The Guardian is cutting its budget by 20 percent and expanding its membership program in an effort to break even within three years, but The Times of London is already breaking even, Dominic Ponsford says. The Times added a paywall in June 2010, and nearly six years later, the paper is turning a profit. While Ponsford acknowledges that the paywall is likely not the only reason for the Times’ financial success, he writes: “Does this signal the failure of the open journalism model as practiced by The Guardian? It does seem to suggest that it is impossible at this stage to support a staff of more than 900 journalists mainly on revenue from a free website.”
The post While The Guardian is taking steps to break even, why The Times of London is already doing so appeared first on American Press Institute.
from American Press Institute http://ift.tt/1QrXvzZ
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