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OLD Media Moves
Not clear why WSJ.com should become free site
September 24, 2007
Posted by Chris Roush
Fortune’s Richard Siklos writes Monday that it’s unclear why The Wall Street Journal would want to make its Web site free despite what new owner News Corp. CEO Rupert Murdoch has intimated.
“Thus it is not clear that a free WSJ.com will immediately get the huge boost in traffic that Murdoch ultimately envisions. Making a free WSJ.com succeed, then, really depends on Murdoch’s even more ambitious master plan: to widen the reach of the Journal by making it both more mainstream and global – and to integrate it with the video capability of the Fox Business Network channel he is launching next month in the U.S. Both, needless, to say, are daunting cultural and organizational undertakings.
“On the second question of whether a free Journal site will cannibalize paid circulation in print, the answer appears, for now, to be much more clearly in favor of dropping the pay wall. Sure, some people will decide to stop paying in print for something they get for free online; in the case of The New York Times (my former employer), print circulation has continued to grow despite the paper also having the most-visited newspaper website.”
Read more here.
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