The glass-half full approach to newspaper strategy
(Michael P. Smith)
I am being gently chided by friends in the business for comments I made in an industry report about leadership. I suggested in an interview that newspaper leaders have to believe in their product - the core product the way readers do - and exude a confident-yet-informed optimism in their leadership and communications.
(This is where media bloggers I respect say that I am an ostrich.)
I also said that you cannot manage decline. This coincides with an INMA column (membership required) by Len Kubas and Chris Kubas that questions whether newspaper executives really are convinced that newspapers can be saved from eventual decline. They ask where exactly is the confidence in the core product:
One of the biggest challenges facing our industry in most of the industrialized world is not the Internet or decline in circulation or readership. The challenge is the loss of confidence by some publishing executives, and their belief that print newspapers are no longer relevant in today’s fast changing media world.
In calling for publishers to rebuild confidence in the core, they write:
Newspapers have the resources, the talent, and core competence to restore vitality to the print product while simultaneously growing the internet or digital side of the business. It is not an "either-or" situation, but a strategy that recognizes that a healthy future depends upon strong print operations.
There are examples in the western world where a leader with optimism and confidence in the core has actually turned things around. One example often cited is the Guardian in the United Kingdom. Here at MMC we salute the efforts of the Globe and Mail in Toronto and the Spectator in Hamilton, Ontario. At INMA, I learned of the turn around at the Sydney Morning Herald.
Robert Whitehead, director of sales and marketing of Fairfax Media, was frank in reasons why the Morning Herald turned things around. The most important cause, he said, was a change at the top. A new CEO came in believing in the core product and believing that the newspaper could again be successful. He established a set of tactics that led to their success:
He introduced a grow-the-newspaper mandate.
He introduced a clear decision-making process.
He set circulation growth targets.
He put marketing and circulation together.
He ended branding campaigns.
He established clear print and digital product guidelines for growth.
While this was going on, the newspaper concentrated on serving its customers. New flexible subscription programs were implemented. The newspaper became very involved in public service campaigns.
Executive Program Focuses on Integration and Innovation
The many changes in the media are forcing media companies to push for efficiencies and innovation at the same time.
To meet that need, MMC has created an intense, innovation-focused two-week program called the Media Executive Leadership Program. It will be offered July 20-31 at the James Allen Center on the Northwestern campus.
In the middle of a devastating media recession where many newspapers and television stations are thinking only of survival, it is easy to overlook the fact that tomorrow's media organizations are being built today.
We already know some media companies will not survive. Others will so damage their brands; future viability will be in question. Those that do survive will face a changed world, filled with great pitfalls, but also great opportunity.
In this unprecedented environment, media organizations must make one of two choices. The first is to do nothing - business as usual. Organizations that make this choice allow events and competitors to shape their destiny. Staying the same means giving up the opportunity to lead. What will be the result? Only time will tell.
The second choice is to apply proven strategic thinking and innovative ideas to traditional media brands. This approach involves moving beyond current cultural, platform and sales limitations. This second approach requires highly skilled change agents willing to use fresh thinking and the latest ideas to advance organizations into an important new world. If done right, the result will be a dynamic, forward thinking organization with the potential for incredible profits.
For almost two decades Northwestern University's Media Management Center has taken a leadership role in creating the future of media. With the resources of both the Kellogg School of Management and Medill, the Center occupies a unique role in international media development. Part research organization, part think tank, part educator, the Media Management Center is the clear leader in future media thinking.
We know the public's demand for news and information continues to grow. Some media organizations will take great advantage of this growth. They will build great brands that also result in great profits. If you are a change agent, willing to look at the world in a fresh way, then the Media Executive Leadership Program is for you.
Please download and return this application by July 6. Cost is $11,400, which covers tuition, materials, food, lodging and activity expenses - everything but transportation to Evanston.