It seems that everywhere I go, I hear a lot of talk about the advantage
our newspapers have in that they have the strong, trusted brand in our
communities. But here's a story that is circulating in the industry that
turns the table on that belief.
A major newspaper recently conducted some focus groups to understand
consumer perceptions of its online entertainment content. The content
was very good, but usage was low. Consumers seemed to prefer to use
other entertainment guide/calendaring services from net-centric
companies.
One participant cut through the fog.
Why, he asked, would I go
to Pizza Hut when I want a chicken sandwich?
Strong brands are indeed an asset, but we can't lose sight of the fact
that they stand for something, and sometimes that something is
out of sync with demand. Tinkering with the "core product" may amount to
adding chicken sandwiches to a pizza menu.
Last week at the NAA Marketing Conference in Orlando,
Arizona Republic
VP
Karen Crotchfelt gave a compelling presentation about the company's
multiproduct "audience aggregation" strategy. Apparently publisher
John
Zidich gave a similar presentation in Paris. It's a tale of about a
dozen product lines, each carefully tuned to connect with a specific
segment in a market with tremendous geographic, ethnic, and age
diversity. By creating, acquiring, and heavily promoting new brands, the
Republic has built itself back into the market-dominating position
newspapers owned a generation ago.
And here's an interesting tidbit: the
Republic projects that by 2008,
the
AZCentral.com website will be the "core product" in terms of
connecting with an 18-39 audience. That's something to think about.
I don't get the trend to cram every square inch...