Wednesday, December 09, 2009

From Mass To Niche 

This is interesting. Newspapers have finally recognized that they are no longer mass media and are cutting back to a core of readers willing to pay for the paper daily. In other words, newspapers are fast becoming a niche medium, no longer powerful but catering to what is probably an older crowd. This means, of course, that newsrooms will continue to shrink and coverage as well until a balance between cost and revenue is achieved. The hard task for newspapers is not to cut too much. The New York Times, for example, is in the middle of newsroom buyouts and lost some of its well-known business reporters in the last few days. Who will replace them? No one.

In PR, we have seen this coming for a couple of years and as practitioners we have been shifting away from newspapers for some time. The problem is that in some areas like business news, there is nowhere else to go. There are no independent blog sites for business news that have become prominent like Politico for political news. Business news blog sites are associated with the same mainstream media that are cutting back. It is a challenge for corporate PR that will only become larger.


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