Economist.com to start charging fee for Reading News Online
on October 10th, 2009 10 Leading Economic Magazine ‘The Economist‘ team has decided to charge for its online news readers starting October 13th.
As a subscriber for economist.com, I got an email from the Economist Team that says the complete news coverage will be available only to the paid subscribers from 13th of Oct.
Here is the full email that I received.
It is the first major news site to start charging after Wall Street Journal. Web Version of Wall Street Journal online.wsj is believed to have more than 1 million paid subscribers.
If The Economist can repeat the success Wall Street Journal got with the paid online subscription, it will surely be setting the industry trend. Thus proving News Corp Boss Rupert Murdoch’s words. Rupert Murdoch earlier said that people need to pay for consuming news online, which many industry analysts took as a mere joke or a poor judgement.
I will look at the fee structure and decide whether to buy a subscription. What will you do? Pay or look for alternatives?
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Oh wow dude I like it. What a great idea!
RT
http://www.true-privacy.net.tc
I think am model like this will only work if the paper has content that cannot be found elsewhere, most newspapers just reprint articles from reuters or the ap and I’ll just go where I can read it for free
Another site that I will never visit now…join the list Economist
wonder if this is going to be the beginning of the piracy of articles. will be interesting if it is.
also, did you mean Rupert Murdoch? you put Robert.
I’ll get the same news and information for free somewhere else.
To the commenters who say, I’ll just get the same content somewhere else, you obviously don’t read the Economist. It has more in depth and insiteful articles than you find from the AP or most anywhere else. They provide premium content and I believe they will be able to successfully charge for access to it.
It has been my number one source for information for decades. Digg.com and Slashdot will remain the number 2 and 3 sources. They are great for finding the best content from all over the web, but the Economist is king. The Economist is the only site I go to directly, not via a news agrigator.
I was a regular reader of the economist. this move will surely cut at least one fan from the list. bad news for me.
Sad for the readers from Poor Countries. May be a lot of people will be deprived of great magazine’s great article. It is difficult to pay and read that magazine for low income people.
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