Comments and Opinion on the media business from a thirty year veteran of newspapers, magazines, internet and TV, a lawyer, a journalist, and a business executive
Wednesday, February 25, 2009
The genie is out of the bottle. Consumers won't pay.
"Did the industry make a mistake giving away for free on the web content generated for a profit in print? I don’t know if it was a mistake or not. It really doesn’t matter anymore."
The New York City market is very competitive with lots of free content from other news sources; the long island market is not very competitive--will be interesting to see whether folks are willing to pay for high quality local information; it had better be easy to "buy" it--the time of the transaction itself will make people jump off the web site.
Doubt it will work. Probably lose more than 90% of its readers.
Newsday Plans to Charge for Online News http://tinyurl.com/bqgohu
ReplyDeleteThe New York City market is very competitive with lots of free content from other news sources; the long island market is not very competitive--will be interesting to see whether folks are willing to pay for high quality local information; it had better be easy to "buy" it--the time of the transaction itself will make people jump off the web site.
ReplyDeleteDoubt it will work. Probably lose more than 90% of its readers.