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- Monday 20th July: The more you pay, the less you read...
Monday 20th July: The more you pay, the less you read...
Good morning! Today's Media Roundup is brought to you by Esther.
Logic would suggest that the more a reader is willing to pay, the more they are likely to read. Right?
Wrong...according to 5-year-old Slovakian news start-up Dennik N. After finishing an in-depth analysis of the Dennis N subscriber base, comparing behaviours and preferences of readers paying €4.99 per month for the Mini product, €6.99 for the Standard product, and €8,99 for Klub N membership, they found that those paying for the top tier of membership were actually visiting less than subscribers to the Mini and Standard products.
When they asked those top subscribers why they paid for the priciest membership, the most common answer was "I want to support Dennik N".
The most interesting part is what they did with these findings. The publisher had been trying to upgrade low-tier subscribers to the higher-priced tier, as well as developing new features and editorial products to encourage this. But instead, they're focusing messaging for the top tier around the "support journalism" aspect.
It's a fascinating case study, and shows just how vital data and research can be when it comes to fine-tuning subscription products.
99% of the pain around the very necessary pivot to virtual events is convincing advertisers of their value. This piece looks at how publishers including Group Nine, Atlas Obscura and Bustle Digital Group are reimagining sponsorship offerings at virtual events for their clients. Think virtual dinner parties, mind control lessons (?!?) and branded yoga breaks.
Elliott, who started the magazine in London in 1968, passed away on 16th July after a long illness. The magazine has now grown into a global media brand covering hundreds of countries. Time Out's first post-lockdown print magazine in London on 11th August will be dedicated to him.
This data is all pre-COVID, but nonetheless there are some really interesting findings. For example, traffic to digital-native news sites has actually plateaued in recent years; after rising from 2014 to 2016, it remained steady through to 2019, growing just 3% in 3 years.
This week's episode:
Julia talks about how Meredith's parenting brand are supporting parents who are trying to juggle childcare and their own jobs during the pandemic, how they use SEO to anticipate their audience’s needs, and their explanatory approach to polarising topics.
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