Time, Sports Illustrated to Charge for (Some) Content
Print publications are hemorrhaging money while online ad revenue has cooled off. In this new environment, where consumers expect content to be provided for free, news outlets are still struggling to find a working, profitable business model that satisfies customers. Time Inc., which is owned by our parent company Time Warner, announced on Wednesday that it plans to experiment with hybrid free/subscription models for providing content from some of its properties, including Sports Illustrated, Time Magazine, and Fortune. Free content will still be available, but some content will be made available only to paid subscribers within the next six to eight months.
Have other publications pulled off ad-supported content? The Wall Street Journal keeps certain stories behind a paywall, and people still seem to be willing to pay for that type of content. Whether this strategy works for other types of content remains to be seen. Another option that might see some experimentation in the near future is Walter Isaacson's suggestion in a recent issue of Time Magazine of micropayments and (very) low-cost online subscription fees for magazines and newspapers.
Whatever happens, it's becoming clear that advertising-only revenue models aren't working for publications, especially those trying to support a print publication in addition to online content. [From: paidContent.org]
Death of Print
Elle Girl
In April 2006, Elle Girl's print edition was closed down, but the Web site lives on at ellegirl.com.
CosmoGirl
Though it will be folded into Seventeen magazine, the teen version of Cosmopolitan will publish its last print issue in December 2008. It will live on at CosmoGirl.com.
Christian Science Monitor
Founded in 1908 by Mary Baker Eddy, this venerable paper will move all its daily content to the Web starting in 2009, though it will still publish a weekly print version.
Radar Magazine
Was it too snarky for its own good? We'll never know, but this modern-day successor to '80s-era Spy magazine shut down in October. AMI, owner of the National Enquirer, bought RadarOnline.com, however, which will focus on celebrity gossip a la TMZ.com.
US News and World Report
Once a serious competitor to Time and Newsweek, US News and World Report is now best known for its College guides, which it will continue to publish. The weekly newsmagazine, however, will be turned into a monthly, and all daily operations are moving to the Web at usnews.com.
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