Okay, let's trash a few newspapers for their refusal to enter the 21st century.
As you may have heard,
a few newspapers decided not to publish on Monday September 2 (Labour Day holiday) since they
couldn't sell enough advertising.
It's too late to change this year but what a huge wasted opportunity! Why does a lack of resources mean a lack of resourcefulness?
What does it cost to publish one edition? Presumably, even though no print product is published, most staff still work or at least there's a holiday sked of staff. Every newspaper knew
well in advance that this holiday edition would be a slow ad sale. There's no excuse.
If I were in charge, I would have:
1) Offered two-for-one "partner" ads. For example, if a company buys a full-page ad, then their favourite charity would get a free full-page ad. If a company buys a quarter-page ad, their charity gets a quarter page. Who benefits? Readers, charities, advertisers, the newspaper.
2) It's Labour Day so celebrate that. Offer ~free ads to companies looking to hire employees. Nothing but job ads. Who benefits? Readers, people looking for jobs, employers, the newspaper.
3) It's Labour Day so celebrate that. Offer ~free ads to small businesses which otherwise would never advertise in a big daily. Will they become paying advertisers in the future? Probably not. But that's not the point. Who benefits? Readers, small business, the newspaper.
4) Don't have a fourth idea at the moment but it's not difficult to figure this out.
The point is not to chicken out and run away when times get a wee bit tough. The point is to think of your customers. By doing nothing, by not publishing, how exactly does that benefit your customers and your reputation? The point is that profit and progress are not the same thing. Sometimes the latter can be more "profitable" in the long run than the former. Or to rephrase it: a company can profit without earning a cent.
Most successful businesses (i.e. 21st century businesses) have learned that it's not about them or their shareholders. It's about the customers because they hold the power. For example, Facebook, Twitter, Apple, Google, Yahoo, Ben & Jerry's, Tim Hortons and McDonalds all know the value of being talked about by their customers. They understand the importance of ... (I hate this word but) ...
connecting with the public.
Newspapers (i.e. 21st century newspapers) are in the marketing business. The sooner newspapers understand this, the sooner they might return to being relevant to the public. Marketing is not about selling advertising. Marketing is talking to the customer, in the language of the customer, about what's important to the customer.
Sure the news is available online. But again, that's not the point. It's not the medium, it's the message that's important (with apologies to Marshall McLuhan). And the message that newspapers are sending is that only advertisers matter.
Learn to say: It's not business, it's just personal.