Posted on : 05-08-2009 | By : Vadim Lavrusik | In : Online Journalism, Video
Excerpt from my final post for Online Journalism Blog on how online video can be monetized:
(Editor’s Note: This is the last in a three-part series on local online news video, summarizing the findings of a thesis study that examined the Minnesota media market and their use of online video. Part one looked at content and part two examined design and usability. Love to hear feedback in the comments below.)
It is clear that the economy has damaged efforts to expand and improve online video. Many local news sites have had to cut staff, and they are working to produce content in survival mode. However, video advertising is expected to have the largest growth out of any sectors in online advertising. In December, eMarketer released predictions for video ad spending, saying that it would rise by 45 percent in 2009 to reach $850 million. Though ad spending has slowed a bit, video advertising remains strong. The opportunities are tremendous. However, half of the local news sites have yet to implement or even sell a video advertisement.
In summary, the six ways are: internal hosting, pre-roll ads, complementing ad forms, the 15 second rule, search ads, internal production of ads. Read the full details here.
Posted on : 03-08-2009 | By : Vadim Lavrusik | In : Online Journalism, Video
(Apologies for the break in blogging. I have been in the process of moving from Minnesota to NYC. Moving is not fun.This is excerpt from a blog post I wrote for the Online Journalism Blog that summarized the findings of my thesis study on 10 local news sites. Read the first of three posts in full here. Aside from this series, I will have several other posts this week that might strike your fancy.)
Though local news sites have expanded their production of content and made great strides in technological advances on their video platforms, they haven’t exactly reached the next threshold or industry standard in online video. In many cases, this “standard” is being set by media giants like CNN and user-generated social media sites like YouTube. In fact, a recent study shows that watching online video is more popular than Facebook or Twitter. The trend is continuing in that direction and the time spent watching online video has increased as well. And with YouTube now getting into the local news business with its News Near You feature that will grab news clips from sources that are 100 miles from your computer’s IP address, local news organizations should worry.
Many of the local news sites are still experimenting and beginning to define the type of video content they would like to produce. Below are lessons learned from a thesis study that examined how 10 local news sites in the Minneapolis-St. Paul, Minnesota, USA market used online video. The conclusions made here, are also gathered through interviews of editors at the respective organizations (Note: Several did not want or could not appear for publication as a result of organizational policies). The full study can be found here (beware it is about 60 pages in length). Here are the sites studied: