Newsday erects a pay wall. 35 people subscribe. Newspaper editors collectively shudder. Total cost of Newsday’s failed experiment? A cool four million dollars.
Reuters takes the opposite approach from the AP or NewsCorp. Good for them. Writes Chris Aheam:
Why? Honestly, why can’t newspapers be successful with online revenue only? Other companies finance their operations online. Google is financed entirely (or almost entirely) through ad revenue. Why can’t the news survive in this form?
Matt Yglesias points us to a very bad idea coming from the typically pretty savvy Richard Posner:
Resting at the heart of State of Play (2009) is not so much the personal relationships of the characters – who are mostly forgettable save for Crowe’s Cal McAffrey – or the grand (and oddly relevant) political conspiracy involving the Blackwater imitator PointCorp, but rather the struggle facing the newspaper itself. McAffrey, a rugged, rough-around-the-edges…