As the double whammy of a financial crisis and a shrinking print readership is making journalism less lucrative in US, a growing number of publications in the country are mulling to charge their online readers to make a buck.
Certain publications like the Wall Street Journal and Newsday already charge for online articles, and New York Times will be doing so shortly. Now, the NY Times reports that other newspapers are following suit. "With advertising plummeting, many other publishers eager for a new source of revenue are considering making the switch, despite the risk of losing audience and advertising,"the Times wrote.
Steven Brill, an entrepreneur working on the requisite software that would allow media outlets to charge their readers, told the daily that it would take a long time before charging Internet users would
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