With paid website, Reuters faces stiff competitors

Laura Hazard Owen of Nieman Lab writes in regards to the competitors that Reuters faces by charging for entry to its web site. Owen writes, “Who deems Reuters.com so important that they’ll pay greater than two Netflixes a month for it? In 2011, Ken Physician wrote for us in regards to the competitors the information firm confronted because it


Laura Hazard Owen of Nieman Lab writes in regards to the competitors that Reuters faces by charging for entry to its web site.

Owen writes, “Who deems Reuters.com so important that they’ll pay greater than two Netflixes a month for it? In 2011, Ken Physician wrote for us in regards to the competitors the information firm confronted because it tried to develop into higher recognized within the shopper world:

Competitors is throughout, as different firms morph to satisfy related challenges. There’s Bloomberg, whose sizzling breath Reuters can really feel as the corporate goals to eat a few of TR’s core enterprise, with the Monetary Instances and Information Corp’s Dow Jones taking extra focused purpose, and The Economist, the Instances, and AP all competing for differing components of the enterprise.

“A decade later, Reuters faces extra competitors than ever. Bloomberg added a paywall in 2018 (additionally a choice that some discovered baffling) and at the moment expenses $34.99 a month for a digital subscription, although hefty low cost provides abound. The corporate expects to ‘method’ 400,000 shopper subscriptions this yr, up from 250,000 in 2020. A variety of these subscriptions are most likely expensed. Reuters, aiming at knowledgeable viewers, can be probably hoping that many subscribers gained’t blink at sticking that $420 a yr on their company playing cards.”

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