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06 Dec 2008 03:55 pm
Will The Kindle Help Save Newspapers?
By Patrick Appel
Joshua Benton wonders:
One other important note from that internal New York
Times memo my colleague Zach got a hold of: The company reports it has
“more than 10,000 paid subscribers” to an electronic edition of the
newspaper on Amazon’s Kindle ebook reader. To my knowledge (please
correct me if I’m wrong), that’s the first time a major newspaper has
released numbers on how it’s doing on Kindle — a platform lots of
newspaper execs are eager to see turn into a saving grace for their
industry.
Given that the electronic Times costs $13.99 a month,
that would mean the NYT Kindle edition is generating in the
neighborhood of $1.68 million a year. How much of that goes to NYT Co.
and how much stays with Amazon is unclear.
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