New York Times to charge for online subscriptions
Sunday, January 17, 2010
Recently, the newspaper industry has been struggling to generate revenue, and it has been forced to come up with new ways to promote readership. Consumers have started getting news from websites offering the information for free, leaving less newspapers delivered. Newspaper companies are now publishing online editions of its traditional print counterparts. However, newspapers are still failing to turn profits. Many papers are discussing charging for online subscriptions, including the New York Times. Chairman Arthur Sulzberger Jr. is getting close to announcing plans for setting a subscription fee, according to New York Magazine. After a year of debate, the Times has settled on adopting a metered system similar to the one the Financial Times has put in place. This system will allow subscribers to view a certain number of articles for free before being prompted to subscribe for a fee. They have not announced the cost to subscribe.
The Times is concerned about losing readers , but they feel this is the only viable option to make money.
Several people will end up subscribing to the online edition of the paper. Obtaining the paper online is no different than receiving a hard copy, it just comes in a different format. People will subscribe to the online edition because of its accessibility and availability, given the increased use of smartphones and wireless internet connection. However, the question remains, will this help the Times make money?
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