Revenue Models That Work
Journalism, as a practice and a profession, stands at a financial crossroads. For much of its history, the money ledger has resided on the “other side” of the journalism business. While journalists pursued truth, advertisers seeking an audience provided the cash flow. Traditional approaches are being supplemented with dynamic, leading-edge practices that demand that content creators and editors understand more about the financial health of their media entities. Oct. 12–13, 2017, the Donald W. Reynolds Journalism Institute and the Missouri School of Journalism hosted an intimate, powerful and resonant conversation on the importance of creating engaging content while maintaining a monetization strategy that works. The opportunities for making money with strong foundational content have never been greater. We looked at best practices for how journalists, editors and other media leaders are engaging audiences while increasing the bottom line.
The contributor model
Rhett Power, Moderator, Columnist at CNBC, Moderator Rajul Varshneya, Columnist at Forbes Whitney Evans, KSL.com with Deseret Digital Media One of the emerging content plays taking root is the “contributor model.” Low-cost, highly targeted, and leveraging the power of influencers and thought leaders, this content thrives on sites ranging from Inc. to Forbes to CNBC … Continued
Winning the niche
Chris Sheridan, Wake Forest University/Formerly, ESPN and CNBC, moderator James daSilva, SmartBrief Mark Babbitt, President, Switch and Shift Nathan Byrne, Newsy Brian Morrissey, President/Editor-in-Chief, DigiDay Media While some content streams seem saturated and almost impervious to new players, other content streams are rich and ripe for expansion and even monetization. And it’s not just sports … Continued
Emerging payment platforms and strategies
David Gehring, Relay Media, moderator Cosmin Ene, LaterPay Raju Narisetti, Gizmodo Bill Densmore, RJI Dan Peskorse, Invisibly, Inc. Pay models are evolving as more and more testing indicates users are interested in paying for valuable, relevant content that fits within their framework of consent. New payments models range from per-use micropayments, to more scaled subscription … Continued
Syndicators, agencies and distribution channels
Jim Flink, RJI, moderator Andy Sareyan, McMeel Publishing Jenn Stenger, NewsCred John Rampton, Founder, Due While much of content is built around per-use, micropayments and subscriptions, there are other pots of potential revenue that lie outside of what journalists may presently be considering. We’ll surf the scene from syndicators to agencies to alternative platforms and … Continued
Old guard, new models
Victor Hernandez, Banjo, moderator Jeff Sonderman, American Press Institute Kate Butler, Associated Press Seth Rogin, Nucleus Marketing Mark Maassen, Missouri Press Association While traditional platforms and channels still make up the bulwark of monetization streams for the “old guard” in media, many are seeking new, alternative revenue streams, some of while fall well outside of … Continued
Funding the membership and nonprofit models
Ken Doctor, Newsonomics, moderator Sue Cross, Institute for Nonprofit News Dr. Crystal Rose, OZY Media Brant Houston, Co-Founder, INN While not new, membership models and nonprofit news consortia and strategies are an emergent theme, as news organizations leverage their connections and synergistic alliances to create both cost-savings and cost-enhancements. We delve into how the non-profit/membership models … Continued
Ken Doctor keynote
On Oct. 12, 2017, Ken Doctor of Newsonomics delivered the keynote address at Revenue Models that Work at the Reynolds Journalism Institute at the Missouri School of Journalism.
How four media organizations are using events to raise revenue, engage audiences
Producing events is one opportunity for news outlets to generate additional revenue and build relationships with audiences. A panel of news and advertising executives spoke about their local events during Revenue Models That Work, which was held Oct. 12-13 at the Donald W. Reynolds Journalism Institute. Panelists were Lyndsi Lane, vice president of GateHouse Live; … Continued