
Its been several weeks since the Globe submitted its offer to the NY Times, and in that time it seems the media storm has subsided…for now.
Once able to out-bill all of the TV stations in the Boston DMA – The Globe is now jeered as a dying medium, a dinosaur, and an old rag. The fact is the Globe owes $20 million in concessions and is losing about $1 million dollars a week.
Thanks to the local media, industry press and newswires, everyone seems to have an opinion about its fate. It seems each person has a different point of view but only two things are certain:
1. The Globe will be here tomorrow, it will find new and innovative ways to keep its place in this uncertain media landscape. TV stations have not been without their own drama – the ratings competition is pretty fierce. And radio stations are feeling the impact of the transition to monthly people meter ratings.
2. Readership of the print edition will continue to decline. Shutting the Globe down tomorrow would be a tragedy but the alternative doesn’t look any better. If the NY Times decides to keep the print edition it will be a matter of time before they are faced with the same economic challenges.
So what should the Globe do if they want to keep their place in today’s media?
Here’s an idea: Get more people to read your content online and discover innovative ways to generate advertising dollars.
Sure, the print edition will be missed. But like anything else in life we learn to embrace something new and move on.
Posted by Trudy on May 27th, 2009
Filed under Advertising, Marketing, Media, Miscellaneous | No Comments »




