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Pay wall fail : $650 million Newsday acquisition garners just 35 subscribers in three months

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http://www.downloadsquad.com – Filed under: Internet In news that must surely test the size and solidity of Rupert Murdoch's balls, it seems that one of the first behind-the-pay-wall news sites -- Newsday -- has accumulated a grand total of 35 paying subscribers in three months of operation. I've never heard of Newsday, but apparently it's a big daily paper from Long Island, New York. It was bought by the Dolans (the original owners of the HBO network) in 2008 for $650 million. Recently the Newsday website was overhauled for the princely sum of $4 million. It then went behind a pay wall in October 2009 -- since then (over three months ago) they have managed to accrue a total of 35 subscribers. Those 35 people have, so far, netted the paper a grand total of $9,000. They have managed to find just shy of three dozen -- twoscore minus four -- people willing to pay five dollars a week for quality news reporting. If I was Richard Murdoch and about to sink my crowning glory of a newspaper behind a pay wall, I'd be a little scared right now. Share tweetmeme_url = 'http://www.downloadsquad.com/2010/01/27/pay-wall-fail-650-million-newsday-acquisition-garners-just-35'; tweetmeme_source='DownloadSquad'; tweetmeme_style = 'compact'; Pay wall fail : $650 million Newsday acquisition garners just 35 subscribers in three months originally appeared on Download Squad on Wed, 27 Jan 2010 07:12:00 EST. Please see our terms for use of feeds.Read | Permalink | Email this | Comments (General)