Cablevision's (CVC Quote) plan to charge for Newsday online ushers in a new era for newspapers in decline.
After reporting mixed fourth-quarter results Thursday, Cablevision executives told analysts on an earnings conference call that Newsday's online news would essentially be part of a service bundle to lure and keep TV subscribers.
"We plan to end distribution of free Web content and make our news gathering capabilities a service our customers," Cablevision operations chief Tom Rutledge said on the call.
With more major newspapers closing this week, including E.W. Scripps' (SSP Quote) Rocky Mountain News, and others like New York Times(NYT Quote) selling assets to raise cash, Cablevision's attempt to convert Newsday's local Long Island, N.Y., news dominance into a new sales opportunity has a risky appeal. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet