Submission + - Newsday's Paywall - 35 Subscribers in 90 Days (observer.com)
tbg58 writes: After three months of deciding its readers should pay for content, the paywalled website of Newsday has garnered a total of 35 subscribers at the rate of $5 per week. The current owners, who bought Newsday for some $650 million have a total of $9,100 annual revenue (at $5 per week per subscriber) to report for the first quarter of paywalling.
This should be of interest to other media companies and conglomerates like the New York Times and Rupert Murdoch's Newscorp. The slightly-less-than-spectacular financial performance of the paywall as a web monetization strategy appears to vindicate the adherents of newer business models in the age of digital media.
This should be of interest to other media companies and conglomerates like the New York Times and Rupert Murdoch's Newscorp. The slightly-less-than-spectacular financial performance of the paywall as a web monetization strategy appears to vindicate the adherents of newer business models in the age of digital media.
