Home About Archives RSS Feed

NY Times No More?

Allen Jezouit, @BerkshireCountyBusiness
After my recent rant about newspapers, the topic was fresh in my mind and I coincidentally  stumbled across this article:
 
"At a conference in London, Arthur Sulzberger Jr conceded that someday the New York Times Company will be forced to stop publishing a printed paper." (Sulzberger Concedes: "We Will Stop Printing The New York Times Sometime In The Future", www.businessinsder.com, Henry Blodget, 9/8/2010)
 
WOW!
 
The Old Gray Lady is in big trouble. Declining readership has lead to declining print ad revenues. Online revenues are strong but not nearly enough to support a newsroom whose annual cost is estimated at $200 million!

As the owner of a marketing agency (Berkshire Direct in Williamstown), I am constantly looking out for trends in advertising. The decline of newspapers has been underway for years. What's next?

Well, let's be honest. If the true impact of the remote control and the DVR were ever measured and publicly shared, I believe TV ad revenue would be devastated. Who watches commercials any more when you can either flip to another of the 500+ channels available at the push of a button OR simply fast-forward through the recorded show you are watching? How many people listen to their iPods or CD's in their cars instead of radio? What is that ultimately going to mean to radio ad dollars?

The bottom line is this: if you are an advertiser, you need to be measuring the results of your ad campaigns every day. You should not spend a penny on a campaign whose results you can't measure. Add ad-specific extensions to phone numbers so you know which ad people are calling about. Use URL's in ads that are just for that specific ad, so you can tell that the ad generated the website visit and not something else.

Finally, start investing in advertising on sites like iBerkshires. Their page views and visits are skyrocketing each month. When the newspapers are gone, these local micro news organizations might be the only thing left that people depend on daily for their local news. If you are a local business who depends upon traffic from local consumers, it may be your best bet. Plus, clickthroughs from ads on iBerkshires are totally measurable.

Tags: new york times, measure, advertising      
News Headlines
Substance Abuse Prevention Part 2: The Efforts
Adams Takes Action Against Duke's Sand and Gravel
Williamstown ZBA Continues Hearing on Lehovec Property Hotel
Scholz Running Again Cheshire Select Board
Pittsfield Council To Hold Hearing On Capital Improvement Plan
Substance Abuse Prevention Part 1: The Data
St. John To Make Run For Cheshire Select Board
New Gallery Drawn by North Adams' Air of Contemporary Art
MCLA Makes It Official With Inauguration of President Birge
Lanesborough to Walmart: Come Build Here


Categories:
Economy (11)
Finance (4)
Marketing (17)
Sales (4)
Archives:
Tags:
Advertising Search Engine Optimization Deficit Economy Nobel Prize Chamber Of Commerce Security Books Public Safety Small Business Marketing Measure Bigcommerce Social Media Custom Business Solutions Budget Seminar Sales Cnbc Seo Berkshire Direct Election Financials Marketing Cash Flow Analysis Civil Liberties Education Williamstown Survey Unemployment Web Security Entrepreneur Berkshire County Facebook Massachusetts Ecommerce
Popular Entries:
JC Penney and "black hat" SEO
Easier and easier
Chamber Seminar: Email Marketing
Holy cow!
Why does "Tea Party" have to equal "Right Wing" or "extremist"?
What will the Berkshires look like in 20 or 25 years?
Nobel Prize in Economics Awarded for Theory on Why Unemployment Remains So High
Is anyone else feeling this way?
Leadership
Invade my privacy all you want
Recent Entries:
Chamber Seminar: Email Marketing
That didn't take long
Holy cow!
JC Penney and "black hat" SEO
Easier and easier
Chamber Seminar on eCommerce
Gotta love 2011 so far!
Mass., NY could lose more seats in Congress
The 12 Days of Holiday Revenue Maximization for Your Online Store
5 New Online Services Perfect for Small Businesses