For the past number of weeks the Sunday Business Post has delayed publication of its online edition until 6pm each Sunday evening. Other than a brief statement on the front page of the website stating “The online edition of the Sunday Business Post now uploads at 6pm on Sunday” no explanation is given to readers for the change in policy.
The independent ABC-audited circulation figures for newspapers in Ireland are released each half year. The most recent average circulation figures for the Post released for the six months ending December 2008 (54,993) show a decline in circulation of 1.7% on the previous six months (55,971). Furthermore, circulation figures for the months of October (60,394), November (57,872) and December (56,407) show a continuous downward movement for the paper.
Meanwhile, in the period January to March 2009, traffic to the Post’s online edition rose sharply as can be seen from the trend graph taken from Alexa.com, an independent source of information on website performance worldwide:
The Post is well aware of the economics of running a newspaper business. Given the amount of coverage within its pages in the past while on the turmoil that this business is in with falling advertising spend (here, here, here and another one today for which the link will not be available until 6pm) it is clear that the editorial team places the blame squarely on the Internet for falling circulation figures. Online advertising revenues pale in comparison to the revenues newspapers have seen over the past number of years from printed advertising.
The Post has clearly taken the approach of delaying publication online until Sunday evening, in the hope that the growing numbers of its readers who were switching to the free online edition would switch back to the paid-for print edition.
There are other approaches that newspaper can take. Journalist Mark Coughlan highlights on his blog how the Guardian newspaper in the UK is embracing its online readership by providing readers with comment facilities, live-blogging and multi-media news reports. According to an article in today’s Post, the Guardian’s website attracted 29.8 million unique users in January 2009 as compared with a print circulation of 350,000.
Perhaps our own Post’s current approach is precipitating a significant investment in their online that will be revealed later in the year? The writing is surely on the wall.