Guardian Media Group publishes 23/24 accounts
The Guardian Media Group has published its 2023/24 statutory accounts.
Every subscriber who leaves has to be replaced before a subscription business can grow, which makes retention the quieter half of reader revenue and often the more profitable one. The first renewal is the real test of whether acquisition brought in the right people.
Retention starts with habit. The publishers that keep subscribers longest engage them well beyond the welcome emails, and renew on the strength of the brand rather than another discount. A surprising share of churn isn't a decision at all. Expired cards and failed payments quietly lose revenue that can often be recovered.
Some brands are losing subscribers and hard-fought revenue that could be saved with some attention and effort.
Tracy Larner Our subs retention strategy: William Reed
When someone does want to leave, how it is handled matters. Understand why before offering anything, and make the exit easy, because subscribers treated well on the way out are far more likely to come back.
Below you'll find some of our best feature articles on subscriber retention and churn, from engagement and renewal pricing to payment failure and cancellation, alongside our latest news and industry commentary.
Does your CEO know what your subscriber retention rate is? The chances are, probably not. But, according to Julian Thorne, author of our Guide to Retention Strategies for Publishers, this number should never be far from his or her (or your) mind.
A subscriber’s first 30 days are important to build habit but so is every day after, says Emma Robinson, head of customer experience.
You cannot improve a process until you have documented it, and you cannot achieve an objective until you have a process and system to support it, says Rosa Sherwood, head of CRM, engagement and loyalty.
It’s a well-known fact that engaged subscribers stay for longer, says Susanne Kinnaird, head of digital reader revenue.
It’s important not to lose subscribers and hard-fought revenue through involuntary churn, says Tracy Larner, subscriptions director.
It’s important to understand the reason for cancellation and to ensure the retention offer directly addresses the subscriber’s stated concern, says Mike Halstead, managing director of HH&S.
What determines pricing power is not only the category of need, says Andy Burden, founder of Substribe, it’s the stakes.
Making it super-hard to cancel a subscription does no one any favours.
The Guardian Media Group has published its 2023/24 statutory accounts.
Local media group Newsquest says it now has more than 100,000 monthly paying digital subscribers to its news brands.
Mail Sport’s new football memory game tests readers’ knowledge of the Premier League.
James Evelegh picks out some takeaways from the July / August issue of InPublishing magazine.
This year’s Reuters Institute Digital News Report documents the scale and scope of ongoing ‘platform resets’, which are putting intense pressure on publisher business models, writes Nic Newman.
RCNi has a clear mission – to be the life-long learning partner for nurses. Managing Director Rachel Armitage tells Meg Carter about how they have diversified their revenues, with a laser focus on meeting the needs of the nursing community.
Now, now, settle down at the back, no tittering, please. In this always-on media age, Slow Journalism really is a thing, as Alan Geere reports in this quick read.
The Countryside Alliance has expanded its partnership with ESco to outsource membership management.
Spike is launching a complete digital archive in collaboration with Exact Editions, a development in restructuring the magazine’s subscription offerings.
James Evelegh picks out some takeaways from the May / June 2024 issue of InPublishing magazine.
AOP and Deloitte data reveals reduction in display advertising revenue for publishers in Q1 2024, as subscriptions continue to rise.
Exact Editions has announced that New Welsh Review now offers a full archive on its digital platform.
NewsTeam Group Ltd has announced that it has reached agreement to acquire the largest home news delivery company in Suffolk, Suffolk News Delivery Limited.
Adept Data Services has announced the acquisition of Avio Subscription Management Software, formerly known as Achieve.
Prospect has launched 'On the Cover', a newsletter giving subscribers behind-the-scenes insight into the creative processes involved in designing the magazine's front covers.