Since the inception of the Internet and wireless connected devices, the Telecommunications, Media & Technology team at FTI Consulting has been helping clients adjust to the rapid evolution in the various media industries. Our professionals leverage their experience in newspapers, magazines, book publishing, education and Internet-based businesses and help media companies and their stakeholders adapt to the effects of digital transformation and changing consumer behaviour. We use a unique combination of strategic, financial and operational analyses to assess and address the critical factors that drive (or impair) company value in today’s complex and quickly changing environment.
How We Help
The ongoing shift from print to digital continues to destabilise the book publishing industry.
The ongoing shift from print to digital continues to destabilise the book publishing industry. Powerful technology companies now control many leading online book stores, controlling access to digital consumers while physical bookshops are losing pricing power and relevance. Indeed, experts have forecast that the ebook market will be bigger than the print book market by 2017. In the textbook industry, some countries are passing digital textbook laws, and schools are hoping to reduce textbook costs while improving teaching outcomes. Companies in the conventional publishing market are consolidating, while new self-publishing models are emerging.
The magazine industry continues to transition from legacy print and solid high street sales to declining sales...
The magazine industry continues to transition from legacy print and solid high street sales to declining sales and an overall migration to other sources by consumers. Broad general interest titles have tended to face more secular pressures than magazines with niche audiences. While traditional advertising continues, incremental revenues are driven by the use of video, television-like shows and events leveraging the magazine brand. Legacy workflows must be deconstructed and remade for print, web and app channels. Critically, FTI Consulting digital transformation solutions facilitate consumer and advertiser migration to digital alternatives.
The economics of the newspaper industry have changed materially with the proliferation of digital media devices....
The economics of the newspaper industry have changed materially with the proliferation of digital media devices. Publishers must adapt to this highly fragmented, ever-changing industry in order to remain competitive. Legacy norms and workflows must be deconstructed and renovated, cultures must become increasingly customer focused and publishers must embrace mobile platforms - tablets and other devices - while not forsaking legacy print that still drives more than 80 percent of current revenues and profit.
Leveraging experience from more than 200 engagements, FTI Consulting creates highly successful solutions for publishers challenged by the rapid consumer and advertiser migration to digital alternatives.