The newspaper industry's practice of permitting digital platforms such as Google, Facebook, Twitter and others to exploit content created by publishers without compulsory or use-based compensation must change, says John Chachas, managing partner of Methuselah Advisors, a merger advisory firm specializing in serving media, digital and other industrial clients.
In a hard-hitting presentation at next month's SNPA News Industry Summit. Chachas will talk about his firm's evaluation of the economic model of the publishing industry. "Absent a major re-definition of the relationship between publishers and digital companies, the survival of many daily papers will be at risk," he says. Publishers of all SNPA member newspapers need to hear this presentation.MORE
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Five years after its inception, Main Street Media of Tennessee is a fast-growing media company operating in the suburbs of Nashville. Publishers of eight weekly newspapers, magazines and websites, the company's focus on hyper-local news unique to each community has allowed it to grow ad revenue as well as circulation.
In three weeks, at the SNPA News Industry Summit, hear how a "print-first" operation has been able to buck the trends and set itself on a path for continued growth.
Dave Gould, president and CEO of Main Street Media, says: "The idea that people no longer want to read newspapers is, in my opinion, completely misguided. But as an industry, we have to be honest and ask ourselves if we are offering our communities a product that will attract and retain readers. If we do that, can we then build a business model that will support our efforts to provide readers with strong newspapers? I believe the answer is 'yes' and that has been the basis of our company's growth to this point."More