Art Sulzberger, the publisher of The New York Times, told SABEW conference-goers in Phoenix that The Times Select paywall made $10 million in its first year, and he considers it successful. But with digital advertising booming, Sulzberger said they needed to accomodate access to a new crop advertisers.
By using this blended model, our loyal readers will pay, and we will still have search. We can not lock in any single answer," he said.
On Google: "Railing against Google is like railing against oxygen."
On Competition against the WSJ and Rupert Murdoch: The challenge that we face is to challenge our brand promise into the digital era. The challenge that the Wall Street Journal is to change their brand promise while moving into the digital era. This is no small feat.....We're not going to change (in response to Murdoch's broadening of the scope of news at the WSJ) ...we are going to stay with what we're doing."
On the young adult market: We need to understand how information flow is changing, and we need to understand how Facebook is integrating.
On Mexican businessman Carlos Slim: He is influencing our strategy, NOT AT ALL. He's a great investor, he got a good deal.
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