June 25, 2015
New Revenue for News: 52 Business Ideas to Support Local Journalism
I recently spoke to CUNY’s Summer Entrepreneurial Journalism Training about alternative revenue streams and business models for news. Below is a list of 52 revenue strategies to support local news, with links to newsrooms that are using them.
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My full slides are available here and include key questions you should ask yourself for each of the categories below.
Advertising
- Banners and Boxes (locally sold, network/programmatic, etc…) — The Batavian
- Directories — Technical.ly, Red Bank Green
- Content Recommendations — Outbrain
- Sponsorships — Greensboro News and Record, Wired and Slate
- Underwriting — VT Digger
- Native ads — custom or automated
Events
- Industry (professional conferences) — Mashable, Recode
- Ideas (multi-day idea festivals) — Texas Tribune, Atlantic
- Political (issue panels) — NJ Spotlight, Politico, Texas Tribune
- Social (happy hours, pingpong) — WNYC, Geekwire
- Lifestyle (wedding show) — Chattanooga Times Free Press
- Cultural (film, food, etc) — Morristown Green, WBEZ, Sheepshead Bites
- Gala/Awards (Banquets) — Technical.ly, MinnPost
- Education/Training (classes) — Amherst Media, Brooklyn Based
- Travel — WFCR, The Nation
Newsletters
- Web content & Curation — VillageGreenNJ
- Niche content — ex. Dedicated food, event, or parenting newsletter
- Advertiser/Sponsor supported — Politico
Merchandise
- Shirts, posters, etc… — Richland Source, Techdirt
- Subscription Box — My Little Paris, New York Times, BespokePost
- Amazon Associate Links — Wirecutter, Brainpickings
- Daily Deals — BoingBoing
Memberships
- Membership Program —Berkeleyside, CrossCut, Voice of San Diego
- Loyalty Program — Charging Readers — The Bungalower
- Loyalty Program — Charging Advertisers — Brick City Live
Services
- Digital marketing and social consulting with local businesses — NJ Bites, Gannett
- SEO advice and consulting — StateCollege.com
- Marketing Partnerships — JSHN and JS inMotion
- Job boards and networking — technical.ly
- Photography or Video services — Morristown Green
Side Businesses
- Web design firm — Heidi Heleniak
- Communications strategy and consulting — Deb Smith
- Coffee Shop that subsidizes a newsroom
- Co-working Space — Civic Hall/Civicist
- Financial Advice — Times of London
Print + Digital
- Magazines — LoDown
- Monthly Newspaper — NBToday
- Local Guides (food, outdoor, etc…) — Watershed Post
Premium Content
- Research (Industry and Issue) — NJ Spotlight, Skift, Economist
- Archives — especially creative uses of archives (WNYC, NPR)
- Apps — Radiolab, This American Life
Paywalls
- Hard or Metered — Franklin Reporter and Advocate
- Micropayments — Winnipeg Free Press, Blendle
- Google Surveys — Columbia Missourian, others
E-Books
- Exclusive editions (new content only available) — Forbes,
- Packaging older content — New York Times, ProPublica
Philanthropy
- Donations — MinnPost
- Crowdfunding — New Brunswick Today, The Lo Down
- Foundations — Tips from INN
For even more discussion of business models don’t miss:
Sources of subsidy in the production of news: a list. By Jay Rosen
76 Ways to Make Money in Digital Media. By David Plotz
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