I don't know a whole lot about publishing but I have an Internet enthusiast's feel for some of what is going on. There is a tectonic shift underway.
"......so I'm interested in your thougts on the matter. I'm a magazine publisher, and we're transitioning from print into digital media...so I'm trying to figure it all out...like everybody else in print and TV....."That is such a huge topic. A paradigm shift is under way. And there will be winners and there will be losers. The winners will be those who choose to ride the wave. The losers will be those who stay stubborn and get washed away.
Murdoch said while buying the WSJ, people don't want to pay. As in, he was thinking of turning the WSJ into something entirely ad supported, give everything out for free. No subscription, nothing. Print will not go away completely, and subscriptions will not go away completely, but that top dog just might have a point.
(1) Focus like crazy on serving ads. Have a good ad team. Gawker Media asked for and got premium prices. They did not exactly do AdSense.
(2) Your site should be a multi media experience.
(3) There should be the latest web functionalities. Which these days seems to mean the web experience should feel social.
(4) Remember, you are serving content, but you are also building community. But never forget content, your number one offering.
(5) Keep an open mind. Change should be not a decision for today, it should be a lifestyle, or rather, workstyle.
"I felt like I was previewing the future of media." (on the CNN Facebook collaboration for January 20)Case in study. Plum. Comes out once a year. Has a niche market that I am going to call prime real estate, beachfront property. Some of what might apply to Plum would also apply to the New York Times. When the New York Times goes completely online, it gets read globally. Its readership expands like huge. But the revenue per reader is less than it was with print circulation. You lower the price and you make money on volume. Check out the 99 cent pizza place on 41st and Ninth.
There are pregnant women above 35 in America. Well, they also exist in Europe, and Japan, and India, and elsewhere. In going digital a media property like Plum could go global with no additional cost in terms of content creation. And if you manage to build community, many users create content for you for free.
You are looking at becoming a global brand name, and a media powerhouse. From coming out once a year, it becomes a web destination that people visit every day. It already has a great ad base, it looks like.
What makes Plum cutting edge is it has a very sharply defined niche, this collection of rich women, to put it mildly. So Plum is digital edge cutting edge. The new medium is all about niches. And the niche you find can be global. Plum got there in terms of concept before it got there in terms of technology.
http://upendra.shardanand.com My friend Upendra seems to be doing some cutting edge, insane quality work, right at the edge.
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Ethic of the link, revisited « The Future of Journalism
MediaTalk; A Journal for Women Pregnant Later in Life - New York Times
Plum, the first pregnancy magazine aimed at women over 35 .....
produced by Groundbreak Publishing, is described as a joint effort
with the American College of Obstetrics and Gynecologists. ........
Rebekah Meola, Groundbreak's principal ..... The 200-page glossy, to
appear annually ...... 400,000 readers who are typically well-educated
title's creative team. ..... Plum magazine, the award-winning
publication for pregnant women 35 and older .... world-renowned
publication designers ...... "We immediately recognized in Plum the
spirit of a great magazine," says Milton Glaser. ...... Plum's
commitment to continued excellence in both editorial and design. In
just its second year, the magazine is building on the successes of its
landmark debut by aligning itself not only with the leading
practitioners in the fields of obstetrics and gynecology, but with the
best the design industry has to offer. ....... wide range of
editorial subjects, including health, fashion, child care, personal
memoir, celebrity and personality profiles ......... text,
photography, illustration, and exclusive graphic elements .......
educated, sophisticated, established women facing motherhood at a
critical phase of their lives. .........
articles/25364.phpNew York-based publisher
Rebekah Meola ...... scheduled to be published only once per year and
distributed exclusively through doctors' offices, is "a cross between
a woman's beauty and lifestyle magazine and a health/pregnancy manual
...... "one of the country's fastest growing demographics" -- older
pregnant women. ....... between 1990 and 2002, the birth rate among
women ages 35 to 39 increased 30%, while the birth rate among women
ages 40 to 44 increased 51%
1040905/asp/look/story_women who 3715336.asp
do not know what to expect while expecting .... Plum, the first
pregnancy magazine aimed at women over 35 ...... Rebekah Meola,
Groundbreak's principal, said older, expectant mothers shared many of
the same concerns as younger ones, but often had greater anxiety about
medical complications, infertility and return to work.
150312Many of these women put kids on
hold as they climbed career ladders. Translation: they're smart,
they've got money to spare and they want the absolute best for their
babies. As a result, advertiser interest in the magazine--which will
be distributed free to patients by the American College of
Obstetricians and Gynecologists--has been "exceptional," says Plum
publisher Rebekah Meola, with heavy hitters like Volvo,
Hewlett-Packard and Johnson & Johnson signed on.