So where is the talent hiding?

Publishers lament the lack of skills when it comes to offshoring complex copy-editing to India. Some complain that even simpler, less complex copy-editing jobs are difficult to procure at the same level of proficiency that a US/UK-based counterpart can achieve. Service providers admit to the huge challenge of finding the right guy for the job, and more importantly keeping him there. The talent gap is evident… solutions are elusive! Apart from intensive on-the-job training provided by most service providers, other steps have been tried and proved useful, some of which include:

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Magazines: Ad-ing up the losses

The newspaper and magazine segments are the largest contributors in revenues to the global publishing industry – contributing close to 52% of global publishing revenues. It would therefore be safe to assume that of all the challenges faced by the industry, none would be as altering (in terms of revenues) as the challenges faced by these two segments. The newspaper and magazine segments have already lost considerable revenues on account of dip in ad revenues. This is directly attributable to the global economic slowdown, which has led to decrease in consumer and corporate spending.

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Publishing Survey: Disparity in cost savings continues

With the publishing industry facing cost pressures, change in consumption patterns and struggling to sustain its revenues, it only seemed logical that the industry as a whole would outsource more. To truly understand how the industry value chain perceived outsourcing, we at ValueNotes Sourcing Practice decided to conduct a publishing survey.

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Newspapers: Stop the presses?

The newspaper and magazine segments are the largest contributors in revenues to the global publishing industry – contributing close to 52% of global publishing revenues. It would therefore be safe to assume that of all the challenges faced by the industry, none would be as altering (in terms of revenues) as the challenges faced by these two segments. The newspaper and magazine segments have already lost considerable revenues on account of dip in ad revenues. This is directly attributable to the global economic slowdown, which has led to decrease in consumer and corporate spending.

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Can ebooks sustain publishers?

In one of my previous posts, I had written about the rise of Google in the ebook market and its implications. But are ebooks as important an offering as the publishing industry is making out to be? Will ebooks be a one fit solution for publishers? Can a publisher ultimately sustain on revenues from ebooks?

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The yin-yang of publishing outsourcing

Margin pressures are a sign of maturity (and commoditization) in any services industry. Publishing outsourcing is no different. Low entry barriers have kept the wannabes pouring in, relentlessly setting up shop, offering ridiculously low prices … to a point where it won’t work any further. However, that hasn’t stopped any more wannabes from joining the game.

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Will publishers outsource?

The publishing industry has been undergoing a transition. Starting with increasing costs of production and print, the industry is struggling to address the increasing demand of digital content as opposed to print. In the midst of this transition, the global economic slowdown prompted lesser spending by consumers and corporate spenders.  Over the past few months, we have seen publishers try a variety of approaches – going digital, reducing print publishing, and cutting costs.

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Don’t be e-vil

A lot has been said and written about ebooks, ebook readers and the stimulus that the publishing industry has been giving to anything and everything digital. The arrival of a technology behemoth such as Google just goes to validate that the market is in fact, worth it.

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The content-technology tussle

It’s easy to dismiss technological alternatives to established time-tested tools as fads… And easier still, to get carried away by the sweeping power of technological innovation!  Well, in this case I am referring to the Kindle, Sony reader and the ever-evolving e-reader clan and the writing off of paper and print. Critics across generational divides have strong opinions supporting both sides. Technology drove the music industry’s evolution and the fade-out of non-adapters. Will this be replicated in the publishing industry, evolving rapidly in a digital era?

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Small and niche – make a good fit

Over the last few years, there has been a trend among Indian service providers to build complementary capabilities by acquiring smaller publishing service companies in the US. Naturally, the all-time-low valuations have helped seal deals faster for service providers, who are looking to complete the missing piece of ‘high-value content’ in the end-to-end service provider puzzle.

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