Monday, 16th December 2013
A shift in attitudes towards news is highlighted in FreePint's Sixth Annual News Needs & Preferences Survey. The introduction of DJX has caused a spike in the number of respondent customers of Factiva who are actively considering alternative news options. The ability to redistribute content from news suppliers throughout the organisation, a new question for this year, demonstrated the increasing importance of this function. Advanced search options and a choice of delivery formats are also essential.
Data analysis is now complete on FreePint's Sixth Annual News Needs & Preferences Survey, and the results demonstrate a few significant changes in attitudes in the market, along with continuation of some of the trends in news consumption tracked in previous years.
An overview of the characteristics of the nearly 300 respondents to the 2013 survey can be found here.
The 2013 survey asked respondents how likely they are to consider alternative providers to their primary provider of news content in the coming year.
Respondents could select:
Nearly 30% of respondents reported that they are currently reviewing alternatives and another 36% expect to when their current contract is up for renewal.
Figure 1: How likely are you to consider alternative providers to your primary provider of news content?
Responses were filtered according to which provider the respondent named as primary for his or her organisation. Here we can see the impact of major changes to market leader Factiva.com, which have been underway since early in 2013.
Nearly 40% of respondents who report that Factiva.com is their preferred provider today are currently reviewing alternative providers, compared with only 8% of respondents who report that Nexis.com is their preferred provider.
The group least likely to be looking at alternative providers are those who named any provider other than Factiva or Nexis as their organisation's preferred provider: 45% of this group selected "not likely" in response to this question.
Key Purchase Variables
Over the six years of this project, we have asked many of the same questions in the same way, enabling year-on-year comparisons of needs and preferences.
One set of questions we have repeated asks respondents to rate the importance of a number of variables that influence their purchase of a premium news solution on a scale of 1 to 4, where 1 = not important and 4 = very important.
In pre-research interviews and customer meetings conducted in the summer of 2013, information managers repeatedly raised a variable we had not named in the past on this question: the ability to redistribute content from the news service provider throughout the organisation. We added this variable to the question in this year's survey.
Not surprisingly given the importance laid upon it in those pre-research interviews, that variable earned the highest average rating (3.7 on the 4.0 scale) amongst this year's survey respondents.
Figure 2: Key purchase variables
Year-on-year results of the other top variables demonstrate some shifts in attitudes and requirements with regard to news content:
Full Results and Briefings
The full results of this project have been published in the FreePint Report: Survey on News Needs & Preferences 2013 which is now available to those with a FreePint Subscription.
Articles in this report:
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Editor's Note: Beyond Aggregation
This article is part of the FreePint Topic Series: Beyond Aggregation, which ran from October to November 2013. You can still register your interest to receive a free copy of the FreePint Report: Buyer's Guide on News Content published in early December.
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