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When the rest of the publishing world herded to a free model of online news in the 1990s, Gordon Crovitz didn't follow suit. As a former publisher of the Wall Street Journal and journalist with Dow Jones, he was part of the team that decided news on the Web should be paid for.
Now Crovitz, who left as publisher of the Journal when it was purchased by News Corp. in 2007, is trying to help recreate the WSJ success of the paid model for the rest of the publishing world. Together with Steve Brill, founder of Court TV and a number of legal publication, and private equity fund managing partner Leo Hindrey Jr., Crovitz is hoping their company Journalism Online will reshape the Internet landscape and help staunch the revenue bleed from mainstream media.
Named to the 2008 "Silicon Alley 100" last year by Business Insider, he is an adviser to several technology media companies and writes the "Information Age" column for The Wall Street Journal. The following is a conversation Crovitz had with CNN.com.
Crovitz: We are not suggesting that all content be free one day and all content be paid the next -- that won't work. I think it's highly likely that in the coming months that the reader experience on the Web will include a significant amount that is still free.
We're suggesting publishers look at their unique content and decide the kind readers are likely to pay for access. A lot of the content remain free, but not all of it. News publishers will look to find areas of access -- content or otherwise -- to encourage a percentage, maybe 10 percent or so, who will become subscribers.
Originally posted by antar
Paying for a subscripition no longer equates quality. In fact unless it is a medical or space journal it really is not worth the money. I have been duped in the past while researching to 'pay' for subscriptions which I later found on free sites open to any and all.
You know the saying "You can fool some of the people some of the time, but not all of the people all the time."
This would have been a good name for this thread and at their lame duck attempt to keep their wives and daughters in Sable.
The past is past and all they are doing is trying to bring shards of the old into the new.
Originally posted by mystiq
Well it certainly does leave room for competition then doesnt it. All the more reason for journalists, both new and those tired of never getting their stories published to start free online papers, with adds to pay for it, and even get some local prints going as well. Pretty hard for the subscription ones to compete with the free ones. Also, the way to up the credibility of online news, including alternative is to get a non-profit award organization that actually credit awards for categories of news including alternative, and also fundraises for scholarship monies and bursaries, and makes its presence known nation wide.
I do think that before the year ends were all going to hear or read about a major change in online news availability. I guess its only a matter of time before this was going to happen.