Mather Report with David Clinch

Mather Report with David Clinch

Lots of?#MediaRevenue?new this week, including some interesting updates on how TV News organizations are thinking about their revenue strategy for streaming news. Google News has a fresh new look and more emphasis on local news sources.

Our?Mather Strategies?consultancy?team is now working on some very interesting projects in both the newspaper and magazine industries so let me know if you would like to hear more about those.

Always?let me know on Twitter?if you spot any?#MediaRevenue?stories I may have missed. If you have any questions or comments about these updates,?please get in touch.?

Here is this week's curated selection of?#MediaRevenue?news:

The Biggest Change in Media Since Cable Is Happening Right Now

"The question is not whether to invest in streaming but how to make it pay. TV has two basic business models: charge viewers directly, as Fox Nation and Netflix do, or charge viewers nothing but sell their attention...to advertisers."

U.S. digital newspaper ad revenue expected to surpass print by 2026

"The U.S. is expected to make history in 2026 when it becomes the first major media market in the world to see digital newspaper ad revenue eclipse print newspaper ad revenue, according to a new report from PwC."

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Semafor Readies Entry Into Tricky Digital News Market

"They plan to eventually charge for subscriptions. They hired Rachel Oppenheim, an advertising executive at The Times, to be the company’s chief revenue officer."

Have media companies finally streamlined themselves and diversified away from advertising revenue?

"There are mixed feelings among industry participants about how big of a pullback media companies may see in advertising revenue." "Semafor, which will launch this fall, will start as a free, ad-supported service and will stay that way for “six, 12, maybe 18 months,” before installing a paywall."

The Washington Post wants to give you a good deal on a digital subscription — from now until 2072

"$50/year...for the NEXT 50 YEARS??!? That's a *great* deal — and one that shows how far news sites will go to reduce subscription churn."

NBCUniversal, Google Compete to Help Netflix Develop Ad-Backed Tier

"Netflix, which is hoping to boost revenue by selling ads around its programming, is still in the early stages of developing the strategy and has explored a range of tie-ups in recent weeks."

Ad-Supported Streaming Outpaces Subscription Services as Streaming Becomes the Norm

"Advertising-supported video-on-demand (AVOD) services are gaining popularity across the United States much more quickly than their subscription VOD (SVOD) counterparts,?according to a study by industry trends analyst firm Comscore Inc.?During their “State of Streaming” webinar."

1.2m subscribers propel The Economist to record revenue

"The Economist's revenue grew 12% YoY in FY 2022 to £346.3M, with operating profit up 11% to £46.4M, its best since 2016, and it had 1,185,000 subscribers."

The New European raises £510,000 in two days by inviting readers to invest

""I’m hoping that people see it more as a long-term investment and they see the potential of The New European, as indeed The New Statesman or The Spectator or The Atlantic.”"

Local magazine company N2 rebrands to Stroll as revenue tops $131M

"The company distributes free, local magazines to readers by mail for free each month. The magazines are operated and managed by local constituents, who can leverage Stroll's national printing, copy editing and operational resources."

Hearst Connecticut Media is on track to hit 100k paid subscribers

"CTInsider.com began a major expansion for HCMG to become a statewide news powerhouse. Today it seems that they are well on their way to achieving their goal of having 100,000+ paid print and digital subscribers across their entire network."

Annual audience of 39m reaps £7m revenue for 72 independent news publishers in UK

"The Public Interest News Foundation (PINF), which carried out the survey, extrapolated the revenue earned by this group to estimate the total earnings of the UK’s independent news publishers to be between £20m and £40m in total."

Who What Wear deal takes Future to sixth place in US media market

“Who What Wear” deal takes Future PLC to sixth place in US media market."

Google Pledges to Negotiate Fair Licenses With French News Publishers

"Google made binding commitments to negotiate license deals fairly with a broader array of French news publishers, part of a changing approach from the search company in a global debate over how tech companies should pay for news content."

A new look for Google News

""Our vision for Google News is focused on strengthening access to local news, providing access to a diverse range of sources, and addressing misinformation while protecting the open web.""

Why the Los Angeles Times is investing in a social media content creation team

"The Los Angeles Times has formed a six-person team to create content on Instagram and TikTok for young, diverse consumers who may not already be part of the news publisher’s audience."

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