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Contributor Funding And The Turnaround of The Guardian
內容大綱
The UK daily newspaper the Guardian undertook turnaround initiatives between January 2016 and April 2019 under the leadership of Katherine Viner, the newspaper's editor-in-chief. Viner leveraged a new reader-funded contribution model to generate revenues, whereas newspapers such as the New York Times and the Wall Street Journal used paywalls and subscription-based models for revenue generation. Viner also undertook several cost-cutting initiatives, such as replacing the Berliner newspaper format with a tabloid format and outsourcing the printing of the Guardian. The impact of the contribution-based revenue model was substantial, leading the newspaper's digital revenues to surpass revenues from advertising. The newspaper's reach also increased substantially, with international subscribers, especially those in the United States and Australia, contributing more than Guardian readers in the United Kingdom. Although the Guardian reported its first profit in the past two decades in May 2019, several challenges remained for Viner, such as increasing the number of financial contributors to 2 million by 2022 and making the turnaround sustainable.