The Wall Street Journal is reportedly going to stop publishing a print edition of its daily in Europe. Putting the move in context, Financial Times writes: “The Wall Street Journal predicted in October that the global spend for 2016 on print advertising would decline by 8.7%, the biggest drop since the recession in 2009."
Jeff Bezos has some advice for news publishers trying to turn a profit, which he laid out at a conference on Wednesday. First, publishers should prioritize readers over advertisers, he said, as reported by CNBC. "We run Amazon and The Washington Post in a very similar way in terms of the basic approach,” said Bezos. “We attempt to be customer-centric, which in the case of the Post means reader-centric.”
Poynter surveys the winners of a competition put on by The Knight Prototype Fund, which was asking for innovative ways to promote the spread of accurate information. Winners included “a mobile game that tracks falsehoods, a tool that busts lie-spewing Internet bots and projects aimed at increasing the reach of fact checks,” it writes.
The ambitions of the Guardian, a venerable left-leaning British newspaper, to go global by conquering the U.S. news market have not panned out. That's the understated version of a brutal long-form piece from Buzzfeed detailing a combination of over-optimism, missteps, and complacency on the part of the newspaper's leadership, both in the U.S. and UK.
The Daily Beast considers the staff cuts at HuffPost and Vocativ. Putting the layoffs in context, it writes: “The corporate carnage--in which Huffpost laid off 39 staffers and Vocative cut its entire 21-member newsroom--came a day after Time Inc. … announced the dismissals and voluntary buyouts of 300 staffers.” Also of note: “A Vocativ insider … argued that Wednesday’s developments don’t represent a downsizing but simply a strategic adjustment.”
Bloomberg reviews The Wall Street Journal’s recent attempts to boost online subscriptions, while remaining searchable via Google. “After blocking Google users from reading free articles in February, the Wall Street Journal’s subscription business soared,” Bloomberg writes. “But there was a trade-off,” it adds. “Traffic from Google plummeted 44 percent.”