by Mike Masnick
Fri, Apr 17th 2009 2:58pm
While we thought it was great that a group of former reporters from the suddenly-closed Rocky Mountain News were trying to form a new online venture called the InDenver Times, we thought it was quite unlikely that the group would actually be able to get 50,000 people to agree to pay them $5/month by April 23rd. That was the self-appointed deadline set by the group. And, in fact, as we approach the 23rd, Romenesko alerts us that the group is is struggling to even find 10,000 people willing to subscribe. That isn't too surprising. There remain other (free) sources of news, and they're trying to get people to agree to pay for a product that doesn't even exist. The fact that they've got almost 10,000 is impressive enough. That said... while the group still clings to the idea of a subscription model, they're also saying that they'll move forward even without the necessary subscribers. Hopefully that gets them exploring more reasonable business models, because $50,000 a month from subscribers isn't going to go very far.
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