Newspaper video: Time to reconsider your video strategy?
Engagement with HTML5 by publishers means that the idea of cross platform (web, tablet etc) video becomes a reality. The recent announcement by FT that they were moving away from the apple fold to deliver their apps from a web base shows a certain maturity in that area. It may not be universal but those publishers who engaged with apps with half an eye to html5 and associated tech are starting to see the benefit. They also have an exit route from Apple’s walled garden.
The announcement that the WSJ is upping it’s online video would, on the surface, seem to be a simple illustration of the point. But theres a bit more to it:
The Journal has expanded its video content in spite of its contract with CNBC, the leading business news network on television, and in spite of the fact that The Journal’s parent has its own business network, Fox Business. The CNBC contract expires in about 15 months, but already Journal reporters tend to appear more often on Fox than on CNBC.
The shifting approaches of print in particular to the challenge of keeping your voice in a spreading market, often rests on the idea of impartiality. An alignment to Fox is as blunt a move to prove the point as you can get. But if you want to establish a ‘voice’ then video can be a key part of that changing ‘brand’.
But there is also a shift on the other side of that relationship. There is a very clear by broadcasters towards product and not a service focus. That will leave a gap that print will have to backfill. Yes there is a big investment in online delivery services but the commercial driver is very much a product proposition. Most of the large broadcasters are seeing a real benefit in exclusive and value-added programming online. The ‘watch again’ of the iplayer-like channels, the webisodes and web exclusive episodes are all examples of how broadcast has ‘finally’ found its feet online.
I think that news is low on the agenda in a broadcasters strategy. For broadcasters, news is very much a service. It’s often something they have to do as a requirement to a license or a sop to public service. It’s easier to advertise around the x-factor than it is news at ten and that’s where the money will go. Non-broadcast providers will pay the price for that.
**If you buy in your video from a third party, expect the prices to go up and the quality, range and relevance to go down. **
Here in the UK, we also have the looming Spector of localTV. There is obviously a new market to explore there. I’m skeptical about the range, depth and return that market will have for journalism but, hey, it never hurts to consider it.
So video gives you a good opportunity to extend your identity and cut free those ties with an increasingly newsless broadcast sector. Just invest a little in understanding the technology underlying the new platforms.In the long run it might be a better investment than simply paying to be on those platforms.