Darcy reports, “The change was not announced publicly—perhaps because it directly undercuts the story chief executive Barbara Peng and Editor-In-Chief Jamie Heller have spent the past year trying to sell to staff and readers: that BI was moving away from the old traffic hamster wheel and toward a subscription-centered future built on producing journalism worth paying for.
“But weaning a website like BI away from a traffic-centric model is no easy feat. The speed-obsessed publication was engineered to dominate search websites like Google, and for years its audience grew accustomed to consuming its journalism for free. Once the company erected a stiff paywall, traffic cratered. According to a SimilarWeb analysis provided to Status, the site drew 104 million visits in September 2024; in comparison, this September, it drew just 64.4 million—a staggering 38% year-over-year drop, and among the lowest levels in recent memory.”
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