Tuesday, June 8, 2010
It's getting to be fish or cut bait time for the newspaper industry, and it is paying a lot of attention to plans due to be announced in the next couple of days by the Murdock empire to erect a pay wall at the venerable Times of London. The Times is planning to announce prices and procedures for forcing online viewers to pay for content.
New media folks, of course, all say it will be an abysmal failure. Most newspaper publishers are hoping that it works since they'd like to get more income from their online product. It involves a balancing act: Will enough viewers pay to offset possible declines from advertising revenues. The bottom line, of course, is that online advertising revenues aren't high enough to pay for quality journalism.
Posted by Steve Byers at 1:07 AM
Moody's, the financial firm, issued a private report about the future of newspapers. There are several stories available on the Internet, including from Media Post, that give parts of the report. It's interesting to see the emphasis since the Moody's report says that newspaper advertusing is stabilizing, but just for a year.
Posted by Steve Byers at 1:02 AM