Preview

The Chronicle Gazette

Powerful Essays
Open Document
Open Document
5203 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Chronicle Gazette
Strategic Planning at the Chronicle Gazette

Table of Contents

A. Introduction B. Newspaper publishing industry today C. Why newspapers are facing declining circulations and revenues D. How companies in the publishing industry are adjusting their strategies to cope with today’s challenges E. Steps taken by the Chronicle Gazette for dealing with today’s challenges F. Conclusion

Introduction:
The Chronicle Gazette is one of today’s leading newspapers in the United States, with a circulation of 225,000 customers. Over the past few years, it has been facing a steady decline in its customer base and revenues. This is mainly due to the increase of people using the internet as their means of gathering news and information. The newspaper publishing industry in the United States is going through some difficult times with declining revenues. Both subscription and advertising revenues have been steadily declining. One of the main causes for this downfall is that readers are using the internet to get news and other information for free, and they are reluctant to pay. The current state of the economy in the United States and the global recession has cut down the advertising revenues for the newspapers. The cost of publishing has increased, which has caused the majority of the newspapers to increase their prices. This has further distanced consumers from purchasing the traditional newspapers and has made the online news websites even more popular.
The main purpose of this report is to analyze the newspaper industry for The Chronicle Gazette presenting them with information to help boost its circulation and increase their profits. The report will analyze the newspaper industry in the United States giving details of its present status and future position. It will also present facts on the factors that have lead to the decline of the industry. The report will analyze the trends in the newspaper industry and the strategies adopted by some of the leading companies



References: 1. Newspaper Association of America. (2010). Total Paid Circulation. Retrieved on 07/09/2011 from http://www.naa.org/TrendsandNumbers/Total-Paid-Circulation.aspx 2 3. Hoover’s, Inc. (2010). Newspapers and News Organizations Industry Profile. Retrieved on 07/09/2011 from http://www.firstresearch.com/industry-research/Newspapers-and-News-Organizations.html 4 5. Wikipedia. (2011). USA Today. Retrieved on 07/15/2011 from http://en.wikipedia.org/wiki/USA_Today.html 6 7. Audit Bureau of Circulations. (2010). FAS-FAX Report - 9/30/2010. Retrieved on 07/20/2011 from http://abcas3.accessabc.com/ecirc/newstitlesearchus.asp 8 9. Potter, W.J. (2005). Media literacy. SAGE 10 11. Chapman, A. (2010). porter 's five forces model. Retrieved on 07/11/2011 from http://www.businessballs.com/portersfiveforcesofcompetition.htm 12 13. Guardian News and Media Limited. (2010). Seattle Post-Intelligencer prepares to publish final print edition. Retrieved on 07/20/2011 from http://www.guardian.co.uk/media/2009/mar/16/seattle-post-intelligencer-final-print 14

You May Also Find These Documents Helpful

  • Good Essays

    This article discusses the broad future of newspapers. He knows times are changing, and that he would like to think that himself as well as the Inquirer doing well, despite the other outlets that are now available. He feels they cover the important stuff. The way things are these days, the media entities more and more are financially entangled with the teams that are supposed to be covered. Television and radio…

    • 649 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mkt100

    • 924 Words
    • 4 Pages

    The newspaper industry is in such a decline that it seems the only way to get them back up and running is to think innovatively. The best idea in moving forward is for everyone being adaptable to change. As mentioned in Assignment 1, the alternatives that could be used to reposition the newspaper is enhancing newspaper websites by adding sponsors, co-branding with Google and/or Microsoft, and soliciting town hall meetings. According to the US Census Data, there are 112,970 internet users that are householders 25 years and older. Of them, 68,042 are currently employed. It is significant to capture how many employed people there are in order to round out the target audience. Employed people are most likely to purchase this new version of the product.…

    • 924 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    gilded agee

    • 453 Words
    • 3 Pages

    This is your opportunity to show your creativity and create a Newspaper that would come straight out of the Gilded Age. All projects should be TYPED AND PRINTED before class.…

    • 453 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Ps-220 Syllabus

    • 746 Words
    • 3 Pages

    2) Any newspaper – preferably one with a national scope such as NY Times, Washington Post, Wall Street Journal, etc.…

    • 746 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    "The Kroger Co.." The Kroger Co. information and related industry information from Hoover 's. Hoovers. 07 Apr. 2006 .…

    • 2118 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    The Internet has had a significant impact on newspapers. The development of online communication has led to important transformations at an organizational level, The internet has involved changes in access, production and circulation of information. These changes are distinguished by the speed with which news reaches the reader, the low cost of distributing information and the opportunity to establish more direct contact and interaction with it's users. Because information is available to everyone, the Internet raises the bargaining power of customers, who can quickly find the lowest-cost provider on the web. The internet also raises the bargaining power over suppliers by reducing the barriers to entry and from the elimination of distributors…

    • 651 Words
    • 3 Pages
    Good Essays
  • Good Essays

    With the ever increasing need to be informed of current news and the popularity of newspapers, the internet has become a better resource for satisfying such a need. Though the printed form of newspapers are becoming less popular, its availability online has been prosperously increasing throughout the years. Today, the printed mass media are declining but methods and the spread of news have never been so popular. Newspapers are not dead, they’re simply undergoing disruptive transition (1). Such transition is to converge with the internet to keep pace with the changes in society.…

    • 655 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    On its debut in 1982, USA Today was reckoned as America’s first National general-interest daily newspaper. Being the global information juggernaut that he is, Gannett managed to identify a gap in the market that he identified as an opportunity for the leading to-be newspaper of the united States. The opportunity was the void gap in the market. Attention to the business traveler was the least attended to which gave Gannett the opportunity to target such a sector and be the leading supplier of such traveler needs in terms of information. The launch of USA Today was based on two perspectives; the increasingly short attention span as well as the continuous hunger for more information. With both perspectives in mind, the paper was positioned to be a source of information that delivered “more news in less time”. In response to their customer needs, and the opportunistic gap in the market, USA Today was designed to be a unique paper with easy access to articles and concern for their time-pressed readers through the introduction of columns and snippets that presented the most salient topics of the story. In addition to their colorful contemporary look, USA Today’s ability to be dependably consistent added great value to the paper that lead to a stuttering over-a-million circulation in just seven months.…

    • 2714 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    Evaluating News Coverage

    • 669 Words
    • 3 Pages

    Discuss the look & layout, demographics of each paper and identify key differences between number and type of stories in a paper like the Post vs. The New York Times and evaluate the reasons for this.…

    • 669 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    The Huffington Post

    • 1362 Words
    • 6 Pages

    This paper discusses the growing success of The Huffington Post. The online publisher has become a prominent online news source over the years and this paper examines the success, while relating The Huffington Post’s strategy to common marketing analysis tools such as the Porter Five Force Analysis, as well as discussing four different revenue models for online publishers.…

    • 1362 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    New York Times Paywall Case

    • 2734 Words
    • 11 Pages

    The newspaper industry in the United States is in major need of a transformation. Over the past decade, circulation numbers have been declining for weekday and weekend editions according to the Newspaper Association of America [Exhibit 5]. The accessibility and popularity of the internet is changing the way the world consumes media. The transition from print to digital has provided a challenge for media companies, with The New York Times being no exception. Revenue streams from print newspapers are mainly based on advertising revenue [75% Total: 42% retail, 25% classified, 8% national – Table A]. However, with readership moving to online consumption, a gap is present between past and present advertising revenues. For one the new medium is more economical while also being more customizable for various target markets of consumers, such as those reading the headlines or the sports page. In addition, retail companies, such as car manufacturers, are more likely to use their own websites as a vehicle and classifieds are more likely to be posted on various free websites such as…

    • 2734 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    This research article is developed from the findings of quantitative research conducted by the U.S. newspaper industry, American Society of Newspaper Editors and most recently The Ford Foundation. The article itself has two formal headings to break down what is being discussed and where the…

    • 1546 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Freedom's Journal Analysis

    • 1594 Words
    • 7 Pages

    Historical Newspapers Online - History, Philosophy and Newspaper Library @ U of I. (n.d.). University Library, University of Illinois. Retrieved August 1, 2013, from http://www.library.illinois.edu/hpnl/newspapers/historical.php…

    • 1594 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Due to the increase in internet users, there has been a great lack in books and newspapers since the value of the internet exceeds the value of newspapers and books. Personally, hardcover books will always be a personal favorite to myself. However, to the general public, they no longer have the want or need for hardcover books or newspaper subscriptions; because overall, they could be found online for a reduced or free price. Generally, no one cares for hard copies of anything anymore. Essentially, there is no competitive edge in publishing companies. Therefore, the publishing companies have not succeeded in preserving their cost advantage against other competitors, such as the internet. In regards to Porter’s model, a successful company uses the five forces in their industry.…

    • 1085 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Newspapers

    • 402 Words
    • 2 Pages

    The History of newspapers is arguably one of the most dramatic episodes of human experience. The actual origin of newspapers lies in the Renaissance Europe when local merchants used to distribute handwritten newsletters amongst each other. However it was not until the late 1400’s when Germany introduced the precursors of printed newspapers. Since then newspapers have evolved dramatically and today there are more than 6580 daily newspapers in the World. A typical modern day newspaper is filled with various materials like editor’s columns, newspaper classified ads , newspaper display ads, forecasts, comic strips, entertainment section and much more. Unfortunately the sudden economic downturn has also seen the rise of electronic or web-based versions of newspaper journals which automatically resulted in a decline in newspaper classified advertising and circulation.…

    • 402 Words
    • 2 Pages
    Good Essays