Categories: OLD Media Moves

Stat launches subscription plan for professionals

The Boston Globe’s medicine and health news site Stat is introducing a $299-a-year premium plan for professionals working in and around the pharma and biotech industries, reports Lucia Moses of Digiday.

Moses writes, “At launch, Stat Plus benefits will include a daily newsletter by Stat’s star pharma columnist Ed Silverman; exclusive and early looks at pharma and biotech coverage; a private Slack channel for subscribers and chats with Stat writers covering those industries, as well as exclusive invitations to events. Stat counts the size of the target market in the hundreds of thousands, and is aiming for at least 10,000 of them to sign up.

“It’s a fast timetable. Politico, the fast-paced political news site whose model Stat is loosely based on, was four years in before it launched its membership model Politico Pro, and it did so with 40 people, a team the same size as its newsroom. Politico Pro starts at $5,000 a year and can exceed $100,000, depending on the level of subscription.

“Stat is only one year old, and its cost puts it more in The New York Times camp than Politico’s, but it’s also putting fewer resources behind it. The publication has a full-time staff of 50 and is putting a ‘handful’ of business- and edit side people on Stat Plus, but not all of them will be dedicated full-time to it.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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