In the future, news junkies may be willing to pay a subscription fee to get their fix, but judging by what’s happening over at Long Island’s Newsday newspaper, that time has not come. According to The New York Observer, after three months, only 35 people had signed up to have full access to newsday.com for $260 a year.
Rupert Murdoch just can’t get enough of the New York newspaper scene. The News Corp. mogul, already in possession of the New York Post and The Wall Street Journal, has worked out a deal to buy Newsday for about half a billion dollars. That paper is currently owned by another salty media tyrant, Sam Zell.