In Africa, where political leaders stay 'forever' in power and allegedly steal state money to enrich themselves but fail to invest in technology, newspapers' hearts are still beating. For how long? Nobody knows.
Yesterday, Wednesday, 19 May 2010, Bizcommunity.com spoke to Barnard Beukman, Beeld newspaper GM, about the new lease on life for doing business with what he called "crushed tree trunks".
Beukman said: "It is a fact that the integration of newspapers in multichannel news models developed as an important life support for print media. Some see it as a life support for the so-called last days of print."
He said the dire situation requires the discovery of new values for print media, something that will work well for advertisers and audiences.
"You need to go here and there. Come up with creative and innovative ways to make it work to your advantage. In these hard times, you need to bring in people with big money, including winemakers. Organise quiet evening gatherings, where they will pay you to give them a platform to expose their products to the pool of readers.
"You can also look at a sport team, such as rugby. Print a Blue Bulls poster with your brand emblazoned in it. You can call all these techniques sponsorships or an activation fee. They are good."
Beukman explained further: "In short, if you want to move stock in difficult times, you need exposure to wealthy consumers who can afford your product. Planners are sometimes stuck to traditional models of AMPS reach, cost per thousand, and so on. All these are important, but are we exposing our clients to the household income capacity they need?"
Based in Gauteng, Beeld is an Afrikaans daily newspaper that also serves readers of North West, Mpumalanga, Limpopo and Kwazulu-Natal. Statistics show that Beeld readership represents the third highest household income among South Africa's daily newspapers readers after Business Day (specialised) and The Mercury (regional). Beeld has the largest daily LSM 10 audience in the country.
Figures released this week by the Audit Bureau of Circulation (ABC) show that, despite the daily newspaper category experiencing a real decline (2.26%) year on year, their performance is still reasonable given the estimated print order cutbacks.
Beukman said: "If you manage a newspaper on its own in these economic conditions, it will go down. But if you unlock new values and possibilities, you will be surprised about the kind of revival coming out of that process.
"A newspaper needs credibility and respects its audience and their distinctive needs. Keep investing in quality news, journalists, layout and printing and allow only premium brands near your brand. "Appreciate that the credibility of your brand as a credible newspaper was built over time."
Beeld is owned by Media24, a division of Naspers Group. For more, go to www.beeld.com.
