Writers Tricks of the Trade Issue 3 Volume 9 | Page 46

NEWS MOST PUBLISHERS ARE NOT SUCCEEDING WITH SUBSCRIPTIONS Research suggests they may not be trying (hard enough) Reuters’ Digital News Report 2019 states, “News organizations are increasingly looking to subscription and membership or other forms of reader contribution to pay the bills in a so- called ‘pivot to paid’.” E ven though early 2019 reports predict- ed over 50% of news publishers pro- jected subscriptions as their main rev- enue focus for the year ahead, it doesn’t F ALL 2019 seem that optimism went exactly according to plan. Digiday Research conducted a survey that indicated publishers are running into a number of obstacles in their subscription efforts. A whopping 63% of publishers sur- veyed faced a huge challenge in converting free audiences to paid subscribers. It certainly isn’t easy to convince read- ers who previously read content free to pay for it. The concept of paying for news on the web literally turns it into a commodity. FIPP’s 2019 Global Digital Subscription Snapshot Report gives an overview of pub- lishers who have tackled the challenge and been successful in growing their digital subscriptions into a significant revenue P AGE 42 W RITERS ’ T RICKS OF THE T RADE