MAL 35:20 MAL35 | Page 86

This could be attributed to the economic performance of the local economy as this a luxury item. Streaming services enabled by smart TV sets are here with us but based on the uptake of the pay-TV it may not necessarily shake up the local TV media scene substantively. The high cost of internet and low penetration could prove a hindrance - however, with a growing middle class in Kenya the potential is huge. In 2020 and beyond, there are market niches that are yet to be fully tapped and any media industry willing to put the right resources can still get handsome Return on Investment (ROI). Online Media Reach and Usage Did you know that out of the 24.7 million Kenyans aged 15 years and above 19 million consume media every week? However, only a paltry 33% consume media through new media also synonymous with online channels. Online channels are many but they include; YouTube, social media, podcasts, streaming sites, websites, and blogs. This points to the fact that people in Kenya have greater or easy access to traditional means of media such as newspapers, TV stations, radio stations, and magazines. This also does not negate the fact that new media will not change the traditional way of doing business. To bring things into perspective more traditional media houses in Kenya have Streaming services enabled by smart TV sets are here with us but based on the up- take of the pay-TV it may not necessari- ly shake up the local TV media scene sub- stantively. The high cost of internet and low penetration could prove a hindrance - however, with a growing middle class in Kenya the potential is huge. laid off staff as the business environment changes. Most recently in October 2019 media max employees were laid off affecting K24 TV and sister stations Kameme TV and Kameme FM. Though not fully attributed to new media, online media has created new threats and opportunities in equal measure. A recently conducted survey by USIU (United States International University) revealed that 88.5% of Kenyans use Facebook and 88.6 Kenyans use WhatsApp for either acquiring information, entertainment, and social interactions and more than 66% Kenyans have participated in online debates using social media. In Kenya, we have over 300 online sites and applications that provide news and entertainment. These sites transcend niches that are not fully covered by the traditional and regulated media. Websites such as Mpasho, Tuko, Kahawa Tungu are some of the popular blogs that Kenyans go-to for gossip, rumors and other informal conversations that may not find their way into mainstream media. Despite an impressive mobile subscription of 83% Kenya still ranks dismally for 4G internet coverage. It is estimated that less than 50% of Kenyan landmass is covered by the network majority being in urban centers. New media or online media reaches the masses through social media as independently they cannot reach a huge audience. Therefore Facebook, Twitter, WhatsApp, Instagram, and other social media platforms play a vital role in promoting the content in these media platforms. Newspapers and Magazines Newspapers and magazines provide a unique and in-depth look at news, events, and happenings around us. They provide rich text and pictorial presentation of stories and helps in decoding information in depth, slowly, and systematically. For very urgent news and stories, they may not form the best alternative to reach out to the people. During rainy season news of roads to avoid cannot effectively reach the audience through the newspaper, however, an in-depth analysis of the situation can be made as a follow-up story in the following day dailies. As at the beginning of this year there were 44 newspapers and more than 62 magazines. Approximately 4.4 million people read Daily nation every day followed by the Standard with a readership of 2.2 million people. This represents a 40% and 20% share respectively the rest being shared among other publications such as the people daily, Taifa Leo, and Business Daily among others. It is interesting to note that 40% of readers in Central province prefer Daily Nation to The Standard while a small percentage of 84 MAL35/20 ISSUE