Rather than succumb to the supposed print-killing tablet, newspapers are trying to figure out how to make the device work to their advantage. Tribune Co., owner of the Chicago Tribune, Baltimore Sun, and Los Angeles Times among others, is currently rumored to be developing a tablet device of their very own.
According to a CNN article, the tablet will reportedly operate on a version of Google’s Android operating system, feature software customized to local newspapers, and include other functions expected of tablet devices such as downloading apps, playing games and surfing the internet. Tribune wants to give the tablet to consumers for free (or at very low cost) in exchange for an extended 2-year subscription to their paper.
Whether people choose to take this offer will likely depend on the technical specs of the Tribune’s tablet compared to powerful computing devices like the iPad. Price points are sure to also be a factor. Counting the estimated price for a 2-year subscription as the cost of a “free” Tribune tablet and using the aforementioned newspapers as examples, the price comparison is as follows:
|
2-year Physical Subscription |
Digital subscription per month* |
2-year Digital Subscription* |
| Chicago Tribune |
$286 |
$9.99 |
$240 |
| LA Times |
$311 |
$9.99 |
$240 |
| Baltimore Sun |
$364 |
$5.99 |
$144 |
*Software providing total access to digital copy of full paper, not an app. Price from Barnes & Noble Nook store.
Since this device release is still in the rumor phase, it is unclear whether Tribune would charge the extended subscribers the same price they do now or move to the digital price to entice customers. Consumers will no doubt be aware that a digital copy will greatly reduce printing, distributing and other costs for the paper and expect to see those savings passed on to them.
The Philadelphia Media Network will begin testing their own tablet promotion this week by providing 5,000 discounted tablets preloaded with three newspaper apps and three sponsors: Comcast, Wells Fargo, and Main Line Health, a regional hospital network. If this trend continues, Apple may see a new wave of tablets in the marketplace starting to encroach on its overwhelming share of the tablet pie. After all, why would someone need to purchase a $500 iPad when they can get a comparable multi-functional device by simply extending a subscription to their local newspaper?
Because newspapers depend on advertising as well as newsstand sales for their revenue stream, these new tablet devices offer an opportunity for advertisers to get creative. Imagine placing an interactive ad for a clothing store in the style section of a digital newspaper. Consumers can have the opportunity to browse and get information about featured articles of clothing then easily connect over to the store website to make a purchase. Moving from print to a digital medium encourages ads to be interactive and engaging, improving the consumer’s experience with the brand. Whether it will be because of Tribune and other newspaper companies, or the organic move of content to tablets, if the reader is present, advertisers need to be there to engage with them.