Readers pay for digital news when you sell the value

NEW YORK -- The big mystery in the newspaper industry has been how to get digital readers to pay for a product they have been getting free for years.

Denise Warren
The industry has struggled because subscription operations were always loss leaders that didn't pay for themselves. Executives had no idea how to run a profitable subscription operation and have been learning how to do it for the first time, said Denise Warren, who played a major role in the New York Times's transition to paid digital subscriptions.

She spoke May 3 to an audience of professors and industry representatives at the World Media Economics and Management Conference held at Fordham University.

Many publishers make the mistake of marketing their digital products on the basis of price and discounts, Warren said, when they should be promoting the unique value proposition of news and information that readers cannot get anywhere else.

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