10:00 a.m.-12:30 p.m.
(New York time)
Master Class moderator
Grzegorz (Greg) Piechota
Researcher-in-Residence and Head of Readers First Initiative, International News Media Association (INMA)
Key themes for this module
- Beef up your value proposition for retention
- See new ideas for on-boarding campaigns
- Discuss best practices in cancellation journeys
10:00 a.m.-10:15 a.m.
Welcome and Introduction: Subscriber Retention in the Post-Pandemic Era
This is the year of retention. In the past three years, a median news brand more than doubled the number of online subscribers. For many, the sales slowed down. Publishers are seeing audiences news-fatigued, busy with post-COVID life, and cash-strapped as costs of living increased. Let’s look into the priorities for 2022: how to save the trialists? What content or features to add to make our subscriptions indispensable? How to predict who’s at risk of churning and personalise communication? Are there ways to increase prices without losing more subscribers?
Greg Piechota, Readers First Initiative Lead, International News Media Association (INMA)10:15 a.m.-10:55 a.m.
Keynote: The building blocks of a modern subscriber retention program
Our keynote speaker, Haakon Johansen, is a walking encyclopedia on customer loyalty with experience in running subscription businesses for telecoms, such as T-Mobile, and news power houses, such as Amedia in Norway. Amedia is the world’s leader with two million daily readers, including 660,000 subscribers, in a country with five million people. In his presentation, Johansen talks about when news brands should focus on acquisition and when to focus on retention, and offers practical advice: How to measure retention in ways that help prevent churn? What areas to prioritise? How to best tackle voluntary and involuntary churn? How to organise a retention team?
Haakon Johansen, Founding Partner, Ageda, Norway10:55 a.m.-11:30 a.m.
Interview: From understanding user needs to measuring engagement and preventing churn
Northwestern University in Chicago and professor Edward Malthouse have been leading groundbreaking studies of news engagement for decades.He and his team created a research-based taxonomy of experiences with news, a trove of insights for customer-centric brands that see users visiting sites with different needs. His new research initiative is searching for ways to grow subscriptions for local news organisations in the United States, with surveys, data analysis and benchmarking. In this live interview, professor Malthouse shares the biggest insights: Why is regularity of reading more important than intensity for retaining a subscriber? What role does the habit play and how to help form it? What user needs should the news media focus on? What type of content attracts the loyal readers?
Prof. Edward C. Malthouse, Research Director, Medill IMC Research Center, Northwestern University, United States11:30 a.m.-11:40 a.m.
Driving reader loyalty across the world: Notix’s case for push notifications
Re-engagement is key in making a reader visit regularly, and web push notifications offer an effective channel that works alongside e-mail. But it offers broader opportunities – you can retarget users who abandoned a subscription check-out, you can bridge digital access to an e-paper product, you can even redirect traffic between a group of websites. Karina Arkhangelskaya discusses what the software vendor, Notix, learned from working with publishers.
Karina Arkhangelskaya, Head of Project, Notix, Cyprus11:40 a.m.-12:20 p.m.
Driving reader loyalty in South Africa: News 24’s case for e-mail
E-mail is a workhorse of news subscriptions – it helps to acquire, engage, and retain subscribers. News 24, the biggest news site in South Africa, uses advanced analytics and automation to segment subscribers by interests and behaviours, choose which e-mails to send to whom and when, and to curate the content. In his presentation, TinaShe Makwande reveals what e-mails engage his subscribers more? What messages help nurture the value of a subscription and prevent churn? How to use data to design a robust on-boarding and re-engagement series?
TinaShe Makwande, General Manager, Digital Subscriptions and Transactions, Media24, South Africa12:20 p.m.-12:30 p.m.
Takeaways of the day
Greg Piechota, Readers First Initiative Lead, International News Media Association (INMA)