Word to the wise.
Don't renew your subscription to the online Wall Street Journal just yet.
Rumour has it that new owner, ex-Aussie and Union pin-up boy Rupert Murdoch, is planning to let the WSJ online run FREE...
When? How the fuck would I know? But pretty soon, sources close to Murdo inform E@L
Pundits are amazed that he is prepared to let an estimated USD$50million in annual subscription fees slide... But it seems he is...
WSJ is about the only online fishwrapper that made serious money from its subscription service.
The New York Times Select paid service for Op-Ed articles was scrapped last year. They claimed they would make more money from click-through adverstising than they were earning through their subscription service.
Straits Times please take note. Or not, like anyone gives a fuck about your MM-watch and your insular parochial opinions and your idea of "news".
And same for SCMP, except I have some friends who write for SCMP occasionally so I'd like to get it...
OTHER MONKEYS SAID
"Where does E@L get all this up to date inside financial knowledge?" Seems the galavanting life of an XSpurt gathers more than just cash.
An XSpurt never names his sauces.