Traditional divides between editorial and commercial teams undermine revenue growth. Here’s how to close them.
For years publishers have run two trains on parallel and rarely converging tracks: editorial teams pursuing journalistic ambition on one and commercial teams chasing revenue targets on the other.
This traditional church‑and‑state divide was intended to protect editorial integrity. But it is fast becoming a luxury few publishers can afford.
Search referrals are dwindling (a resulting 10% decline in news traffic is a conservative estimate); social platforms have cooled on news; and ad‑blocking is siphoning revenues, with $54 billion lost last year – about 8% of total digital ad spend.
In this climate, living with misaligned content and business strategies is not only wasteful – it is existential.
At HBM Advisory we call the gulf between what editorial and produces and the business needs the alignment gap. Close it and journalism becomes a predictable growth engine; leave it open and value leaks at every turn.
How the alignment gap drains money
Acquisition without retention – a punchy marketing offer may pull in thousands of triallists, but if the journalism fails to match the promise of the sell, readers churn and your true acquisition costs rocket
Traffic without monetisation – one‑off specials generate seemingly meaningful spikes, yet without a pathway to subscription, sponsorship or premium CPMs the costs are rarely recovered
Mixed messages at the paywall – seasonal campaigns devised in isolation from content plans leave readers baffled; a flagship investigation sits behind the same paywall as a routine match report, yet both are priced identically
The unifying symptom is straightforward: rising content spend with no commensurate uplift in ARPU or lifetime value.
All is not lost – we have spotted four principles that can get everyone back on track:
Shared metrics that celebrate editorial impact
Page views alone are blunt instruments. We recommend leadership teams adopt metrics that point to sustainable revenue growth – particularly those based around users’ engagement with content – keeping the spotlight on the resonance of the journalism
Technology that amplifies editorial judgement
AI‑driven models can characterise stories by their likelihood to convert or retain readers. We developed our own tool to help clients with this. It never dictates commissioning; it simply suggests what might nudge a prospect into reading more or paying more
A culture that prizes mutual accountability
Newsrooms rightly guard their independence. Nonetheless, we have regularly recommended that representatives from the marketing, subscriptions and data teams are permanently embedded in the newsroom
Shared stewardship of the product roadmap
Too often, tech pipelines are dominated by either commercial wish lists or newsroom pain points (or in the worst case scenario, the need to overcome technical debt). Our roadmap workshops create a joint council – editorial, product and commercial leads with equal votes – that ranks features against two filters: reader‑experience uplift and revenue acceleration
The pay‑off: revenue that rises with journalism.
Publishers who embrace alignment enjoy measurable gains:
Margin expansion – businesses that systematically link editorial effort to revenue drivers will progress from declining to growing margins. Proof that smarter allocation, not higher spend, moves the dial
Stickier subscribers – when editorial calendars are mapped to audience segments, early‑life engagement improves and involuntary churn falls. Those clients that are able to provide the readers who are most likely to subscribe with content that truly piques their interest are the winners. They will see an increase in engagement throughout the life of a subscriber and enjoy lower rates of churn.
Investment headroom – with clearer ROI narratives, boards are more likely to embrace investment, ranging from new podcasts and video content to new verticals or even entirely new products. The newsroom shifts from being a cost centre to a strategic asset
Most importantly, alignment fortifies publishers against future shocks. Whatever the next curveball – and there will certainly be more of them – publishers that understand precisely how content drives cash can pivot first and fastest.
Move fast, or miss the train
Alignment is not a tactical tweak; it is an imperative for survival. For every quarter you delay, stories that go unread mean that you miss revenue targets, promotions acquire the wrong readers and potential subscribers slip away to better‑tuned rivals. We can help you diagnose the leak, quantify the upside and mobilise teams in weeks, not months.
So to sum up: mind the gap – then close it.
If you would like a partner who has walked this track before – and can show you the shortcuts – get in touch. Your journalism deserves nothing less than a business model engineered to match its ambition.
Why HBM Advisory?
Our advisory practice is built around five service pillars, each designed to close the alignment gap and future‑proof your business:
Perfect your business strategy – we craft fully costed, multi‑year plans that unite commercial and editorial ambitions behind a single set of goals
Build your AI capabilities – drawing on proprietary tooling and partnerships with established AI pioneers, we pinpoint where it adds value – and where it does not
Refine your customer journey – from pricing and bundling to onboarding and engagement, we plug the leaks in your funnel using best practice from leading publishers worldwide
Optimise your content strategy – our proprietary platform, Content Review, analyses every article in a depth that no human can, revealing the formats and topics that best support both reader value and revenue
Align your team structures – we map the skills, roles and rituals required for a modern data‑literate newsroom and help you restructure without losing your cultural identity
To book a free consultation, message me at michael@hbmadvisory.com
- https://digiday.com/wp-content/uploads/sites/3/2023/11/PERMUTIVE_SOTI_111323_final.pdf – This report discusses challenges facing digital publishers, including revenue losses in the open marketplace and the shift towards direct-sold models to counteract these losses. It aligns with the article’s themes of revenue challenges and strategic adaptation in the publishing industry.
- https://pressgazette.co.uk/comment-analysis/digital-publisher-display-revenues-stabilise-for-first-time-in-two-years/ – This article highlights the stabilization of digital publisher display revenues and challenges in subscription revenue growth, reflecting the broader economic pressures and strategic shifts in the publishing sector mentioned in the piece.
- https://publishers.org/news/aap-statshot-annual-report-publishing-revenues-totaled-29-9-billion-for-2023/ – This report provides insights into the publishing industry’s revenue dynamics, noting a slight decline in overall sales but a significant shift in print and digital formats’ contributions. It supports the discussion on alignment between editorial and business strategies.
- https://www.publishersweekly.com/pw/by-topic/industry-news/financial-reporting/article/95788-publishing-industry-sales-fell-slightly-in-2023.html – This article details the slight decline in publishing industry sales in 2023, with a notable drop in unit sales, which points to challenges in maintaining revenue growth, similar to those discussed in the article.






