More than a year and a half later, it’s clear the New York Times’ paywall is not only valuable, it’s helped turn the paper’s subscription dollars, which once might have been considered the equivalent of a generous tithing, into a significant revenue-generating business. As of this year, the company is expected to make more money from subscriptions than from advertising — the first time that’s happened.Bloomberg’s Edmund Lee • Discussing the success of the New York Times paywall, which has done something very surprising — it’s allowed the New York Times to make more than half of its overall revenue from subscriptions, rather than the traditional 80 percent advertising/20 percent subscriptions balance that has traditionally defined newspapers. That’s good for a number of reasons, with the biggest being that the New York Times is no longer as overly reliant on ad dollars to sell its news. That’s an awesome spot for the Times to be, but the real question: Does that mean anything for papers that aren’t the Times, which may be a tougher sell than a paper of record?
Last week ‘The Onion’ said I was going to become a male stripper. … ‘The Onion’ is probably more accurate than Tom Friedman.Education secretary Arne Duncan • Responding to Thomas Friedman’s bizarre column suggesting Duncan was the perfect candidate to become the next Secretary of State — by citing the second most surprising thing written about him recently. Duncan wins on the sense-of-humor front.
It’s a little early to know exactly what we can learn from social media metrics. I think the way we’ll be looking at this stuff will be very different in four years, in eight years, in twelve years. For right now, we’re kind of in an awkward adolescent age … we’re out of the classical innocent era of our youth where you could just call someone on the phone. But we’re not sure what the substitute for that is yet.With all the recent brewhaha about Nate Silver’s controversial projections for tonight’s outcome, and while we’re all waiting for some legit data to come back from the polls, it seems like a good time to revisit our exclusive interview with Mr. Silver back in September. Enjoy! (via election)