Category Archives: publishing

The thriving NYTimes passes another milestone

By Christopher B. Daly 

In the end, as the most recent financial results posted by the New York Times make clear, the only real future for news is the audience. Journalists cannot count on advertising, and we should not count on patrons like billionaires or governments. Those sources are too fickle and too compromising. The only true basis for independent journalism is an audience willing to pay for it.

That’s why there is so much to celebrate in the latest performance figures posted by the failing thriving New York Times. Here is the company’s statement.

imagesYes, profits were off a bit. Yes, revenues from print advertising continued to slide. But the real headline is impressive growth in new digital subscribers. These are the folks who supply the company with its most stable source of funds and who do not want anything from the paper but great journalism. They are the foundation of the digital future.

In a story about the company’s earnings, Mark Thompson, the paper’s top business manager, appeared to agree:

“We still regard advertising as an important revenue stream,” Mr. Thompson said, “but believe that our focus on establishing close and enduring relationships with paying, deeply engaged users, and the long-range revenues which flow from those relationships, is the best way of building a successful and sustainable news business.”

Highlights:

–99,000 new digital-only news subscriptions in the last quarter of 2017. (plus about 60,000 more subscribers to the Cooking and Crossword pages) Digital-only subscribers now number over 2.6 million. (If you are one, good for you! Give a gift subscription to someone else.)

Total revenue for the fourth quarter of 2017 was up 10% (over the 4th quarter of 2016), approaching half a billion dollars for just three months. That’s because subscription revenues rose almost 20%, while ad revenues continued their downward slide, dropping by more than 1%.

Revenue from digital-only subscribers (the people who are going to carry this operation into the future) was up more than 50% (!), reaching almost $100 million. What that means, in crude terms, is that if the Times stopped printing (which it must do one day) and laid off everyone who is not associated with news-gathering, there would be about $400 million coming in every year to pay for the newsroom.

Advertising now contributes just 1/3 of company revenues. In other words, subscribers (plus a little money from merch) are already paying 2/3 of the cost. This has not been the case since the Civil War era. Revenue from digital ads was up 8.5%; money from print ads dropped another 8.4%.

–The company’s stock price is also rising.

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Source: NYT business page

Yes, the Times is continuing to shrink its workforce and the space those folks occupy in the company’s signature skyscraper in midtown. During a recent visit, I witnessed the belt-tightening.

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Moving boxes, covered portraits. Photo by Chris Daly

There are movers’ boxes in a lot of corridors, and oil portraits of various Sulzbergers are covered in plastic, awaiting removal to new, smaller quarters. So what? I don’t see this as cause for alarm, or even sadness. It struck me as a healthy sign of a company trying to get its size right. The key issue is finding a sustainable business model that will support quality journalism indefinitely into the future. The Times seems to be the best positioned of all the big, serious, fact-based news media in the country.

 

 

 

 

 

Down in the lobby, Adolph Ochs, the patriarch of the family that owns and runs the Times looks rather confident, no?

 

 

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Photo by Anne Fishel

 

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Why nobody knows nothing: A Taxonomy of Error

By Christopher B. Daly 

What are the sources of ignorance, confusion, and false belief? They are many, and I am attempting to take a systematic approach to what I call “ways of un-knowing.” Please leave comments if you wish to contribute to this project.

      A TAXONOMY OF ERROR

Ways of un-knowing

 

GOVERNMENT

Actions/policies

Authorized leaks (“plants”)

Spin/ p.r.

Photo ops / official photographers

Propaganda (selective truths)

Over-classification of info

 

Censorship

Disinformation

Espionage/sedition prosecutions

Jailing journalists

 

 

CORPORATIONS

Advertising

Native ads

P.R.

Anti-disparagement clauses

Suppression of info (lung cancer, climate change)

 

 

 

ACADEMICS/THINK TANKS

Obscurantism

Political correctness

Tendentiousness

Catering to funding sources

Dogmatism

Evading peer review

 

 

JOURNALISM

Good faith

Mistakes/ typos

Incompleteness (partial truths)

Misperceptions

False equivalency/ automatic “balance”

Advocacy/partisanship (conscious bias)

Hyper-partisanship.

Tendentiousness (unconscious bias)

 

Bad faith

Native ads

Exaggeration/hype

“clickbait”

Aggregating false news

Slogans/memes / trolling

Hoaxes

Fake news for politics (Infowars)

Fake news for profit (Macedonia)

Lies (knowing falsehoods)

Disinformation

 

 

 

 

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Journalism jobs: Digital now outnumbers print

By Christopher B. Daly

Two important trend lines have recently crossed, probably forever. The number of jobs in the U.S. newspaper sector has now dipped below the number of jobs in the digital media. Newspapers are not dead, but they are no longer the center of gravity for the news business. Thus ends a dominance that began in the 17th century and reached a peak in the 20th century before cratering in the 21st century.

That is one of the major findings in a new study from the U.S. Bureau of Labor Statistics, documenting what many have long noticed: American newspapers are no longer the driving wheel of American journalism. The past belonged to the printing press, but the future belongs to the web.

Here’s the big picture:

Jobs in news

Here are some highlights:

–The purple line that starts so far above the others in 1990 represents all employment in the newspaper industry. It’s worth noting that the BLS counts everyone who works at a newspaper, not just the newsroom crew. So, this is just a rough approximation of the employment situation of journalists — reporters, photographers, videographers, podcasters, editors, producers, and others who are directly involved in gathering and disseminating news. That is a much harder number to track.

–Newspaper employment took a hit in the early 1990s, then sort of plateaued, took a steeper hit when the “tech bubble” burst in 2001 (taking with it a lot of full-page ads), and then really dove in the Great Recession of 2008-9. Since then, the downward trend has slowed a bit, but the trend from 2009 to 2016 gives no reason to think that newspapers are coming back.

–The BLS also provides a helpful monthly chart of the data used to draw all those lines. Here are some salient details I found in the data tables.

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–Looking deeper into the numbers, it is heartening to see that the overall numbers of jobs in all these industries combined has not dropped very much, having fallen about 3 percent over 26 years. The biggest proportional hit seems to have occurred in “books” — which I take to mean the publishing industry as a whole. While a small number of journalists make a living by writing non-fiction books, it is probably a very small group that depends primarily on their book royalties.

–The big gainer is “Internet publishing and broadcasting.” It’s hard to imagine how 28,800 people made a living putting stuff online in 1990 (which was before the Web became ubiquitous), but there is no mistaking that web-based activities have been on a surge.

–The other big gainer in the last quarter century has been “Motion picture and video production.” It is unclear from the BLS definitions of its categories what fraction of all those folks could be considered journalists. Probably a lot of them work in Hollywood or other venues where they produce content that is fictional or promotional. Still, it is a rough indicator of where the growth is.

One question that these data raise is this: what will journalists of the future need to know and do?

About a decade ago, my colleagues and I began a deep re-think of our curriculum to bring it out of the days of print newspapers, glossy magazines, film-based photography, and broadcast television. We eliminated our separate, medium-based “concentrations” and decided that all our students should be educated as digital journalists. We tore out our darkrooms, converted to all-digital photography, and decided that all our students need to be competent in “visual journalism.” We ramped up our instruction in shooting and editing video. We converted our student radio station to digital and embraced podcasting. We decided that essentially all our coursework should be multimedia. Like other journalism programs in U.S. universities, we found that it was not easy, but it was a matter of survival.

As a specialist in the history of journalism, I spend a lot of time thinking about the centuries when the newspaper ruled the field. The newspaper had a good long run, but it is clearer every year that newspapers not only documented history, they are history.

cropped-stamp-tax-tombstone.gif

 

 

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Why are all near-death narratives about heaven? Doesn’t anybody come back from hell?

By Christopher B. Daly

I am struck by by the powerful publishing trend of books written by people who say they died (or nearly died) and came back to tell the tale. I even read one of these, Proof of Heaven, by a neurosurgeon. These are presented as non-fiction narratives, but I have my doubts.

Screen Shot 2015-01-27 at 11.13.30 AM

From what I can gather, all these accounts are pretty similar. They feature the same themes (even when they are fraudulent):

–a powerful light

–a feeling of calm

–an ambivalence about returning to real life.

But why don’t we ever hear about near-death experiences involving a sojourn in Hell?

You-know-who,  by Wm. Blake

You-know-who,
by Wm. Blake

Why no images of Satan?

Could it be that when we die, we “see” and “experience” what we want to?

(To his credit, one of the writers on the list above — Dante — describes Paradiso only after his memorable passage through the Inferno.)

Could it be that Heaven’s Gate is really a revolving door?

Could it be that no one ever gets out of Hell?

Or if they do, do they have to sign a non-disclosure/non-disparagement form?

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Who said what? A cautionary tale

By Christopher B. Daly 

Here is a cautionary tale for both historians and journalists. We all wrestle from time to time with trying to establish just what is “on the record” — that is, what did people actually say. For most of us, most of the time, the gold standard is a mechanical or digital recording. It seems so appealing: if you’re in doubt about handwritten notes, just “check the tape” (even though most recording devices no longer use tapes).

But what happens when the recording itself is murky, ambiguous, or just plain impossible to decipher?

Here’s one example, from Sheldon M. Stern — and he should know, as a historian and the former historian at the JFK presidential library in Boston, the source of many releases of presidential tapes and transcripts. He cites a single passage from the Nixon tapes that has appeared in several books, all with variations in the transcriptions. 

Here’s my takeaway from his recent article:

It is becoming increasingly clear that scholarly works rooted in the extraordinary and unique presidential recordings from the JFK, LBJ, and Nixon administrations actually constitute a new and distinct genre of historical investigation. Historians are familiar with books that utilize written primary sources, synthesize primary and secondary sources, or annotate the private papers of prominent historical figures. But, books based on audio recordings are clearly different because the historian takes on a unique responsibility in this new genre. He or she is obviously reaching conclusions about a primary source; but, in the process of transcribing a tape recording, the historian is also inevitably creating a subjective secondary source. As a result, the historian must demonstrate the most careful scholarship imaginable. No other task of historical analysis or interpretation is really quite the same.

Is there a “solution” to this “problem.” Not really, I suppose. All we can ask is that anyone who works in non-fiction should approach these issues in good faith and, wherever possible, preserve original materials and make them available to others.

Meanwhile, let the interpretations continue. . . 

156728-NTA

 

 

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Vice Media: extremism in the defense of liberty

By Christopher B. Daly

Two stories about the news media nicely frame a major dynamic that is remaking the practice of journalism. On the one hand, USA Today, the most expensive launch in the history of Old Media, announced the layoffs of 70 people, including about three dozen from the newsroom. When USA Today was launched in 1982, it was the disruptor, challenging theimgres staid, b+w, graphics-free traditional printed serious newspaper. The journalistic Establishment hated USA Today and mocked it, saying it was vulgar and represented a dumbing-down of Serious Journalism. Ten years and more than $1 billion later, founder Al Neuharth of Gannett proved that there was a market for shorter stories, punchier graphics, and color inks, and for a while USA Today flourished.

 

Fast-forward: the other big news of the last 24 hours is the announcement that upstart Vice Media has attracted half a billion dollars in investments recently, giving it instant heft and standing in the new media landscape. What is Vice up to? One insight comes from one of the co-founders, the Canadian Shane Smith. He has said Vice is engaged in a “relentless quest for total media domination.” Sounds just like Al Neuharth – or Joseph Pulitzer or William Randolph Hearst, for that matter.

[Update: here’s a version from The Economist. Fun fact: it’s “dated” Sept. 6, even though today is only the 4th, because of the magazine’s traditional print schedule of publication in separate “editions.” — There’s a quaint idea from another century.]

Along with stories about penis size and dog meat, Vice has ambitions to play in a bigger league and pursue higher-impact stories, financing expensive film expeditions to remote locations. More power to them! I hope they use most of the new $500 million to hire lots of young, smart, multimedia journalists (at least more than the dozens laid off at USA Today).

They’re ready for Vice; is Vice ready for them?

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Plagiarism is back (Did it ever really go away?)

By Christopher B. Daly 

Jeez, I hope that headline’s original. (I have this haunting feeling that it seems familiar — I better google myself to make sure. Phew. No direct hits. Now, where was I?)

Amidst this recent outbreak of plagiarism charges (the Montana senator, the Times arts writer, some guy at BuzzFeed, and others), it’s worth reviewing what plagiarism is and why it plagues us.

Plagiarism is at once easier to do and easier to catch. Thanks to computers and the internet, it’s very easy to copy things — even things that a journalist, a speechwriter, or any other sincere person intends to use as source material or as quoted matter. On the other hand, thanks to those same computers and the internet, it’s also very easy to catch someone who plagiarizes — whether deliberately or inadvertently.

That’s why I welcome today’s comment by Margaret Sullivan, the NYTimes‘ public editor. Here’s the nub of her (presumably original) comment:

Write your own stuff; when you can’t or won’t, make sure you attribute and link.

Use multiple sources; compare, contrast, verify.

 

That could go up on the walls of every classroom at Boston University, where I teach basic reporting classes in our Journalism program. In fact, I may do just that this fall — with proper attribution, of course.

Personally, I think the heart of the matter is in those first four words: WRITE YOUR OWN STUFF. If you are any kind of a writer who cares about words, you will know instantly whether a phrase or sentence or paragraph in some chunk of prose that has your name at the top was written by you or by somebody else. If you didn’t write it, give credit where it’s due. Any questions?

Class dismissed.

 

 

 

 

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News comes from far away. . .

By Christopher B. Daly

Do we get too much information about distant conflicts, or too little?

The New York Times offers two very different answers.

One comes from Anjan Sundaram, a former stringer for The Associated Press in Congo. So, he should know. He laments the withdrawal of American correspondents from many countries, the shuttering of overseas bureaus, and a general decline in the coverage of wars, violence, and the politics of many nations.

News organizations need to work more closely with stringers. Make no mistake: Life as a stringer, even for those eager to report from abroad, is daunting. It’s dangerous, the pay is low and there is little support. For years after I left Congo, my position with The A.P. remained — as it is now — vacant. The news from Congo suffers as a result, as does our understanding of that country, and ultimately ourselves.

The other view comes from my Boston University colleague David Carr, the Times‘ media columnist. In his Media Equation piece today, Carr describes the sensation of information-overload that he has been experiencing lately as social media bring him a flood of data about a rocket war in Gaza, plane crashes, and the other disasters.

Geopolitics and the ubiquity of social media have made the world a smaller, seemingly gorier place. If Vietnam brought war into the living room, the last few weeks have put it at our fingertips. On our phones, news alerts full of body counts bubble into our inbox, Facebook feeds are populated by appeals for help or action on behalf of victims, while Twitter boils with up-to-the-second reporting, some by professionals and some by citizens, from scenes of disaster and chaos.

In my view, they are both right, at least to a degree. Sundaram is correct that many U.S. news organizations have retreated (usually for economic reasons) from their commitment to covering international news. In particular, they have lost the budgets to pay for keeping full-time staffers in locations around the world that are not boiling over. I’m talking here about trained journalists who have the time to become multi-lingual, to learn about other cultures and societies, to develop good sources, and to roam about developing a good first-hand sense of the place they are covering. These are the kind of people you want to be able to in a crisis, to explain a self-immolation in Tibet, or a riot in Indonesia, or a drug war in Central America. And, yes, there are too few of those.

But that’s not the same issue David Carr was identifying. He is describing the flood of images, information, and opinions that come streaming at Americans from the hotspot of the week. And yes, he’s right about. In a country or region that America is paying attention to, the flow of news is usually pretty abundant. That doesn’t mean that it’s always very useful, only that there is a lot of it.

This general problem was identified almost a century ago by Walter Lippmann — journalist, author, and media theorist — in his landmark book about journalism, propaganda, and politics, Public Opinion.

News comes from a distance; it comes helter-skelter, in inconceivable imgresconfusion; it deals with matters that are not easily understood; it arrives and is assimilated by busy and tired people who must take what is given to them.

That is, for passive news consumers, the picture of the rest of the world is fragmentary, random, and often blurred or blacked out. I dare say that I am not the only avid consumer of U.S. news reporting who could not tell you a single meaningful thing about Indonesia (the fourth most populous country on Earth and the largest Muslim-majority nation). I don’t know anything about it, because no U.S. news organization has a single full-time correspondent there. I cannot say I am bombarded by social media (or any other kind) about Indonesia. But if something should happen there that draws the attention of the United States, we can be sure the firehose will be turned on, and we will start to absorb a torrent of images, facts, and opinions. Until our attention shifts.

Thurber-Lippmann screenshot

by James Thurber

 

 

 

 

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The dinosaurs of old media still shake the earth

By Christopher B. Daly

Is all the coverage of Rupert Murdoch’s play for Time Warner a bit of an over-reaction?

The NYTimes, for example, cleared the decks and went all-in, devoting nearly a double truck of today’s Business section to coverage of an 83-year-old business mogul who wants to take over a 91-year-old media company.

Here’s a column/story by Boston University professor David Carr and more stories here, here, and here.

So, it turns out that Murdoch wants to own the company that is a distant relative of the company founded in 1923 by Henry Luce, one of the earliest of the modern media moguls. Luce created TIME magazine with his co-founder and frenemy Briton Hadden, and in its day, TIME was the cool new thing. Over the decades, Time Inc. added more magazines that became household names — Fortune, Life, SI, People, etc. As I wrote in my book Covering America, Luce used his midas touch with magazines to become a wielder of great influence in American politics, culture, business, and foreign policy. In the late 20th Century, Luce’s successors made a series of mergers and acquisitions that transformed a magazine publisher into a multimedia giant. More recently, the company’s executives decided to spin off the print properties, leaving Time Warner as a company with a desirable core of television and film content-makers. That’s what Murdoch wants.

Murdoch himself went through a similar process of corporate cell division last year, dividing his News Corp. into separate print and video divisions. He is using his profitable new company, 21st Century Fox, to gobble up Time Warner. If he succeeds, as he might, it would also represent the final victory of 20th Century Fox movie studios founder Daryl F. Zanuck over his great Hollywood rival, Jack Warner. (Ironically, Zanuck learned the business at Warner Bros., making his bones with “Rin Tin Tin” but left after creative differences with Jack Warner over the making of “Baby Face.”)

It’s hard to find anyone to root for in all this.

220px-Baby_Face_1933_film_poster

 

 

 

 

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NY Times: a bridge to a digital future

By Christopher B. Daly 

Most people who care about journalism share a concern: can the New York Times survive the transition from a print past to a digital future? And can the newspaper carry forward its unparalleled standards, staffing level, and values into a future where the Times flourishes in the news business gets out of the paper business and emerges as a truly online news operation?

Increasingly, it appears the answer will be yes.

A big hint landed softly this week in a column by the Times‘ public editor, Margaret Sullivan. In her column, she indicated that the budget for the Times newsroom is “more than $240 million” a year. That’s how much it costs for the care and feeding of some 1,250 journalists in New York and around the world — salaries (which are at the top of our field), benefits, travel, rent on foreign and domestic bureaus, and on and on. It does not include other costs, such as printing and distribution.

That figure, which I had not seen broken out that way before now, is important.

It confirms, of course, that journalism is not cheap — especially journalism that is predicated on original reporting on a global scale. It represents the paper’s “journalistic nut” — the hard core of spending that must be met, just like your rent or mortgage and utility payments.

The challenge is: how to make the nut?

The good news is that it seems more and more do-able to make the nut into the indefinite future, despite the severe contraction in print advertising.

Here’s one scenario:

–Begin by reducing the nut. Let’s just assume that there is some inefficiency in there, some feather-bedding, some wasted effort (like the still extensive time and energy put into the laying out of each next day’s print “front page.”) For the hell of it, say you could cut that budget by 8% and still survive essentially intact. (That’s one-12th of the total, or $220 million instead of $240 million.)

–That means you need to come up with $55 million per quarter.

–Already, the Times is bringing in $38 million, from digital advertising only, according to the Public Editor.

–She did not say how much money is coming in every quarter from digital subscriptions, but she did note that “digital-only” subscriptions have risen (from zero) to about 800,000.

–It would not be unrealistic to think that if the Times went digital-only, it would pick up another 200,000 out of the base of subscribers who now get the print edition.

–So, there’s a hypothetical base of 1 million digital subscribers.

–If those 1 million people would pay $20 per quarter, you would have more than your $55 million nut.

Of course, there are problems. Maybe the Times can’t find 1 million customers. Maybe those readers won’t pony up enough in subscription. And these revenue figures are all net figures: someone still has to go to work at the Times every day to sell those ads and handle those digital subscriptions. Just because those operations are digital, they are not free.

My point is that the trend of rising revenues from digital ads and digital subscriptions is approaching the point at which they could carry the newsroom. They are not there yet, which may point to another partial, temporary answer: just print on Sundays. Print advertising brings in something like four times the amount of digital ads, but that print-based is declining and will not carry the paper into the future. So, during the transition, why not keep the big fat Sunday edition? It has the largest number of readers (1.2 million), pages, ads, and revenue. No need to say goodbye to all those full-page Style-section ads from Ralph Lauren and Chanel. At least not yet.

NYTCo homepage

NYTCo homepage

 

 

 

 

 

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