4 questions with Yuval
Rachmilevitz
Rachmilevitz, CEO of Olive
Software, says digitized content is the lure newspapers must exploit to attract
new audiences.
Why
is it important for newspapers to offer electronic editions?
There are three main reasons
that newspapers must offer electronic editions.
First, to leverage their
existing investment in the printed product. The research, writing, layout and
design that go into producing a daily or weekly paper can be repurposed by
producing an electronic edition that provides instant access to any article or
ad that has ever appeared. An electronic edition serves as a foundation for a
content-centric distribution strategy that includes daily editions, searchable
archives and mobile access.
Second, to extend their
brand’s reach to a global audience. A local paper is often the best source of
information about a community. So anyone searching for information on
businesses, government, current events, sports or real estate in a specific area
should consult the local newspaper first. Reading an electronic edition
newspaper provides information in its original context, providing a feel for a
community that a Web site cannot.
Third, to provide options for
subscribers for whom traditional 7-day home delivery does not work. For example,
people who travel for business or pleasure, environmentally conscious readers,
students or military personnel. In addition, papers can extend their service
area into adjacent markets with no incremental printing or distribution costs.
What tools are publishers
and readers looking for in electronic editions?
The core newspaper asset is
content, so publishers need ways to easily manage and repurpose their content in
innovative ways to create new business models beyond traditional home delivery.
Examples include using electronic newspapers as a way to attract readers through
search engines and then monetizing that content either by charging for access or
using an ad-supported model. Readers are looking for ways to access, read,
discuss and share high-quality content anywhere, anytime, on their own terms.
What trends do you see in
electronic newspaper technology?
The biggest trend is that
publishers are starting to take the necessary steps to make their printed
content universally available and searchable around the globe. For example, if
someone recalls a restaurant review in your travel section while they are
traveling in a foreign city, you want them to be able to access your archives
through their mobile phone or Blackberry on their way to dinner. There is so
much content that people need so they can make informed decisions — publishers
need to digitize it and give people what they want.
Do you think hybrid
subscriptions will lead to an increase in the number of electronic editions? Why
or why not?
Hybrid subscriptions will
certainly increase the number of electronic editions. There have many newspaper
titles that have converted their Sunday or weekend print subscribers into 7-day
hybrid subscribers. This benefits publishers by providing an increase in
circulation, advertisers by gaining more readers who can now search online for
ads and coupons, and readers who can read the paper online everyday even if they
are not home.