A special edition of The Fold: The future of The Spinoff
Nov 27, 2024
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Madeleine Chapman, Editor of The Spinoff, and Amber Easby, its CEO, discuss the organization's critical challenges stemming from a stagnant ad market and reduced public funding. They highlight the need for community support through a membership model to sustain journalistic integrity. The conversation dives into the impacts of financial struggles on content creation, alongside encouraging audience engagement as a solution. Personal experiences and evolving media landscapes are shared, emphasizing a hopeful connection with the audience for future resilience.
The Spinoff faces critical financial challenges despite strong audience engagement, necessitating increased member support to sustain independent journalism.
The unique membership model allows fans to support quality journalism while keeping content accessible, fostering community engagement and belonging.
Deep dives
Announcement of the Membership Appeal
A major announcement has been made regarding the committee to save The Spinoff, highlighting a pressing need for increased audience support. Despite having a strong audience base, the organization faces significant financial challenges due to a stagnant advertising market and a substantial drop in public funding. The podcast urges loyal listeners, particularly podcast audiences, to consider becoming members and contributing on a recurring basis. The goal is to increase the member support from roughly 2.5% of daily readers to 5%, reinforcing the idea that audience support is crucial for sustaining independent journalism.
The Unique Membership Model
The discussion emphasizes the distinctive membership model that The Spinoff employs, contrasting it with traditional paywalled media. Instead of restricting access to content, the membership system enables fans to keep the work freely available to the public while financially supporting its creation. Members contribute out of a desire for community engagement and recognition that quality journalism necessitates time and resources. This model aims to create a sense of belonging among supporters, encouraging them to fund ambitious projects and in-depth cover stories that require extensive research.
Content Quality and Audience Engagement
Current output levels demonstrate that The Spinoff is producing significant content that resonates with its audience, as evidenced by high engagement with recent impactful stories. Recent success has highlighted the organization's capacity to generate profound journalism, yet the revenue does not reflect this achievement due to declining financial support. Maintaining content quality is challenging as financial constraints force difficult editorial decisions impacting long-form projects. In response, the organization has adapted by implementing audio versions of their long reads to reach wider audiences and increase visibility.
Financial Challenges and Support Structures
The podcast elaborates on the evolving financial landscape for The Spinoff, detailing the decline in both commercial revenue and public funding sources. With the loss of key funding from New Zealand On Air and the Public Interest Journalism Fund, there is a pressing need to solidify member support to ensure sustainability. This financial strain has meant operating with reduced staff and a zero commissioning budget, significantly limiting the scope of new work. Maintaining transparency about these challenges with audiences is seen as crucial to fostering trust and encouraging ongoing contributions from loyal listeners.
Normally on The Fold, we discuss events in the wider media, but today, the subject is us and the future of The Spinoff. Published on site today is an open letter from Duncan, The Spinoff’s editor Madeleine Chapman, and its CEO Amber Easby. It toplines where The Spinoff is right now as a platform – this paradoxical place where our audience is the strongest it has ever been, outside of events like Covid or elections – but that the stagnant ad market, and a hard drop in public funding for our work, has left us in a really tricky situation needing to make a very real call for help.
First, Duncan speaks to our editor, Madeleine Chapman, and our head of audience, Anna Rawhiti-Connell about we’re asking for and why we’re asking for it. Duncan is then joined by Spinoff CEO Amber Easby to dig into some numbers that show just how radically our revenue picture has changed and explain why our audience is now our last, best shot at retaining the ability to carry on doing what we do.