Alfonso Vara-Miguel |
A new study of internet users in Spain shows that those who trust “the media” less are more willing to pay for news online.
The explanation for this counterintuitive behavior is that those distrustful folks “are willing to pay for those specific media that they trust”, according to the researchers, Alfonso Vara-Miguel of the Universidad de Navarra and Manuel Goyanes of the Universidad Carlos III of Madrid.
(The full text of their article is in Spanish: “The probability of paying for digital news in Spain,” in El Profesional de la Información.)
In other words, trust and confidence have an economic value that media organizations can monetize.
Manuel Goyanes |
Getting people to pay
Media economists like to say that the Spanish are legendary cheapskates when it comes to paying for any form of media. But the researchers believe they have identified some of the market segments most likely to pay for news.
They base their conclusions on the Digital news report 2016, which came from a survey of a representative sample of 2,100 Spanish adults, executed by YouGov and coordinated by the Reuters Institute for the Study of Journalism at Oxford University. The most relevant findings follow.
Versión en español
1. Young people are more likely to pay for digital news.
The researchers believe that, because young people consume news almost exclusively on digital devices in Spain, they are more comfortable paying for it.
From Reuters Institute Digital News Report 2016 |
5. Sales of daily newspapers have always been low in Spain.
Vara-Miguel and Goyanes did not present data in their study on how much the survey subjects paid for digital news nor for how long. But in an interview, Vara-Miguel (my colleague here at the Universidad de Navarra) pointed out that historically speaking, the percentage of adults who pay for a daily newspaper has been relatively low. At the peak, in 2000, the number of daily papers sold per 1,000 residents in Spain was 104, or around 10% of the adult population.
That figure of 10% paid print circulation is the same as the percentage of people who had paid for online news (see chart above); but it should be noted that online news consumers represent only three-fourths of the population.
In another study by Vara-Miguel, he presented data showing that the traditional news media brands in Spain–TV, radio, and print–had not differentiated themselves sufficiently from new digital natives and thus had little hope of getting people to pay for their online content (“The brand as a differentiator between traditional media and digital natives”, original in Spanish, in La prensa digital en España 2016, IME, Institute for Media and Entertainment).