Last Friday I disputed Joshua Benton’s reporting in Nieman Lab on the extent of the decline in paid circulation at USA Today, owned by Gannett. Now Gannett has asked for a correction. I’m sure Gannett would take issue with my reporting as well; as I noted in an update, both Benton and I may have been led astray by the lack of transparency with which Gannett reports its numbers.
In fact, there’s a statement within Gannett’s request for a correction that is just pure gold regarding the circulation figures that it reports to the Alliance for Audited Media: “AAM data is used to help advertisers understand publisher reach in specific markets, not to infer readership or paid circulation.” Huh?
Surely it is news to many of us that terms such as “print readership,” “print and digital readership” and “circulation” ought to be defined by something other than their plain English meaning. In my earlier post, I concluded that it is impossible to know what Gannett’s publicly reported numbers mean. This only confirms it.
Update: Trying to write about Gannett and accurate numbers simply isn’t possible. One reader notes that USA Today didn’t start offering digital subscriptions until 2021 — and yet Gannett was reporting paid (or unpaid?) digital for USA Today to the Alliance for Audited Media starting at least in 2012. So how is that possible? Another reader hints at an answer — if you subscribe to any Gannett paper, or maybe just any Gannett daily, you get a subscription to USA Today included. Or you used to. Maybe that changed after USA Today’s paywall went up.
So it could be that USA Today’s paid circulation was far lower in 2018 than what it reported to AAN — not the 2,632,392 that Joshua Benton used, and not the 1,584,462 that I used. Instead, maybe what we ought to look at is the 631,076 print figure. And since USA Today seemed to be selling an e-paper option as well, that would bring total paid circulation in 2018 to 654,743.
Now let’s go for an apples-to-apples comparison. The 156,453 that Benton reported for USA Today’s current paid circulation is the total of print and replica. That’s a nausea-inducing decline of 76% over the four-year period, but that’s still not nearly as much as the 93% Benton’s numbers showed. It’s also a lot worse than the 33% estimate that I offered.
But wait! USA Today has been selling paid nonreplica digital subscriptions for nearly two years now. How many? As I explained, Gannett stopped reporting that figure a while back, so we don’t know. Surely it’s not the “zero” that Gannett claims on its most recent report to AAN. (It should at least be one; I mean, I bought one.) We simply can’t know how by how much USA Today’s paid circulation has declined without knowing that important figure, or whether subscriptions to other Gannett papers are included. Without access to Gannett’s internal numbers and insight into exactly what they mean, it’s an unsolveable mess.
Earlier: Did USA Today’s paid circulation drop by 93% between 2018 and 2022? The near-certain answer to that is no — yet that’s the astonishing claim that Joshua Benton makes at Nieman Lab. I knew there was a problem with his numbers as soon as I saw them, mainly because I recently put some effort into figuring out how USA Today’s corporate owner, Gannett, compiles its circulation figures. So let’s dive in.
Benton reports that USA Today’s paid circulation in the third quarter of 2018 was 2,632,392 and then fell in the third quarter of 2022 to just 180,381. That’s a staggering loss of 2,452,011, or 93%. But as I’ll show, much of that apparent loss is the result of a change in the way Gannett reports its paid digital circulation to the Alliance for Audited Media.
What I was able to dig up at AAN uses slightly different time periods compared to what Benton found. I’m going to use all of 2018 rather than the third quarter because the latter wasn’t available when I looked. But it should tell the same tale. It shows that the average weekday circulation that year was 2,708,983, which is in the same ballpark as what Benton reported. A lot of that, though, consists of “affiliated publications” such as Local/Life and Sports Weekly. The circulation of the paper alone was 1,584,462. Now, pay attention to the following breakdown, because it will prove important:
Print: 631,076
Digital replica: 23,667
Digital nonreplica: 929,719
“Digital nonreplica” is the term for digital subscribers who access the website but don’t bother with the e-paper. As you can see, it comprises the vast majority of digital subscriptions — and, at some point, Gannett simply stopped reporting that number.
Now let’s look at the third quarter of 2022. Paid weekday circulation is reported as 180,381 at the top level at ANN (the figure Benton used) or 156,453, which is the number that pops up at AAN if you click through. That latter number comprises 132,176 for print and 24,277 for digital replica (the 156,453 figure, which I didn’t immediately grasp) — and zero for digital nonreplica. So, yes, print circulation is down by a stunning 79%, which may have more than a little to do with the COVID-19 pandemic. USA Today, after all, was a staple of hotels for many years. But digital replica is up slightly. And digital nonreplica simply isn’t being reported.
I encountered this recently when I was analyzing some numbers for Gannett’s Burlington Free Press in northern Vermont. I discovered that, not only had Gannett stopped reporting digital nonreplica, but that — according to confidential internal reports I had obtained — it was underreporting its total paid digital circulation by about half.
Gannett is trying very hard to sell digital subscriptions for its incredible shrinking news outlets. Keep in mind, too, that people don’t buy subscriptions to the replica edition — they buy digital subscriptions, period, and the papers themselves report how many readers are accessing the e-paper so they can tout that number to advertisers. (AAN recently explained all of this to me. As you’ll see, it’s pretty complicated.) In other word, Gannett is telling AAN how many subscribers are accessing the e-paper, but they’re keeping total digital circulation to themselves.
Now, I’m going to take a leap here and assume that USA Today’s total digital circulation was the same in 2022 as it was in 2018, or maybe even a little higher. I base that on several factors: digital circulation was up at all of Gannett’s New England properties, according to the confidential report I mentioned; USA Today’s digital replica circulation was up slightly; and Gannett has been pushing digital subscriptions hard. I even signed up for one, and it was a great deal — with a little fiddling, I can use it to access every Gannett paper in the country. Of course, there’s little in them.
With all that in mind, I came up with a guesstimate that USA Today’s paid circulation in the third quarter of 2022 was about 1,056,000. I’m building in a nonreplica figure of 900,000, a decline (as I said, unlikely) compared to 2018. Put all that together, and using a 2018 circulation figure of 1,584,462 (that is, not counting “affiliated publications”), and I come up with a drop of 33% between 2018 and 2022. Now, that’s still a lot — but it’s also in line with a lot of non-Gannett papers that Benton used for comparison.
Everything else Benton says about Gannett is right on target. The company has decimated its papers, is closing them and selling them off, and generally appears to be squeezing out the last few drops of revenue they can muster before people like top executive Mike Reed, the $7.7 million man, walk away. It’s an outrage, and we really can’t call attention to it often enough.
But the crazy circulation drop at USA Today and other Gannett dailies is more a function of Gannett’s decision to stop reporting paid digital nonreplica subscriptions than it is an actual measurement of readers fleeing for the exits.
As I wrote last week, the matter of how the Alliance for Audited Media counts paid digital subscriptions is something that has confused me for a long time. In September 2021, I sent an email to Erin Boudreau, AAM’s senior marketing manager in which I asked her some of the questions that I asked here. She responded with links to two fact sheets (here and here), neither of which struck me as especially helpful.
Because of that, I wrote last week’s item without checking in with AAM again. I immediately heard from Boudreau, but still without the information I was looking for. Now, I have no reason to believe that Boudreau was being deliberately obtuse, and I’m also aware that AAM is at the mercy of the newspapers that pay them. AAM’s job is to be accurate and rigorous, but they’re dependent on the data that publishers provide.
In any case, I decided to try again with Boudreau, asking her a series of specific questions expanding on what I asked her a year and a half ago.
The Burlington Free Press of Burlington, Vt. Photo (cc) 2019 by Dan Kennedy.
In reporting on the newspaper business, there are few matters more obscure or maddening than determining paid digital circulation. My example for this morning is the Burlington Free Press, a Gannett-owned daily that, I wrote recently, will soon be printed in either Auburn, Massachusetts, Worcester or Providence, hours away from its home base in northern Vermont.
The change is the result of the giant newspaper chain’s decision to shut its printing plant in Portsmouth, New Hampshire, which will affect several other papers as well. Gannett’s standard defense of moves like this is that they’re shifting to digital, so print doesn’t matter that much. But as I observed at the time, the Free Press sells more than twice as many print papers as it does digital subscriptions.
My item prompted someone to send me a “confidential and internal” Gannett circulation report.
Every time I open a window, in floats another end-of-the-year memo from a Boston Globe Media executive. This one is from Tom Brown, vice president for consumer revenue, who reports that the Globe’s digital-only subscriptions now stand at 226,000 — a remarkable accomplishment given that the Globe was at just 95,000 in mid-2019.
For those of you who keep telling me that the Globe is going to drop its print edition, let me call your attention to this observation by Brown: “The print paper remains at the core of what we do and at 55% of consumer revenue, the largest component of revenue.”
That’s true even though print circulation according to the most recent report filed with the Alliance for Audited Media was just 128,000 on Sundays and about 73,000 on weekdays. The Globe, like other newspapers, will shut down its printing presses once costs exceed revenues — but not a moment before.
Also, I thought it was interesting that the Globe’s paid digital circulation kept rising this year even as overall traffic shrank following the end of the Trump era. (It’s over, right? Please tell me it’s over.)
“We had a strong start in 2021, but in the post-election/post-inauguration spring news audiences around the country began to wane,” Brown wrote. “We saw about a 25% decline in our non-subscriber audience during this period — something that was widely seen throughout the industry, yet our overall subscriber numbers grew modestly.”
The full text of Brown’s memo follows.
Dear Colleagues,
The past two and a half years have been a period of exceptional subscriber growth at the Globe. In mid-2019, we were thrilled to have the leading digital subscription business among major metros with 95,000 digital-only subscribers. From the launch of Globe.com in the fall of 2011, it took us over 7 years to get to that number of digital-only subs. It took less than a year to more than double that number as we continued to refine, invest, and innovate to develop the sophisticated approach that we have today.
This note is intended to share an update of how we have evolved since that time and what the current state of our subscription business looks like.
The consumer team has disciplines in:
Analytics
Testing
Pricing
Database/campaign management
Email operations
Customer insights and market research
We work with so many of you across the organization on a wide array of projects. Our main focus is growing subscriptions and related revenue. Our team is in service of the incredible journalism that is created here every day. We feel a responsibility to recommend and enact strategies that help to continually attract new subscribers and retain existing subscribers. We focus on analytical techniques and approaches that can improve our ability to draw in, acquire, engage, retain and maximize yield of subscribers. We believe in the rigorous testing of new ideas and letting the data and analytics guide us as we refine our approach.
A Brief history – mid 2019
With support and guidance from leadership we set out to accelerate the growth of our digital subscription business. After a period of testing that began in the fall of 2018, we embarked on a major shift in our acquisition strategy in mid-2019. Encouraged by the early results of the testing we switched the core introductory offer (the offer most commonly seen on the paywall and in email). The rigorous outreach, tracking, sampling, and testing combined with our consistently excellent journalism led to our acquisition rate increasing by more than 500% and remarkably, engagement increased and the retention rate stayed the same. This propelled a sharp increase in subscribers beginning in the summer of 2019 — we passed the 100,000 subscriber mark in mid-June 2019! As 2019 continued, so did the strong results, and we felt more encouraged with each passing week that we had tapped into a new audience that saw great value in a Globe subscription once they had a chance to spend time with our content.
The effect of the pandemic on subscriptions
As the pandemic began in March 2020, we became even more relevant to our subscribers and to new readers. Many of the subscribers already acquired on the new offer were moving off their introductory rate in the early days of the pandemic, which caused an increase in retention. At the same time we were acquiring new subscribers at a record pace. Going into 2020, we planned for a record year with growth to 178,000 subscribers by the end of the year. This goal was surpassed in early April. By early May we had over 200,000 digital only subscribers. While it took over 7 years to grow to 100,000 we had added the next 100,000 in less than one year!
Earlier in 2021
We had a strong start in 2021, but in the post-election / post-inauguration spring news audiences around the country began to wane. We saw about a 25% decline in our non-subscriber audience during this period — something that was widely seen throughout the industry, yet our overall subscriber numbers grew modestly.
Where are we now — Q4 2021
Over the past 5+ months traffic has increased and so have subscriptions. We have reached a new all-time high of 226,000 digital-only subscribers.
We are a leader among U.S. major metro newspapers and one of only a few that have surpassed 100,000 digital only subscribers. Our strategy is being widely adopted across the industry and we are proud to be innovators in this approach and thrilled that it is even possible thanks to the incredible journalism, investment across the company to consistently improve what we do, and the support of the entire organization.
New England is the core for digital subscribers, accounting for 76% of total subscribers, but there are subscribers in all 50 states and more than 3,000 international subscribers!
A sampling of what we have planned for 2022
Continue to monitor acquisition results and test other offers to make sure we are always following an approach that nets us the best results for the long term health of the business.
Testing of new acquisition approaches and getting more dynamic with our subscription offering.
Working with the Product Development and Engineering teams to implement new tests and a redesigned checkout flow.
Taking a data driven approach to increasing engagement and retention through a series of initiatives designed to address churn both proactively and reactively — working closely with Marketing and Customer Service.
Home Delivery
The print paper remains at the core of what we do and at 55% of consumer revenue, the largest component of revenue. While print subscriber volume has declined as more people choose a digital option, we still have a dedicated base of home delivery subscribers. We are continuing to invest in Home Delivery acquisition and will increase that investment in 2022. Our Home delivery subscribers consist of a very loyal base with an average tenure of over 20 years! We continue to use analytics to make sure we can deliver the best experience possible to every subscriber.
Print newsstand sales
Another important piece of the consumer business is the revenue generated from sales of single copies on the newsstand. The single copy business was hit hard at the beginning of the pandemic as the foot traffic to stores, especially in the city of Boston, collapsed suddenly. 2021 has been a bounce back year though and sales have remained relatively flat year over year since the spring, indicating that there is still a consistent demand for print single copy.
I hope this gave you a good glimpse into our consumer business. Please feel free to reach out with any thoughts or questions to any of us on this entrepreneurial consumer team.
The Boston Globe’s strategy of focusing on digital subscriptions is paying off, according to the latest figures from the Alliance for Audited Media. For the six-month period ending on March 31 of this year, the Globe’s paid weekday circulation was 331,482, up 81,201, or 32%, over the same period a year earlier. On Sundays, the Globe’s paid circulation was 387,312, up 73,347, or 23%.
The increase came despite the continued shrinkage of the print edition. Weekday print was 77,679, a decline of 16%. Sunday print is 135,696, down nearly 15%. Paid digital now accounts for nearly 77% of the Globe’s circulation on weekdays and 65% on Sundays — numbers that no doubt had a lot to do with the hunger for local and regional news during the COVID-19 pandemic.
The numbers were not nearly as rosy at the Boston Herald, which has been gutted by its hedge-fund owner, Alden Global Capital. Paid weekday circulation, print and digital, is now 56,791, a decline of 9,686, or more than 14%. Sunday circulation is 58,461, down 14%. Digital is essentially flat, with nearly all of the decrease coming from the Herald’s fading print product. The Herald today sells an average of 22,032 print papers every weekday and 25,892 on Sundays.
The new circulation figures at the Globe and the Herald come amid a massive decline in print circulation nationwide. According to the Press Gazette, a British website that covers the news business, print circulation of the top 25 U.S. dailies fell from 4.2 million to 3.4 million over the past year, a decline of 20%.
Especially harrowing was USA Today, which lost 303,000, or 62%. As we all know, the paper is highly dependent on hotel distribution, which took a massive hit during the pandemic. Gannett recently announced that some of USA Today’s content would move behind a paywall.
Correction: I botched one of the numbers and have updated this post.
CommonWealth Magazine editor Bruce Mohl reports that The Boston Globe is about to increase its digital-only subscription rate by 74 percent — from $3.99 to $6.93 a week, or about $1 a day.
As I told Bruce for a follow-up, it’s a bold move — maybe too bold. The Globe has had a lot of success with paid digital subscriptions, having sold around 78,000 of them as of last September, according to the Alliance for Audited Media. The AAM does a lot of double- and even triple-counting of digital (the Globe itself claims a more modest 65,000, according to Mohl’s article), but that’s still an impressive number.
I’m sure some subscribers will walk away rather than pay the higher fee, but probably not too many. If you’re paying to read the Globe, it’s most likely because you are a committed Globe reader of long standing. To invoke the old cliché, $1 is considerably less than the cost of a cup of coffee. Still, some will cancel:
Newspaper companies charge for content at their peril. News executives may chafe at giving away their journalism, but members of their audience don’t feel like they’re getting anything for free — not after paying hundreds of dollars a month for broadband, cell service and their various digital devices.
@dankennedy_nu Just tried to cancel my account. @BostonGlobe offered to continue current price another 16 weeks.
Interestingly, while the Globe itself is becoming more expensive, John Henry and company are also making some big bets on free with sites like Crux, BetaBoston, Boston.com and the forthcoming life-sciences vertical, which will be called Stat according to several employment listings I’ve seen.
I wish the Globe success as its executives try to figure out how to pay for journalism in the 21st century. But at this point I think it would be wiser to focus on building their subscriber base than trying to squeeze more out of their existing customers.
If you’re going to make an audacious bet on the future of newspapers, as Aaron Kushner did with the Orange County Register, then it stands to reason that you should have enough money in the bank to be able to wait and see how it plays out.
Kushner, unfortunately, is now slashing costs at his newspapers almost as quickly as he built them up. On Tuesday, Kushner announced that Register employees would be required to take unpaid two-week furloughs during June and July. Other cuts were announced as well. The most significant: buyouts for up to 100 employees; and one of Kushner’s startup dailies, the Long Beach Register, will more or less be folded into another, the Los Angeles Register.
Those cuts follow the elimination of some 70 jobs at the OC Register and the Press-Enterprise of Riverside in January — cuts that came not long after a year when Kushner’s papers, in a celebrated hiring spree, added 170 jobs.
Is it time to push the panic button? The estimable Ken Doctor, writing for the Nieman Journalism Lab, says yes, arguing that the latest round of cuts raise “new questions about its very viability in the year ahead.” Doctor may be right. But as I wrote at The Huffington Post earlier this year, I hope Doctor is wrong, given the promise of Kushner’s early moves.
In 2013 Kushner and his business partner, Eric Spitz, were the toast of the newspaper industry. In the Columbia Journalism Review, Ryan Chittum hailed their print-centric approach and hypothesized that being able to scoop up the Register debt-free might enable them to succeed where others — including Tribune Co. and the Journal Register Co. — had failed. “Kushner,” Chittum wrote, “had the benefit of buying Register parent Freedom Communications out of bankruptcy — after newspaper valuations had already fallen 90 percent in some cases.”
Spitz, in a cocksure interview last October with Lauren Indvik of Mashable, mocked his competitors for giving their journalism away online, insisting that he and Kushner had a better idea.
“The key decisions they made — and they were the worst decisions anyone has made in my memory — they made 20 years or so ago. They took their core product, the news, and priced it at free,” Spitz told Indvik, adding: “I think 20 years later the amount of revenue you can derive from advertising is less than they thought. But the bigger problem they created is telling your customer that your product has no value.”
Unfortunately for Spitz and Kushner, there are few signs that their strategy of pumping up their print editions (even improving the paper stock) while walling off their digital content behind relatively inflexible paywalls has paid off.
According to the Alliance for Audited Media, paid circulation at the Orange County Register for the six months ending Sept. 30, 2011, before Kushner and Spitz took charge, averaged 283,997 on Sundays and 172,942 Monday through Saturday. The sale took place in July 2012. That September, paid circulation actually rose, to 301,576 on Sundays and 175,851 the rest of the week. But in September 2013 it dropped below pre-Kushner levels, to 274,737 on Sundays and 162,894 the other six days. (I am excluding what AAM refers to as “branded editions” — mainly regional weeklies published by the Register. The numbers combine print and paid digital circulation, which, in the case of the Register, is negligible.)
Kushner is a Boston-area native who made his money in the greeting-card business. Before his move to Southern California, he tried to buy The Boston Globe and, later, nearly closed a deal to purchase the Portland Press Herald of Maine. So it’s interesting to note that Red Sox principal owner John Henry, who eventually won the sweepstakes for the Globe, has taken a very different approach from Kushner, sinking money into an online-only vertical covering innovation and technology as well as repositioning the paper’s venerable free Boston.com site as a “younger, voicier, edgier” complement to the Globe. Soon the Globe is expected to unveil an ambitious website covering the Catholic Church in the hopes of attracting a national and international audience.
Perhaps the most important difference between Henry and Kushner, though, is the depth of their pockets. There are limits to Kushner’s wealth, and those limits are becoming apparent as he attempts to make his newspaper mini-empire profitable. Henry, a billionaire investor, can afford to take the long view. In that respect, he is more like Amazon.com founder Jeff Bezos, who announced that he would buy the Washington Post just days after Henry said he would acquire the Globe.
Ryan Chittum, in his CJR piece, called Kushner’s approach “the most interesting — and important — experiment in journalism right now.” It would be easy and facile to make too much of Kushner’s woes. He may simply have gotten ahead of himself, and is now buying the time he needs to make sense of what he is building. Then again, if Ken Doctor is right, the end of this particular newspaper story may be in sight.
Jon Chesto of the Boston Business Journal takes on a subject that I tackled recently: trying to make sense of The Boston Globe’s paid circulation figures at a time when no one seems to know how to count print and digital sales.
As Chesto and a number of us have observed, the Alliance for Audited Media (AAM), whose numbers are considered to be the industry standard, has gotten carried away with digital subscriptions, allowing the Globe and other newspapers to count some subscribers two or even three times. Chesto writes:
This potential for discrepancies and confusion is one reason why the AAM board, which oversees how newspaper circulations are reported to advertisers, is weighing whether to tighten its rules.
It’s hard these days to get a precise number for unique paying subscribers, a figure that AAM was generally able to provide, back when it was known as the Audit Bureau of Circulations, and readership was essentially measured by the number of copies sold.
There’s no question we need a standard that everyone can agree on and that makes sense. Paid digital has enabled the Globe to improve its circulation numbers, and that’s fine. But the AAM system is so out of whack that it’s in danger of not being taken seriously.
How many digital subscriptions has The Boston Globe sold? According to Globe spokeswoman Ellen Clegg, there were 45,971 “digital-only subscribers” in September — an increase of nearly 80 percent over the 25,557 who had signed up a year earlier.
That sounds impressive. But it’s a pittance compared to the numbers compiled by the Alliance for Audited Media (AAM), which recently released a report claiming the Globe had an average of 86,566 digital readers for its Monday-through-Friday editions for the six-month period ending Sept. 30.
The difference is in how you count digital subscriptions. I’ve written about this before, but the AAM’s methodology is becoming increasingly controversial, as some readers are being double- or even triple-counted.
Here’s how it works. As Clegg says, the number reported by the Globe represents only customers who have signed up for paid online access through the BostonGlobe.com website, the iPhone app, the ePaper replica edition or an edition for e-readers like the Kindle.
If anything, that methodology undercounts digital readership. For instance, we pay for home delivery of the Sunday paper, which entitles us to digital access at no extra charge — and that’s how we read the Globe Monday through Saturday. Yet according to Clegg, because we have not specifically purchased a digital edition we are counted as Sunday-only print subscribers.
By contrast, under the AAM methodology you could sign up for seven-day home delivery of the print edition — and if you also regularly log on to BostonGlobe.com at work, you’d count as a digital subscriber as well. If you download and use the Globe iPhone app to check the headlines while waiting for the subway, well, there’s a good chance you’ll be counted again. Joshua Benton of the Nieman Journalism Lab recently broke it down:
AAM wrote a blog post in May explaining that a paying print subscriber at a paywalled newspaper can actually count as two “subscriptions” if publishers provide proof that the subscriber activated their username and password for digital. And there’s no reason to stop at two: “each digital platform,” like an iPhone app, can count as its own sub too.
And in a considerable understatement, Poynter’s Andrew Beaujon — noting that the AAM methodology allowed USA Today to claim a 67 percent increase in paid circulation — wrote that “the new figures make many comparisons challenging.”
The good news for the Globe is that paid circulation more or less held its own during past year even if you use the paper’s own understated figures. From September 2012 to September 2013, print circulation of the Monday-through-Friday edition fell from 180,919 to 166,807, according to the AAM. On Sundays it fell from 323,345 to 297,493.
But when you factor in digital-only subscriptions, the Globe had a paid Monday-through-Friday circulation of 212,778 this September, up from 206,476 a year ago — an increase of 3 percent. On Sundays, total paid circulation declined from 348,902 to 343,464, or about 1.5 percent.
The picture looks considerably brighter if you use the AAM’s figures. By those measures, Monday-through-Friday paid circulation at the Globe rose from 230,351 to 253,373, an increase of about 10 percent. Sunday circulation rose from 372,541 to 384,931, or 3.3 percent.
What is the most accurate measure? The AAM figures may be exaggerated, but it’s also clear that the Globe’s measurements undercount paid subscribers — especially Sunday-only print customers who read the paper online during the rest of the week.
My best estimate is that paid circulation at the Globe is stable or growing slightly. And though digital advertising is not nearly as lucrative as its print counterpart, the far lower costs of digital publishing should help John Henry and company offset the loss in ad revenue.
Certainly Boston Herald publisher Pat Purcell must be looking closely at the Globe’s strategy. According to the AAM, paid circulation of the Monday-through-Friday Herald dropped by 9 percent, to 88,052, over the past year. The Sunday edition fell by 7.5 percent, to 71,918.
Because of that, I wrote last week’s item without checking in with AAM again. I immediately heard from Boudreau, but still without the information I was looking for. Now, I have no reason to believe that Boudreau was being deliberately obtuse, and I’m also aware that AAM is at the mercy of the newspapers that pay them. AAM’s job is to be accurate and rigorous, but they’re dependent on the data that publishers provide.
Media Nation 