Tuesday, January 26, 2010

Newsday site has 35 payers

After 3 months only 35 people have subscribed to the online paid service of the Long Island Newsday daily newspaper.

I think this business plan could be flawed. Maybe that is just me?

The website redesign cost the owners $4 million after they paid $650 million for the newspaper. Which again causes me to think they may have a bad business plan, newspapers aren't exactly growth industries.

I think the idea of having government subsidize newspapers has already been dropped, but maybe the owners know something I don't?

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