Internet Good for Newspaper Business?
Paris, France, and Darmstadt, Germany
3 November 2009
John Paton, Chairman and Chief Executive Officer of impreMedia LLC, the number one Hispanic news and information company in the United States, believes digital news distribution ³is the single best thing that has happened to our business in the last quarter century.²
It's certainly been good for his company: ³Even in this disastrous economy, we are now projecting for every one of our divisions a higher profit for
2009 over last year,² says Mr Paton. ³Some will have their highest profits ever. We fully expect 25 percent of our profits to be non-print by 2011 and half by the following year.²
Mr Paton will explain how impreMedia is achieving such impressive results at the World Newspaper Congress, the global summit meeting of the world's press, to be held in Hyderabad, India from 1 to 3 December next.
³I hope what we are doing here at impreMedia is instructive for others,³ he says. ³I truly believe we have crafted a process that grows our brands, embraces platform change, protects and enhances journalism and services our communities.²
ImpreMedia had only nine products on two platforms three years ago; today it has 97 products on seven platforms - web, mobile, TV/video, social media, widgets, audio and print.
³And, I might add, we do all that with 40 percent fewer people, which is the other strength of digital innovation which lets all companies - those that choose to invest in the technology and the right people - do much more, much more cost effectively,² says Mr Paton.
Full details of the 62nd World Newspaper Congress, 16th World Editors Forum and Info Services Expo 2009, the global meetings of the world's press organised by the World Association of Newspapers and News Publishers (WAN-IFRA), can be found at http://www.wanindia2009.com
There is still time to register! Special measures have been taken by Indian authorities to facilitate the processing of visas for Congress and Forum participants and Hyderabad is linked by direct flights to major cities in Europe, Asia and the Middle East.
Mr Paton's strategy for digital innovation at lower cost is built around three key beliefs:
- Content creation takes a ³brands first and digital first² approach.
- A business model built around news content creation and consumption patterns - breaking news to mobile first, then to the web, then social media, with all content enhanced by audio, video and photos. Repetition and updates continue throughout the day, adding value for the customer. Then print, acknowledging what has already been said, shown and heard.
- All content delivered not only to impreMedia's own platforms, but to others as well. ³We have declared that our company must let the outside in and we must go where the audience is,² says Mr Paton.
In addition to being Chairman and CEO, Mr Paton is a member of the board of impreMedia, whose titles include the portal http://www.impre.com and its McClatchy partners, and the leading Hispanic publications in 16 markets, including La Opinión in Los Angeles and El Diario La Prensa in New York.
The US Hispanic population is the fastest growing demographic in the country, accounting for more than 15 percent of the population and totaling
47 million people. It is expected that nearly 50 percent of all U.S.
population growth in the next 15 years will come from the Hispanic demographic alone. U.S. Hispanics make up the third largest Spanish-speaking population in the world after Spain and Mexico.
Mr Paton, who is Canadian, arrived in the United States in 2003 and has quickly built a reputation as a leading media executive. He has been named a ³Media All-Star² by AdWeek magazine's Marketing y Medios, Hispanic Media Executive of the Year by HispanicAd.com, a finalist in Ernst & Young Entrepreneur of the Year programme, and Publisher of the Year by Editor & Publisher magazine. He is a member of the board of directors of the Journal Register Company, which operates more than 280 print and online products.
Other Congress and Forum speakers include:
- David Drummond, Senior Vice President and Chief Legal Officer, Google, USA;
- Andreas Wiele, Member of the Board /President BILD Division and Magazines, Axel Springer AG, Germany;
- Olivier Fleurot, CEO, Public Relations, Corporate and Financial Communications, Events Management for Publicis Groupe;
- Mahendra Mohan Gupta, Chairman/Managing Director and Managing Editor, Jagran Prakashan Ltd, India;
- Ravi Dhariwal, CEO Publishing, Bennett, Coleman & Co. (Times Group), India;
- Martim Figueiredo, Publisher & Editor-in-Chief, 'i' daily newspaper, Portugal;
- Gerd Finkbeiner, Chairman of the Executive Board, manroland AG, Germany;
- Jaideep Bose, Editor-in-chief, Times of India;
- James Orr, Online News Editor, The Christian Science Monitor, USA;
- Paul Johnson, Deputy Editor-in-chief, The Guardian, UK;
- Steve Engelberg, Managing Editor, Propublica.org, USA;
- Harinder Baweja, Co-Editor-in-Chief, Tehelka, India;
- Martin Moore, Project Manager, Transparent Journalism (Knight News Challenge winner in 2008), UK;
- And many more!
The conferences will be opened by Pratibha Patil the President of India.
Full details at http://www.wanindia2009.com
Added value: ³The Future of Cost Cutting and Business Efficiencies,² an outsourcing study tour, will be conducted following at Congress and Forum.
For full details of the 4 to 7 December tour, which will take participants to Mumbai, New Delhi and Bangalore, can be found at
WAN-IFRA, based in Paris, France, and Darmstadt, Germany, with subsidiaries in Singapore, India, Spain, France and Sweden, is the global organisation of the world's newspapers and news publishers. It represents more than 18,000 publications, 15,000 online sites and over 3,000 companies in more than 120 countries. The organisation was created by the merger of the World Association of Newspapers and IFRA, the research and service organisation for the news publishing industry.