Their new website cost over $4 million to have designed (And being honest, I don’t even like it. I prefer my news on white.) Anyways, the $9000 they have made so far off their $5 per week fee is not going to cover the cost of the site, or the writers, or even the light bill!
So here is my question…if people paid for papers for centuries, why are they choosing not to pay now? Business websites are doing well with subscriptions, but your news sites are not making it, as Newsday.com is showing us.
My guess is Newsday.com’s biggest competition is all the other news sites that are too scared to take the plunge, but are losing millions every year. But even if all the news sites went subscription based, would people just stop checking out the news? Would blogs subscriptions and twitter meet all your news needs?
Well as the on-line news world tries to predict the future, someone needs to take the publisher of Newsday.com Terry Jimenez out for a drink today.