Some hotshot entrepreneurs think they can make a buck by producing student newspapers on campuses across the United States. But they're off to a rough start at Ohio State University.
An excerpt from the NYT story:
When classes resumed in Columbus, Ohio, on Sept. 21, the university's 124-year-old student daily, The Lantern, had a professional rival in U Weekly, a 20,000-circulation, full-color tabloid laden with entertainment articles. The Lantern, a mostly black-and-white small broadsheet offers a more usual mixture of campus and national news stories.
For Wayne T. Lewis, 34, chief executive of the privately owned University Media Group, and his partner, Clark Gaines, U Weekly is their biggest bet so far that there is an underserved niche market on college campuses, with enough beer, bar and bookstore advertising to support a rollout near other public colleges next fall.
But what had seemed to be an amicable relationship with Ohio State went sour days before the start-up of U Weekly, Mr. Lewis said in an interview. By his account, the university reneged on an agreement to allow him to distribute the paper at 150 indoor locations on campus, reducing the number of racks to 63.
Ray Catalino, the manager since 1989 of The Lantern, minimized the matter. "I don't think there was any cutback from the university," he said.
Mr. Lewis responded to the reduced distribution with what he called "garish black boxes" at 25 outside locations, on public property, and hired students to give out the paper.
"We're getting into students' hands, but it's costing more," he said. The two sides continue to talk, he said, adding that he expected an amicable resolution soon.
Despite the chilly welcome, Mr. Lewis and Mr. Gaines, who is 29, said they saw national potential in marketing to 18-to-26-year-olds, as distinct from the wider 18-to-34-year-old group that alternative weeklies commonly seek.
"Major media companies are screaming to get young readers," Mr. Lewis said, but 18-year-olds and 30-year-olds often have markedly different interests. "We feel that the young audience wants that young content."
I guess it's a free country, and if some entrepreneurs think they can make a buck off creating newspapers for U.S. college kids, more power to them.
Maybe a controlled-circulation newspaper is one way to do that. But I wonder if some other methods of delivery should also be contemplated, particularly of the wireless/mobile persuasion.