What will 2010 Bring for Print Publishers?

In October I wrote a post about the fact that the majority of newspaper and magazine publishers were entertaining the idea of charging for online content. The biggest problem for all publishers of online content is finding a magic bullet, not yet identified, to get consumers to pay for access to that content. The latest reports by the New York Times, in what ironically are subscription required articles, indicate that 2010 may be the year of big change.

But what kind of change will it be? It seems less likely that it will be a year of paid content, and more likely to be a year of moving in a different technological direction.

Newspaper and magazine closings in 2009 continued to shrink the traditional print category. The double whammy for such publications has been the simultaneous loss of print subscribers and advertising revenue. Book publishers are starting to panic, too, as they saw the beginnings of a stronger movement to e-books, fueled by Amazon’s Kindle and Barnes & Noble’s Nook e-book readers.

That’s why it is likely that some kind of significant change for print publications will occur in 2010. They simply cannot survive current business conditions much longer.

Interestingly, magazines, newspapers and books are only representative of a larger media revolution that all of us have been living for quite some time. Look what digital media has done to the music business. First records and now CDs are becoming obsolete as digital downloads spread. We have become the iTunes generation.

Movies and television are not far behind. The entertainment industry is currently looking at ways to prevent itself from a similar digital death. Ben Weinberger’s recent Video Insider blog gives us a taste of things to come in 2010:

• Disney’s “Keychest” will enable consumers to “unlock” digital content across media formats
• Best Buy in partnership with CinemaNow will provide customers with the ability to download premium content and watch it on multiple screens
• Time Warner, Comcast, and other cable providers will offer “TV Everywhere” multi-platform access to their cable programming.

Will 2010 be the year of paid content – or will it be the year we see magazines and newspapers producing interactive digital editions? Magazines like Esquire and GQ already offer iPhone versions of their magazines. Esquire’s iPhone version, available next month for a $2.99 monthly subscription, offers scrollable articles and video.

Will 2010 be the year of the Apple tablet, rumored to be named “iSlate”? Essentially a touchscreen that’s standard page size, a tablet computer may offer print publications a new lease on life. Publication executives have supposedly met with Apple, and the result is that several magazines are creating tablet versions that allow readers to interact with articles, rearrange content, and access content unavailable in print versions. The tablet could provide a hybrid platform that brings together the best of computer and online technology. And publishers swoon to think that tablets can also provide data capture that makes ads measurable.

Whatever 2010 will bring for print publishers, it will be a year in which they will undoubtedly begin to reinvent themselves.