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The RISJ report, which surveyed 18,000 people in 10 countries, contends that established news organisations in some countries, such as Japan and US, are finding it hard to transform print success to the web.
You have to have really high percentage print success.
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In fact, the GYMGUYZ business model was built on challenges and as a result has proven to be a blue print for success.
I only once saw him refer in print to his success at bringing more diversity to the City Paper masthead, and that was in an article in which he cautioned the industry against doing away with internship programs.
The print magazine's success has been recently matched by the rapid growth of its award winning digital editions and daily news websites, www.theweek.co.uk and www.theweek.com and its digital advertising growth.
Never was that clearer than on days when we were charged with printing photos for "success stories".
It's true that perhaps the biggest "wrap" against investing time and resources in creating a strategic plan is that so many of them simply "gather dust" in three-ring binders, instead of serving as "living" blue-prints for business success.
For decades after Gutenberg, it was not even clear that print would become a success.
Digital subscriptions, begun the previous year, were looking like a success story; print circulation losses had slowed.
It's only when you look at the small print that Bolt's success becomes less impressive.
"To the extent you diminish your product, I think you diminish your success, in print or online," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com