Post by Lark11 on Oct 28, 2008 14:43:07 GMT -5
www.nytimes.com/2008/10/29/business/media/29paper.html?_r=1&hp&oref=slogin
October 29, 2008
Christian Science Monitor Ends Daily Print Edition
By STEPHANIE CLIFFORD
After a century of continuous publication, The Christian Science Monitor will abandon its weekday print edition and appear online only, its publisher announced Tuesday. The cost-cutting measure makes The Monitor the first national newspaper to essentially give up on print.
The paper is currently published Monday through Friday, and will move to online only in April, although it will also introduce a Sunday magazine. John Yemma, The Monitor’s editor, said that moving to the Web only will mean it can keep its eight foreign bureaus open while still lowering costs.
“We have the luxury — the opportunity — of making a leap that most newspapers will have to make in the next five years,” Mr. Yemma said.
The Monitor is an anachronism in journalism, a nonprofit financed by a church and delivered through the mail. But with seven Pulitzer Prizes and a reputation for thoughtful writing and strong international coverage, it long maintained an outsize influence in the publishing world, which declined as its circulation has slipped to 52,000, from a high of more than 220,000 in 1970.
In an industry that has been conducting layoffs, closing bureaus and shrinking the size of the product, The Monitor’s experiment will be tracked very closely.
“Everybody’s talking about new models,” Mr. Yemma said. “This is a new model.”
Lou Ureneck, the chairman of the journalism department at Boston University, said that it was difficult to interpret what the move meant for other newspapers, because The Monitor was nonprofit, and most newspapers were not. But across the industry, news organizations “are going to simply have to be smaller organizations,” Mr. Ureneck said.
Before The Monitor, a handful of small papers had shifted away from print. Earlier this year, The Capital Times in Madison, Wis. went online only, and The Daily Telegram in Superior, Wis., announced it would publish online except for two days a week.
Dropping the print edition seems to tempt newspaper executives. At a recent conference hosted by the City University of New York’s journalism school, a group of publishing executives discussed what a cost-efficient newsroom should look like. They eventually settled on casting aside paper and starting fresh on the Web.
Still, said Ken Doctor, a newspaper analyst at Outsell Inc., most newspapers cannot give up their paper versions. Print editions still bring in 92 percent of the overall revenue, according to the Newspaper Association of America.
“If that much revenue is tied up in the print product, if tomorrow these companies dropped those editions, they would have 90 percent less revenue,” Mr. Doctor said. While getting rid of costs like printing plants and delivery trucks would help a little, he said, it would not make up for the lost revenue.
Mr. Yemma said that print did bring in money at The Monitor, but most of that was from subscriptions, not advertising. Subscriptions account for about $9 million of The Monitor’s revenue, while print advertising makes up less than $1 million. Web revenue is about $1.3 million, he said. He is projecting that circulation revenue will drop, but he expects the magazine format will appeal to print advertisers. He is planning cuts, too. Mr. Yemma said he was planning some layoffs on both the 100-person editorial side and the 30-person business side. “I’m not sure the same number of people will be needed,” he said, but “there’s certainly nothing like a draconian cut coming.”
Under the new system, reporters will be expected to file stories to the Web and update them a few times a day, along with writing longer pieces for the Sunday magazine.
Mr. Yemma said he hoped to establish CSMonitor.com as an essential place for international news. The site now gets about three million page views a month, according to comScore, and Mr. Yemma said he wanted to increase that to 20 million to 30 million a month in the next five years. Even if he can fill the site only with remnant, cheap ads, he said, if visits grow as he is projecting, “that’s a sustainable model.”
The Sunday magazine, which will have an international focus, is meant to satisfy readers who are attached to print, Mr. Yemma said, but he said he did not expect it to be hugely profitable.
“We certainly know newsmagazines are cratering,” Mr. Yemma said. “We’re under no illusions about it being a growth vehicle.”
The Monitor, which was conceived as an alternative to the yellow journalism of the early 20th century, is financed by the First Church of Christ, Scientist, in Boston through contributions and an endowment. The church wanted its publishing division to contribute to the church rather than vice versa, and plans to reduce its subsidy to about $4 million, from about $12 million, within five years. Mr. Yemma said he was worried about how subscribers would react.
Longtime readers “love coffee and a newspaper. So do I,” Mr. Yemma said. “There’s nothing like it. But everyone, sooner or later, is going to have to make the transition, and that’s recognized.”
October 29, 2008
Christian Science Monitor Ends Daily Print Edition
By STEPHANIE CLIFFORD
After a century of continuous publication, The Christian Science Monitor will abandon its weekday print edition and appear online only, its publisher announced Tuesday. The cost-cutting measure makes The Monitor the first national newspaper to essentially give up on print.
The paper is currently published Monday through Friday, and will move to online only in April, although it will also introduce a Sunday magazine. John Yemma, The Monitor’s editor, said that moving to the Web only will mean it can keep its eight foreign bureaus open while still lowering costs.
“We have the luxury — the opportunity — of making a leap that most newspapers will have to make in the next five years,” Mr. Yemma said.
The Monitor is an anachronism in journalism, a nonprofit financed by a church and delivered through the mail. But with seven Pulitzer Prizes and a reputation for thoughtful writing and strong international coverage, it long maintained an outsize influence in the publishing world, which declined as its circulation has slipped to 52,000, from a high of more than 220,000 in 1970.
In an industry that has been conducting layoffs, closing bureaus and shrinking the size of the product, The Monitor’s experiment will be tracked very closely.
“Everybody’s talking about new models,” Mr. Yemma said. “This is a new model.”
Lou Ureneck, the chairman of the journalism department at Boston University, said that it was difficult to interpret what the move meant for other newspapers, because The Monitor was nonprofit, and most newspapers were not. But across the industry, news organizations “are going to simply have to be smaller organizations,” Mr. Ureneck said.
Before The Monitor, a handful of small papers had shifted away from print. Earlier this year, The Capital Times in Madison, Wis. went online only, and The Daily Telegram in Superior, Wis., announced it would publish online except for two days a week.
Dropping the print edition seems to tempt newspaper executives. At a recent conference hosted by the City University of New York’s journalism school, a group of publishing executives discussed what a cost-efficient newsroom should look like. They eventually settled on casting aside paper and starting fresh on the Web.
Still, said Ken Doctor, a newspaper analyst at Outsell Inc., most newspapers cannot give up their paper versions. Print editions still bring in 92 percent of the overall revenue, according to the Newspaper Association of America.
“If that much revenue is tied up in the print product, if tomorrow these companies dropped those editions, they would have 90 percent less revenue,” Mr. Doctor said. While getting rid of costs like printing plants and delivery trucks would help a little, he said, it would not make up for the lost revenue.
Mr. Yemma said that print did bring in money at The Monitor, but most of that was from subscriptions, not advertising. Subscriptions account for about $9 million of The Monitor’s revenue, while print advertising makes up less than $1 million. Web revenue is about $1.3 million, he said. He is projecting that circulation revenue will drop, but he expects the magazine format will appeal to print advertisers. He is planning cuts, too. Mr. Yemma said he was planning some layoffs on both the 100-person editorial side and the 30-person business side. “I’m not sure the same number of people will be needed,” he said, but “there’s certainly nothing like a draconian cut coming.”
Under the new system, reporters will be expected to file stories to the Web and update them a few times a day, along with writing longer pieces for the Sunday magazine.
Mr. Yemma said he hoped to establish CSMonitor.com as an essential place for international news. The site now gets about three million page views a month, according to comScore, and Mr. Yemma said he wanted to increase that to 20 million to 30 million a month in the next five years. Even if he can fill the site only with remnant, cheap ads, he said, if visits grow as he is projecting, “that’s a sustainable model.”
The Sunday magazine, which will have an international focus, is meant to satisfy readers who are attached to print, Mr. Yemma said, but he said he did not expect it to be hugely profitable.
“We certainly know newsmagazines are cratering,” Mr. Yemma said. “We’re under no illusions about it being a growth vehicle.”
The Monitor, which was conceived as an alternative to the yellow journalism of the early 20th century, is financed by the First Church of Christ, Scientist, in Boston through contributions and an endowment. The church wanted its publishing division to contribute to the church rather than vice versa, and plans to reduce its subsidy to about $4 million, from about $12 million, within five years. Mr. Yemma said he was worried about how subscribers would react.
Longtime readers “love coffee and a newspaper. So do I,” Mr. Yemma said. “There’s nothing like it. But everyone, sooner or later, is going to have to make the transition, and that’s recognized.”
