Tracy Boyer Clark is founder and CEO of Repotory, an online service that allows readers to create a daily newspaper based on their interests. She is also a senior marketing manager at IBM. Clark started her journalism career as a multimedia producer at The Roanoke Times in Virginia. In this interview, conducted by email, Clark talks about the origins for Reportory and how the service works.
Q. What is Reportory, and how did you come up with the idea for it?
A. Reportory is an à la carte news customization platform that allows readers to create a daily customized news digest based on what news sources they read, which sections they enjoy and any key terms they want to be sure not to miss.
The word “Reportory” is a mixture of “report” and “story” as we see our product being exactly that — a report of multiple news stories. It is also a play on words to repertoire, a collection of things.
I came up with the idea in 2008 while working at The Roanoke Times. I went on a delivery ride one morning and thought about how this model couldn’t exist much longer but that the personal touch of hand-delivering your news was something that readers valued.
Then, at an earnings meeting when I learned that people and paper were the two most expensive components of running the newspaper, I started to think about ways to remove the printed paper and reduce the people involved while still delivering the news in a packaged way — but with a new twist to use technology to customize the news for every person since readers only like certain sections. So now I still “deliver” customized news to readers, just into their inbox, not their doorstep.
Q. The site delivers the news primarily as a PDF. Why did you go with that format?
A. Glad you asked! When I started working on this business, I recognized the plethora of news aggregation apps out there already (Flipboard, News360, News Republic, Circa, Yahoo News Digest, etc).
However, those are just available on mobile with no other reading format. This works great for Gen Y, but I wanted to focus on the two generations before them who have been loyal print readers and are used to that personal news delivery. Not all of them use smartphones or are as comfortable with mobile technology as the younger demographic. So as they cancel their news subscriptions due to rising costs or other frustration, I wanted Reportory to fill this news void for them.
That all being said, even though the PDF digest is the “personalized newspaper” we were first and foremost working on, readers also receive a daily link to read their articles online in their own customized news portal. In early 2015, we will be releasing our iOS apps for phones and tablets where readers can access their articles on the go.
Q. The big question for any startup is how you plan to make money. What about that aspect of Reportory?
A. One of the main differences with Reportory and any other news aggregation site is that we do not use free RSS feeds to link readers back-n-forth across the web. Instead, we license 100 percent of the content in order to use the entirety of the articles to create this new product.
However, since our platform is totally customized in terms of the news it delivers to each reader, we do not pay editors or other journalists to hand-pick what the top news should be. Thus, at this point content licensing and technology development are our two largest costs.
All Reportory readers can receive 10 news articles a day for free, and we will be implementing some customized advertising to offset this cost. Then, for serious readers who want more content, we have a tiered pricing model where they can pay $4.99/month for 20 articles daily or $9.99/month for 30 articles daily.
We have plans to provide paying users with additional benefits such as a list of stock market data in their digest if they select business as a preferred topical section or a list of sports scores if they select sports. Our goal essentially is to recreate the newspaper from the ground up for these readers but only with the content they want.
Q. You’ve seen many twists and turns in your career in journalism and communications. What advice do you have for today’s students who want to go into the field?
A. I have indeed!
I dabbled in traditional newspapers right after college, then went back to graduate school during the economic crisis to receive an MSIS because I am fascinated with technology and an MBA as I love all aspects of business and marketing. During grad school, I interned at a startup and at Lenovo before finally landing at IBM and now working on my own startup. So I have truly stretched and explored a good deal over the past 10 years!
My biggest advice for students today is to experiment and explore as much as they possibly can. They should realize that their first job out of college is likely not their 20+ year spot as it may have been for their parents. Instead, they should push themselves to try a role that they might not have initially targeted or a company that wasn’t initially on their radar.
Each of my internships and jobs has taught me so much about myself — what inspires me, challenges me, bores me, etc. That self-awareness is so important to determining one’s career path … and one I am still learning as I continue to stretch and explore!
I love the saying, “Only those who risk going too far can possibly find out how far they can go” by T.S. Eliot. That is my biggest takeaway for people in their 20s: to heed this advice and take those risks in the early part of their career and never live their lives with “what ifs.”