Con una estrategia basada en las necesidades del lector Schibsted trabaja hacia la sustentación digital
Scandinavian media group Schibsted has made no secret of its goal to generate close to €100 million in digital reader revenue at some point next year. Here’s how its quality daily newspaper Svenska Dagbladet in Sweden is doing its part.
“We have an important vision and mission, but we do need to be digitally sustainable and profitable,” said Anna Careborg, the paper’s CEO and editor-in-chief, during last week’s Claves 2020 conference in Madrid.
As part of this journey, quality morning paper Svenska Dagbladet (SvD), which has a hybrid paywall model and launched digital subscription in 2013, has been moving towards a more reader-focused and data-informed strategy.
Based on interviews with more than 1,300 digital news readers who are willing to pay or already pay for news, SvD created 10 principles that will guide the brand moving forward:
- Our readers are our focus
- We are always relevant
- We add something unique
- We respect our readers ability to think for themselves
- We provide multiple perspectives
- We care about our readers' time
- We care about quality
- We are transparent
- We collaborate
- We dare to try new things
SvD is putting particular emphasis on three areas, she said: producing journalism focused on readers’ needs, improving collaboration between departments, and investing in innovation.
In line with its reader-focused approach, SvD created a four-field editorial model.
“Our readers want to understand what’s happening in the news, they want to be able to make smart decisions in their daily life, they want to know the bigger picture, where we are heading, and they also want content that relates to their interests and identities,” Careborg said.
In a bid to make the newsroom more data-informed, the editorial, data analysis, and sales departments are working together more closely, and newsroom staff have been given access to a tool named “Oracle”, which helps determine when an article should go behind the paywall.
“We also have to innovate,” Careborg said. “Going forward we have to have the advertisers with us to find different kinds of revenue streams.”
Experimentation can be done in small steps, she pointed out, sharing a recent example that quickly fo
und success among subscribers. Based on the theory of Spotify playlists that assume listeners’ needs (i.e. you want to listen to a different playlist when you’re going for a run as opposed to when you’re studying), SvD launched a “morning report” newsletter, giving an overview of the most important news stories distributed at 6.30 AM.
“We now have more than 40 000 subscribers reading that report every morning,” Careborg said. “This is an example of how we can build relationships in different ways.”
During the Claves 2020 conference, WAN-IFRA caught up with Anna Careborg to learn more about SvD’s strategy.
The interview has been edited for length and clarity.
WAN-IFRA: Over the past years, most brands across Schibsted have focused on reader revenue strategies and continuing transformation. How has SvD benefited from that?
Anna Careborg: Our goal is to be sustainable digitally and all the brands are aiming for that within a couple of years, but where you are on this train varies. As Svenska Dagbladet, we have a print legacy, so it’s very important for us to put even more effort into that journey. We've seen that people are willing to pay for news, for what we do, so now we have to convince them that it’s worth it, and make sure that we keep them and create habits.
There is a lot of knowledge-sharing, and I think that is crucial. It’s very important that we can share best practices among our brands going forward. It’s an advantage for us. Also, we have to look at these synergistic effects of working together. In consumer business, the staff work closely with the newsroom at Svenska Dagbladet but report to Tor Jacobsen, who is SVP Consumer marketing and Revenue at Schibsted Media. We have this matrix function, so they are working both for Schibsted and for Svenska Dagbladet.
How is your editorial strategy evolving?
I think it's so interesting to look at needs instead of topics. If you look at how people are consuming us digitally, it’s mainly on mobile and it’s a limited space, so you have to be relevant for them. We are now in the process of reinventing our home page. Now, we organise towards working more with that four-field model because when we asked readers, they said they want a complete experience, they want those different types of content. They don't want only news.
I think now that we understand more about relevance, we don’t really have the time to put out ‘not-so-good’ stories. When you look at print products, the readers buy the package, and you don’t know how many of them are actually reading every story. Now we can see how people consume our news when we analyse the data.
I have three ‘banned’ content types in the newsroom: One is stories that look too much like a Wikipedia entry. If we do that today, no one will read it. We have to do real journalism. The other ones are ‘anniversary stories’, something that took place 15 years ago or 20 years ago. They are fictive angles, nothing new has happened. Journalism needs to be about the future, not about the past. The third one, which is the most difficult one to ban in the newsroom, are the ‘why not’ stories. That is a combination of time-pressed editors and reporters that have an idea that is not bad but not great either. When we produce these ‘why not’ stories, we are occupied with this, and don’t have the resources to produce the must-tell stories. And we must start with those.
How does this affect the newsroom’s organisation?
If you start with the must-tell stories, it can differ from one day to another what people really care about, what is relevant, and then we have to organise in a different way in the newsroom.
Now, we are creating a hub with five editors from Svenska Dagbladet from culture, business, news, who are working together to find the best stories to tell, not the best stories from their respective silos, but starting with what readers want to know and care about. Working this way might reduce the volume of content, but I think we have to do that. The volume of content was created because newspapers needed to be filled. But if you start with the readers, and the must-tell stories, you can skip others. If we can provide the perfect mix of those four fields, we create a greater product that engages the audience.
One challenge is that we have to keep up the print product, and if we fill it with too much news agency content, the audience reacts... so it’s a balance. But we have started to de-prioritise content that isn’t being read or is relevant.
How has your algorithmically-driven homepage evolved over the past years?
We went very much into that algorithm, and it has served us very well. We’ve worked with it for four years, so we’ve learned much more about it. Now, we can put in editors’ choices where we think it will be good for us, and still work with algorithms.
We also created newsletters without the human touch, and they perform well. But the morning report [an overview of the most important news stories opened and read by more than 40 000 subscribers] is created by a reporter, you can see his or her name, and it’s a lot more personal. I believe in both those, and not having the algorithm go at it all alone. I believe strongly in the combination of data and craftsmanship – not editors just following their own gut feeling, but being data-informed in their decisions.
Cambio de estrategia y de modelo de negocio en BuzzFeed
Los próximos años, BuzzFeed (BF) espera depender cada vez menos de la publicidad digital y más del branded content y del ecommerce. Su CEO, Jonah Peretti, comparte los 5 pilares de transformación de la empresa:
1) Media Network: Principal UdN de BF, dedicada a la producción de contenido monetizado con venta publicitaria. El objetivo será analizar la productividad e impacto económico de cada sección del sitio con el objetivo de profundizarlo o desecharlo;
2) Culture & Commerce: Es una declaratoria de guerra a intermediarios como Google. Peretti pretende que al creador de contenido se le dé el mérito que corresponde citando casos como el acuerdo que realizaron con WalMart, donde el usuario puede adquirir productos de dicho establecimiento directamente en BF (Tasty);
3) The Future of TV: Alianza estratégica con Eko Interactive (plataforma especializada en generación de videos interactivos) con el objetivo de aprovechar su big data y capacidades de storytelling y realizar producciones originales en las grandes plataformas de video;
4) Community & Memberships: Formación de comunidades y organización de eventos en vivo (festivales de música y comunidades especializadas como yoga, fitness y ciclismo) con monetización directa de consumidores; 5) Original Documents & Receipts: debido a la desconfianza de los usuarios hacia los medios de comunicación, la idea es publicar documentos que no dejen lugar a dudas, que sean oficiales o que contengan tal investigación que no exista un debate posible respecto a la veracidad o no de lo expuesto.
Los editores digitales están empezando a ser rentables
Back In The Black
Group Nine Media will turn a profit in 2020, CEO Ben Lerer shared Wednesday morning at a press breakfast. The crop of disciplined, profit-focused executives that came along with GroupNine Media’s acquisition of PopSugar at the end of last year – including its founders, CRO, COO and CFO – is helping move the rest of Group Nine Media into the black. In addition to gaining scale through multiple horizontal brands, Group Nine Media is focused on revenue diversification. PopSugar led in DTC offerings, such as a subscription box and paid online fitness classes, and now other GroupNine brands will follow in its footsteps. On top of that, Group Nine Media’s fleet of brands will produce 70 shows this year for Netflix, Quibi and other distribution platforms. And here’s another sweet treat: The digital advertising market is focusing more on locking up digital inventory, Lerer said. “More and more advertisers are starting to do upfront commitments to digital players. That’s a big difference we’re seeing.”
Prophets And Profits
Group Nine isn’t the only digital media company touting its profitability. Business Insider, Vox Media, The Information and Politico all turned a profit in 2019, Axios reports. (Oh, and so did Axios.) Meanwhile, digital news bellwethers BuzzFeed and Vice both expect to become profitable this year. Finally, a few tailwinds for news companies, despite general pessimism around the category. Major platforms, including Google and Facebook, are being forced to pay for content creators under new EU copyright laws, even if just to display snippets of a story when users search for news. At the same time, Google, Facebook and other big tech players, such as Apple or Netflix, are starting to shell out for access to stories and episodic content. More.
Proof Is In The Pudding
CPG giants are easing their ad budgets away from linear television and toward OTT and data-driven options, and it’s a sloooow process. But there’s nothing wrong with a measured transition when we’re talking about big budgets. If anything, this should be a more deliberative process than it is, says Russell Ball, global media operations manager for CPG holding company Reckitt Benckiser. “There’s a race to scale and ramp up without sufficient testing and analysis,” Ball tells Video Ad News. Programmatic has broken down barriers to testing, and so there’s no reason managers shouldn’t do way more of it before going all-in on a new channel that could be vulnerable to fraud or mismanaged campaigns, Ball said. This is especially true when it comes to OTT, where brands can use data to prove specific use cases that drive results but have trouble generating broad awareness. “People talk about OTT providing incremental reach, but I think it’s more about incremental impact,” he said.
Periódico de Portland suspendió su edición impresa y se convierte solo en digital
The Skanner, a Portland-based newspaper serving the African American community, announced Thursday that it would be retiring its print edition and shifting to online-only coverage.
The paper was first published in Portland in 1975. Its offshoot, The Seattle Skanner, began publishing in 1981.
“Newspapers have lost billions in advertising revenue to the new media giants, Google and Facebook. Thousands of journalists have been laid off and hundreds of papers have closed,” explained a post on The Skanner’s website. “The Skanner will not close, but we will adapt.”
The paper will continue to print some special editions.
The Skanner organizes an annual celebration on Martin Luther King Jr., Day, the Skanner Foundation Scholarships Breakfast, that has given more than $450,000 in scholarships to 350 students since 1996 with the help of corporate and community partners, according to the paper.
The Skanner has also sponsored nonprofits such as The African American Alliance for Homeownership, an organization focused on increasing “homeownership and economic stability for African Americans and other underserved people.”
The paper said its founders, Bernie and Bobbie Foster, do not plan on retiring, and that its foundation and scholarship breakfast will also continue.