I have been curious about when Indian print advtg whose growth has slowed but still kept rising would finally peak.
Chart via journalism.org/chart/sotnm-ne…
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It likely peaked in FY19 at ~₹21k crs.
From what we see of Q1 - FY20, all major print groups are sharing decline numbers for print ads.
HT - 9% ⬇️ in Q1 (vs Q1 FY19)
Jagran - 2% ⬇️
Bhaskar - 3% ⬇️
& Times / BCCL - 11% ⬇️ (industry gossip)
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Print also had disproportional share of ad spent in India (vs its share of time spent).
See a prev tweet of mine
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If you see NYT, FT, WaPo they have survived on subs (print, digital).
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Content has never been a focus area for them, and quality isnt good enough to put a paywall.
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This chart is telling. Jiofication means lower income consumers / neoliterates are moving to video not print.
Chart via mruc.net/uploads/posts/…
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Times/BCCL is the largest at perhaps ₹500-600crs (news sites' online ad rev). HT, Bhaskar, Jagran all ₹50-75crs each likely. Overall Digital ads for print cos will be ~₹1k crs. Puny. Youtube made ₹2k crs LY.
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I expect Indian print sector revenue to shrink by ~50%, perhaps even more, by 2025. 'First gradually, then suddenly.'
It will mean shrinking headcount, circulation and the likes.
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11/11.