Product Development: Report: A New Approach to Product Development

The newspaper industry is undergoing a period of profound transition. Daily newspapers can still rightfully make the claim of being the last mass medium, able to reach a majority of adults in their markets with one or two issues; nevertheless, circulation and readership of the core product are declining, and new, more complex business models are emerging. These new models will be based not on a single core product, but on a growing portfolio of products that are managed to better meet the needs of both consumers and advertisers.