Live data from Hacker News

Reuters website goes behind paywall in new strategy

reuters.com

91–100 of 127 posts

Re: Reuters website goes behind paywall in new strategy

#91

Paying $6-10/month for every subscription site is untenable. There's going to be something that will replace all this, but I'm not sure what. I would rather just watch ads than have to endure death by a thousand subscriptions.

The sad fact is that producing real journalism costs money, and there are too many parasitic content providers that steal journalism for ad eybeballs. The whole system is unsustainable. People used to be accustomed to paying for newspapers and supporting the journalism field, but have gotten used to it for free. Ad prices can no longer sustain all but the largest, and the ad model presents a conflict of interests with juicing click through rates and returns.

Re: Reuters website goes behind paywall in new strategy

#92

Paying $6-10/month for every subscription site is untenable. There's going to be something that will replace all this, but I'm not sure what. I would rather just watch ads than have to endure death by a thousand subscriptions.

A few decades ago, we chose one or a few print sources and read those regularly. We read some others at the hairdresser.

Re: Reuters website goes behind paywall in new strategy

#94
Four-plus decades of micropayments advocacy have failed to poduce a viable system that works and people will use.

People are drowning in accounts (well over 100/person in a 2015 survey[1]) and subscription services. Offerings are fragmented amongst these, and control battles lead to withdrawal of or blocking of materials during inter-corporate wars.

OECD per-capita spend on all publishing runs about $100/person, roughly the same as per-capita ads spend within the same countries, itself a tax of sorts.

A natural gateway exists --- not a perfect one, but good enough at the level of the ISP provider.

Aggregation, not disintegrations, is the general trend in payment systems. Both buyers and sellers benefit from predictable flows, income or revenues.

Regionally-pro-rated payments allocate costs according to ability to pay, which for information goods is a net social benefit.

Rolling an information access fee into fixed line and mobile internet service, with an indexing of content accessed and a tier-and-bid based reimbursement schedule for publishers, seems to me the most viable path forward to something vaguely resembling a content tax, without actually going through a content tax mechanism. It would ensure universal access to readers and the public, compensation for creators, and the ability for those actually engaged in the process of creating new works to access the materials they need, legally and lawfully, answering in part the "why should I pay for information I don't use" objection: the inforation you do use is itself predicated on information you don't access directly yourself. The other answer to this rather tired objection is that you live in the world created by information access or denial of access, and in general, access to high-quality, relevant, useful information should be a net positive.

(Yes, events of the past decade temper my enthusiasm for that belief somewhat, though information rather than propaganda still seems likely a net positive.)

The concept could be trialed on a regional basis, rather than globally. It should offer any willing publication within a set of quality and bias tiers (there are third-party rating services, such as Ad Fontes Media, amongst others, which might serve as arbiters). A bidding process in which given tiers are compensated at specific rates, subject to competitive alternatives, should help address the "who gets paid and how much" question --- high-bias low-accuracy clickbait is a cheap-to-produce product, but would also be compensated at a low rate.

_______________________________

Notes:

1. Dashlane came up with this number in 2015, archived: https://web.archive.org/web/20150919202348/https://blog.dash... Experian cites a similar number, without source, in a 2019 identity fraud report https://www.experian.com/blogs/news/2019/01/30/global-identi... A NordPass study finds > 100 passwords/person on average https://tech.co/news/average-person-100-passwords HN readers report upwards of 700 accounts https://news.ycombinator.com/item?id=19488899 Data quality here are poor, but the general scope is clearly large. Whether its increasing on an annual basis or if 100 accounts/person represents a metastable plateau is unclear.

Re: Reuters website goes behind paywall in new strategy

#95

Paying $6-10/month for every subscription site is untenable. There's going to be something that will replace all this, but I'm not sure what. I would rather just watch ads than have to endure death by a thousand subscriptions.

The sad fact is that producing real journalism costs money, and there are too many parasitic content providers that steal journalism for ad eybeballs. The whole system is unsustainable. People used to be accustomed to paying for newspapers and supporting the journalism field, but have gotten used to it for free. Ad prices can no longer sustain all but the largest, and the ad model presents a conflict of interests wit…

You're omitting numerous alternative compensation mechanisms. Ads and subscriptions aren't the only options. Nor are micropayments or patronage the only novel notions (neither ultimately are effective).

Re: Reuters website goes behind paywall in new strategy

#96

Paying $6-10/month for every subscription site is untenable. There's going to be something that will replace all this, but I'm not sure what. I would rather just watch ads than have to endure death by a thousand subscriptions.

I believe sooner or later it will be fixed by bundling subscriptions. Just like TV channels are bundled today.

My guess is that it has not taken off yet because everyone wants to be the top dog in that kind of business.

Re: Reuters website goes behind paywall in new strategy

#97
post #78

Earlier quoted context omitted.

Yeah, somebody really needs to solve the micropayments problem for real. I have no problem paying for content, but there is no way in hell I'm paying $35 a month for a Reuters subscription just to read one or two articles a month. And same for NYT, WSJ, yadda, yadda, yadda. I mean... if we all paid for monthly subscriptions for every news site we read a couple of articles a month from, we'd be paying $600 / month jus…

Why not just offer a preview (headline and first paragraph) and pay a small fee per article; maybe something like a quarter? They could also include an unlimited tier for avid readers. A decade ago this model would probably be a non-starter because it would require the inconvenience of maintaining an account everywhere and going through an awkward checkout flow for every transaction. SSO payment providers make this a…

That is the micropayments problem. You have to make it easy enough, like taking a quarter out of your pocket, for people to actually do it. And low enough fee where it's worth it. I believe most micro transaction providers still charge at least a flat 10c fee, which is a hefty portion of any micropayment.

Re: Reuters website goes behind paywall in new strategy

#98
post #74

Earlier quoted context omitted.

Do you think the average man is going to rely on a news provider like Reuters after this change? My father reads a lot of third party news but actually fact checks on Reuters. A lot of friends and colleagues skip third party news and read directly from Reuters, because it is free. With this change, I doubt a great many of them will continue with Reuters as a source, and would rather stop at a third-party localized ne…

I don’t know. People used to pay for newspaper subs before. In real terms, this price is relatively cheap. Gathering facts requires time, money and able reporters. I know people got spoiled for a while with free news. It’s time to go back to reality and pay for good news reporters.

Except that's not going to happen. Nearly every relative, friend and acquaintance of mine was a paying subscriber of the news before, but all have since moved to free digital, even though all of them can easily afford to pay for the rounding error. Expecting that whole set of people to go back to paying for news after more than a decade though, is going to be hard. People don't feel that news should be a paid commodity, simply because it's a commodity now. If they Google a topic and arrive at a pay walled site, they'll simply move onto another site that gives it for free. And this is in a world where 50%+ of the audience gets their news third party from social media, and not even news websites in the first place.

Re: Reuters website goes behind paywall in new strategy

#99
post #90

Earlier quoted context omitted.

Do you think the average man is going to rely on a news provider like Reuters after this change? My father reads a lot of third party news but actually fact checks on Reuters. A lot of friends and colleagues skip third party news and read directly from Reuters, because it is free. With this change, I doubt a great many of them will continue with Reuters as a source, and would rather stop at a third-party localized ne…

> Reuters provides facts, and very little opinion. It's perfectly possible to provide facts in a highly opinionated way. The world we live in is a messy smear of mostly-contradictory evidence [1], so media can influence perceptions enormously by being selective in its reporting of that evidence. [1] https://pbs.twimg.com/media/CAy7jujW4AAHhuu?format=png&name=...

Reuters has maintained a very neutral facts-based reporting style compared to other similar wire sources such as Bloomberg and AP.

Re: Reuters website goes behind paywall in new strategy

#100
post #33
post #27

Although it's regrettable that Reuters' content will be harder to access, it's a positive trend for the news ecosystem to generate increasing revenue through a subscription-based business model rather than selling ads. The more money that comes from subscriptions, the more that news coverage will reflect the interests of subscribers rather than advertisers.

In my very personal opinion, based on the New York Times this isn't necessarily a good thing. Yes they cater to their subscribers but that's made them batshit crazy in their coverage. (and Fox is just as bad, but its not an online publication for the sake of my point)

The optimistic view is that there is a market for unbiased reporting and someone will step in to service that demand.

But who know.

Post reply on HN