INMA report – Where advertising goes next for news media

The New Abnormal of Media Advertising

By
IPP Desk
-
110
INMA
INMA Readers First Initiative

Where advertising is likely to go next after the extraordinary impact of the Covid-19 crisis is the focus of a new report released on 16 July 2020 by the International News Media Association (INMA). ‘The “New Abnormal” of Media Advertising’ mashes together long-term trends in advertising and the peculiar circumstances surrounding today’s pandemic-fed lockdowns to project forward on what the next 18 months look like for news media companies. Notably, the new report identifies advertising opportunities in the downturn.

Based largely on the recent INMA Virtual World Congress, the INMA report looks at recovery models and advertising forecasts, a platform-by-platform examination into what is expected to happen in advertising, and the challenges and opportunities that lie ahead for news publishers. Boston Consulting Group (BCG), Deloitte, and eMarketer are the featured forecasters.

New INMA report project advertising trends in light of the Covid-19 pandemic
New INMA report project advertising trends in light of the Covid-19 pandemic

Meanwhile, the 51-page INMA report shares advertising best practices from companies like Gannett, The Irish Times, Infoglobo, South China Morning Post, and Los Andes. Subjects range from partnerships to working with smaller businesses during the pandemic to team skills necessary to navigating the digital advertising landscape to thrive during the advertising transition.

Other subjects in the report include:
Compensations, quotas, focuses, and skills needed for salespeople.
Winners and losers in advertising categories.
Where advertising is headed with video, podcasts, television, mobile, and social media.
The role of trust and brand safety in advertising.

The impact of the pandemic 

Discussing the pandemic’s influence on consumer and advertiser mindsets, “The ‘New Abnormal of Media Advertising” concludes that the road map to overcoming shrinkage in advertising footprint is to super-size and prove value in the downturn. To be agile in advertising creativity, diversity advertising, and sponsorship streams, and build real relationships with advertisers in a way, publishers have not done in the past.

The INMA report is available for free to INMA members and available to non-members for US$ 795 – which includes one year of association membership, all strategic reports, Webinars, and access to all INMA content and peer connection tools. The report may be downloaded or purchased at www.inma.org/reports.

The International News Media Association (INMA) is a global community of market-leading news media companies reinventing how they engage audiences and grow revenue in a multi-platform environment. The INMA community consists of more than 13,000 members at 850+ news media companies in 70 countries. Celebrating its 90th anniversary, INMA is a news media industry ideas-sharing network with members connected via conferences, reports, Webinars, virtual meetings, and an unparalleled archive of best practices.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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