Wednesday, 29 October 2008

CSMonitor shifts from print to Web-based strategy (CSM)

If you go to this link you can find a link to a video of CSM Monitor Editor John Yemma and Managing Publisher Jonathan Wells discussing the thinking behind the changes coming to the Monitor.

Monitor Editor John Yemma and Managing Publisher Jonathan Wells discuss the thinking behind the changes coming to the Monitor.

I've posted the article about all this below, but first the note to their subscribers from the managing publisher. He's asking subscribers not to cancel during the transition -which has to be a bit of an ask, but there you go.

Clearly the NYT won't go weekly anytime soon, but the IHT going to Saturday only is an option for the NYT, with perhaps a daily International New York Times. I say Saturday only, because Sunday newspapers, ex-many Anglophone markets, are weak to non-existent; plus there aren't good distribution options available on a Sunday in many IHT markets, so hold that thought.
However being the focus in a CSM type strategy doesn't look likely given current plans to roll it into as of March '09.
What I find interesting about all this re. NYT/IHT is the first major manifestation of three trends that I've blogged on before, all of which could be in someway relevant to the NYT:
b) accepting reduced revenues and profits

A note to our subscribers from the managing publisher
posted October 28, 2008 at 1:30 p.m. EDT
Dear Reader,
We recently announced, as covered in today’s paper, that in April 2009 the daily print edition of The Christian Science Monitor will shift to a 24/7 daily Web publication. This will be combined with the launch of an attractive new weekly print publication that looks behind the headlines and helps readers understand global issues. Also we will launch a new daily e-news edition, delivered by e-mail.
As a result of these changes, the Monitor’s online edition will be more robust, which means you will be able to get updates on the news in minutes, not days. The new weekly print edition will be delivered to your home for the weekend – when many of our readers have indicated they have more time to enjoy longer articles and in-depth reporting. The newly developed e-news edition will deliver selected Monitor news and perspective to your e-mail inbox every day. These changes will enable the Monitor to better fulfill its mission by increasing its reach and affect on humanity while also becoming financially sustainable.
Our readers are our partners
For news, the coming months will be event-filled, and the Monitor promises to continue to be there in print and online covering these events with objective, unbiased analysis. We also need you, as readers and as partners, to continue to support the Monitor by renewing your current subscription to the daily newspaper. This partnership is essential to the success of The Christian Science Monitor.
If you are a current print or Treeless subscriber, we ask you to stay with us through this transition. By doing so, you will be the first to learn about the exciting and important changes we have planned for later this year, as well as specifics about how your daily subscription will be transitioned to the weekly publication.
Thanks to all who love The Christian Science Monitor; we’re sure you’ll discover how, the new weekly print edition, and our daily e-news edition will continue to provide invaluable Monitor perspective to help you understand your world.
Jonathan Wells

Managing Publisher

Monitor shifts from print to Web-based strategy
In 2009, the Monitor will become the first nationally circulated newspaper to replace its daily print edition with its website; the 100 year-old news organization will also offer subscribers weekly print and daily e-mail editions.
David Cook Staff writer of The Christian Science Monitor
posted October 28, 2008 at 1:30 p.m. EDT
The Christian Science Monitor plans major changes in April 2009 that are expected to make it the first newspaper with a national audience to shift from a daily print format to an online publication that is updated continuously each day.
The changes at the Monitor will include enhancing the content on, starting weekly print and daily e-mail editions, and discontinuing the current daily print format.
This new, multiplatform strategy for the Monitor will "secure and enlarge the Monitor's role in its second century," said Mary Trammell, editor in chief of The Christian Science Publishing Society and a member of the Christian Science Board of Directors. Mrs. Trammell said that "journalism that seeks to bless humanity, not injure, and that shines light on the world's challenges in an effort to seek solutions, is at the center of Mary Baker Eddy's vision for the Monitor. The method of delivery and format are secondary" and need to be adjusted, given Mrs. Eddy's call to keep the Monitor "abreast of the times."
While the Monitor's print circulation, which is primarily delivered by US mail, has trended downward for nearly 40 years, "looking forward, the Monitor's Web readership clearly shows promise," said Judy Wolff, chairman of the Board of Trustees of The Christian Science Publishing Society. "We plan to take advantage of the Internet in order to deliver the Monitor's journalism more quickly, to improve the Monitor's timeliness and relevance, and to increase revenue and reduce costs. We can do this by changing the way the Monitor reaches its readers."
The coming changes, over two years in the planning stage, occur at a time of fundamental transition in news publishing and turn the page on a remarkable chapter in American journalism. The Monitor, which celebrates its 100th anniversary on Nov. 25, was launched at the direction of church founder Eddy, who had been the subject of a searing legal and journalistic attack by Joseph Pulitzer's New York World. Officials of her church had a professional news organization up and running in just over 100 days.
In the Monitor's first edition, Mrs. Eddy defined the scope and tone of the newspaper's journalistic mission, writing that it should "injure no man, but bless all mankind."
Since that time, generations of editorial and publishing workers have devoted themselves to the Monitor. While Mrs. Eddy's paper was initially greeted with skepticism, the Monitor won respect from its journalistic peers; it has been awarded seven Pulitzer Prizes and numerous other journalistic accolades. Three Monitor editors have been elected president of the American Society of Newspaper Editors.
Monitor editor John Yemma said that while the methods of publishing Monitor journalism have evolved over 100 years, the underlying motives and approach remain constant.
"In the Monitor's next century, as with its first century, it is committed to finding answers to the world's most important problems, asking the questions that matter and getting the story behind the news - all of which is staying true to Mrs. Eddy's unselfish, original vision," he said. "The Monitor's role is right there in its name. It's to monitor the world, to keep an eye on the world from a perspective of hope."
Mrs. Wolff cited three goals that drove what she called "our evolving strategy" for the Monitor:
• Producing a website that can be updated 24/7 and delivered instantaneously "better fulfills Mrs. Eddy's original vision" for the Monitor to be daily than does a five-day-a-week paper delivered by mail with frequent delays.
• Focusing resources on the fast-growing Web audience for news rather than on the economically troubled daily newspaper industry "increases the Monitor's reach and impact." The Monitor's website currently attracts about 1.5 million visitors a month.
• Eliminating the major production and distribution costs of a daily newspaper will allow the Monitor to "make progress toward achieving financial sustainability" while supporting its global news resources.
Attaining these goals over the next five years would provide stability and continuity for Monitor journalism over the long run, said Mr. Yemma, who took office as the Monitor's editor in July after holding a number of editorial positions at the Boston Globe. Throughout the news industry, he added, publications are struggling with the profound disruption brought on by the Internet and the rising costs of newsprint and transportation.
The Monitor has required a subsidy from the Christian Science church for most of its history. In the current budget year ending April 30, the Monitor in all forms is forecast to lose $18.9 million. The church will provide a subsidy of $12.1 million from its general fund, with earnings from the Monitor Endowment Fund and donor contributions to the Monitor's operating fund covering the balance. The changes in strategy are projected gradually to decrease the Monitor's net operating loss to $10.5 million in 2013, so the church general fund subsidy will be $3.7 million, said managing publisher Jonathan Wells.
"Changes in the industry - changes in the concept of news and the economics underlying the industry - hit the Monitor first," given its relatively small size and the complex logistics required for national distribution, Mr. Wells said. "We are sometimes forced to be an early change agent."
All three Monitor publications – website, weekly print edition, and daily e-mail edition – will be produced by the same editorial staff. The Monitor will continue to operate at its current level of international and domestic coverage, with bureaus throughout the globe, and a strong presence in Washington. Yemma and Wells said these bureaus represent a distinct competitive advantage for the Monitor at a time when other news organizations are cutting back on staff coverage from outside their circulation regions.
"A modest reduction" in the Monitor's 95-person editorial staff is likely, once the transition to the new product line-up is completed, Yemma said.
A new design for the Monitor's website is being phased in. It is the first step in what Yemma said would be "a much more robust Web presence." In addition to frequent updating with the latest news seven days a week, the plan is for the site to become a portal where editors will point visitors to other areas on the Web that are attempting journalism in the same spirit as the Monitor. Yemma said he wants to encourage much more two-way conversation between readers and Monitor staffers to "build a community of people who care about the values the Monitor stands for."
The Monitor's new weekly print edition will launch in April and be priced at $3.50 per copy or $89 for a year's subscription. A full-price subscription to the current daily print edition is $219. "We hope the people who subscribe to the daily will shift to the weekly and that many more who may not have had time to read the daily will find the weekly appeals to them," Yemma said.
Produced on high grade paper in a 10" by 12" size, the weekly will feature an in-depth cover story on a major global issue or trend; brief dispatches from Monitor correspondents around the globe; the best photographs of the week; special sections on innovation, the environment, and personal finance; as well as Home Forum essays and a single religious article, as has been the Monitor's practice since 1908.
Like the new print weekly, the new daily electronic edition will be offered by subscription. It will be a multipage PDF file sent by e-mail to subscribers Monday through Friday. The format makes it convenient for subscribers to print out the daily e-news edition at home. This publication will contain an original column by Monitor editors, the top Monitor stories of the day, links to other reports on the Monitor's website, and the daily religious article. Pricing has not been announced.
Reaching the improved financial targets in the Monitor's new business plan will depend on significant growth in Web traffic and on current subscribers to the daily paper transferring their subscriptions to the weekly edition and the daily e-mail edition, Wolff said. "If you are a current subscriber, we ask you to stay with us. If you do not subscribe, we hope you will subscribe to the Monitor now as it embarks on its second century."
This is a period of extreme financial difficulty for all news organizations. New York Times publisher Arthur Sulzberger Jr., for instance, was asked at a conference in California on Oct. 22 whether the Times would be a print product in 10 years. "The heart of the answer must be (that) we can't care," Sulzberger said. He added that he expects print to be around for a long time but "we must be where people want us for our information."
The cost, delay, and waste generated by daily print are huge hindrances, said Yemma. The Monitor can lead the way in providing news primarily online.
"The Christian Science Monitor finds itself uniquely positioned to take advantage of developing technologies, market conditions, and news consumption habits that can dramatically increase its relevance, reach, and utility; place it on a sound financial footing; and allow it to pursue its unique mission of providing global perspective and illuminating the human dimension behind international news," Yemma noted.


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1 comment:

Hypnosis said...

While I was not a reader of the CSM, I must admit that I read most newspapers online myself. Sign of the times… Yet, I find it sad that the glory days of the printed newspaper are clearly history - some of the biggest dailies are struggling seriously. Soon we will carry our ‘Kindle’ to the coffeehouse. Not quite the same…