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To Save the News, Look to iTunes

Model proves people will pay for what could be free

By Matt Cantor,  Newser Staff

Posted Jan 12, 2009 10:44 AM CST

(Newser) – People expect their news for free these days, but online advertising revenue isn’t enough to support major operations, David Carr writes in the New York Times. But there may be hope for the newspaper industry. A decade ago, people began getting their music illegally. Now, the convenience of iTunes has convinced many consumers to pay for what was once free. Could the iTunes model save journalism?

“The notion that the enormous cost of real news-gathering might be supported” by online ads is “idiotic on its face,” an analyst notes. A few publications, such as the Wall Street Journal, charge readers, and Carr says he, for one, is willing to pay. Steve Jobs saw music as software to support iPod sales, and that’s kept the labels afloat. Now we need another Jobs to save the news.


Apple CEO Steve Jobs talks about iTunes at an event in San Francisco, Tuesday, Sept. 9, 2008.
Apple CEO Steve Jobs talks about iTunes at an event in San Francisco, Tuesday, Sept. 9, 2008.   (AP Photo/Paul Sakuma)
Could the iTunes model work for news?
Could the iTunes model work for news?   (AP Photo/Jacques Brinon)
The front page of The New York Times.
The front page of The New York Times.   (AP Photo/Mark Lennihan)
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If print wants to perform a cashectomy on users, it should probably look to what happened with music. - David Carr

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COMMENTS
Showing 2 of 2 comments
Newser001
Jan 12, 2009 12:56 AM CST
I don't see myself, at present, paying for news - but that could change. I stopped, years ago, taking the local print paper, due to its insignificant coverage, minimalism (less and less pages, stories) and a seemingly negative, sensationalistic theme, coupled with environmental concerns, as well. Today, we add economic concerns to that list. I read global and national publications, online, and watch far less TV than ever before, for news. I consider myself to be vastly better informed due to the internet and to the limitless access it presents. I can read almost any publication, no matter what language, by simply translating it. As to print media’s future - WE are approaching crossroads in the industry. I believe it quite necessary, all publications must adopt universal posturing, simultaneously. Ad revenues must reflect appropriate readership / rates. That clearly isn’t reflected in today’s ad compensation scheme. The real benefits, the internet provides over print - IP info - your ruff information, location on which stats can be drawn, exposure can be purposely based upon, when viewing online publications, content, coupled with ad interaction - When one clicks on an ad, the publisher, agency, and all principles all know the exposure. Long Term Exposure - The product / service that is advertised, yet needed later... Sustained ad campaigns exposes the audience to a product / services, and results in a payoff scheme, in the long run, by making lasting impressions. Paying For News: In the end, the pricing for such subscription services must be indicative of costs - perhaps $1 per month / $12 per / year, bundled into 1, 3, 5... year prepaid subscription packages. Charge too much and no one takes the bait. Keep it real, reasonable, affordable with a product that excels in quality reporting, and is seemingly limitless.
Guest
Jan 11, 2009 11:04 PM CST
This is an innovative way of thinking about how to keep journalism alive...I wonder if it'll be set up for us to purchase only the STORIES we want...or you just buy that DAY's paper... interesting stuff...

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