I've always loved reading the newspaper as a way to start my day. Having been raised near Chicago, I grew up reading the Chicago Tribune. We've moved around a lot due to my career, and I've brought my daily newspaper habit with me. I've been a daily newspaper reader in all my "homes", from Chicago to Appleton, then to Boston, Lexington, San Jose and finally Indianapolis. So the newspaper is really part of my daily life.
As a marketing consultant, my clients sometimes want to run ads in the newspaper to generate business. That's become harder and harder to justify in my mind, and my "gut" tells me they're not going to get the exposure they expect. Yesterday I had a moment which helped explain my "gut feelings" about newspaper advertising.
I am an adjunct professor at a local college and I teach a marketing
class to 28 college students. In class yesterday, we were discussing marketing communications and how to get your sales messages out to people. We talked about online (of course), TV, Radio, and newspapers.
When I asked "does anyone in the class read the paper?" guess how many hands shot up? Of my 28 students, only 2 (!) read the newspaper at all. When asked, they told me they get all their news for free online, using places like Yahoo. That surprised me, but it shouldn't have. I've been a daily newspaper reader for longer than many of my students have even been alive, but that doesn't mean the "Gen Y" aged students pay any attention to print. The generation gap between middle-aged folks like me, and 20 year olds like my students, is really evident in our media consumption.
The news paper industry is becoming a news site industry. Here's a few developments:
Personally, I still like to scan the actual printed pages of the paper while I have my morning coffee. I like to pick and choose what I read as I spread the paper out on the dinner table. It looks like I'll not be able to count on that for much longer. It seems printed newspapers are going the way of the 8 track cassette tape.
What will happen to the newspapers in the next couple of years? Will they find new business models to reinvent themselves? Will they go completely online? Moreover, how will that impact local advertising as a business tool?