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PubNation: How print players expanded digital operations amid Covid
MUMBAI: The process of the digital transformation of the print industry has been ongoing for a while now, but the Covid2019 crisis accelerated the need for news publications to realign their objectives and operational model, and to look toward creating new avenues to diversify offerings. More than ever, media businesses will have to act now in order to capitalise on this current growth and ensure success in this new landscape and beyond.
Different news organisations came forward to discuss the effect of pandemic and how it accelerated their business at the two-day-long summit – PubNation (print and digital), organised by Indiantelevision.com in partnership with Quintyoe Technologies and Gamezop. The panel was moderated by Omdia content strategies senior principal Tim Westcott and included ET Online editor Deepak Ajwani, Moneycontrol editor Binoy Prabhakar, HT digital streams chief content officer Prasad Sanyal, Amar Ujala Ltd state editor Uttrakhand Sanjay Abhigyan, The Hindu strategy & digital editor Sriram Srinivasan and Mathrubhumi assistant editor-online K A Johny.
During the pandemic a lot of publications were forced to take the digital route to stay in business. As the movement of people, transport and delivery came to a complete halt owing to lockdown, and readers unsubscribed due to economic constraints or risk of contracting the virus off of newspapers, the e-paper played an important role in these tough times.
Starting off, Srinivasan revealed that The Hindu was among the first few publications to go digital and adopt a subscription-based model two years back. It is also among first few organisations to launch a paid version of the website. He added, “We have an e-paper, we provide dozens of newsletters. So, everything that is required for a digital publication is there. Then there are our sister publications also, including Business Line, political magazine Frontline and a sports magazine.”
Amar Ujala, which has a very strong presence in Hindi heartland and is among the top five newspapers in the country, has shifted its focus towards creating digital content. The organisation is present in eight to nine states with more than 250 print editions. Amar Ujala has a very vibrant digital presence in the form of a website, YouTube and Facebook.
Echoing the sentiment, Sanyal mentioned that Covid20919 has accelerated the digital journey for Hindustan Times and the brand is looking forward to expanding its offering. “All the three outlets Hindustan Times, Hindustan and Live Mint are digitally present. During the pandemic, the company has launched three new segments HT automobile, HT tech and HT Bangla,” he added.
A large number of media groups were already digital first and working towards ensuring that the customer experience is right and they were abreast with the content trends. Ajwani revealed that in March 2020, ET doubled its viewership. Said he: “We were effective, productive and were making a difference with whatever content we were producing from home. A lot of technology, collaboration with our print team has been around for the last three-four years. We have been connected with each other via multi-modes of technology. So, using our feet on the ground, and the skills of technology and the skills we have built online, we have had a very integrated approach from day one.”
He further added, “Somewhere in the month of July, we saw that Covid2019 pandemic has accelerated our offerings. I believe there is no transition from print to digital. They both work in synergy. It is an omnipresent world, we are present wherever the reader wants us to be.”
When the novel Coronavirus arrived in India, it came with more than its fair share of misinformation and fake news. People were in desperate need of verifiable, trustworthy news and they turned to print publications and their digital arms for it. In this regard, Prabhakar mentioned that Moneycontrol was focused on reaching out to its audiences and providing all the necessary information related to the pandemic. “Seeking viewer attention was never a problem for the organisation. Today, the lockdowns have been lifted and many of our readers have gone back to their daily routines, now the challenge once again is to how to seek the user’s attention,” he rued.
The brand had diversified its offering to acquire and retain new users by expanding into the regional language space. It has three subscription-based products — Moneycontrol Pro, Moneycontrol Hindi and Moneycontrol Gujrati.
HT is also doing something similar, said Sanyal, and offers products for Gujarati and Hindi speaking audiences. The network closely works with all partners to deliver content.
K A Johny disclosed that it has a very powerful presence in both print and TV. He also shared that the driving force for Mathrubhumi is the trust of people. Covid2019 has only revived things for the organisation. Irrespective of the medium, he thinks that a platform of trust and credibility is the need of the hour.
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Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
