A couple of months ago, I interviewed Jim Glionna, president and owner of Newcom Business Media, for a profile that appears in the final print edition of Masthead. Glionna, who's been in this business for 40 years and was preceded in it by his father, Alfredo Orazio Glionna, had strong opinions about every topic I brought up, including the Web:
"I wish the Web had never happened. The Web has been, for 99% of publishers, the worst thing that’s ever come down the pipe. It’s just a goddamn big money pit," he said. "But you gotta be there."
TodaysTrucking.com, the website for Newcom's flagship magazine, Today's Trucking, has won gold or silver for Best Website at the Kenneth R. Wilson Awards every year since the category was introduced. Along with senior editor Marco Beghetto, who devotes about 40% of his time to maintaining and developing the site's content, Glionna also employs a webmaster for TodaysTrucking.com and a company-wide director of Internet operations.
And yet, despite these investments (and others in design, back-end development, etc.), Glionna hasn't seen much payoff. "Are we making any money on the Web? No. Are we spending much money on the Web? Yes."
When I asked him why he bothers with the Web at all, his answer surprised me. "It seems like we have to. Glacier (publisher of TruckNews) has got a good site too...We gotta stay ahead."
In other words, it's about maintaining the credibility and strength of the Today's Trucking brand. Though there may not be a ton of online revenue available in his market at this point, Glionna recognizes that, whether he likes it or not, people will use the Internet to seek out information about trucking. When they do, he wants TodaysTrucking.com to be their number one source. And then, if and when the dollars do become available, he'll be well-positioned to pounce.
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E-mail: mursi@masthead.ca.
Twitter: @MarcoUrsi
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Jen says: | |
Masthead, why don't you do this anymore?... |
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2009 (40)
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When I said I wish the web had never happened, I think some people may have got the wrong idea about my view of web publishing. That was a wish. The reality is that it has happened and it has caused all media providers to address its impact on their business. As far as Newcom is concerned we understand the importance and necessity of providing buyers with the information they want in the form they choose to receive it. Over the past 8-10 years we have spent an average of a quarter million dollars per year (that’s 2 – 2.5 million) to ensure we are ahead of the curve (not to mention our competitors) in delivering business information in the age of technology. Almost 30 years ago, Alvin Toffler referred to it as “The Third Wave”. It can hardly be suggested that I am not on board.
Yes, I do wish it hadn’t happened to me, especially in my late 50’s but pragmatism requires us to embrace it. And as Mr. White points out we will be mining for these thousands of dollars available on the web in every manner we can. Ultimately we must turn a profit from this medium, preferably sooner rather than later.