Daily newspaper drops paywall, moves to reader patronage, generates 37% more revenue – Walled Culture
peter.suber's bookmarks 2024-06-01
Summary:
"In the first three months since dropping the paywall, the newsroom welcomed 1,254 new donors who hadn’t previously paid to access their coverage. From December 5, 2023 to March 15, 2024, the Forward received nearly $583,000 in donations under $5,000 — a 37% increase over paid subscription revenue during the same time frame the previous year.
In December, the month the Forward removed the paywall, the nonprofit saw a 103% increase in reader revenue under $5,000, compared to the same time last year. That includes 176 new monthly recurring donors, averaging $16/month. Previously, an annual digital subscription brought in $51.21, just over $4/month...."