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Online Journalism - Ayo Menulis FISIP UAJY

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164 <strong>Online</strong> <strong>Journalism</strong><br />

the next half decade. However, in an economy where consumers<br />

were rapidly gaining the expectation that most of the content,<br />

including their daily news, would be free, the strategy produced only<br />

dwindling traffic. Subscription was a business model which, outside<br />

of very specialised sectors such as share-tipping and commercial and<br />

financial information, including, successfully, both the Financial<br />

Times and the Wall Street Journal, was never sustainable for online<br />

publication. Even for the Wall Street Journal – by 1999 one of the few<br />

news providers on the web making a profit from online news – the<br />

venture hardly produced the expected bonanza. Of the 600,000<br />

registered users who used the initially free interactive edition only<br />

50,000 took up the offer for an annual subscription that was significantly<br />

cheaper than the print edition ($59 in 1999 and $29 for print<br />

subscribers). The Danish financial newspaper Boersen only offers<br />

(free) subscription to its online edition to subscribers to the print<br />

edition, many of whom take it up. The approach naturally attracts<br />

premium rates to advertising on the site. Another niche market that<br />

has been able to employ the subscription model with great success is<br />

political analysis. The National Journal’s online edition, NJ Cloakroom,<br />

charges $1,047 per annum to subscribers and attracts 600,000 page<br />

impressions per month (1999).<br />

The initial failure to attract paying subscribers by Microsoft’s<br />

online magazine Slate – in October 1998 the free section of the site<br />

attracted 400,000 readers against the 20,000 who subscribed – gave a<br />

clear indication to the online news industry that, for the majority of<br />

sectors, the subscription model had failed. What was needed was a<br />

range of mechanisms including subscription, which clearly<br />

succeeded in some niche markets, but which also allowed consumers<br />

to purchase specific content at affordable prices, perhaps a fraction<br />

of a penny for a single newspaper article, as well as advertising, ecommerce,<br />

sponsorships and affiliations and a culture which<br />

understood assets such as news and photography archives as valuebearing<br />

commodities.<br />

The general repurposing of news and news images as archive<br />

appeared within two years of the first online news providers. Titles<br />

found that these (comparatively shallow) archives often drew as<br />

much traffic as the main site and, in some cases, they began to invest<br />

in the long process of placing historical archives – some of which<br />

pre-dated the web by a more than a century – online.

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