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10 Great Media Sites - Overview

Published on .

FT.com was selected in the paid subscription category while TheWall Street Journal’s WSJ.com was the leader in the general business category.

The Wall Street Journal’s ultimate boss, News Corp. CEO Rupert Murdoch, stoked the smoldering paid content debate during an Aug. 5 earnings call. “The digital revolution has opened many new and inexpensive methods of distribution, but it has not made content free,” Murdoch said. He added that News Corp. would leverage its experience fromWSJ.com “to increase our revenues from all our content.”

“We’re not saying much beyond what Rupert Murdoch has said publicly,” Gordon McLeod, president of the Wall Street Journal Digital Network, told Media Business. He added that WSJ.com “has a healthy roadmap for [new offerings]in the areas of personalization, commerce and premium content” that will debut this fall.

Meanwhile, executives from the Financial Times talked to other news organizations about the success of their paid subscription strategies. The International Herald Tribune quoted John Ridding, Financial Times chief executive, saying, “People [are] throwing up their hands and saying it’s not possible for general publishers to charge. I think it is possible, and necessary, for them to charge.”

Ben Hughes, global commercial director and deputy CEO of the Financial Times, said FT.com would be “trying out the pay-per-article model next year” in addition to continuing to build its paid subscriber base. “We need to be as flexible as possible,” he added, to give users a choice in how they will pay for content.

The American Lawyer, the Incisive Media brand whose americanlawyer.com was selected as this year’s great nontechnology trade site, is also in the midst of an evolution in its subscription strategy. As a paid publication, The American Lawyermade only a limited amount of its magazine content available for free on its Web site. That strategy did not change when the Web site was relaunched in May 2008. However, a new free e-newsletter, the Am Law Daily, now provides a significant layer of content in the form of original daily news.

“The impact has been transformational,” said Aric Press, editor in chief. The newsletter goes to 60,000opt-in subscribers, and unique monthly visitors to the Web site exploded from 36,000 to 136,000.“We will go to a more fine-tuned free ,free-with-registration and paid-tier systems in the fall,” Press said.

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