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Nick	
  Blunden	
  |	
  Global	
  Digital	
  Publisher	
  |	
  @nickblunden
The	
  Economist:	
  The	
  New	
  Way
Over	
  the	
  last	
  ten	
  years	
  The	
  Economist	
  
has	
  enjoyed	
  a	
  period	
  of	
  unprecedented	
  
success
Luck	
  or	
  more	
  precisely	
  being	
  in	
  the	
  
right	
  place	
  at	
  the	
  right	
  Fme	
  has	
  played	
  
a	
  significant	
  part	
  in	
  this	
  success
As	
  the	
  world	
  has	
  got	
  flaJer	
  the	
  
benefits	
  of	
  publishing	
  an	
  internaFonal	
  
current	
  affairs	
  Ftle	
  in	
  English	
  have	
  
increased
Mass	
  intelligence	
  has	
  emerged	
  as	
  a	
  
global	
  mega-­‐trend	
  and	
  as	
  a	
  result	
  
people	
  are	
  smartening	
  up	
  rather	
  than	
  
dumbing	
  down
And	
  paradoxically	
  the	
  rise	
  of	
  social	
  
media	
  has	
  made	
  intelligent	
  analysis	
  
from	
  trusted	
  sources	
  more	
  not	
  less	
  
valuable
And	
  paradoxically	
  the	
  rise	
  of	
  social	
  
media	
  has	
  made	
  intelligent	
  analysis	
  
from	
  trusted	
  sources	
  more	
  not	
  less	
  
valuable
Source:	
  Pew	
  Research	
  Center’s	
  Project	
  for	
  Excellence	
  in	
  Journalism	
  in	
  collabora<on	
  with	
  The	
  Economist	
  Group
But	
  to	
  maximise	
  the	
  benefits	
  of	
  our	
  
good	
  fortune	
  we	
  have	
  had	
  to	
  
constantly	
  adapt	
  our	
  business	
  to	
  the	
  
changing	
  needs	
  of	
  our	
  readers
The	
  Internet	
  hasn’t	
  changed	
  the	
  fact	
  
that	
  people	
  pay	
  for	
  what	
  they	
  value	
  
and	
  value	
  what	
  they	
  pay	
  for
However,	
  in	
  an	
  increasingly	
  digital	
  
world	
  people	
  value,	
  and	
  therefore	
  
pay	
  for,	
  the	
  consumpFon	
  experience	
  
not	
  just	
  the	
  content
There	
  isn’t	
  just	
  one	
  single	
  homogenous	
  
digital	
  content	
  experience	
  but	
  a	
  series	
  
of	
  them
There	
  isn’t	
  just	
  one	
  single	
  homogenous	
  
digital	
  content	
  experience	
  but	
  a	
  series	
  
of	
  them
Digital	
  distribuFon	
  creates	
  new	
  
sources	
  of	
  value	
  by	
  offering	
  customers	
  
greater	
  choice	
  between	
  these	
  
experiences
We	
  are	
  experiencing	
  a	
  shiS	
  from	
  single	
  
channel	
  to	
  mulFchannel	
  not	
  the	
  death	
  
of	
  print
We	
  are	
  experiencing	
  a	
  shiS	
  from	
  single	
  
channel	
  to	
  mulFchannel	
  not	
  the	
  death	
  
of	
  print
Nevertheless	
  new	
  digital	
  plaTorms	
  
provide	
  the	
  opportunity	
  to	
  establish	
  
valuable	
  new	
  media	
  consumpFon	
  
habits	
  
These	
  new	
  media	
  consumpFon	
  habits	
  
are	
  changing	
  the	
  symbioFc	
  relaFonship	
  
between	
  media	
  and	
  markeFng	
  creaFng	
  
different	
  adverFsing	
  opportuniFes
To	
  harness	
  these	
  new	
  adverFsing	
  
opportuniFes	
  we	
  need	
  to	
  think	
  less	
  
like	
  media	
  owners	
  and	
  more	
  like	
  
plaTorm	
  owners
In	
  fact	
  the	
  biggest	
  opportuniFes	
  going	
  
forward	
  are	
  likely	
  to	
  come	
  when	
  we	
  
stop	
  thinking	
  like	
  newspapers	
  or	
  
magazines
In	
  fact	
  the	
  biggest	
  opportuniFes	
  going	
  
forward	
  are	
  likely	
  to	
  come	
  when	
  we	
  
stop	
  thinking	
  like	
  newspapers	
  or	
  
magazines
Nick	
  Blunden	
  |	
  Global	
  Digital	
  Publisher	
  |	
  @nickblunden
The	
  Economist:	
  The	
  New	
  Way

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Media future 2013 keynote - The Economist: The New Way

  • 1. Nick  Blunden  |  Global  Digital  Publisher  |  @nickblunden The  Economist:  The  New  Way
  • 2. Over  the  last  ten  years  The  Economist   has  enjoyed  a  period  of  unprecedented   success
  • 3. Luck  or  more  precisely  being  in  the   right  place  at  the  right  Fme  has  played   a  significant  part  in  this  success
  • 4. As  the  world  has  got  flaJer  the   benefits  of  publishing  an  internaFonal   current  affairs  Ftle  in  English  have   increased
  • 5. Mass  intelligence  has  emerged  as  a   global  mega-­‐trend  and  as  a  result   people  are  smartening  up  rather  than   dumbing  down
  • 6. And  paradoxically  the  rise  of  social   media  has  made  intelligent  analysis   from  trusted  sources  more  not  less   valuable
  • 7. And  paradoxically  the  rise  of  social   media  has  made  intelligent  analysis   from  trusted  sources  more  not  less   valuable Source:  Pew  Research  Center’s  Project  for  Excellence  in  Journalism  in  collabora<on  with  The  Economist  Group
  • 8. But  to  maximise  the  benefits  of  our   good  fortune  we  have  had  to   constantly  adapt  our  business  to  the   changing  needs  of  our  readers
  • 9. The  Internet  hasn’t  changed  the  fact   that  people  pay  for  what  they  value   and  value  what  they  pay  for
  • 10. However,  in  an  increasingly  digital   world  people  value,  and  therefore   pay  for,  the  consumpFon  experience   not  just  the  content
  • 11. There  isn’t  just  one  single  homogenous   digital  content  experience  but  a  series   of  them
  • 12. There  isn’t  just  one  single  homogenous   digital  content  experience  but  a  series   of  them
  • 13. Digital  distribuFon  creates  new   sources  of  value  by  offering  customers   greater  choice  between  these   experiences
  • 14. We  are  experiencing  a  shiS  from  single   channel  to  mulFchannel  not  the  death   of  print
  • 15. We  are  experiencing  a  shiS  from  single   channel  to  mulFchannel  not  the  death   of  print
  • 16. Nevertheless  new  digital  plaTorms   provide  the  opportunity  to  establish   valuable  new  media  consumpFon   habits  
  • 17. These  new  media  consumpFon  habits   are  changing  the  symbioFc  relaFonship   between  media  and  markeFng  creaFng   different  adverFsing  opportuniFes
  • 18. To  harness  these  new  adverFsing   opportuniFes  we  need  to  think  less   like  media  owners  and  more  like   plaTorm  owners
  • 19. In  fact  the  biggest  opportuniFes  going   forward  are  likely  to  come  when  we   stop  thinking  like  newspapers  or   magazines
  • 20. In  fact  the  biggest  opportuniFes  going   forward  are  likely  to  come  when  we   stop  thinking  like  newspapers  or   magazines
  • 21. Nick  Blunden  |  Global  Digital  Publisher  |  @nickblunden The  Economist:  The  New  Way