Revenue

Ads, 56% ($16-18B) Circulation, 44% 2/3 by subscription, 1/3 single copy

Playas!!!

130 publications 26 publications, $1.6B

TV stations Radio Books websites