According to reports, Newsday plans for pay for access to its online content, making it one of the first major newspapers to go that route, while others, save the Wall Street Journal, have gone to a free model.
Now, the big question: Will the business model work?
Here’s a snippet from a story in today’s Newsday
While specifics of the plan remain unclear, Cablevision chief operating officer Tom Rutledge – on a conference call Thursday – drew a link between declining newspaper fortunes in general and plans for Newsday in particular.
“When we purchased Newsday, we were aware of the long-term issues facing the traditional newspaper industry,” Rutledge told analysts Thursday. “We plan to end the distribution of free Web content and make our newsgathering capabilities a service to our customers.”
One expert quoted on Long Island Business News’ Web site thinks Cablevision’s plan won’t work:
The economy is very, very bad, said Kevin B. Kamen, the president of Baldwin-based Kamen & Co. Group Services. People are not in the mood to pay extra for anything. They are out of work. They don’t have the money.
What do you think?
And remember, Newsday Publisher Tim Knight first intimated that the paper might move to a paid model at a Press Club of Long Island panel earlier this month.
Take a look: