Newsday to charge for online access

Newsday to charge for online access

Cablevision Systems has announced that they would soon start charging for access to Newsday newspaper website.

This is an exceptional case when it comes to online news media sources.

Most of the newspaper companies are focusing on generating revenues through online advertising for their online editions.

Cablevision had acquired Newsday last year for $650 million. The deal was criticized considering newspapers are struggling to generate profits in these tough times.

Cablevision Chief Operating Officer Tom Rutledge spoke about the new developments: “Our goal was and is to use our electronic network assets and subscriber relationships to transform the way news is distributed. We plan to end the distribution of free Web content and make our news gathering capabilities a service for our customers.”

Checkout: Newsday