Encyclopedia Britannica and FHM to cease publication (images via Guardian and Mumbrella)
news reached mediation last week of two very different publications that are set to cease print publication. at first there may seen to be little in common between the 244 year-old Encyclopedia Britannica and FHM - but they are both, in their very different ways, equal victims of media natural selection.
if we have ever needed evidence of the extent of the change that is afoot in our industry, it comes in the form of the fates of these two very different titles, both of which are victims of the impact of the social web.
the fact is that wikinomics killed the print edition of EB. Wikipedia is the primary symptom, but the cause is a great deal deeper. EB print's demise is a result of the fact that all of us are smarter than any of us, and now we have the tools to manifest that collective knowledge.
talking to The Guardian, president of Encyclopedia Britannica Inc Jorge Cauz counters that "We may not be as big as Wikipedia. but we have a scholarly voice, an editorial process, and fact-based, well-written articles ... all of these things we believe are very, very important, and provide an alternative that we want to offer to as many people as possible". like many businesses, EB are looking to fight 'free', and win.
the same of which can probably be said for the demise of FHM in Australia. much debate has been had on the Mumbrella thread, with everything from product quality to porn to blame. but the fact is that FHM face a very similar battle to EB - they're fighting that fact that people are generating content, for free, that competes for the time and attention that men's magazines used to enjoy from readers.
in the magazine sector's case this is translating into very challenging times. the latest SMI figures (courtesy of Lucy) show that across all media, February '12 was pretty much flat YOY (+0.7%). whilst key growth areas for Feb were Cinema - up an astonishing 83% YOY (YTD it’s up 32%) - and Digital, which is up 29%. by comparison Newspapers and Mags are down 12% and 15% respectively.
in the we-fuelled revolution (the wevolution if you like) brands and businesses that don't quickly evolve are being taken down... in the same week that EB and FHM made their respective announcements; Twitter acquired Posterous, CNN was rumoured to be buying Mashable for upwards of US$200m, TED launched a education-based YouTube channel, LinkedIn hit 3m Australian members, The Australian announced that it has 30k paying digital subscribers and Hungry Jacks sold 485,332 burgers in a Scoopon deal that crashed the site, oh and a video called Kony 2012 became - with 100 million (yes that's right) hits in six days, the most viral in history.
blink and you miss it people, blink and you miss it.
here's the question: how is the wevolution affecting your brand and business? how prepared are you for the change that you may not yet have even seen coming? and how do you avoid the fate of EB and FHM?
Covering a story like never before: what 56 newspapers in 45 countries can teach brands about the art of collaboration and cooperation
so the long and winding road of global climate change discussion and debate has brought us to 7th December 2009, and the Copenhagen Climate Summit. the world's eyes and ears will converge on the gathering as political leaders meet to debate and, with luck, agree the principles of the collective action required to save us from ourselves. an army of bloggers, Twitterers and reporters will all be there to capture - for us and for future generations - how it all went down.
the unprecedented media coverage that is no doubt to come is preceded today by a global media first orchestrated by the Guardian in London. 56 major newspapers in 45 countries have today published an identical editorial piece. appearing in twenty different languages, the piece takes a single united message - the demanding of action - to a global audience. Guardian editor-in-chief Alan Rusbridger noted that "Newspapers have never done anything like this before - but they have never had to cover a story like this before"
collaboration on this scale is unprecedented, and difficult. as the Guardian puts it; "Given that newspapers are inherently rivalrous, proud and disputatious, viewing the world through very different national and political prisms, the prospect of getting a sizeable cross-section of them to sign up to a single text on such a momentous and divisive issue seemed like a long shot" ...but the long shot paid off and - with the very notable exceptions of the US and Australia aside - a united editorial piece is reaching a global audience, and its a good and powerful thing to see.
its a testament to what can be achieved when editors and publishers want to cooperate, made all the more potent at a time when much is being said about the waning power of the fourth estate. and it begs a big question for brands... where's the co-operation? campaign after campaign has been rolled out to the world demonstrating commitment to reduce this or eliminate that - all inherently communicating on brands' terms rather than on the terms of the agenda against which they are developing comms...
the climate change agenda is bigger than any single brand, and some hard-fought co-opertaion could be just the thing to bring some increasingly needed credibility and scale to their - well intentioned - efforts. and if the "rivalous, proud and disputatious" printing presses of the world can do it, then perhaps a group of enlightened, forward-thinking and pioneering brands can too. its something I'd like very much to see.
Posted by chris stephenson on Monday, 07 December 2009 at 17:04 | Permalink | Comments (0) | TrackBack (0)