Search Traffic to the Ft Down 25-30%, Daily Mail Down 89%
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The Guardian reports a significant decline in search traffic to major news outlets like the FT and Daily Mail, likely due to Google's increasing use of AI in search results, sparking concerns about the future of online publishing.
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Global news seems to be oversaturated. There are dozens of outlets repackaging snippets from reuters and elsewhere into articles. They come out around the same time, hit more or less the same beats, and for the reader are essentially fungible with other articles on the topic.
Before AI overviews they would use SEO to game their way into traffic. That allowed everyone to publish the same content with lots of friction and the biggest brands would still do well. It seems AI overviews has shown these companies users "revealed preference", and it isn't for their high friction websites.
One nice thing about this new business model is that it doesn't rely on display ads (not that they can't do both). Conceivably ad rev could drop so low it isn't worth compromising their UX. So theoretically we could get far more readable news websites.
The new friction will be convincing the gate keepers you are a human.
Good day.