Is the Wall Street Journal 'Paywall' Bad for Online News?

Complete video at: http://fora.tv/2009/11/19/Paley_Center_IC2009_-The_Future_of_News_Worldwide

Les Hinton, CEO of Dow Jones & Company, discusses the profitability of The Wall Street Journal's combination of free and subscription-only content. He argues that while the model has been successful, the future market lies in e-book readers like Amazon's Kindle.

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The Paley Center for Media's International Council 2009 NYC brought together the industry's top innovators from across the globe for the most talked about media event of 2009.

From newspapers to magazines to television, the traditional media business model is under siege. Can creating quality news content still be a sustainable business in the global digital economy?

This session features Tony Burman (Managing Director, Al-Jazeera English), Les Hinton (CEO, Dow Jones), Jon Klein (President, CNN/US), Christine Ockrent (Journalist and CEO, Audiovisuel Extérieur de la France), and Prannoy Roy (President and Managing Director, NDTV). David Carr (Columnist, The New York Times) moderates.

Les Hinton is a British-born American businessman. He was appointed CEO of Dow Jones & Company in December 2007, after its acquisition by News Corporation. Hinton became a United States citizen in 1986.

He has worked for News Corp for more than 48 years as a journalist and executive in Australia, the United States, and the United Kingdom. In 1976, he moved from London to New York as a foreign correspondent for the groups newspapers in Britain and Australia. After several executive positions, he was appointed President of Murdoch Magazines in 1990, two years later becoming President and Chief Executive Officer of News America Publishing, responsible for the companys US publishing operations. In 1993, he was appointed Chairman and CEO of Fox Television Stations, returning to London in 1995 as Executive Chairman of News Corp subsidiary News International Limited, Britains largest national newspaper publisher.

Category:

News & Politics

Tags:

• online
• internet
• news
• media
• future
• newspapers
• revenue
• profits
• WSJ
• paywall
• subscribers
• amazon
• kindle
• ebook
• reader
• business
• models
• rupert
• murdoch
• fora.tv
• foratv
• fora
• tv
• les
• hinton
• down
• jones
• co
• worldwide
• paley
• center

[notandywarhol]

Fox News is a diseased organs owned by Ruppert Murdoch who curries favour with prime ministers in the UK and has always gotten what he wants. The fact that his employees hacked into murdered children's parents telephones to feed off their misery for the sake of a story, shows you what Murdoch's organisation is capable of and the brainwashing from Fox News indicates an unfit organisation incapable of providing truth and honesty for mass-consumption. He should be charged and held accountable

[givebirthathome]

LOL..anything done by Rupert Murdoch is "trustworthy"? Well, I suppose you can trust it to be manipulative and exploitative.

[realisoph]

Financial journals... could they be any less fraudulently biased as the financial system itself... in terms of "success" and content?

Today it seems, "quality" financial journalism is about as valuable as war-journalism... both serve very particular inerests ...the underlying system of which the world is better of without.

[VAR1UM]

unh hunh.

[liber8me]

if you knew anything about professional journalism then you would have understood what I had written.

you just appear to be another idiot on youtube with more opinions than brains.

[VAR1UM]

could some one please explain what liber8me is saying? i know he's trying to speak.. i just know it!

[liber8me]

the only way that sponsorship or advertising can pay for quality journalism is if it has a massive audience - thats why newspapers and tv have been leaking money - people have stopped watching and reading it as much.

if news does not end up with people paying for it you'll end up with only a few groups able to make money out of the massive share of the market they have, which is very bad for balance when you concentrate info in just a few sources.

[VAR1UM]

News corp.? Dont they operate primarily on cable tv? Granted they do papers as well but they are also in the entertainment field.

It would be wiser i suppose to fund itself entirely on subscription. To keep the news fair and balanced. If sponsorship were to interfere than obviously only certain subjects would be articulated.

Take PBS for example... Or FOX, NBC, CBS, ABC, yada yada. You can get the news pretty much for free as it is. Its a matter of how you like it being told to you.

[liber8me]

fora tv does not have anywhere near the overheads that companies like news corp has. i did a year of journalism at uni so i actually know what im talking about - advertising on the internet is chickenfeed compared to what they got in the printed paper. now with people no longer reading newspapers there's no real money in either realm. thats why i stopped studying it - the profession is screwed because the only way it will make money is if people pay for it

[VAR1UM]

@liber8me

For one its called advertising and sponsorship. In this day and age it would be ridiculous to rely on subscriptions.

Its not a fantasy world. You went ahead and jumped the gun before you even realized where you were talking about it.

I dont remember giving FORA . TV money for their journalism. Do you?