JACKSONVILLE, Fla., March 7, 2016 /PRNewswire/ -- Contrary to public perception that consumers are unwilling to pay for digital news subscriptions, a new survey and related Newspaper Paywalls and Digital Subscriptions research report from MECLABS Institute indicates that 41 percent of news consumers are in fact not completely opposed to paid digital subscriptions, and 19 percent are open to their purchase.
Key factors that impact consumers' decision to subscribe to a news provider (print or digital) include relevant exclusive content—arts/culture, local news, editorials/opinions, crosswords/games—as well as their own personal characteristics such as preference for outlets that align with their political point-of-view, their conscientiousness and age.
The online survey, conducted by MECLABS, consisted of a panel of 900 U.S. news consumers aged 25 and older, with household incomes of $40,000 or higher and who spent three hours or more in a typical week consuming news in print or digitally.
Other survey findings
Predictably, there are significant differences in what millennials and boomers, and men and women, look for in news whether in a printed newspaper or digital news source.
International, national and political news and editorials skew older
Entertainment, arts and science skew younger
Gender differences
The MECLABS Institute Newspaper Paywalls and Digital Subscriptions report is based both on quantitative survey data as well as qualitative information obtained by interviewing industry and academic experts including: Peter Doucette, vice president of consumer sales and marketing, The Boston Globe; Charles Duhigg, senior editor, The New York Times; Michael Brunt, chief marketing officer and managing director for circulation, The Economist; Randy Bennett, executive director for external relations, University of Florida College of Journalism and Communications; Ava Seave, principal, Quantum Media, and assistant adjunct professor, Columbia Journalism School; Craig Barberich, global head of media solutions, Zuora; and Flint McGlaughlin, managing director, MECLABS Institute.
The free research report provides four key insights to newspaper executives:
"Newspaper executives should be encouraged by the findings of our survey and research report," said Flint McGlaughlin, managing director, MECLABS Institute. "In the media industry's efforts to sell digital subscriptions, they may be missing the fact that if they deliver a better value proposition, people are going to buy.
"The real question isn't – will people buy digital subscriptions? The real question is – how can we use the digital landscape, the ecosystem, all of its advantages to deliver a better value proposition? The minute they answer that, they solve the real problem."
The MECLABS Institute Executive Series report on Newspaper Paywalls and Digital Subscriptions is the first in a new series of research reports dedicated to helping executives discover how people make choices. Download your free copy of the report here. For more information on the report, contact Daniel Burstein, director of editorial content, daniel.burstein@meclabs.com, 904.746.4627, or Dr. Liva LaMontagne, editorial research manager, liva.lamontagne@meclabs.com, 352.214.1023.
About MECLABS Institute
Founded in 1997 and based in Jacksonville, Florida, MECLABS Institute is the world's largest research institute dedicated to discovering how people make choices.
MECLABS has been involved in direct Research Partnerships with companies throughout Asia, Europe and the Americas since 2001. As an institute focused on offer-response optimization particularly in the field of value exchange, the Institute is dedicated to taking an academic approach to improving the discipline of marketing by teaching its discoveries through workshops, online learning and the development of a graduate-level program.
MECLABS' two publishing subsidiaries – MarketingExperiments and MarketingSherpa – publish experiments and provide insights to the marketing community.
SOURCE MECLABS
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