“There’s been a lot of talk this year about finally charging readers for news, especially on mobile devices, where media executives see a chance to condition consumers to handing over a few dollars for a constant stream of updates to their pocket. CNN is among the first big news outlets to give it a shot. Its app costs $1.99 to download,” Vanacore reports.
“The new app follows an announcement this month by News Corp. Chairman Rupert Murdoch that the company will start charging a subscription — possibly as much as $1 or $2 per week — for access to The Wall Street Journal’s mobile applications,” Vanacore reports.
“Many in the industry are skeptical that readers will pay for much online beyond business and financial reporting — the kind of stuff that helps people make money,” Vanacore reports. “How CNN fares in selling its app on Apple Inc.’s iTunes store for the iPhone and the iPod Touch will be closely watched by other media companies as they struggle with the loss of advertising dollars to the Web.”
Full article here.