| The sum of annual subscriptions across all newspapers I'm interested in is exorbitant. What if I could pay on a per-article basis? I wouldn't have a problem paying 50¢ or $1.00 for an article I was interested in. It's not practical for each publisher to set up micro-payments. But, if there were an intermediate agent that accepted and managed payments for individual random articles, the money could be aggregated and remitted in a lump sum to the publishers. Sort of like an old-fashioned news stand. What the newspaper business needs is a middleman who will collect micro-payments from me and millions of others, aggregate the money, charge my credit card once a month, and pay each publication weekly or monthly for the collective readers who have selected articles. The middleman could accept PayPal payments, or I could open an account with my credit card, and pay once a month for all the individual articles I have read. There is a Website called Blendle that proposes to do this. However, only a subset of articles are available. Publishers are reserving the prime content for full subscribers, and leaving Blendle with the crumbs. That's not going to work. |
When you subscribe to a publication, you have to make decision once. You think about the amount of money against all future potential articles you can read, and decide from there. When you're paying for EACH article, all of a sudden you have to make that decision with every click. Is this article REALLY worth 50 cents?
Not to mention, this incentivizes the totally wrong things. People say they hate clickbait, but the aggregators and social networks that now act as gatekeepers force that kind of behavior -- publishers of course only get paid when you click through to their article. And in this case, it's even more profound -- we're no longer talking about a few cents from display ads, but 50 cents to $1.
For what its worth, we're trying a different tack -- especially when it comes to local news: https://blog.nillium.com/what-can-napster-teach-local-news/