Friday, January 23, 2009

A made-in-France solution to the woes of
the print industry

The government of France is taking unprecedented measures to help the ailing French print industries. According to an AP story, French president Nicolas Sarkozy -- consistent with recommendations from a 3-month study of the industry's health released January 8 -- announced
  • Free one-year newspaper subscriptions will be given to all French teenagers on their 18th birthdays;
  • A nine-fold increase will be made to support for newspaper deliveries; and
  • the French government will double its annual print advertising outlay.
In a speech to industry leaders, Sarkozy said it was legitimate for the state to consider the print media's economic situation."It is indeed its responsibility ... to make sure an independent, free and pluralistic press exists,"he said.

In measures to take effect next month, the state will increase its annual support for newspaper and magazine deliveries to euro70 million ($90 million) from euro8 million last year, and spend euro20 million more a year for its advertisements in print publications. The state will also defer some fees the publications face.

One of Sarkozy's solutions to help the industry is a pilot program that will give teenagers celebrating their 18th birthday a free, yearlong subscription to any general news daily of their choice. The publisher is to give the newspapers away, while the state pays for the deliveries.

That initiative appeared designed to assuage industry fears that young readers don't share the same appetite for print media that their parents and grandparents have, denting current and future revenues.

"The habit of reading the press is learned very young," Sarkozy said, while insisting that the aid would only buy time for publishers to adapt to the new media landscape.

The initiative is designed to help the sector over three years "to modernize and invest in the print media sector in exchange for important structural reforms," he said. The measures he announced Friday largely came from recommendations in a three-month study into the industry's health that was released on Jan. 8. The study also recommends that newspapers restructure their finances and that journalists be better trained for multiple forms of media, including online.

"None of the proposed measures ... will be useful in the end if the profession doesn't meet its challenges," he said. "The industry has a future to reinvent. ... Time is running out."

1 Comments:

Anonymous Anonymous said...

Interesting. Will today's budget have similar innovations? What about books? In any event, an interesting experiment. Thanks for the post.

11:38 am  

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