Online Stock Trading - New York Times should Cosy Up to Google
While watching CNBC this morning I saw Scott Wapner reporting that he bumped into Arthur Sulzberger Chairman of the New York Times, when asked by Wapner if the NYT would consider charging a subscription for access to its online content, Sulzberger replied :
"We'll consider anything," then added that the current economic environment is the worst he's ever seen. A slightly strange admission to make to a journalist but maybe he thought Wapner would keep it under his hat.
Trouble is of course, nobody likes paying for subscriptions to newspapers online they just go somewhere else for the free stuff. So newspapers end up like everyone else looking for ways to save money
Things must be bad though, so my suggestion is that the NYT should cosy up to Google. Google is making piles of money even in this disastrous downturn - so Google owning the NYT doesn't seem too far-fetched. After all newspapers rely on advertising so the NYT would simply become totally free and totally financed by advertisers.
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On an unrelated note I just learned a new word - CRECESSSION.
What is a crecession ? - A credit recession.
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