First it was the New York Times and now Rupert Murdoch has hinted that News Corporation may not hit its year end deadline to implement paid content.Murdoch, who owns the Times and the Sun, Wall Street Journal and New York Post (what a great front page; great game), told reporters that he can not promise that News Corp will meet its own deadline."We are working all very, very hard at it but I wouldn't promise that we are going to meet that date. It's a work in progress and there is a huge amount of work going on, not just with our sites but with other people," Murdoch said in a conference with journalists.According to the Age when he was asked about the delay Murdoch said he was "not prepared to comment on that at all". Thorny issue.Murdoch & Co are struck by the exact same thing that has hit the New York Times execs earlier this week when executive editor, Bill Keller, admitted that the issue of charging had proved a much tougher and more complicated decision "than it seems to all the armchair experts".This seems to indicate that executives at both News Corp and the New York Times Company are struggling to work out which system they are going to opt for in their pursuit of paid content.The delay will validate critics who say that newspapers are going to find it very hard to successful erect pay walls and get cash from their readers who are so used to a world of free.The news that News Corp is delaying its decision to implement a pay wall came as its first quarter results revealed a sharp fall in operating income in its newspaper business, down to $25m in the three months to September from $134m last time as advertising revenue fell in the UK 15% and at the Wall Street Journal.All those numbers say that Murdoch is not going to turn away or balk at the paid content conundrum. He doesn't think he can with news papers losing money like that. My bet is for some kind of limited subscription model – like the Financial Times where a certain amount of articles are given away (30 a month in the case of the FT) – or a membership club, which is something being looked at with interest by a lot of media firms including the New York Times, The Times and Guardian News & Media.What I really wouldn't expect is micropayments. Well not in the short term at least. I'm sure the first step will be a limited pay wall option that could later be extended to something more complex.It has been a busy week in paid content all round with real stuff happening – in B2B at least. Earlier this week Emap plumped for a £150 charge and now rival Centaur has opted to put more of the content of its digital magazine NMA (already £99-a-year with a subscription) behind a pay wall. In a statement on its website NMA says the move is part of the "title's phased strategy to introduce a range of premium content and services to add value to bundled subscriptions"."Like all other publishers, we're experimenting with paid-for models online," said editor Justin Pearse. "While previously lead stories from the magazine were accessible for free, we’re confident this content, together with the analysis our site provides to the industry, is worth paying for."
Next up?
Follow me on Twitter
Pingback from Twitter Trackbacks for Murdoch stalls on the road to paid content/NMA raise pay wall - Gordon's Republic - Blogs - Brand Republic [brandrepublic.com] on Topsy.com
This post was mentioned on Twitter by GordonMacMillan: Blogging: Murdoch stalls on the road to paid content/NMA raise pay wall http://tinyurl.com/yawnt2j
Pingback from Murdoch’s pay wall may be delayed… but it’s coming
There are some interesting comments cropping up on Retail Week's blog about its plan to charge readers
James Harding, the editor of the Times, has revealed a few details about the paper's plan to charge
Gordon Macmillan
Blogging for:
Member since: 03 Jun 2008
Last login: 20 Nov 2009
Total Posts: 1,616