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Economist.com Considering Charging For All Content

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It was in October, on stage at our Future Of Business Media conference, that The Economist publisher Paul Rossi first wondered about the resurrection of the online paid content model.

Now the website, which, since 2007, has charged only for stories more than a year old, tells us MediaWeek’s report, that it will put all its material behind a pay wall, is premature.

MediaWeek reports with certainty that “The Economist is to charge for news content across its website”, while the company tells us: “It’s something that we are considering but nothing has been decided yet.”

If anyone can charge, Economist.com can charge. Amid an oversupply of information, the magazine is carving out a place for itself as a home for considered analysis and opinion. July-to-December mag sales rose 6.8 percent to 1.39 million copies and operating profits were 26 percent up to £56 million on 17 percent better revenue of £313 million.

Online, Economist.com increased its advertising revenue by 29 percent year-on-year, while page views increased 53 percent.

One could argue Economist.com’s model right now is the opposite of what it should be - the new material from the £4 printed mag goes free, while the old stuff is charged for. A current web-and-print subscription costs $126.99 a year, while online only comes at $89.99.

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Sep 8, 2009 9:53 AM ET

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Posted In: Companies, Pearson, Economist

  • Sramana Mitra

    I think the Economist should charge for all its content. It has a loyal following, and it is extremely expensive to produce quality content of the caliber they produce.

    I see no reason why they should give that content away for free.

  • Carl Lachmann

    Far be it from me, to suggest what will be, or not, successful for The Economist, and others who are looking at charging readers for all content.

    IF, if we suppose that this is not going to be a hands-down success - what other roads are there to making money of the online content?
    Advertising springs to mind. This can be acheived through a strategy of increased user interaction and user generated parts of the content. I am certain that most journalists would benefit from opening and deepening their relationships with their readers through comments, blogs and forums. Which, incidentally, also lowers the cost for the content - if done correctly.

    Hey, Economist - wanna know more? Get in touch.

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