Cablevision To Deploy Online Newsday Subscription Soon
07 Maio 2009 - 12:08PM
Dow Jones News
Cablevision Systems Corp. (CVC) will this summer deploy an
online subscription model for Newsday, the Long Island-based
tabloid newspaper it acquired last year, said Chief Operating
Officer Tom Rutledge on Thursday.
Rutledge made his comments on a conference call with analysts
following the company's first-quarter earnings release, in which
Newsday posted revenue of $83.4 million, down sharply as the
publishing industry continues to flounder amid a decline in
advertising and the rise of the Internet.
Rutledge signaled that Newsday would experiment with an online
subscription model earlier this year, and the company is expected
to make Newsday available online to its cable subscribers.
Newspaper observers are watching Cablevision's strategy closely
as the publishing industry struggles amid the advertising downturn
to generate revenue from online audiences, which have become
accustomed to reading news online free.
-By Nat Worden, Dow Jones Newswires; 201-938-5216;
nat.worden@dowjones.com