Whatever your reason, your ultimate purpose is to drive some
business agenda, for the news business that purpose has grown unclear
in the last few years. Most news organizations have been late to the
game on the Internet (as I wrote in News Business Declined Due to Lack of Vision) or have failed to understand how to operate online (as I wrote in Mayer Says Google Not Responsible for Newspapers' Decline),
but one thing is for sure, newspapers have to figure out how to make
money online and one way to do that is with micro-payments.
Micro-payments are small one-time payments for a given piece of content. Newscorp wants to try this model with Wall Street Journal content.
It really depends how much they would charge for these one-time
payments. If they kept them cheap using the iTunes model, they could be
successful, assuming the content is good enough, you can't find similar
content for free elsewhere and people are willing to pony up for good
content.
It's not clear yet how these models will work, but perhaps people
could be willing to pay for premium content, something over and above
the standard fare they get everywhere else. It remains to be seen if a
public raised on free content will be willing to make that change, but
I would say, it offers publications an alternative revenue source. If
they do it right, it might not rescue the news business, but it could
certainly help them.
Related Articles:
Time for the news business to get its head out of the 20th Century
Nstein lands deal with major newspaper publisher
WSJ editor: Google is an Internet parasite
By: Ron Miller for
.