I was going to write this column about SXSW, but I have to say -- not having gone, of course -- I'm unimpressed. If the best innovation at the show is group text messaging, then I'm going to pull
out my old "clamshell" phone from the year 2000 and make an od-fashioned phone call to celebrate.
For me, the ability to group-text with a select group of friends sounds like one of
those things that should have been thought of long ago - and to some extent has been, in things like conference calls, email discussion threads, and, of course, chat rooms. Is this truly an
innovation, or just a slight tweak to existing technologies?
Now that I've gotten that rant out of the way, our topic today is The New York Times' just-announced digital
subscription policy, because now we finally know how at least one great media property will try to eat its cake and have it too when it comes to monetizing content while at the same time making it
shareable.
As a blogger, and a daily reader of the Times either online or in print, this is a front- and-center concern. But getting beyond the personal, it also speaks to the
difficult choices media companies must make: do they put up a paywall and finally derive revenue from their visitors, or, do they continue to jump, both feet first, into the rampant content-sharing
through social media that can build traffic, and, therefore, ad revenue?
In a letter posted on its site today by publisher
Arthur Ochs Sulzberger, Jr., here's what the paper-of-record decided:
"Readers who come to Times articles through links from search, blogs and
social media like Facebook and Twitter will be able to read those articles, even if they have reached their monthly reading limit. For some search engines, users will have a daily limit of free links
to Times articles."
In other words, bloggers and other frequent sharers of content, you should feel free to share the Times' links to your hearts' content, as you do now. As for the
rest of you, the paywall kicks in only when you've gone to the site twenty times and connected to actual stories -- as opposed to scanning the front page and section front pages, which will always be
free. The cost is a reasonable $15/month. Oh, and if you subscribe to the dead-tree version of the paper, all New York Times digital content, no matter what platform you receive it on, is
free.
There is more fine print to do with the app world, but the Times' paywall policies I've outlined above say two things:
1. The paywall will
apply to only a tiny fraction of people who visit the Times' site.
2. In a time when Facebook and Twitter are key distribution networks for spreading content,
the Times has to make it clear that the enterprising content-sharer can continue to put it in the mix. Thus, social becomes not just a distribution channel, but a promotional one. The vast
majority of those who click on Times links shared by others won't be print subscribers, but the market the paper wants to reach with its digital subscription plan. Making sure that clicking
on shared Times links is an unfettered experience, gives it greater exposure. Think of it as ensuring the continuation of social as a sampling tool.
Make no mistake: as I said
in point #1 above, there should be no expectation that people will subscribe en masse to digital versions -- be they Web-based, or on other platforms, such as the iPad. As paywalls go, this
one isn't very high. <
Still, as much of the media world, especially in digital newspapers and magazines, will watch the Times closely and probably follow its lead, its policy is
encouraging. When you link to media sites as often as I do, the thought of a tamped-down Web is chilling. You don't want to constantly think about whether the people who stop by and read your blog
will be able to access what you're linking to. On the other hand, we need those same sites that we favor to make money. The Times' paywall strategy, I hope, is a step in that direction.