The Newspaper of the Future
There has been some talk about the “failing” New York Times, but it is becoming the newspaper of the future.
The New York Times put an electronic paywall in place in 2011, and many predicted it would fail. Today there are more than 2.5 million electronic subscribers. Average subscription is $100 per year. You can do the math. Also, there is no cost for paper, printing and delivering. So mostly profit.
During an earnings call, the CEO said that success of electronic subscriptions is due to the quality and creativity of its journalism. In other words, interesting, fresh content. The Times curates its own content; it doesn’t rehash other outlets’ content.
This proves people will pay for fresh news, especially during what is considered turbulent times. It may be a look at the future of newspapers.