by Mike Masnick
Thu, Apr 23rd 2009 6:48pm
We pointed out last week that it was no surprise that the new InDenver Times operation, that sprang forth from reporters from the defunct Rocky Mountain News, was unable to meet its target of 50,000 subscribers before launching. However, it turns out that they only got around 3,000 subscribers, or around 6% of their goal. Not surprisingly, the folks who originally wanted to finance the operation have now backed out, over disagreements over how many people to employ. As some are noting, the reporters seem to think that you can just recreate a fully staffed newsroom from scratch, rather than building it up organically like a startup. Sure, there's obviously a feeling of bringing along a team from the old Rocky, but the idea is to get it right where that paper failed as a business -- and you don't do that by setting up the same bad cost structure (or... by trying to charge for subscriptions online).
If you liked this post, you may also be interested in...
- Nigerian Government Officials Abusing Cybercrime Law To Silence Critical Journalists
- Journalists Blaming Facebook For Decline Is Just As Tiresome As When They Blamed Craigslist & Google
- Will The Washington Post Give Back Its Pulitzer And Stand Trial With Snowden?
- MuckRock & Vice Announce Fellowship To Investigate Peter Thiel
- New Denver News Startup Discovering (Again) People Aren't So Interested In Paying For News