Good journalism has value. News consumers value valuable information. If news publishers want people to support their organizations and pay for news, they need to provide journalism that is worth paying for and has value.
That means providing quality, nonpartisan journalism. That means listening to the community and building community. That means stop renting audiences on third-party platforms (social media, search) and having a direct 1:1 connection with them (newsletters, IRL events, digital communities you manage and moderate like Discord channels, text messaging). A well-functioning society needs good journalism. Publishers need to show the value of good journalism. Publishers can do this by listening to the community and then giving the community the news and information the community needs.
https://lnkd.in/gKsV3izA
What are the community's pain points, challenges, and problems? Local news publishers can help solve those problems for the community through good journalism. Ask questions. Provide answers. This is the job of journalism.
✅ Identify the local issue
✅ Investigate
✅ Mobilize social capital
✅ Propose solutions
✅ Hold power accountable
✅ Create change
✅ Make money
✅ Invest in community
Newspapers and news publishers can either be part of the problem or the solutions. Solving problems is more profitable. People will pay for solutions. People will not pay opinions. Everyone has those. People will pay for facts and results. Not everyone has those. Whichever news organizations can build trust with their communities and help get positive results for their communities will win.
https://lnkd.in/g_F-wGWC
Sustainable business models for journalism and news publishers in the future will be based on quality journalism and community building. Quality journalism over quantity garbage. Quality wins.
This is pragmatism.
Great insights from Thomas Baekdal on why U.S. publishers are stuck in a scale model and why he remains optimistic about subscriptions.
"If we look at the past decade, subscriptions have been the single most important success factor for publishers. Not just in Europe, but also in the U.S. If we hadn't focused on subscriptions, the entire industry would be far worse off than it is today.
Focusing on subscriptions is the single most important thing we have done, and the overall trend remains strong. In fact, if we are to look 10 more years into the future, toward 2034, I'm much more worried about the future prospects of advertising than I am for subscriptions.
So, the very idea that publishers are giving up on subscriptions to go back to advertising is foolish at best. But more importantly, this is just another example of the 'scale' mentality in the U.S. They are so blinded by this way of thinking that they are undermining their own future."
#journalism #localnews #sustainability #profitable #businessmodels #community #communitybuilding
A messy week of journalism... In my latest newsletter, I talk about why publishers, and especially US publishers struggle so much. And why their focus is taking down the entire industry with them. https://lnkd.in/ddnwaUr5
A messy week of journalism...
baekdal.com
Assistant Press Secretary, U.S. Department of Homeland Security
3moYay Anna Yukhananov! Congrats!!