Source:
New York TimesPolitico, the upstart news source from Washington, and Reuters, the venerable wire service, have joined forces to offer articles to newspapers and sell advertising on the papers’ Web sites, the latest step in the rising competition among electronic news media to fill the void left by the shrinking print business.
Politico recently began offering papers a limited number of free articles, and beginning this week the papers that sign onto that service, the Politico Network, will also see the stream of daily output from Reuters, and choose up to 10 articles and 10 photographs each day to use in print or on the Web.
Politico would gain the right to sell ads on the newspapers’ Web pages containing the Politico and Reuters articles — though not the printed pages — and would share the revenue with the papers.
At the same time, Reuters will begin carrying most of Politico’s work on its news wires.
“Admittedly, this is an experiment,” said Jim VandeHei, executive editor of Politico. “But we’re sure there’s a need.”
At the same time, CNN is trying to build a wire service for print media to compete with the dominant player in that field, The Associated Press, and news services focused on finance, like Bloomberg News and Dow Jones Newswires, are expanding their coverage of general-interest news. Meanwhile, newspapers face new competition from Web-based local news operations that are springing up around the country....
Read more:
http://www.nytimes.com/2008/12/15/business/media/15politico.html
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
