The Two Faces of Covid
Posted on Sunday, November 29, 2020 at 10:28 PM
Q. Has Covid hurt or helped your publication? A. It
depends.
By William Dunkerley
Publishers, like
other businesses in our economy, have been impacted in different ways by
the pandemic.
Recently, a luxury car dealer told me that his
business is up. People can't spend money as usual on other things, so
they're buying cars, he explains. Some of his good fortune might also
result from some people wanting to avoid the risks of public
transportation.
But just miles down Route 10 from the car
dealership, a favorite local gourmet restaurant remains shuttered. Its
Facebook page proclaims no plans for reopening anytime soon.
Covid-19
is not an equal-opportunity business scourge.
Editors are united
in the business of publishing. But the content we produce has roots in a
wide variety of vastly different business sectors and geographic areas.
That's why we're not all feeling Covid in the same way.
EO
just did a quick survey of a select few editors. We wanted to find out
the extent to which the pandemic has hurt or helped their publications.
Here's what we found:
William Jones, editor-in-chief of Independent
Agent, explains there are two sides of the coin, one positive, the
other a serious challenge.
"Financially, advertising sales have
been consistent with an increase in online advertising sales. Engagement
with our online content is up. Due to the uncertainty in the economy and
the insurance industry, our readers have been more engaged with the most
relevant stories."
But his B2B publication also had a
practical problem to overcome.
"As a print magazine, ensuring the
issues get into our reader's hands was a concern. We usually mail to
offices, but with many closed and workers moving to remote we were
concerned (as were our advertisers) that our readers were not receiving
the magazine.
"We addressed this by providing the opportunity for
the magazine to be rerouted to home addresses. Additionally, with no end
to the pandemic in sight, our editorial process has made it challenging
to produce relevant content up to two months in advance of publication."
Rich
Calbay at Dub Publishing is in the car business, too. Urban custom cars
are his field. But there is no Covid upside there.
"Ad sales are
down across the board. We had to let go of almost all the staff. Our
principal challenges are ad sales, staff, and not having events, which
we rely on to promote our magazines.
For Kathleen Stoehr,
director of community and content strategy at Informa Connect, the
answer is simple. We asked if Covid-19 helped or hurt her publishing
work.
She replied, simply, "Hurt; advertising."
Some
Other Takes
Tricia Bisoux, co-editor, BizEd magazine:
"Covid
has led the association that publishes our magazine to convert it from
print to an all-digital format. In addition, starting in January, our
content will be published under a new title, whose name is more closely
connected to the association's brand.
"Our primary challenges
have involved how to notify readers of the format change and how to
revise our publication schedule and editorial calendar. For example,
where we once had a set number of pages in our print edition, we now
have relatively unlimited space online.
"We also had a
predetermined production schedule to follow; we now are working out the
nature of our online production schedule and editorial calendar topics.
"In
addition, it has been a challenge to determine how much copy to post to
the website, when to post it, and how to notify readers that new copy is
available."
Dave Fusaro, editor-in-chief, Food
Processing magazine:
"Covid has had only a small negative
effect on us. Our magazine and brand (Food Processing) goes to
the food and beverage manufacturing industry, and that sector has been
pretty immune to the effects of Covid. In fact, some of the makers of
traditional products are having great years in terms of sales.
"I
think the pandemic has stalled some of their expansive spending on
capital projects and new R&D, so our advertiser base is hurting a little.
"That
and the general economic slowdown has hurt us in only a small way. With
a minimal events business, our company has not been hurt by the
cancellation of in-person events. On the other hand, our webinar
business has taken off -- apparently advertisers still want some sort of
(pseudo) face time with clients, and they're probably spending money
that had been allocated to in-person events."
Yvonne
Hill, publications director, America's Boating Club:
"Covid-19
has hurt The Ensign magazine. We've been printing our association
magazine for 108 years, but this fall, due to a drop in revenue, we
moved our quarterly magazine entirely online.
"Our magazine is
published by America's Boating Club, a nonprofit membership organization
that before the pandemic had been teaching in-person boating safety
classes.
"Because of the loss of revenue, our organization
developed an online learning platform, and the communications staff
expanded its email and social media marketing efforts to help promote
these new offerings. The staff also launched a 'Giving Tuesday' campaign
for the first time ever.
"All of this has made the communications
staff a larger contributor to the bottom line.
"The challenges
have been to tackle these new tasks with a small staff and a tight
budget while also working remotely. To do more with less, we've also had
to work smarter."
Bradley Worrell, editor, RV PRO magazine:
"Our
B2B publication covers the recreational vehicle (RV) industry, which is
actually experiencing a strong upswing in demand as people seek to get
outdoors while maintaining social distancing. So the magazine is faring
relatively well as it relates to advertising, reader engagement, etc.
"A
downside to Covid-19 is that all of our in-person industry events have
been canceled or replaced with virtual events, which just isn't the
same. Also, it is more difficult now to do company profiles, as many
businesses are still operating under state or local restrictions that
limit their operations, which complicates efforts to arrange in-person
photo shoots and interviews.
"In summary, I believe my trade
publication is better off than others, but I am still looking forward to
a time when Covid is no more and things return to normal."
Reporting
Up the Chain of Command
Editor-in-Chief of Mpls.St.Paul
Magazine, Jayne Haugen Olson, gave us an inside glimpse of her
personal challenges in dealing with ownership at her company. She
reports:
"I actually just spoke to this Covid issue with our
executive team last week during our monthly meeting with ownership. Our
company publishes both Mpls.St.Paul and Twin Cities Business.
"In
addition to Covid, our community was rattled to our core when George
Floyd was murdered by police on the streets of our city.
"Here
are the bullets I used to guide my report:
We believe in the
strength of our brands, our owned titles, but this year has crystallized
our purpose:
--The editorial mission of both TCB and
Mpls.St.Paul: to serve as stewards of our audiences both B2B and B2C
--The
commitment to the community and how we show up when our audiences need
our leadership
--The strength of our seasoned staff, their
experience, and relationships
--The relationship with our client
base, and the trust they have in us
--The reliability of our products
and services: we never skipped a beat and showed up in new and inventive
ways
--And our responsiveness to real-time challenges our clients and
community face.”
In direct answer to EO's
survey, Olson commented:
"This year has helped our business as a
brand, though we have been hurt by lost revenue.
"As a team it
helped us to see what we were capable of when working under the most
extreme of circumstances. We made swift shifts to redirect our July
issue and had a George Floyd cover and 16-page story.
"We are
extremely proud of our quick to market efforts to support local
restaurants, Black-owned businesses, and now local retail as we head
into the key holiday season. When our cities were sheltering in place in
April/May we launched MSPtv -- a daily show on our social
channels that included: "Quarantine Sessions" with noted local
musicians, cooking classes with noted chefs, Monday morning workouts
with in-demand fitness/wellness experts, plus conversations with
noteworthy Twin Citians. It was our way to keep our audiences connected
to the cities they love.
"Principal challenges? Our teams are
tired. Staff worked under 20 percent furlough for nearly 8 months. We
also had some layoffs, so resources are stretched thin. Parents were
juggling work-from-home as well as supporting children who are distance
learning. Plus we were navigating our typical boots-to-the-pavement
local reporting and photography in these most unusual of times.
"The
passion remains, yet the fatigue is real."
William
Dunkerley is principal of William Dunkerley Publishing Consultants, www.publishinghelp.com.
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