amNewYork and the local edition of Metro have found their niche in the Big Apple.
The first one is profitable, with a revenue estimated to $18m-$20m and undisclosed profit. amNY is helped by its shareholder, Tribune Inc., which allows the free paper to reprint stories from Newsday and to benefit from its printing plan. Amazingly enough, the revenue is half the one generated by each of the two big free papers in Paris, 20 Minutes and Metro. Metro NY is not yet profitable, and its revenue is even smaller than amNY’s, at $14m. Both survive in the context of a rather depressed New York daily press.
> story in Crain’s
Related columns:
- Paid-for-free papers: the mirage of the hybrid models In less than five years, major newspapers will be giving away more than 50% of their copies. We call this the hybrid model. It works like this: a paid-for newspaper (one posting a price on its first page) with a vast portion it circulation distributed in selected – that’s the key point — areas for [...]...
- The battle for New York’s papers An update: Murdoch decides not to bid for Newday. The AP story. Five newspapers in New York. Ranging from the most respectable to the lowest tabloid. One is the object of a bidding war, another is under siege by Wall Street. Who will control NYC’s newspapers a year from now? Here is an overview of [...]...
- The New York Times launches a text-messaging service By sending a text message to designated Times numbers, users can receive the opening text of articles on their cell phones and other mobile devices. > Story in Crain’s...
- Inhale, it’s Free “Free”, as a business model, is a figment of the imagination. In itself, “Free” is not a business model, it is only a component of broader revenue system. Unlike Chris Anderson, author of the book “Free” ($18.00) — a bestseller not a bestfreebie — I happened to actually practice the free “model”. Between 2002 and [...]...
- Press is bleeding faster than ever “Tomorrow will be the final edition of the Rocky Mountain News. (…) You all did everything right, but the business model of the press changed, the economy changed and the Rocky became a victim of that”. Last Thursday, these were Rich Boehne’s (CEO of EW Scripps) terse words when announcing the end of the 150 [...]...
