Editor’s note: Atlantic Media publishes a weekly newsletter I like. It’s called The Idea and it’s about “everything new and innovative in the media industry.” You should subscribe!
This week’s edition featured a Q&A with Ben Cotton, executive director of retention and customer experience at The New York Times, in which they discussed a couple projects we’ve covered here that help explain how the Times is thinking about its subscribers these days.
Here’s an expanded version of that Q&A, which will be of interest to anyone thinking about subscription or membership models.
Last week, The New York Times launched its newest podcast, Caliphate, which gives a behind-the-scenes glimpse into Rukmini Callimachi’s ISIS reporting. The Times is giving subscribers early access to podcast episodes — one week, to be exact. The Washington Post is also developing subscriber-exclusive content, including a new article format reserved for only subscribers, a subscriber-only newsletter covering the midterm elections, and a subscriber-only audio series that features recent Post stories.
Publishers with large subscriber bases are starting to invest in subscriber retention as a central component of their consumer revenue strategy: The Times tripled its retention staff between 2015 and 2017, and the Post now has 25 employees that work on retention — up from zero a year and a half ago.
Given the results of early tests at the Times, subscriber-exclusive content may be a promising retention tactic. Ben Cotton, the Times’ executive director of retention and customer experience, told The Idea that subscribers particularly value service journalism that displays the breadth of the Times’ coverage, as well as behind-the-scenes access to the journalism process. The Times’ early subscriber-exclusive experiments reflect these insights: In January, the Times’ launched Year of Living Better guides for subscribers, and the Caliphate podcast gives listeners a behind-the-scenes look into an investigative piece.
The Post’s subscriber-only product strategy centers around providing content in formats beyond the traditional article. “The goal is to find the most creative ways to bring content to subscribers that makes them want to continue to be loyal readers,” Miki King, the Post’s vice president of marketing, told Digiday. “We’re still giving you the journalism, but we’re giving you a different experience.”
The Idea spoke to Cotton in detail about the Times’s experiments with subscriber-exclusive content and other subscriber acquisition and retention tactics they’ve found to be effective. Check out our full conversation below, lightly edited for clarity and length.
We are responsible for everything from the first onboarding email you get right after you become a subscriber telling you about the Times and what you get with a Times subscription, through the times that you’re contacting us by phone or chat or email for customer service reasons, all the way up to the point that you decide to cancel, although we hope that you obviously decide not to cancel.
Between all of that, we are responsible for retention and engagement marketing — so doing marketing to our customer base to try to make sure that they’re seeing all the best things that the Times has to offer, and making sure we manage subscribers through important lifecycle moments in their journey as a subscriber. We have people who work on subscriber-only benefits to try to reinforce the value of a subscription and make clear to subscribers why what they’re paying for is worth more than the free product.
Then it’s subscriber-only content like the Year of Living Better guides that we’ve been doing. Then [we have] customer care — our whole customer service operations that answers the phones or responds to emails from subscribers who either have questions about our products or subscription offerings or who have complaints or concerns about anything we’re doing that they don’t like.
My team believes that by investing in the subscribers we have and making the subscription experience better and better, we’ll be able to help all parts of the subscription business. We’ll both improve retention on the subscribers we have — which is our primary goal — and we’ll create more opportunities for the rest of the company to attract new subscribers, because they’ll see more and more things they can only get if they decide to become a subscriber.
The subscriber-only [Year of Living Better] guides is a great example of that, where we are now marketing those as something you can only get if you decide to sign up and pay. So for people who are interested in journalism and service journalism like that — we know there are a lot — we think that’s something that might hook more people to pay for the Times. But above all, we think that that’s the kind of thing our subscribers really like and by reinforcing that they’re getting things that nobody else is getting, we think we’ll be able to convince them to keep paying and to boost our subscription business over time.
I think that’s down to a couple things: One, we know that subscribers like the breadth of The Times and things that show off that breadth — like the Year of Living Better guides that aren’t about hard news, but give subscribers a wider set of valuable journalism from the Times — really resonate with them in particular. And so we think there’s a pretty likely connection to that and the likelihood to retain.
Subscribers also tell us all the time that they love getting behind the scenes of our journalism — they love our journalists and getting to know who they are. So ways to connect our subscribers with them, either directly in person or via a conference call or some other form of digital connection, we get really fantastic feedback on them. We’ve seen in testing that those kinds of things help with our retention.
What we’re doing is making episodes available early to subscribers. Subscribers will get access to each episode one week before the general public. While everyone will be able to listen to this podcast, we think that’s it’s something that’s going to draw a lot of interest, particularly from our subscribers, and so we think that letting subscribers in early and allowing them to hear episodes before anybody else is going to reinforce the value of the subscription. It’s going to make them feel valued as a Times subscriber, and we hope will also probably, if other people hear about it, convince more people to become subscribers over time.
The other thing I’d add is that we’re experimenting all the time. A lot of these things we’re doing for the very first time — certainly for the podcast and the guides series too, except for some testing we did last year — so we’re going to see how it works and we’re looking closely at the data we get from it. The cases where we see success we’ll probably do more like it, and the cases we don’t, we’ll move on and try other things.
I think that’s been the theme of this kind of work: that it’s been deeply collaborative and cross-functional, and that in many cases, they’re editorial-led ideas. Because we as a company have decided that we’re going to make subscriptions the focus of our business strategy, writers in the newsroom and editors and product managers and designers are always thinking about what we could be doing for our subscribers on a much more regular basis than they were before.
So oftentimes it’s people coming to us with ideas and us working together to figure out the right way to execute them, rather than us coming up with ideas on our own and trying to convince people to get on board — which I think is a much more collaborative and productive way of working on these kinds of things. The journalism of the Times is such a strong selling point as a reason to subscribe that that’s what we want to be putting front and center, and so we try to make as many of the ideas as we can stem from that.
We’ve also had a lot of success in the last year-plus from our Crosswords product and our Cooking product, which are now also subscription products that you can pay for on their own or as part of a bundle. We’ve seen a lot of success using those in every way: We’ve gotten people who don’t want to subscribe to the Times otherwise but do use one of those products to become a Times’ customer, and we’ve gotten a lot of people to subscribe for more money by bundling all those things together in one package or special offer. We’ve also seen success in trying to get current subscribers to use those products in a way we think can drive retention.
Meena Lee and Sarah Guinee are strategy research fellows at Atlantic Media.