Will the paywall result in a single new reader coming to the New York Times? That seems unlikely at best. While it’s not impossible that someone might suddenly decide to pay for the paper despite not being a regular reader, it seems more likely that the people currently paying are die-hard NYT fans. And that’s great — although the comparison Salmon makes to a museum might cut a little close to home — but it’s hardly a forward-facing digital strategy, as I’ve argued in the past (and others have argued as well).
Read the whole article at GigaOm
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Publisher Condé Nast has seen early success with its iPad app for The New Yorker magazine, drawing in a total of 100,000 readers, including 20,000 paying digital subscribers.
The New York Times reports the digital subscription numbers for the iPad version of the publisher’s flagship magazine. Given that readers pay $59.99 a year for a digital subscription, Condé Nast appears to have made close to $1.2 million in subscription revenue from the app so far, before Apple’s 30 percent cut. The digital version has also attracted 75,000 print subscribers who can download the app for free. The remaining several thousand readers choose to buy single issues for $4.99 a week.