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Tuesday, March 5, 2013

Click (and Pay) to Subscribe.

In class, we've talked a good amount about digital subscriptions. Primarily, our conversations were rooted in attempts to find viable solutions for print media as they either combat or go along with digitization.

Digital Subscriptions

The article linked above shows the attempt of some of these print media legends to stay in the game. The Wall Street Journal was one of the main sources mentioned in class discussion, and they are the first mentioned in the article. They are a credible enough source to successfully draw their readers to their online content.

Transparency of pricing has been one of their main concerns, which happens to be a big deal in the digitization field. As more and more information is available online, it is becoming easier for consumers to see just where their money is going. Websites like Kickstarter show just how much of a product's price can be taken out when intermediaries aren't included.

Online publications take out the need for things like printing costs, thus at least partially cutting the cost of subscriptions, whether they be on a monthly or yearly basis. Some sites, like Baseball Prospectus, were started with an online foundation and have expanded slightly, even if only to the publishing of books with research. The margin on collecting money for online subscriptions is simply too high not to pursue over print subscriptions, and it will be vital to the survival of many of the media giants we have known for years.

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