A few weeks ago I cancelled my daily newspaper subscription. Not because of the increasing use of bad puns in headlines, a direct result of the publisher subbing out writing to young graduates to lower costs and supposedly bring a youthful feel to the paper. No, I cancelled on the day the business section shrunk to just three pages of mostly superficial stories.

I’m not alone, an associate cancelled his subscription because of the increase in typos and doubling up of stories in different sections.  

While once loyal readers are deserting, publishers are desperately trying to entice. The same paper gave me a free 10-week subscription when I signed up to a wine club the following week. I read online free from the same masthead. Since 2001 the Media Alliance estimates that the number of full-time journalists working on Australian newspapers has fallen by 13 per cent or roughly 1000 to 7500.

The hen and egg question of what came first – the thinness of content or the decrease in advertising to underwrite good journalism, is superseded by the issue of where have the readers gone?

Online, just like you.

The news in the last few months is an indication the tipping point is here…there are lists, (found online in seconds) of the latest closures around the world, from Colorado’s oldest paper, The Rocky Mountain News to The Boston Globe.

PriceWaterhouseCoopers latest survey predicts global newspaper decline of 10.2% this year.

What does the decrease in readership of press mean to mass marketers?

Well there’s no refuge in TV. The diminishing returns of this medium in Australia, where the cost per thousand eyeballs doubled over a seven year period while the number of potential viewers declined by 20% means ever diminishing returns for TV ads.

Yet there are still people who spruik packaged TV ad formats that exclaim “Brand News” on TV is more effective? Than what, bad brand ads on TV? Either way, with fewer viewers for greater expense than ever before, the high cost of entry to producing and running ads on TV are driving marketers away. While a FinReview survey of marketers indicated they are sticking with TV ads for their brand marketing, the long term media spend trends show doing the same as before is on the way out.

Australian online ad spend is up 14 percent to an annual $1.4 billion

The smart marketing investment is micro-managed across dozens of touch points, from the web to activation at point of sale.  The smart marketer is looking for measurable results, insightful strategies and creative that cuts through and adds value in a sea of clutter.