Results matching “timesselect a m”

It is becoming increasingly clear that a proportion of general news content is going to be put behind some kind of a pay wall in upcoming months. Several publishers have expressed their intentions to start charging, and several third parties want to help them do it. Journalists don't seem to want it, it seems pretty unlikely that readers would want it, so how are publishers going to succeed? Can it restore value to good journalism which is increasingly becoming a commodity? The Editors Weblog takes a look at some of the different services on offer and strategies being considered.

Journalism Online

First, Journalism Online, a start-up founded in April by industry experts Steve Brill, Gordon Crovitz and Leo Hindery, has taken facilitating charging for online content as one of its core goals. Brill made a presentation at the NAA-organised newspaper executives' meeting in Chicago on May 28 at which Journalism Online's mission was stated as enabling "news organizations to restore the optimal mix of circulation and advertising revenue necessary to finance original reporting and editing" hence giving them the chance to "realize the revenue they deserve--and can command--from readers and distributors for their digital content."

Journalism Online is marketing its proposal as an e-commerce platform. The idea is that it would make premium content from multiple publishers easily accessible to readers and allow annual, monthly subscriptions, day passes or single articles. There will also be all-you-can-read bundling options. Publishers will decide what content they want to charge for, how much to charge (though it is unclear how all-you-can-read prices will be decided) and how to charge. In the presentation, Brill suggests $50-60 a year and $5-6 a month for small to large city papers, but he stressed that this was an arbitrary choice and clearly the price would depend on how much content the publisher put behind the pay wall. He had previously suggested $15 a month for an all-you-can-read subscription.

The company maintains that implementing its system will not lead to a substantial loss in traffic or ad revenue, claiming that papers would be able to keep 88% of page views and 91% of ad revenue, as any paid content would be part of a hybrid model. In his examples, Brill demonstrates how he believes a paper could essentially double its income. Brill has also stressed that Journalism Online will incorporate lots of sampling. He told Nieman Lab's Zachery Seward that Journalism Online's assumptions are that 5-10% of current monthly unique visitors will be willing to pay for content; that 95 percent of those paying customers will choose subscriptions over micropayments; and that after subscribing, those readers will view 30-40 percent more pages than non-paying readers.

Overall, the company seems to be presenting its service as a chance for newspapers to focus on their best customers, offering a premium service to those who are prepared to pay. At the Chicago meeting, Journalism Online also emphasised the advantages of paid online content in terms of preserving the print product: it is "about the value proposition of print... about print subscriber acquisition and retention costs."

ViewPass

Another third party service was presented at the NAA-organised meeting in Chicago: ViewPass. It is the brainchild of Alan Mutter and Ridgely Evers, and could be implemented in 9 months at a cost of $6 million. The idea is that newspaper readers would be required to register once with ViewPass and it would then track their activity across participating websites.

Like Journalism Online, it would aim to offer readers the chance to purchase premium online content from multiple sources, with potential for subscriptions, micropayments and bundling. Essentially, the ways in which it differs is that ViewPass would be industry-owned, giving publishers the chance to (hopefully) share profits in the business itself, and it most crucially it would allow users to 'pay' for their content with their time or their information instead of with cash, because of their increased value to advertisers. In fact, ViewPass would focus on presenting readers that were attractive to advertisers for highly targeted ads. Mutter himself is not enthusiastic about charging for much online content, suggesting to Nieman Lab that it would only work for specialist content.

Circlabs

The creation of another start up was announced the day before the Chicago meeting: CircLabs, founded by Bill Densmore, Jeffrey Vander Clute, Martin Langeveld and Joe Bergeron. Its first product, code-named Circulate, aims to "offer a solution" to publishers who are experimenting with micropayments and subscriptions, suggesting that they should charge for content which is "both scarce in nature and of high utility to a segment of the audience." CircLabs is also focussed on developing opportunities for "high-value" advertising revenue, and plans to incorporate personalised news services. Further details are yet to appear.

Efforts of individual publishers

News Corp CEO Rupert Murdoch has announced that all the company's newspapers would be charging within a year. It is looking at bundling content, according to chief digital officer Jonathan Miller, such as putting all the media conglomerate's New York-based content into one subscription package. One of the company's prime assets, the Wall Street Journal, is proof that paid premium content does work, although of a specifically financial nature. The paper is to expand its paid online options, with plans to introduce micropayments later this year along with a further level of premium subscriptions. Murdoch suggested that the company wants to "test" a pay model on some of its stronger properties first, and there has been speculation that the Sunday Times will be among these. The paid online content debate, although definitely present in the UK, has not been as strong as across the Atlantic, and it would be interesting to see what sort of reaction such a move would provoke.

MediaNews Group is planning to charge online under the belief that "we continue to do an injustice to our print subscribers and create perceptions that our content has no value by putting all of our print content online for free." A memo to staff from CEO Dean Singleton and president Jody Lodovic suggested that a part-paid strategy is in the works, and made it clear that the company is intending to charge for existing content rather than for new products or services.

The New York Times is apparently looking at two different ways in which it could charge for online content. The first would be somewhat similar to the Financial Times' model, whereby readers could surf the site without charge until a page-view or word limit were reached, when a 'metre' would start running and it would charge a user for the rest of their time spent. (The FT allows 10 free articles per user per month, then demands a subscription.) This would have the advantage of not putting specific content behind a paywall, and therefore not angering journalists.

The other option is a 'membership' scheme: readers would donate money and subsequently be invited into a "New York Times community," which would offer them free merchandise and other benefits. Possibly a tiered membership scheme could be implemented. When these proposals were discussed, Bill Keller told staff that a decision would be made by the end of June. The NYT is wary following its failed TimesSelect experience back in 2007 and seems determined to find a solution that will not damage its significant ad revenue.

Potential obstacles: search and antitrust

Currently many people find their news through search engines such as Google, and for articles to get good Google rankings and appear higher up in search results, they cannot be behind a paywall. Newspapers must strive to find an appropriate solution to this when they start charging: the Wall Street Journal's tactic of allowing its paid content to be accessed free via Google is clearly not fair to its paying customers, and is a definite deterrent to potential subscribers.

Antitrust regulations in the US effectively prevent publishers from coming to a joint agreement on when and how they should start charging for content. At the newspaper executives' meeting in Chicago on May 28, an antitrust lawyer was present to make sure all the discussion was legal. Poynter analyst Rick Edmonds suggested that the use of a third party "vendor" such as Journalism Online could be the solution to these concerns. Journalism Online has taken on David Boies and Ted Olson for antitrust advice.

So, is it going to work? And how?

Undoubtedly, implementing paid content is going to be a considerable challenge and is likely to involve substantial experimentation. Newspapers need to consider what exactly they would want to charge for, for example whether they could create a new paid service or put what is currently free behind a pay wall. It seems as if it would be easier to persuade people to pay for something new, rather than telling them they have to start paying for something previously free. But then people might decide that they are happy with what they get now and that they do not want to pay for anything extra. A paper with a highly developed website such as the New York Times could possibly offer basic news free but keep its interactive graphics and other more innovative content for its premium customers.

As yet, Journalism Online seems to be ahead of the pack with regards to third party services. No papers have publicly signed on but Brill told Seward that he had already spoken to about half of those at the Chicago meeting. In terms of connections and credibility of its founders, Journalism Online has a head start. ViewPass and CircLabs do seem to be onto something, however, with their focus on offering consumers as targets for higher-revenue advertising and effectively allowing them to pay for their news by looking at ads. Could these companies coexist, or is there only room for one?

A crucial factor which should not be underestimated in any attempt to charge online is ease of use for the consumer. People will be far more likely to part with their cash if doing so is simple and straightforward. For this reason, sign-in-once and all-you-can-read offers are likely to appeal. And once people are paying, the level of service should reflect this: good journalism presented attractively and accessibly. An element of personalisation would also seem worth paying for.

Can paid online content 'save' newspapers? If Journalism Online's figures are correct, it looks like it could make a significant difference to a newspaper's fortunes. The next few months will be telling in terms of experimentation and competition between proposals, but it will take some years for the definitive answer to this question to be realised.

According to the New York Observer, the New York Times is considering two different proposals for charging for content. Executive editor Bill Keller told staff about the ideas that the paper is looking at.

One is a "meter system" which would allow the reader to surf the site without charge until reading a predetermined limit - words or pageviews - after which a metre will start running and the reader is charged for the rest of their movement on the site. It is not clear whether readers would be allowed a certain limit per day, or how else this would be measured. Keller apparently warned staff at the meeting that this pay model would be "tricky" as a fine balance would have to be found: if the limit of free content was too small, readers could be discouraged and traffic would fall, while as if it was too high, there would be little improvement in revenue.

New York Times reporter Jennifer 8. Lee gave details on her Twitter feed of the paper's discussions at a strategy presentation to staff yesterday on how the Times might charge for online content, amongst other things. The meeting for news staff was held at the company's Manhattan based headquarters, reported the Guardian.

Her 'tweets' indicated that the NYT is considered introducing a tiered membership scheme, which was compared to an American Express credit card membership with different levels such as platinum and gold. The paper is also "rethinking the assumption that home delivery subscribers get access to everything," and thinking of membership as a "brand building product, not online product."

New York Times Company chairman Arthur Sulzberger yesterday told shareholders that the group's papers will be "exploring a new online financial strategy" in coming months. He also was clear that there were no plans to take the company private.

"We continue to take a fresh, hard and deep look at various subscription, purchase and micropayment models," he said, according to a text of his prepared remarks seen by Editor & Publisher. "We will have more to say on this subject at a future date." Change does not seem to be coming in a hurry, however. He described how the company has analysed the business models of more than 30 different organisations to find those which are most effective at generating online revenue and concluded that "the advertising model we have used at NYTimes.com has generated more revenue than the vast majority of other organizations, including some that are much larger than our site."

Following increased discussion in the media world of the non-profit model as a potential saviour for newspapers, the idea of paid online content has returned to the forefront of the debate, and different ways to implement this have been proposed. What most of the arguments are lacking, however, is an acknowledgment of the free spirit of the Internet and the necessity to maintain this. If the tides are to be reversed and people are to be persuaded to pay for information again, any online payment program that is established should not erect pay walls between publications. Paid online content would be a huge step for newspapers, and a reversal of current policy, so great thought and care are required to ensure that it is a step taken in the right way. But as online advertising revenue slows, and newspapers' very survival is threatened, could paid online content indeed be the solution?

The current micropayment debate

Walter Isaacson's article in Time which first spurred the debate makes the valid and interesting point that maybe returning to paid content would actually be a positive change for the industry in terms of the way that journalists work. Charging readers for content is based on very different principles to charging for advertising. When seeking income from advertisers, readers become less of a priority: "eventually you will weaken your bond with your readers if you do not feel directly dependent on them for your revenue." Isaacson believes that the key to attracting online revenue "is to come up with an iTunes-easy method of micropayment," that would allow impulse purchases of individual articles, rather than having content available purely by subscription. As many newspapers have already tried and failed to generate income via paid subscriptions, it would seem that micropayment is definitely worth considering.  

Steve Brill's memo to the New York Times that was published in Poynter, advises the paper on "how to get off the free-content treadmill", calling for the NYT to lead the way in establishing a new paid content model. He points out that "getting an average of just $1.00 a month (3.3 cents a day) from each visitor [who currently uses the site] would yield $240m in new annual revenue." He outlines a plan whereby online articles will cost 10 cents each, a day pass for all articles would cost 40 cents, a month would cost $7.50 and a year $55. Passing on an article would cost 5 cents. This combination of subscriptions and the possibility to purchase individual articles makes sense, but there are flaws in this proposal.

All newspapers in one payment plan?

First, an industry-wide simultaneous switch would undoubtedly be a preferable solution, and arguably the only one that has a chance of succeeding. Any newspaper that unilaterally decides to start a paid content system for information that can be found elsewhere is bound to suffer from a lack of readers, as people will simply go elsewhere. Few people who get their news online have undying loyalty to one or two individual publications any more. Brill suggests "a new marketing campaign would promote the fact that the Times alone among daily newspapers (until the others follow) is charging for its content because 'you get what you pay for.'" Obviously it is possible that this would work, but it would be a huge risk and it is likely that many readers would immediately be lost, and content would be isolated, as TimesSelect content was during its brief period behind a pay wall. The idea of paying to forward an article further fortifies this wall. Forget traditional concepts of competition: newspapers need to come together so that paid content will work for everybody.

Along similar lines, offering subscriptions to each individual paper is unlikely to work anymore. Online readers have become accustomed to looking at many different sources of news each day: one of the greatest advantages of online news is that you can move freely between publications, and papers are becoming more willing to link to each other's content. This is something that should be maintained, setting up walls around individual papers is inconsistent with the benefits of the web. So papers should join together and implement a system by which users can use the same payment method for many, or ideally all, publications, whether subscription-based or micropayments. In discussion with Isaacson, Daily Show host Jon Stewart suggested a cable TV style model, whereby newspapers group together to form packages. This would definitely be preferable to individual publications proceeding alone, and might provide some healthy competition. But the user would benefit more from just one universal system, as it would be simpler to access more publications in a way that is more coherent with the current way that people use the web. Choosing between different 'packages' could be a confusing and frustrating exercise and there is the risk that media companies would align along partisan lines and further polarise the industry politically.

In line with the idea of free movement, costs would have to be lower than Brill suggests for individual articles. An ideal system would be one where costs are so low that people will not hesitate to read as many articles as they like. Any payment system developed will have to be created with the less tech-savvy user in mind. It must be extremely easy to use, unobtrusive and transparent with regards to costs. The importance of ease cannot be over-estimated; it is essential not to put people off by making registration too complicated.

iTunes or iNews?

Countless parallels have been drawn between the newspaper industry and the music industry. Obviously the two industries are very different and purchasing a song is not the same thing as buying an article: not least because you are likely to listen to a song again and again while as you would often only read an article once. Consequently, any pricing structure for newspaper content must reflect this difference, with articles costing a tiny fraction of the 99 cents that iTunes, for example, charges for a track. But there are some lessons that newspapers can learn. A crucial point to understand is that a site such as iTunes is so popular because you can buy a huge amount of music there, from many different record labels, and the pricing strategies are very simple. Once a user has set up their account and entered payment details, it is very easy to make purchases. Although newspapers may not want to lump their articles all in one place, but rather retain their individual websites, one payment scheme for all definitely seems as if it would be the most usable. A pre-paid account, or a system whereby you just needed to register your card details would probably be easiest to use.

One issue that people have often pointed to when comparing the newspaper and music industries is that many people are still prepared to buy songs legally even though they can frequently be downloaded free. According to NewspaperDeathWatch, it is the artists themselves who "drove transformation" and persuaded their fans that their music was worth paying for, and made clear the damage they cause to the industry by downloading free songs. "It's up to reporters and the emerging breed of online news organizations like Talking Points Memo to convince their fans to fork over a few pennies to consume their stuff." People feel guilty about getting free music from their favourite artists, maybe people's consciences can be evoked over consuming newspaper content free if it is damaging their favourite journalists?

The value of newspaper content

So is a return to paid content the answer for newspapers? Not everybody thinks so. New York Times op-ed contributor Michael Kinsley compares the amount of money to be made from charging online NYT readers of the $2 a month to that currently made from advertising and circulation, and as the paid online sum is so much smaller he concludes that "$2 a month is not going to save newspapers." But with more and more readers moving online, and advertising and circulation revenue dropping, it is something worth considering. Advertising can still be used to generate additional income, as long as it remains relatively unobtrusive and inoffensive.

A world-wide, newspaper-wide paid content system would undoubtedly be complicated and costly to set up, but if it could provide the vital extra income needed to save the industry, it might well be worth it. A system that allows people to move freely between publications in the way that they can now, and encourages newspapers to link freely to one another so as to make best use of the advantages of the web, is essential. And hopefully readers will not only think that newspaper content is worth paying a small amount for, but learn to value this content more.

The New York Times is now discussing making readers pay for online content. Less than two years after abandoning fees to help boost revenues from advertising, editors are now considering making some of its online features paid-only.

Though Executive Editor Bill Keller gave no specific details or characteristics of this change, he mentioned that the internal discussions were general and ongoing, reports Editor & Publisher.

According to the European Journalism Centre, not only is free music popular amongst fans, it can also sell.  EJC gives the example of Trent Reznor`s Nine Inch Nails, whose album Ghosts was the best-selling of 2008 on Amazon's mp3 store- despite initially being released for free.

The question of how to balance advances in technology and free online resources with more traditional, and generally more profitable, methods is perhaps starting to be answered by the music industry and bands such as Nine Inch Nails.  And it coincides with conscious efforts by newspapers to create effective websites without leaving their corresponding publications obsolete.

The Irish Times is one of the latest to launch a free website, after being subscription-only for around five years.

According to PaidContent.co.uk, the site itself will have richer content and will allow readers to interact more successfully with each other and with the newspaper staff.

The Irish Times is currently integrating its newsroom. "In a new world where trust and accuracy are often the casualties of speed," it will also seek to further co-ordinate print and online content.

"The move to a free Irish Times on the web follows in the recent footsteps of many leading newspaper titles in the world today, among them the New York Times and the Los Angeles Times," wrote the Times.


Source: PaidContent.co.uk through David Black, IrishTimes.com

See also:

La Tribune opens archives, another news site edges towards free
User traffic increases after the closure of TimesSelect
UK: Guardian integration/ away from editorial funnel towards dual overhead

The website of French business daily La Tribune has opened the near-totality of its online archives, reported Rue89 and AFP.

The only remaining paid-for articles are those of the current day's print edition and the nine previous ones.

"Globally, we made a little revenue with the sale of our archived content, but relatively little. Since we have a model of a free online site paid by advertising, we hope that the increase in the number of page views will translate into a mechanical increase of ad revenue," said Olivier Provost, Editor-in-Chief of latribune.fr.

La Tribune's move comes as a growing number of newspaper websites move to a free online model (or rather, a model paid by advertisers rather than by users directly) and open up their archives.

Even the monthly publication The Atlantic opened its paywall in January. Last year, nytimes.com removed its TimesSelect paywall, and since then user traffic has soared, further putting into question the viability of the online paid-for model. Yet some papers have gone the other route, such as the Guardian and Observer, or the Wall Street Journal, which has kept its paywall despite initial talks to remove it.

La Tribune was acquired from luxury group LVMH by NextRadio TV chief Alain Weill at the beginning of the year.

Source: AFP Mail

In The Guardian’s review for new media, Jeff Jarvis calls 2007 “the year of Facebook,” as social networking and Facebook were discovered en masse by a wider international community. He also discusses the end of the paywall and the rise of Google.

A short bit of news, in the wake of Guardian Unlimited reaching its record number of unique visitors during October. One might think that The New York Times would have more online readers than the Guardian. Not so.

Only a month has passed since New York Times ended the subscription-only TimesSelect, but readers seem to have caught on fast. Within the past month the now free Op-Ed section of NYTimes.com has more than doubled in unique visitors.

After freeing up some of its current articles and launching audio versions of its editions, the venerable British weekly, The Economist, is poised to put it's content dating from 1843 online in The Economist Historical Archive. The move follows other papers such as the New York Times and the Guardian.

You might have seen news about Radiohead releasing its latest album for free – letting users choose how much they want to choose to pay for it. Besides implications for music fans, there are parallels with the news industry.

FT.com, which was one of the few major newspaper websites to keep content behind a paywall, is taking a first step towards its removal. “Casual” readers will be able to read articles and data up to 30 times a month for free, starting in mid-October.

Shortly after closing down its TimesSelect paywall, The New York Times is launching a branding initiative that could be considered anecdotal in the online future, changing its traditional motto into “All the News That’s Fit to Click.”

About a year ago, the Editors Weblog predicted that NYTimes.com would suffer from its move to restrict access to op-ed columnists through TimesSelect. A non-scientific look at the situation, a few days after TimesSelect was pulled down shows that this is the case.

The Wall Street Journal’s new owner, Rupert Murdoch, has again made a case for taking WSJ.com free, hours after The New York Times announced it was pulling down TimesSelect.

The New York Times announced the shuttering of its online subscription service, TimesSelect. The obvious question: is this the end of the paid-for online model altogether? How will the Wall Street Journal’s (WSJ) website, the Web’s largest paid-for subscription website, react? The Editors Weblog collected the insight of media analyst Philip Stone, Ali Rahnema, Corporate Development Director at the Irish Times, and Daniel Bernard, General Manager of WSJ Online.

The New York Times Co. announced that it will end its paid online service TimesSelect, in light of the changing online users landscape, hoping to generate sufficient ad revenue from the increased traffic that will result.

There have been recent talks about freeing WSJ.com, just as The New York Times is also deciding whether to drop its TimesSelect service. But would this be a worthwhile business strategy for the world’s largest paid-for subscription service?

Since its launch, the New York Times online sub, TimesSelect, has been praised by some, criticized by most: even opinion within the walls of the paper was radically mixed. Now, it seems that after almost two years of existence, TimesSelect may be on the way out.

In a recent interview with Online Media Daily, Vivian Schiller, senior vice president and general manager of NYTimes.com discussed positive developments and plans for marketing and growth.

New York Times editorial page editor Andrew Rosenthal has said he wants to expand Internet opinion content, especially behind the TimesSelect pay wall.

21,000 new subscribers have signed up for TimesSelect since The New York Times has made its paid-for service free for academics. How does this affect considerations of online business models, and does it mean the upcoming TimesReader will be successful?