Tag Archives: Advertising

Open letter to the London Weekly and Invincible Media

After strong doubts about its viability and existence, the London Weekly did launch as the capital’s latest freesheet. Initial public reaction hasn’t been good. But despite a poor quality print and online product, and its producers’ elusiveness, the title has seemingly managed to attract advertisers. The Help Me Investigate group I set up last week has done some dogged online digging and for the latest task, user JWarren created a list of all the advertisers in the print product: Ticketmaster/Wicked Musical; Big Snow Festival; Seafrance; Southern Comfort; Aloud/Kerrang; Lyric Theatre; Celtic Blue Rock Festival; Zuricom; Envisage Recruitment; and Chisholm and Moore. Why are they backing the project and what do they know about Invincible Media? To join the Help Me Investigate group, email me for an invite or request an invite here.

Blogger James Ball feels that the London Weekly and Invincible Group, with which it is associated, have some questions to answer. He has sent an email to the editorial and commercial teams of the newspaper and to Invincible Group asking these questions.

“Virtually all need answers if The London Weekly wants to win any credibility with its sceptics,” he writes. [Read James Ball’s full post at this link]

Here are a few of the questions raised in the letter:

  • What is the precise nature of the relationship between The London Weekly and the Invincible Group? There is no mention of Invincible on thelondonweekly.co.uk, but the two businesses are run from the same office in Hackney, and share many staff (and web hosting) in common.
  • Who are the Global Publishing Group? Why is it not registered at Companies House? Has it ever made any previous investments – and why haven’t they received any coverage?
  • Why has The London Weekly not been registered as a limited company?
  • Does The London Weekly really have £10.5m backing? Can we speak to the backers?
  • Ex-footballer Tony Woodcock – who has previously been involved with [Invincible Group founder] GJordan Kensington at awards ceremonies – appeared on ITN as a co-founder of the project. Given his other businesses are registered on Companies House, why isn’t GPG or TLW?
  • The London Weekly was widely said to be very hard to get hold of on both Friday and Saturday [last week]. Was its print run 250,000? How many were distributed? Who was the printer?
  • Why does Invincible claim to have offices on the 30th floor of 14 Wall Street – one of the most prestigious business addresses in the world – yet operate out of a monthly-rental office in Hackney? And why, given Wall Street’s location, is the US phone number given based in California?
  • Where are Invincible Radio’s “millions of listeners”? The site redirects to a free streaming service with fewer than 20 followers.
  • Is Invincible Magazine still published? Its forum is populated solely by spam and in many categories there have been fewer than five news stories in the last three months.

Rob Grimshaw on the paywall backlash

FT.com managing director Rob Grimshaw, regular spokesperson for the paid-for content model,  has a real problem with the language used by critics of the paywall, he told Journalism.co.uk yesterday.

“It’s always put into pejorative terms.” he said, “It doesn’t happen to any other product: you don’t talk about restaurants giving people a bad user experience by giving them a bill at the end of it.

“It’s understood that something has been produced and it needs to be paid for; somehow with news content it has become a totally different argument,” he said.

It is almost regarded as a “sort of a criminal act to have the temerity to charge for some of our products,” Grimshaw added. “It’s something that we need to get away from.”

“We’re not a charity, we’re a company with shareholders: there’s nothing free about the information we produce – our editorial operation costs millions of pounds to run and we don’t see it’s odd to put a price on it. In fact, it’s probably the only way to run a reasonable business.”

Needless to say, he supports the NYT’s newly announced FT-style subscription model, scheduled for 2011: “Publishers need to get themselves out the hole and be a bit more bold and brassy,” he said.

Publishers shouldn’t, he added, be afraid to say their content has got a value. While he admitted the FT has a niche and affluent reader base for its subscriber model, he believes general news sites can do it as well.

“Our sense [is that] if other publishers do go for it, they will be able to build successful models.”

FT.com is not without its free content rivals, he said: “[W]e’re not short of competition – for every topic we cover on FT.com you can find a list of sites as long as your arm.”

“There are parallels between what we’re doing and what general news publishers will have to do as well. For me, the big thing is quality. It all comes back to quality. Whether it’s niche [or not] it’s got to be good”.

General news sites have the capability, brand and long heritage with which to build better quality sites, Grimshaw argued. They can be “far more compelling than one man blogging in a room,” he said.

“There are numerous ways that publishers can create sites which people are prepared to pay for because they are better than anything else that’s out there.

“I don’t see that the publishers are going to have trouble to get their users to pay for content.”

Grimshaw’s firm belief, as he has said before, is that newspapers cannot  live by advertising alone.

Citing IAB figures from last year (available at this link), he said it was paid-for search that took “by far” the bulk of the money: around 62 per cent; with 19 per cent to classified; and only 18 per cent to online advertising spend.

“It seems everybody in the whole world is trying to float their business on that [advertising model]. It’s just not big enough for every one of those businesses  (…) so something is going to have to give.

“Either publishers are going to find themselves in serious difficulties, or they’re going to have to come up with another way of making money.”

FT.com’s forthcoming content plans include a new Blackberry app, ‘one day pass’ subscriptions, and video for iPhone.

Read more about it on our main site.

AdAge.com: Monetising news tweets

Advertising Age takes a look at ways of making money out of your news organisations’ tweets, pointing to Ad.ly, a start-up offering paid tweets among news tweets.

Another example given is Canoe, a news publisher based in Montreal:

Since last month, it’s used a service from Assetize that inserts an advertising bar on top of pages that get shouted out in participating Twitter feeds.

Full post at this link…

AdAge.com: Huffington Post offers Twitter advertising

“The Huffington Post has started offering marketers the ability to inject their own paid comments among reader comments and place paid Tweets among the live Twitter feeds the site assembles around news subjects and events,” reports Advertising Age.

Full post at this link…

Reuters: Google predicts growth in online video ads

Reuters reports from its Global Media Summit in New York:

“The one big shift in the next three to five years is going to be video advertising,” said Nikesh Arora, president of global sales operations and business development.

Google said it monetised one billion video views a week on YouTube during the third quarter.

Full story at this link…

Media Post: NAA reports shows online newspaper ad revenue down 13 per cent in first quarter

“In case it wasn’t obvious that newspapers are struggling, a new report by the Newspaper Association of America shows just how dire the situation has become,” Media Post reports.

“In the first quarter of this year, [newspaper] ad revenues plummeted to $6.62 billion, marking a 28 per cent drop from last year, according to the NAA. And it wasn’t only print ad revenue that fell. Web ad revenue also dropped 13 per cent, to $696 million.”

Full story at this link…

Independent.co.uk: New York Times considering charging for content?

Towards the end of this article – which looks at the key players interested in backing/investing in the New York Times – is a comment from the company’s spokeswoman Catherine Mathis: the paper is considering charging for some of its internet site.

“Our goal is to add substantial new revenue from our users without materially affecting the growth of our industry-leading online display advertising business,” she said.

A new charging system for the WSJ was announced this week and tweets from the New York Times suggested a similar move could be made.

Full article at this link…

Robert Niles: ‘Communities are key in building websites’ advertiser support’

Robert Niles looks at the monetary benefits of an online community over on the Knight Digital Media Center’s OJR blog: “If a website’s editorial mission focuses on building community, as I’ve argued, so should its advertising sales strategy focus on community as well. Don’t fall into the trap of selling potential advertisers nothing more than numbers; don’t neglect to sell them on the opportunity to support the community that you are building.”

Full story at this link…

Google Ads round-up – the changes explained in links

The latest is from MediaGuardian: ‘Google to host ads from European agencies (March 17)’: “Google is ramping up its efforts to make money from its controversial Google News service by striking deals with eight European news agencies, and launching a contextual ad service to display adverts around their stories.”

Here’s a round-up of the recent coverage of advertising on Google News and other parts of Google, and its impact for journalism. Please do add any good links you’ve spotted in the comments below, or Tweet us via @journalismnews and we’ll include them in the list.