Popular News website charges for access - after 3 months has only 35 subscribers

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Popular News website charges for access - after 3 months has only 35 subscribers

The sound of doom for other news sites wanting to make money off the internet. Three months ago Newsday.com spent $4 million revamping their website and started charging readers $5 per week for access and some extra tools. After 3 months or running they admit that only 35 people have joined the site.

 http://www.newsday.com

... Quote:
That astoundingly low figure was revealed in a newsroom-wide meeting last week by publisher Terry Jimenez when a reporter asked how many people had signed up for the site. Mr. Jimenez didn't know the number off the top of his head, so he asked a deputy sitting near him. He replied 35.

Michael Amon, a social services reporter, asked for clarification.

"I heard you say 35 people," he said, from Newsday's auditorium in Melville. "Is that number correct?"

Mr. Jimenez nodded.

Hellville, indeed.

The web site redesign and relaunch cost the Dolans $4 million, according to Mr. Jimenez. With those 35 people, they've grossed about $9,000.

In that time, without question, web traffic has begun to plummet, and, certainly, advertising will follow as well.

More here http://www.observer.com/201...



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newsday.jpg - 25.13kb
By netchicken: posted on 27-1-2010

What fools, seriously who is gonna pay for news when you can get it for free? I mean it doesn't take a rocket scientist to figure out that if your gonna start charging for once free content, the people will simply pack up and move in droves to other websites.
By mg.mikael: posted on 31-1-2010








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