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Nyt Paywall Case

Decent Essays

Problem Statement: The advent of internet brought about both challenges and opportunities for the newspaper industry. On one hand, it required redesigning a new product suited for online customers and on the other it was an opportunity to reach to 123 million potential customers in this category. Thus to keep up with the pace of emerging digitization in every field, like all newspapers, New York Times also added online reading in their product portfolio. However it only worsened the crisis the newspaper was already going through. The operating profit declined by more than 76% from 234Mn$ in 2010 to a mere 57Mn$ in 2011. The circulations were steadily declining and the new online advertising could not compensate for print advertising …show more content…

(c) Developing Promotional schemes through Marketing especially for new brands who need a base: Pros: A lot of new companies while establishing their brand can help give promotional offers for online customers of the newspaper Cons: Such opportunities may be temporary depending on companies available to such agreements. (d) Leaky Wall Concept: Allowing users through other sites such as google/facebook etc to have access to its online content Pros: It will open another avenue for revenue generation and such sites especially social network are in vogue Cons: It is kind of a group subscription where through which users get free access to online reading who might have otherwise paid. (e) Rationalized share of business for print, paid online and free online products for optimal revenue generation: Special editions like weekend ones can be made available only in print or paid media while general content can be made available in print and online free reading. Pros: It will help retain both the print and online product customers. Cons: Top notch authors may not agree to the idea of writing only for the paid media, either printed or online at a time when they have options to reach out online to a wider readership.
Recommendation: Thus I recommend that the company should continue

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