Is All Print Media Moving Online?

Two months ago I published a post about the switch PC Magazine made from print to fully digital. Two months later, I get an interesting email on LinkedIn from a friend who works for Business Review, a local magazine. Business Review will go digital as well, along with another two magazines in of the same publishing group.

To make their transition smoother and get more visitors to their websites and of course subscribers to their digital issues, the three magazines have started a campaign on Twitter and LinkedIn Groups. Seems like a good idea, but I have to wonder, wouldn’t it have been a lot more effective if they created the social media profiles before the switch, so that they’d have time to get more readers, followers and group members?

We can’t really tell, but at least having reporter profiles already online and their having quite a few connections did help. As for their shift from print to digital, it’s not really a surprise. Sales of copies and ads have decreased significantly everywhere. How many will follow this trend? I know for a fact Ziarul Financiar (daily business and financial newspaper) sells subscriptions that include both online and print editions. Will the rest of the Romanian papers follow? Will it be only those in Bucharest? What will happen to the local newspapers and magazines? Whatever the future holds, it’s an interesting field to watch!

Update

Apparently, they’re switching back to print starting March 1st…They thought about it, rendered some publishing costs more efficient, and are going back to print. Good news or bad, it tells a lot about what strategy means for Romanian print magazines of the BMG group! :)

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1 Other Comment

This post has 8 comments

  • Matt Keegan

    Switching back to print from online media is a rare occurrence!

    But, it should be something that causes media folks the world over to consider before moving online — will your readership follow?

    My thinking is that if you have a solid hard copy following, then keep it up. At the same time, reach out to people online and you’ll capture that audience as well.

    In the US, much of the print media is getting hit hard, however for people who commute to work by taking mass transit (bus, train or subway) you still see them reading copies of The Wall Street Journal or The New York Times.

    I like having both options available to me, personally.

  • Alina Popescu

    Hi Matt! It is a rare occurrence and only a month after switching to online in the first place sound a bit weird. I’d also prefer both options, but if i had to choose one, I think online is easier to access.

  • corina

    indeed, it would have been better to prepare the move to digital before it happened and use the social networks to promote it better. but, and we’re going back to strategy, this would have required a strategy :) and that people working there were informed on time on what was about to happen (both switch to digital and going back to print).

  • Alina Popescu

    Corina, you are right! I believe those actually doing the reporting would have been great at making the transition smoother and more profitable if they knew of it. Same goes for the second switch :)

  • Matt

    I own an online music magazine. The twenty writers and I have offered our content for free the last 8 years and built up quite a large following of trusted readers. Those guys work very hard on their reviews and I see value in that. Plus, I don’t know how much longer we can survive just living on sinking advertising revenue. We are going to be taking the plunge in the next month, moving TO an online subscription model – something very low like $1.50 per month. I’d be lying if I told you I wasn’t scared. Even though almost all of polled readers said they would support us and pay a subscription fee, I still wonder if this will be the beginning of the end.

  • Alina Popescu

    Matt, thanks for the comment and welcome to WoBM! The price you’ve mentioned is indeed quite low. And I believe that if you have dedicated and supporting readers, they’ll pay that small fee rather than loosing the magazine altogether. If ad revenue is down, you need to do something, to sustain your writers/domain name/hosting etc.

    A local and very loved financial paper has this online model where the article summaries or intro’s can be read by anyone, but you need to be a subscriber to read the entire piece.

    Good luck with the change, I’m sure you’ll do just great

  • ocezine

    Ezines are the new magazines, the soon the transition the better for the evironment and advertisers.

  • Brenda | Trade Marks

    I have to say that if publishers all decided to rather go on line I am going to be one sad person, yes its going to save the trees as less paper will be used, but so someone like me I love the feel of a book and flipping the pages, so for that to happen it really would not be great.

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