This post is a follow up to another I did recently who stirred a little bit of debate.
I would like to look at an alternative model who would preserve the much-needed values of quality news reporting, but be financially viable and stable.
Let’s imagine a newsproduct which:
- is online only (no paper)
- has no offices, meets online
- published continuously 24/7, similar to the CNN continuous news model
- authors apply all the best practices of quality journalism, such as fact-checking, second source, separation between facts and opinions
- authors are compensated at market rates, with an incentive proportional to the “activity” of each of their published articles (reads, comments, shares, likes, etc.)
- articles are rated and commented (as in most online papers) and the rating determines the front page
- every major story is offered with at least two opposing views
- offers both national columns and very local columns
- allows for a granular subscription model, i.e. my subscription price varies as a function of the columns (=RSS feeds) I subscribe to
- receives no government subsidies
- accepts no advertising
Is this possible? Has it been tried before somewhere?
What is the breakeven point for such a product assuming a monthly ARPU of around 30 euros?
I definitely need the help of people in the newspaper industry, here…