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Take a look at the content on the guardian's site, for example. For each item of 'printed' news, there may be 10 items of UGC created.
If you only calculate value in readership terms you're missing 90% of the value.
Enjoyed the article, thanks.
I totally agree (see the section of the post talking about the elephant in the room) - it's not a case of newspapers splitting readerships between print and online - it's a case of that readership scattering to the digital (Computer and mobile) four winds to find whatever is the most appropriate way for them to keep up with life as individuals...
One of my favourite examples is the somewhat niche use of Greasmonkey as a plugin for Firefox to do all kinds of things to websites that the site owner is unlikely to ever know about (My post on it is called 'evidence of end user control')
Part of my current role is attempting to coordinate all the relevant channels and platforms from a marketing perspective...which is a fun challenge!
You are absolutely right about its flaws and I would also agree that the debate has moved on now. My interest in it came from a time when there was a question of allocation of resources for innovation and I was cautioning about sending all our smartest brightest people to work on websites whose audience was relatively small compared to the newspaper but seemed larger. We were feeding a sense that the internet had arrived as the future of newspapers becaiuse it was so huge and I was trying to force a valid comparative audience number from the oranges and apples that existed.
I also was cautioning against thinking that online revenue was going to pay for itself any time soon. That point has turned out to still be true and relevant two years later, which I'm very sad about.