Ever since the printing press, news has constantly evolved in its delivery method. The use of tablets for news is the natural progression in this evolution. Coined the ‘platform to save the news industry’, tablets and mobile are viewed by some as a chance to start over. Media companies have the chance to attempt to re-configure their system to benefit from tablet users. When the free online version of the papers debuted, media companies have had a difficult time constructing a pay structure that not only retained consumers but was profitable as well. Mobile is giving them a second chance.
For there to be a future in journalism on mobile devices, media companies need to establish a pay structure from the beginning. While pay structures can present the same problems as on traditional media, a balance needs to be achieved. Niche and specialty papers such as the Wall Street Journal have never had a problem with hard pay walls, but general news gets trickier. One benefit of tablets is the perception by the consumer. They are more willing to pay for content and value the applications differently. Media companies need to utilize this to the fullest and charge for content from the start.
Tablets offer a new form of revenue from advertising and charging for application downloads as well. Applications as well as mobile sites are crucial to news outlets to attract users to not only create brand loyalty but make money from the mobile advertising as well.
Media companies need to adapt to the changes or perish. In this environment where technology is reinventing and moving forward, there is no other choice. The numbers have been rising since the inception of the tablet and this gives the media companies a chance to build back their business.
This may not ‘save’ the publishing industries but it is the next step in the news cycle. Traditional companies need to embrace the reality and configure a pay and overall structure that will not only retain consumers but be lucrative as well. This can only help the media companies if they understand the growing need for this shift.
It comes down to not whether media companies will adapt but if it will work in the long-term. The way information is disseminated is constantly shifting and to stay relevant companies need to assimilate to embrace the changes.