Ad revenue shortfall halts summer publication for OSU’s Lantern

April 1, 2008 in College Media News

(editor’s note: Wording changed to reflect my meaning more accurately.)  #

lantern #

The Lantern, student newspaper at THE Ohio State University, will not publish print editions this summer, thanks to declining ad revenues (see Budget cuts shred summer edition of student paper). The Lantern is experiencing something the newspaper industry as a whole is going through, as 2007 ad revenues declined more than ever. #

For the Lantern, much of the loss is coming in classifieds: #

The Lantern’s advertising department has experienced losses due to Web sites such as craigslist.org, which offer users the opportunity to place classifieds online at no cost, Catalino said. #

In an e-mail exchange with me, Catalino wrote, “Through February, our classifieds are down $93,000 from last year to date, and last year was down from the previous year by $136,000.” #

For a news operation that is “100 percent self-sufficient,” that’s a huge chunk of change. And – as is the case with many student publications – online revenue is a paltry sum – 3 percent of total ad revenue. It is instructive that Catalino mentioned craigslist specifically as a factor in the decline. If you don’t have craigslist in your area, thank your lucky stars, because newspapers have learned that it’s almost impossible to compete with free. #

The newspaper is run by the Communication Department, whose officials made the decision to cancel the summer publication. Catalino was against the move. (Why a 100 percent self-sufficient student newspaper is run by the Comm Department is a topic for another article – ed.) #

The Lantern article mentions that the practicum class that produces the Lantern will still be offered in the summer term, but “plans to put student stories on The Lantern’s Web site have not been finalized.” #

The school has not purchased additional equipment to deliver web-specific content, Catalino said. If that’s the case, publishing student stories on the web won’t teach students anything more than they would have learned publishing a printed product – and actually will teach them less. The Lantern is a College Publisher site has a content management system (College Publisher), so it’s not like they’re learning advanced web publishing skills. #

Catalino said he thinks this move does not bode well for the future of the student newspaper at OSU. He sees a push to get rid of the print edition entirely down the road. #

I will leave it for others to debate the merits of cutting print publications which bring in money so you can cover a budget shortfall, but I agree that this is Not a Good Sign for student media. If the student newspaper at the largest university in the U.S. is facing such declines in ad revenue and circulation, it may be that the massive disruptions the industry has been facing for some time are finally filtering down to the college level. #

Related Posts with Thumbnails
Share and Enjoy:
  • co.mments
  • del.icio.us
  • digg
  • NewsVine
  • Reddit
  • Facebook
  • StumbleUpon
  • Twitter
#