Sarah Ellison of The Wall Street Journal writes for Wednesday’s paper that executives at Dow Jones & Co. are trying to convince News Corp. CEO Rupert Murdoch to keep the paper’s Web site a pay site.
Murdoch wants to make the site free to anyone
“The lofty ad rates the Journal can charge online would be eroded by a less loyal, nonsubcriber base. Lehman Brothers estimates that the average page view on WSJ.com commands four times the ad revenue of a page view the New York Times site.
“Looking to cash in on growth in online advertising, the Journal already offers some content free, including stories from its business-of-life sections. The paper is doing a test with Google News in which online readers coming to its site from Google News can read a single article for free but are blocked from entering other parts of the site. The goal, according to a Wall Street Journal spokeswoman, is to capitalize on both the traffic that comes from search engines as well as to encourage people to subscribe to the Journal.”
Read more here.
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