Last week, news site Quartz joined the ranks of publishers who have put up a metered paywall to generate revenue. Readers can access a limited number of articles for free, and Quartz email newsletters and apps will remain free. However, full access to Quartz content will now require a membership, available for $100 a year or $15 a month, following a seven-day free trial. Nieman Lab reports that the membership program actually began about six months ago, but the paywall is new.
The Denver Post announced earlier this month it plans to cut 30 newsroom jobs, or 30 percent of its news staff. The cuts will include both managers and union-based employees, The Post said, and the first 25 cuts will come by April 9. The remaining positions will be cut by July 1. Thus far, it is not clear which positions will be eliminated, and employees will have one week to apply for a severance package.
Before you head out for the holiday weekend, weve got a feature-packed Five on Friday for you. In this weeks edition, Salesforce shares best practices for recurring revenue businesses, Light Reading talks about the challenges of content overload, Quartz explores the streaming TV battle between Apple and Amazon, Reynolds Journalism Institute explains how tight meters are winning the paywall wars, and Hubspot offers advice on the two numbers you need to focus on when it comes to customer acquisition.
In his annual letter to employees, Hearst president and CEO Steven R. Swartz reported that the company had record profits for the seventh straight year. Hearst's biggest profit centers were Fitch Group, CAMP, an aviation safety company acquired in 2016, Hearst Health and Hearst Transportation. These businesses represented 28 percent of the company's total profit for the year, a number that has more than tripled over the last 10 years, according to Swartz.
Digital subscriptions are proving to be a successful source of revenue for The New York Times (NYSE: NYT), according to the company's latest financial report. During the first quarter, The Times added 139,000 digital-only subscribers, a 25.5 percent increase from the same period last year. The total of new digital-only subscribers includes about 99,000 from the company's news products with the remaining 40,000 subscribers from their Cooking and Crossword apps. The New York Times now has about 2,783,000 digital-only subscribers.
In this week's subscription news, Google finally drops its 'first click free' policy in an attempt to appease publishers, the Wall Street Journal stops publishing Asian and European Print editions, and Pandora makes a promising bet on video ads. Also this week, we're reading subscription stories about Oracle's feature-packed SaaS updates, how FireEye could benefit from the ghastly Equifax data breach, and YouTube's new requirement that creators must enable their channel for monetization through their Partner Program to include external links, essentially putting a wall between creators and Patreon, a YouTube competitor.
Need a quick break from your Sweet 16 bracket? We've got you covered with this week's subscription headlines: the NBA is testing a stream that will let sports fans watch the last quarter of a live game for $0.22, SaaS-based Pivotal files for an IPO, and YouTube plans to push people toward subscriptions with annoying ads. Also this week, Dropbox, Spotify, Cheddar and Tronc are in the news.
In this week's subscription news, Amazon agrees to acquire Eero to help customers connect to their smart home devices, Medium buys The Bold Italic, and Sling TV is now the largest live streaming TV provider. Also this week, Apple hits publishers hard with a 50 percent revenue split for Apple News, Fiverr plans to acquire content marketing platform ClearVoice, and TechCrunch launches its first subscription product.
At Subscription Show 2019, we'll show you the latest on subscription-centric strategy, recurring payments, acquisition, retention, analytics and subscription technology. Get the industry connections you need, and actional information you can put into action, to grow your recurring revenue, membership or subscription business. Get the list of why you should attend here.
We cant replace the anticipation of the final season of Game of Thrones, but in this weeks edition of Five on Friday, we hope to peak your interest with some fun facts about GoT. We will also share some fascinating findings about the future of subscriptions from Zuoras The End of Ownership report, the Boston Globe becoming the first newspaper to have digital subscribers outweigh print subscribers, how some magazines have survived a life without print, and the new trend toward emotional advertising. [Have a topic to suggest? Email me at email@example.com with your ideas!]