The Day Traditional Media Died
Today, my post was going to be about Traditional Media, inspired by my visit to AdAge
Friday. I was going to tell you that business and news magazines are going to die a slow death if they don't change in the following ways:
- Recognize that covering news or business in the traditional ways of reporting on what has happened is old news by the time you go to press and most of us already have moved on.
- Writing about movers and shakers only interests your potential corporate advertisers and only we baby boomers subscribe to publications that follow that practice because we were raised on reading newsprint. But many of us are unsubscribing.
- Most of us don't get our information about the Fortune 500 via traditional media, and while those companies represent good advertising opportunities, stories about them will not sustain subscriptions nor newsstand sales.
- You can be a leader and an innovator, or you can be a follower and get out of the way. In today's world, what would have been your next level of subscribers don't respect or care about followers and just want you to get out of the way.
- If you don't believe you can influence your readership, why should anyone read you? Obviously, you don't have much to say.
- More than 90% of businesses are small to mid-sized. And most employees and investors don't read about the Fortune 500 because those businesses only influence Wall Street, not Main Street. Business publications that ignore businesses wherein almost all innovation happens will change or die in the next decade or two.
- Change or die. Understand what potential subscribes wants and needs are and meet or exceed them. Today, most of you oversell and under-deliver
That's what I was going to write, and I was going to offer some research and case studies to support each point. But being negative is easy because Traditional Media is so conservative, risk adverse and boring. Businesses with those characteristics grow revenues through mergers and acquisitions but not in the old-fashioned way: Creating great products and services that meet consumers wants and needs in ways that add value to their lives. That's what I was going to write.

thinking that those who make editorial assignments and choose what we hear, see and read, don't seem to understand or care what is important to their public.
Here's the headline: 