We're heading into downturn, um, how is this affecting your group in the way it does bussiness.
Well, I think that I should say there has been much structural change in media, that we've actually been grappling with change, for quite a long time. Er, I think what's happening now, is that we got a very severe downturn and I think it is gonna get worse next year and so on top of the structural change, when dealing with kind of very negative economic conditions. So I think all media is being effected by this. I think what's intersting about this that audince is not effected, audience is growing, so the issue is how you capitalize on that or how you continue to grow your businesses and your quality audiences. While ad revenue is going to be severely effected, I think also there are different effects depending on what business is you are in , so if your consumer-oriented in terms of display of advertising,that has been hit very badly, I think if you're in business -business,you are much more resilient. And you'll depend on different revernew stream. So actually as group, certainly the Guardian Media Group, is in better shape asresult of diversify input,vigor in having business-business e-map,having trading media group which is predominately digital business. Um, and certain our consumer business are all being affected more .
One part of the businesses that has traditionally lost \ producers and \ other the titled Abserver and the Guardian last year i think ,25million pounds have been lost. Fast sustainable is that over the long term, cause you really cannot lose money at that \ level,it maybe different.
Well, all quality newspapers, i think ,there is anyone newspaper actually makes money,um, and all the others lose lots of , Times loses money, the Independent loses money, and we are no exceptions of that , so i think you have to ask yourself why is that ,and that is partly because quality journalism is extremely expensive ,if you are going to put your info into Iraq, if you are gonna cover the world, as you want to cover it, independent acurate reporting, you are going to have to pay for it, and i thingk what is happening is that we are also sustaining digital businesses,which are, have been in growth, we have to develop and capitalize these businesses,so you've got two different media businesses actually ,which are now beginng to integrate,and i think we are gonna have to look at the economics of that , integrated business, as we go forward, and kind be very responsible how we size this buisiness if you see what i mean ,i am fortunate and our group is fortunate,because our entire purpose is about the sustainability of the Guidian ,the long-term sustainbility.
I\is that what you are doing ,you exist just to provide the momentum to keep those titles going.
We, we exist in order to keep the independence of the Guardian both finacial and editor independence, that is all the reason for being ,all our activity ,all our profitable original papers , the radio stations , e-map trade media,is all about provide maximumization,in order to sustain in the future, \we have very different modle to lot of our publishers ,our all media groups, and it's very healthy modle, i think i have , especially in downturn, because we are able to take long term decisions ,we are not success about reporting, of course we are to be \, of course we have to perform , but we can take long term decisions , which we think is very different to other media groups.
[ 本帖最后由 lijay231 于 2008-12-15 16:03 编辑 ] |