A
Rockwellian view of reading the newspaper may include a cup of coffee, recliner
and a smoking pipe on Sunday mornings. In the digital age, people consume news
quite differently. The new American norm is driving people to the instant and
customizable Internet.
This
digression is and has been invoking a transformation for newspapers. It has
been providing free news content online for years, but many of the larger
publications are flipping to the paywall strategy. The term “metered paywall”
refers to websites that will have users pay a fee to read all of the content
available on the page.
Newspapers,
like The New York Times, are strategically using the metered paywall to not
only increase online revenue, but print subscriptions by offering a lower price
than online; in turn, this is also increasing ad revenue.
According
to Advertising Age, the Audit Bureau of Circulations’ statistics show that
newspapers have successfully used this strategy to counter diminishing
paid-print subscribers. The New York
Times has proved this strategy profitable by seeing the largest digital
gain among the reported papers. Its weekday circulation increased by 73% since
before the online pay meter was implemented.
The Wall Street Journal still holds the rank of largest
newspaper across both print and digital platforms, while USA Today claims largest newspaper in print alone with a
circulation of 1.7 million.
Metered
paywalls have been met with some resistance from readers. However, the more it
is being adopted by news sources, paywalls are creating revenue streams. One
stream is the actual payment for online content, while the other is people
returning to traditional sources for news. Either way, it is beneficial to
newspapers.
Be sure to visit Ruth Burke &
Associates’ blog to find the latest in media news and receive helpful tips to
make your advertising campaign successful...
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