Newsday To Start Charging For Online Content
Paper Looking To Shrink Internet Presence To Hard Copy Levels
New York newspaper Newsday announced it will begin to charge for online content. The paper said it wanted to give its 17 readers the additional option of reading the paper if someone left their laptop behind on the Long Island railroad commuter train.
Newsday, which bills itself as the Voice of Long Island, broke the news on an conference call in a whiny, nasal twang.
The paper’s owner, Cablevision, also announced it would “write down the value of its $650 million acquisition of the newspaper by $402 million” as well as continue to run the paper the same way the company is running the New York Knicks — which is to say pounding it into the ground as if it were drilling for oil.
And for those of you keeping score at home, that write-off is a 62% hit since Cablevision purchased Newsday last June. I’ve bought bananas that didn’t go bad that fast.
In a related story, reporting on Knick games will no longer appear in Newsday except on a special password-protected site that will be unavailable to impressionable teens and youngsters under 21 years of age.
-
Adults only
-
-
