Aiming At BtoB, NYTimes.com Rolls Out Business, Tech Sub-sections; Handful Of Hires
NYTimes.com has been quietly rolling out a series of sub-sections this month, in hopes of attracting more B-to-B advertisers. By mid-September, new sub-sections will be added to the toolbars of both the Business and Technology channels, including Green Business and Enterprise Technology, respectively. Others will be added throughout the rest of the year. The rollout is also designed to blunt the challenge from WSJ, as the News Corp.-owned paper has expanded its coverage to go head-to-head with NYT on general news.
SEE ALSO: NYT Joins LinkedIn For Targeting Ads And Content
I spoke with NYTimes.com GM Vivian Schiller about the new sub-sections and how they fit in with its goals to have more targeted content and ads during an increasingly difficult time for the newspaper business. To support the expansion, Schiller says the paper has hired a handful of reporters from WSJ, Dow Jones, WaPo, The Economist, Financial Times, and others, with more to come.
—Targeting and privacy: The recent moves are part of a larger effort to better focus the site’s ad sales. Last month, NYTimes.com struck an alliance with LinkedIn on targeting news stories and ads at their respective readers and members. With the issue of ad targeting receiving intense scrutiny from lawmakers and privacy advocates, Schiller insists that personal data is sacrosanct. And since the program serves content to users as well as ads, Schiller believes the company has achieved the perfect balance. Schiller: “We are getting a level of detail for ad targeting purposes in order to target content as well. It’s along the lines of industry, job function, seniority, company size, gender and geography – none of which are personally identifiable. For example, if you have a user who is 65, and a woman and lives in Podunk, she’s probably in a very small group of readers. At that point, if the program might be able to personally target her, we throw the pool away.” More after the jump.
—No defensive crouch: Joining with LinkedIn and starting the new sections are two examples of how the site plans to battle back against an online ad slowdown and a generally sour economy, Schiller says. “This is what we feel like we need to do in the economy in order to grow.The worst thing we could do would be to go into a defensive crouch. So, yes, we think this is a great time to launch a luxury magazine. This is a great time to build out our Business and Technology sections and add more reporters and editors.” Schiller adds that the NYT’s new iPhone app has gotten “a tremendous reception.” Asked for details on how many users have downloaded the app, a NYTCo (NYSE: NYT) rep said that none are available yet, since it’s only been out for a month. “We plan to do more that makes this a place where developers feel more comfortable about working with us. The economy is going to come around. We need to be in the number one position and we think we are.”
—Limited hiring mode: While the NYT offered buyouts last April in an attempt to trim the news staff by 100, Schiller says the company has also been in a limited hiring mode. “In an age where people are cutting, we’re bringing in new hires for our newsroom, with experienced journalists from high-profile publications. And we’re continuing to do so. We have more executive decision-makers on our site versus any other – including WSJ. What we need to do, is bring them deeper into our business coverage. We looked at their behavior and we saw that they’re looking at foreign news, culture, travel. It will also make it easier for advertisers to reach them contextually. It’s a big initiative for us, we think it’s going to be a big revenue driver.”
Posted In: Advertising, Marketing, Media & Publishing, Newspapers, Social Media, Companies, New York Times, nytimes.com, vivian schiller
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