Canada

Trader.ca adds resale home listings amid competition dustup

It may be months before a definitive outcome in the battle between Canada’s real estate industry and the federal Competition Commissioner, but the showdown has already emboldened a number of players. Trader.ca, owned by Yellow Pages Group, Continue reading

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When auto dealers catch cold, newspapers sneeze, says CNA

Consumers want interactive, on-demand and customizable experiences in their online automotive searches, yet newspapers aren’t delivering that well enough, according to the Canadian Newspaper Association.

The association, it seems, was actually more optimistic about the future of print than were the newspapers who presented at the Ink & Beyond national newspaper conference, according to the Toronto Star. The event’s Under the Hood presentation discussed newspapers’ dependency on automotive advertising.

Paul Anger and Jon Wolman, publishers of the Detroit Free Press and Detroit News spoke about their Detroit Plan for the JOA, saying that print wasn’t important, journalism was. The good news in Detroit was that 96 percent of subscribers have been retained and the money saved in printing reductions have allowed the papers to evolve their digital offerings to auto and other advertisers.

The plan, begun in 2008, cut home delivery for both papers to Thursday, Friday and Sunday only, the biggest advertising days. The print publications still existed all seven days of the week, but in smaller express versions distributed by news racks. An e-edition is available online each day as well.

“Look at it this way,” said Anger. “At least in the States, the milk man doesn’t deliver fresh milk anymore. Doctors haven’t made housecalls for decades. But we still get milk, and we still get medicine. It all comes down to the journalism. It all comes down to the product.”

 

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History made at Canadian Ink and Beyond confab

Canadian newspapers this week achieved an historic level of cooperation, unthinkable a decade ago. Their Ink and Beyond annual conference in Toronto for the first time included an “audience development super session” combining the forces of the Canadian (daily) Newspaper, Community Newspaper and Circulation Management Associations, plus the Ontario Community Newspapers Association. That’s a tribute to some restratined egos — and perhaps an overdue recognition of the state of the industry. Kudos to the organizers.

Some notes and quotes from the two-day conference (contact us if you’d like elaboration):

John Paton, new CEO of Journal Register, kicked off with (an unfortunately technology-handicapped) presentation called Transforming to a Multiplatform Business. Readers will likely be familiar with his revolutionary moves, but you can read Toronto Star coverage here — or better yet, follow John’s blog. Favorite quote, in response to an audience question asking how staff are reacting to becoming multi-media reporters: “Ninety days into it, most reporters are trying to jump out the window. And hoping to land on me.”

Jim Moroney, CEO Dallas Morning News, challenged newspapers to have faith in their product and their audience. The News has raised its subscription rates 40 per cent, which cut circulation by 12 per cent — dramatically increasing revenue while slashing expenses…and delivering advertisers a better quality demographic.

Our own Shannon Kinney delivered an (ahem) excellent presentation on reinventing the classified department, products and pricing.

As part of a panel on building community, Marlon Rodrigues of Toronto’s Polar Mobile — which powers apps for a panoply of heavyweight media companies, from CBS to Time and publishers in Canada, the U.K. and Asia — revealed that while they deliver far more downloads via iPhone, they receive far more traffic via BlackBerry. (Perhaps because BB users have their employers paying for data usage?) And that more than half of their mobile users did not previously “touch” the respective media brands online.

In a panel session on financial strategies, Deloitte analyst Duncan Stewart said advertisers now use a variation on the old quote (note to Duncan: it was John Wanamaker): “I know that 90 per cent of my traditional advertising is wasted, I just don’t know which 90 per cent.” And further that spending $100,000 in newspapers equals $10,000 on Google. Ouch. But he also predicted that in a few years increased mobile data usage, especially video, will congest networks to the point that there will be “perpetual scarcity”, giving renewed value to fast-downloading text, so “may be the savior of the newspaper industry.” And Queen’s University professor Ken Wong was shocked to learn that members of his school’s Dean’s List access Facebook 18 times a day. To which a student replied, “how often do you go on your Blackberry? Then shut up.”

Canadian auto research guru Dennis DesRosiers presented an in-depth look at the market, pointing out striking differences from the U.S. (E.g. “large / luxury cars” are eight per cent of the market up north, compared to 25 per cent down south. To which an American attendee commented, “maybe that’s why our economy got into so much trouble.”) Partnering with Saatchi & Saatchi Canada CEO Stuart Payne, he offered 10 ideas for the newspaper industry, led off by “rebuild your used cars classified section…but we don’t know how”. (Hint: contact AIM Group for advice.)

At the AbitibiBowater luncheon, honoring two outstanding young Canadian journalists, vaunted pollster Angus Reid noted that he was speaking “without an appearance fee” in appreciation of his 40-year relationship with the newspaper industry, and enthused about his newish company, Vision Critical, and its $70-million worldwide online survey business. And took a gratuitous shot at the work of NADBank, the Canadian research cooperative funded by newspapers, agencies and advertisers. One audience member wanted to know how Reid’s online panels can avoid self-selection bias, but his methods are apparently too proprietary and mysterious to share.

 

 

 

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Canwest papers sell for C$1.1 billion

Canada’s largest newspaper chain, Canwest LP, has been sold for C$1.1 billion to a bondholders group led by National Post president Paul Godfrey. The newspaper assets of the Asper family’s Canwest Global Communications Corp. had been up for auction, after receiving creditor protection in January. The winning bid trumps several other offers, including one from Torstar Corp. Here’s news coverage from the Post, Globe and Mail and Toronto Star — and some financial opinion from the Globe and Mail here. (And a Bruce Annan blog item below.)

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Shaw Communications to acquire Canwest TV properties

Shaw Communications just announced that it has entered an agreement to acquire all the television businesses of Canwest Global Communications Corp. Along with approximately $2 billion cash, the total purchase price includes about $815 million of net debt at CW Media Group.

“We are pleased to announce that we have come to an agreement with all constituent parties involved in a restructured Canwest, including Goldman Sachs, and are excited about the opportunity to acquire the entire company now,” said Jim Shaw, CEO and vice chair, Shaw Communications, in the announcement. “The recent restructuring initiatives undertaken by Canwest have positioned it as a pure play Canadian broadcaster and we are excited about this transformative transaction for Shaw as we believe the combination of content with our cable and satellite distribution network, and soon to be wireless service, will position us to be one of the leading entertainment and communication companies of Canada.”

Shaw Communication’s core business is broadband cable TV, high-speed Internet and digital telephone services. It also owns Shaw Direct for direct-to-home satellite services.

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Canadian MLS changes, but ‘no difference’ (updated)

Update March 26: CREA tells the competition bureau “we’ll see you in court, then.” (Original post follows) Canada’s real estate agents voted March 22 to make changes to their Multiple Listing Service cartel — but the country’s competition commissioner wasn’t impressed. As the Globe and Mail reports, the Canadian Real Estate Association voted to allow home-sellers to post listings onto MLS for a flat fee, and to make their address and phone number available to searchers using Realtor.ca — but in both cases, only through a member realtor. The competition bureau said the changes were a “step in the wrong direction. The Globe quotes the CREA president as saying the new rules were “too complicated for anyone but a real estate agent to understand” and that “…in actual fact they make no difference in the way realtors operate their business and no difference to consumers”. Well then, hard to see the competition bureau’s concern, eh?

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