Digiday Research: 88% of publishers say they will miss forecasts this year
This research is based on unique data collected from our proprietary audience of publisher, agency, brand and tech insiders. It’s available to Digiday+ members. More from the series →
In a new survey examining business confidence, Digiday Research found that 88% of publishing executives surveyed expect to miss their business goals this year due to the outbreak.
Ninety-five executive-level publishers were surveyed this week in a snap poll to understand the effects of the outbreak on their business. Of them, 85% said also that they expect to see a decline in ad revenue due to the pandemic.
That problem is an exceptionally difficult one. Coronavirus dominates news coverage, and with levels of worry skyrocketing, plus a lot more people working from home, means more people are consuming news. But publishers have found it difficult to monetize this coverage with advertising: Many big brands are staying away from spending adjacent to coronavirus coverage, and throwing associated keywords into their block lists.
About 79% of publishers surveyed said they also expect, unsurprisingly, to see a decline in event revenue due to the outbreak. Events have been a particularly important source of revenue for publishers across B-to-B and consumer media. With large gatherings effectively banned, this important source of revenue is essentially decimated.
Right now, only 38% of publishers say they expect to lay off staff due to the outbreak.
More in Media
Andre ‘Typical Gamer’ Rebelo hits 1 million followers on Fortnite
As Epic Games looks to establish Fortnite as an alternative to platforms such as Roblox for metaverse-interested brands, seeing an individual creator reach one million followers could help convince more marketers to turn their attention to Fortnite Creative.
The Independent bets big on individual talent-led verticals with the launch of Independent Studio
The U.K.-based digital news publisher has signed YouTube creator Alan Clery as creative director to kick off the launch of Independent Studios, a unit that will produce a new crop of individual talent-led videos, newsletters and podcasts.
Creators are ditching Substack over ideological shift in 2025
The writers who left Substack in early 2025 represent a second wave after an initial burst of Substack creators left the platform in January 2024.