Washington City Paper Shifting to More Web-Centric Approach
By AAN Staff
september 26, 2008 04:27 pm
The Georgetown Voice's nearly 3,000-word story on the alt-weekly looks at how it is evolving under the ownership of Creative Loafing, and how the paper is fighting to maintain its identity -- and market share -- despite having fewer resources. "You want to create a rich environment and then bring it down into the print," says CL CEO Ben Eason, who is currently focused on uniting the company's six papers as a national web presence. "Without a doubt, the web is a far richer environment than print." Editor Erik Wemple says he sees the paper a year from now as being "very, very, very much a web machine." But publisher Amy Austin adds that, while online advertising revenue is quickly growing for City Paper, it still only makes up approximately 5 percent of the paper's total revenue, which has been in decline. By 2006, the paper's net revenue -- traditionally around 15 percent -- had fallen to 4.7 percent.
Tags:
Editorial,
Electronic Publishing,
Financial,
Management,
Marketing,
Retail Advertising,
Washington City Paper,
CL, Inc.,
Ben Eason,
Erik Wemple,
Amy Austin