"As The Kampala Sun
grows in circulation and reputation, the advertising revenue will follow. This will definitely be a boost to the group's total revenue," Nsibirwa said. Vision Group launched the tabloid with 3 500 copies but the circulation has almost doubled to 6 800.
The new tabloid was launched last December
, to inform youthful readers about what's happening on Uganda's social scene. The Kampala Sun
is published every Friday by the New Vision Printing and Publishing Company (Vision Group), and goes for Ugx1 000 per copy.
Growth in revenue
Last year, Vision's reported a 24% rise in group revenue to about Ugx62 billion from Ugx50 billion in 2010. Advertising revenue contributed about Ugx37 billion during the year compared to Ugx29 billion in 2010.
The strong growth in revenue was triggered off by an increase in advertisements on Bukedde TV and TV West, vernacular stations in Uganda.
So far, the tabloid has received great response from readers despite the prevailing competition in the industry. "For a new newspaper in a crowded market, our analysis of the market is proving to be correct so far," Nsibirwa said.
The paper however poses a risk of cannibalisation to some of Vision's existing newspaper editions including; Saturday Vision
and Sunday Vision
which targets almost similar audiences. To deal with the risk, Nsibirwa added that the company will use differentiators for the three products to thrive in the market.
Posted on 23 Jan 2012 09:54