Most, if not all, publishing businesses have had to alter their business model because of the impact of the digital age. Amazon recently reported that its e-book sales beat traditional hardcover sales, and digital sales will surpass paperback ones in the next 9-12 months. The concept of “publisher-turned-digital-curator” has paved the way for small publishers to jump on the digital bandwagon and gain business that would have been near impossible with only offline/traditional sales.
Yell, the UK publisher of the Yellow Pages, recently announced that profits are sharply decreasing and their stock has a junk credit rating-a hit from customers’ increasing migration from print to digital. As a result, they have outlined a new strategy to further investment in digital and have brought in a new COO from Cisco.
The New York Times is doing a good job of incorporating digital into their platform in conjunction with print. They are currently working on have full integration with the two. After firing its Social Media Director, the New York Times realizes the importance of digital and how it should be fully integrated within all aspects of the Times-and not be a separate entity. They also stress to their reporters the importance of using Twitter and Facebook to stay connected to their readers.
“Simply put, the NYT understands that media organizations shouldn’t divide their print editions from their online, iPad and mobile subscriptions. It is all the same brand to consumers, and an aligned outlet with all of its properties functioning together successfully will be more powerful and useful for readers.”
It will be interesting to see how the New York Times fairs without its social media director- and if they will need to recruit another one in the future. As social media continues to change, who will be responsible for informing the reporters of what they need to be aware of?

