Unfortunately, the primary impact of putting up a paywall for premium content seems to be to raise huge arguments about why "information wants to be free", not the reality of what happens without one.
Unfortunately, the primary impact of putting up a paywall for premium content seems to be to raise huge arguments about why "information wants to be free", not the reality of what happens without one.
Even if I just had the option of outbidding the advertiser I'd be happy.
What I'd really like to see is a "real" news website that supplies non-biased news written by real investigative journalists with no advertisements. I'd pay handsomely for that.
+1, I'd definitely pay for that. Right now I don't trust news media by definition, and I believe only what I get from articles featured on HN - because I can be sure that when I click on "comments", I'll find it thoroughly analyzed and debunked by people who actually know and care about what they read. </rant>
You need to solve micropayments to make paywalls work.
The New York Times paywall seems to be earning them a fair bit of revenue, and they're more than happy to give you the three or four articles a month you'd read there for free-- you're not their target market segment.
I don't know how true that premise is, but it's definitely a simpler solution for them than coming up with a solution to micropayments (which you're absolutely right, does need to get solved).
For instance, I've already tipped the original article 20¢ :-) (see my Tip stream at http://tiptheweb.org/tipstream/patg6vy3pyb62/ )
If publishers can get direct financial support from their audience, they wouldn't need to overdo things with ads, and they'd focus more on providing the best possible experience for that audience. Better for everyone.
I don't think I would be inclined to ever tip unless I knew that the author has a presence on the tipping service so I knew they were actually going to claim the tips. Wonder to if a reverse model, similar to a kickstarter would work, as in an author proposes a piece of content they will put some time into a produce if they get some upfront commitment of tips.
If Time magazine no longer needs to print and mail their product, should't they be making MORE money?
One of the fundamental problems that no one mentions is that advertisers have been grossly overpaying for print ads for decades. They had no measure of the effectiveness or reach of their ads except "X magazine has Y subscribers".
With digital targeted advertising, we know exactly how many views, clicks, length of view, not to mention tons of demographic data on the reader. That's worth something. It's worth a lot more than an untargeted ad on a page in a magazine that might go straight from the mailbox into the garbage.
I'm not claiming to know what will happen in digital advertising, but I really don't think paywalls or micropayments are the future. My guess is something like major media companies will get rid of their entire ad sales staff, outsource advertising to Facebook/Google, and deliver their content through multiple channels/feeds/API which can been interpreted by various apps or devices to be viewed in the way the consumer likes.