[Business] Facebook Users Prefer Broadcast Media
A couple of weeks ago, I posted an entry about Facebook becoming the largest news reader. Facebook does send more traffic to News and Media sites than Google News but looking more closely at the data, I noticed that the two sites send traffic to a very different list of News and Media websites. The following table starts to tell the story, showing the top 10 News and Media websites visited after Facebook and Google News last week.
These two lists are very different. In particular, notice the preponderance of print media brands among the top downstream sites from Google News.
A larger proportion of Facebook's News and Media traffic is directed toward Broadcast Media websites compared with Google News. The following chart illustrates this point nicely. The chart shows upstream visits to Broadcast Media websites from Facebook and Google News over the past year.
Compare that to Print Media websites where Google News, despite being a much smaller site overall, still sends almost as much traffic to Print Media websites as does Facebook.
Digging even deeper, let's look at a few individual websites. The Wall Street Journal last week received 10.37% of its US visits from Google News compared to only 1.41% from Facebook. The New York Times similarly received more traffic from Google News than from Facebook (5.21% compared to 2.96% of upstream visits). Fox News and CNN by contrast received more traffic from Facebook than Google News. Fox News received 5.50% from Facebook and 1.18% from Google News while CNN received 5.92% from Facebook and 1.77% from Google News.
But why the difference? Do Facebook users prefer Broadcast Media? I ran a correlation analysis to try to figure out if the amount of traffic Facebook sends a site is related to the number of fans a brand has on its Facebook page. I found no such correlation. (For the analysis, I used downstream visits from Facebook to 23 top News and Media websites excluding news aggregators and compared this to the number of fans on the associated Facebook page.)
A colleague pointed me to an article in the New York Times suggesting that social networks are creating a water cooler effect and actually boosting viewership of broadcast media. Is Facebook the new water cooler and if so, how can print media capitalize on this trend?
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