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Terry Neal discusses what\'s ahead for journalists, print publications and online content in the new year.
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MEDIA2011 EXPECTATIONS
2011: NOW TRENDING Online ad revenue for mainstream media publications will begin to
rebound, helping to stem the hemorrhaging of their parent print
publications. But the rebound won’t be enough to ease the pain,
leading to continued downsizing in the industry. The downsizing
will particularly affect the ability of mainstream publications to
retain top-end talent.
AOL Patch will continue its rapid expansion. Print publishers and
local TV news producers will continue to try to figure out a way to
monetize narrowly focused community news, and will search for
creative business models to do so.
The continued pressure to keep up with technology will push
organizations to move from the model of reporters as content
creators to bloggers who are content aggregators. Increasingly,
journalists will rely on second- and third-hand, often non-verifi-
able information, rather than personal, verifiable sources and
information, blurring the lines between content creators
and aggregators.
The rise of the personally branded journalist will intensify in the
coming years. The best journalists will not just be those who
produce the best content, but those who draw the most eyeballs
through self-marketing via social media.
The media demigods will watch but not follow Rupert Murdoch’s
lead in putting content behind paywalls. While The Financial Times
and The Wall Street Journal have had success with the model,
most publishers will conclude that this works only with specialized
content targeted at affluent audiences.
CORPORATE IMPLICATIONSTo navigate the complicated media landscape, communications
agencies will need to modernize their staff with special digital
training and boost specialty units or divisions of digital strategists.
Companies will need to see PR and marketing as key competen-
cies, with hard metrics that can be measured through various
digital applications.
As communications strategies become increasingly more sophisti-
cated, PR professionals will need to integrate social media
strategies directly into overall strategies. The new landscape
will necessitate a realignment in PR target opportunities, given the
vastly broadening array of influencers. Economic pressures and
expansion in media bandwidth/coverage space will produce an
increasing number of creative mergers and shotgun marriages
and a reinvention of the medium in 2011. That will result in
multiple platforms per outlet. An understanding of outlet
reach and new ranking in the media firmament will be key to
communicate to clients.
Terry Neal, senior vice president & director strategic media in H&K’s
corporate practice, spent most of his career as a journalist, including more
than a decade as a political reporter and editor at The Washington Post.
He is based in Washington, DC.
Terry NealSenior Vice [email protected]
MEDIA | 2011 EXPECTATIONS