Spain officially got another digital news publication this month, and as far as news startups go, El Español it’s on secure footing. It’s resting atop €3.6 (USD $3.98) million raised from a successful crowdfunding campaign at the beginning of this year (with donations from 5,624 people ranging anywhere from €100 to €10,000 to become shareholders), as well as money from other investors and its founding journalists. El Español editor and founder and Pedro J. Ramírez also threw in more than €5 million of his own money, the entirety of his severance pay received from his controversial ousting as the editor of Spain’s large daily El Mundo, which he co-founded in 1989.
El Español generated plenty of interest leading up to its launch, thanks to its famous, and famously outspoken, editor. But the country’s current political and economic environment may also have played a part.
“I think maybe if El Español had been born two years ago, or five years ago, it would’ve been different,” said María Ramírez, the news site’s co-founder (and Pedro J. Ramírez’s daughter). “People were really tired of things that are related to old institutions, including newspapers.”
El Español is now approaching 11,000 subscribers, the majority of whom signed on before the site in its current form officially launched to the public (a blog-like placeholder was already running stories over the summer). Non-subscribers can read 25 free articles a month before hitting a wall, while subscribers have access to the full site, a tablet and smartphone app featuring a “newspaper-ish” digital edition of its important stories, and other deals such as entries to lotteries for various sporting event tickets. (The cost for this access is €10.99 per month or €84 per year.) Given its remarkable beginning, all eyes have been on whether El Español can now sustain its initial successes and grow its subscriber base.
I spoke with María Ramírez, whose journalistic credits include political reporting for Univision and for El Mundo, about El Español’s ambitions as a digital news site competing with legacy media as well as an increasing number of other digital news outlets. Below is a lightly condensed and edited version of our conversation.
Apart from that, we’re very much interested in anything that’s related to innovation, especially in science, technology, and business. We had some thoughts in the beginning about just being focused on politics and maybe a little of something else — in the end, we decided to go far more general in our coverage. So we’re covering sports as well; we’re doing culture.
While we’re covering all these topics, we still don’t have as many people with us as the biggest newspapers in Spain. We’re trying to take our own specific angle. For instance, in sports, we’re working with a lot of data, data reporting, which is something that’s still a bit new in Spain. We have a very young journalist here who’d studied in the U.S. and worked for ESPN for a while, for instance, and he’s specialized in creating graphics and using data to analyze scores and players.
For instance, we had a lot of traffic on a piece we did using the last unemployment rate data that will be produced in Spain before the election: a piece on seven graphics [Spanish Prime Minister] Mariano Rajoy wouldn’t probably want you to see. We used the data to show that while employment has been higher in the last month, there’s still a lot of unemployment within the young, and the active population seeking jobs has decreased. It’s a piece that’s quite easy to put together, with seven graphs and text giving context, and it worked very well on our site. These things are relatively easy to do, yet quite new in Spain.
We’re also trying to do video in a different way. In June, we experimented with recording an 360 video of an opera in June at the Teatro Royal, which viewers can view with the Cardboard glasses from Google. We’re also working on video for the news site that has a more cinematographic style, which I think is also a bit new in Spain.
We also have a section of the site called El Río, meaning The River, which is a Twitter-like way to show breaking news and news that maybe doesn’t require us to do an entire piece. You can click and see a paragraph of text. We hope that works because that’s also a way our reporters can focus on the big stories of the day and let the average stories run there, and our readers still get the information.
Most of our journalists are based in Madrid. We have a guy in Barcelona. We have a guy in Brussels. We also have contributors, in Spain, in New York, in London, and in Rio. As we grow, of course, we’ll want to have more people around the world.
They come from all over. We have some people from El Mundo, some from El País, some from the Huffington Post, some from the digital newspaper El Confidencial. We have some people from Yahoo, the office that they have here in Spain. And we have some people from university. So it’s a mix of people from legacy media and people from digital, and then people from university. Most of the journalists who work here were born in the 80s. Our average age is 35. Lots of people here are early 30s, late 20s. I’m 38, so I’m ruining the average.
Probably we’re the biggest new media site that’s started with so many people. At the beginning, we also had a debate about that. Maybe it’d be better to grow slowly as others have done — for instance, El Confidencial, one of the leaders in digital media right now in Spain, they’ve been around for ten years or more, and they started small and grew little by little. Our model is definitely more risky. We’ll see, but for now it’s going okay.
There’s a lot of pressure, and not just from the politicians or the government, but especially from the big companies in Spain. So the idea that this group of journalists was really willing to pursue these stories, no matter who would be offended, was really seductive, and really important to a part of the population.
We arrive in a moment when people are tired of the politicians, newspapers, everything, and at the same time, we’re getting out of a crisis — there’s a little more money around, people are a bit more optimistic, so I think we probably benefited from that.
And also what worked well for us was social media. The fact that now social media — Twitter, Facebook, everything — is so strong in Spain, as with everywhere else in the world, makes it a lot easier for a new enterprise to reach people and to just get the message around. Five years ago, maybe you would use TV, or radio, or maybe these are not very friendly to you, or they’re controlled by the government. But now there is no obstacle. You can just go as far as your message will take you. So everything came in a good way together for us.
We’re also trying to experiment with different kinds of ads on mobile that are not as invasive. We’re trying, but it’s really not very easy because the market is just used to the old ways of advertising, big disruptive display ads.
But now the competition is everything. It’s El País, but it’s also Netflix and anything else that gets the attention of your audience. We’re in the business of attention, right?
In Spain, Netflix has just arrived. But when Spotify arrived, it was actually kind of good for everyone. It got Spaniards used to the idea that maybe you pay for something online, and get something out of it. El Diario was also a good influence. I think they have 11,000 subscribers or so. And El Mundo was the one that started digital subscriptions and reach a significant number through that. It’s hard, but people are getting more used to the idea.
All these things take more time, and money, and people. We’d definitely like to have more correspondents. This is in the choice of our name, El Español. It means “the Spaniard,” but it also means “the Spanish.” Our goal, if everything goes well, is to build a brand in Spanish, not just for Spain. Looking at the U.S. Hispanic, Latin American market, it’s not easy, but I do have a wish at some point to expand, think more outside Spain. And for that, obviously you need more people, and more people to sustain us.