Entrepreneurship Q&A

Do you have questions on the financing needs of your business? Fin24.com has a panel of experts on standby to answer queries.

PODCAST: Lessons from Abroad

Think it's easier to start a business in the US as opposed to SA? Listen to Fin24.com's entrepreneurship experts.
Where am I? Fin24.com

New media frontier

May 10 2010 23:12 Print this article  |  Email article

Related Articles

Do we need mobile TV?

Execs take to social networking

FNB to adopt 'crowdsourcing'

'Business must master the web'

Mobile marketing ready to roll

Much more than Twitter

 

SOUTH Africans are increasingly turning online for news and opinion. Digital publishing is seeing decent growth in the local market and new sites are coming online in droves.

It seems two major trends are driving the uptake: an increase in the use of mobile Internet, and broadband access in general. Social media is also providing a form of casual quality control.

When it comes to existing publishers, Naspers-owned News24 leads the pack with a record 2 million unique readers per month. While this is still somewhere off from the 4 million weekly readers of the Sunday Times print edition, for example, it does show that online publishers are closing the gap.

Editor of News24 Jannie Momberg commented that the barriers to digital consumption are falling further every day. He said that more and more South Africans are able to get online now, and that cellphones feature prominently in the list of devices accessing news websites.

Momberg said there is no doubt in his mind that cheaper bandwidth, access via mobile devices and social media like Twitter and Facebook have played a significant role in increasing South Africans’ appetite for on-demand news content.

My own summation is that social bookmarking is a strong part of the global growth of digital media as people share links with their online networks, aggregating the news. I'd go so far as to say that most people engage with online news indirectly - and this is more evident the younger those users are.

It's also interesting to see how the social networking layer adds some filtration to news content. The likelihood of a news story spreading through social networks depends on how the initial reader is able to relate to it.

If I had to guess, I'd say one of the questions being asked is: “What will my social network think of me if I share this with them?”

Based on their perception of quality and the answer to the above subconscious question, readers will then either spread a link to the story or not.

And while this myopic sharing happens on the one hand, the same users are increasingly becoming content creators themselves on the other.

This is where an opportunity lies for publishers to harness the power of user-generated content, and fence off their own spaces online where visitors can submit their own stuff. CNN has proven how this can work even in traditional broadcasting with its iReport system.

And then there's the impact of cellphones that are being used to both consume and create digital media from anywhere. Some analysts predict that mobile will be the single biggest contributor to the growth of digital media in South Africa, especially as most South Africans will access the internet for the first time on their phone, which will remain their primary access device.

To this point, traffic to News24’s mobile offering, m.news24.com, has increased by more than 124% since February 2010 - and we're only in May now.

International IT research firm Gartner has predicted that cellphones will overtake PCs as the most common web-access devices worldwide by 2013 - and I can only conclude that this will be true in South Africa sooner than anywhere else, given our socioeconomic realities and 100% mobile penetration.

South Africans also have a keen appetite for and understanding of social media. We consistently rank in the top 10 of countries using Facebook and Twitter. Combine this with our high mobile penetration, improving broadband situation and expanding middle class and it seems obvious that on-demand publishing is headed for the big time in SA.

- Fin24.com

  • page

 

Comment on this story

(No bad language or hate speech, please)
All comments are moderated before displaying on the site
 
Your name *
Email *
Comment *
 

Please enter the text in the image below as is into the given textbox:

Captcha image
*
 
 

Disclaimer

Fin24.com encourages freedom of speech and the expression of diverse views. The views of users published on Fin24.com are therefore their own and do not represent the views of Fin24.com. All posts are monitored by Fin24.com's editors and grossly derogatory posts will be deleted. The Fin24.com editorial team will delete your comment should you post abusive comments, use vulgar language or make discriminatory observations.

Indicators

Last updated: Fri 00:00

View data hub

Company Snapshot

Make money from art
Sep 02 2010 12:48

Art's nicer to look at than stock and bond certificates, but can it make you money? Fin24.com spoke to the experts about this alternative investment class. Time: 3:00

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...