Tuesday, April 06, 2004

media - Reuters challenges the trends

The 157-year old newswire Reuters, employing 2,400 journalists worldwide, is going to charge for its business news, the Wall Street Journal discovered.
Not really a China-issue, but important enough to report about because it goes against some important trends at the internet. Thanks to the internet news has become a commodity that has become increasingly for free. I'm not paying for my news anymore, and you do not have to. Some media, like the Financial Times, have been trying to charge for part of their content. I would just skip the paid part, just like I would do it for other websites that charge money.
Reuters can only get away with that move if other newswires would follow. And when others would follow they would act like a cartel, and get into legal problems. The giants are struggling to survive, and, yes, the qualification dinosaurs comes again to mind.
Reuters now gets less then ten percent of its revenue from its media activity, the rest comes from its financial data. Logic says that only stopping providing information to media would make sense, business-wise. But then: who would provide us with a similar service?
The China Herald will remain free.

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