Tags: jeff bezos | newspaper | readers | should pay. washington post

Jeff Bezos on Newspapers' Future: 'Ask People to Pay'

Image: Jeff Bezos on Newspapers'  Future: 'Ask People to Pay'
Jeff Bezos (Getty Images)

By    |   Wednesday, 21 Jun 2017 06:35 PM

Jeff Bezos has advice for the newspaper industry: "When you're writing, be riveting, be right, and ask people to pay."

Bezos, the founder of Amazon who in 2013 purchased the Washington Post for $250 million, spoke at the Future of Newspapers conference in Turin, Italy, on Wednesday, where he told the audience the Post’s tightening of its paywall has caused subscriptions to go up.

"This industry spent 20 years teaching everyone in the world that news should be free. The truth is, readers are smarter than that. They know high-quality journalism is expensive to produce, and they are willing to pay for it but you have to ask them,” he said.

The Post this year turned a profit despite a fall in revenue and circulation in the industry overall. Some major U.S. newspapers reported a large jump in online subscriptions following the 2016 presidential election but buyouts and cuts continue to hit the industry hard.

But Bezos said the staff at the Post needed “a little bit of runway and the encouragement to experiment, and to stop shrinking.”

Since, the newspaper has added about 140 reporters. The tech team has also grown.

"We've grown our way into profitability instead of shrinking our way into profitability,” said Bezos.

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Jeff Bezos has advice for the newspaper industry: "When you're writing, be riveting, be right, and ask people to pay."Bezos, the founder of Amazon who in 2013 purchased the Washington Post for $250 million, spoke at the Future of Newspapers conference in Turin, Italy, on...
jeff bezos, newspaper, readers, should pay. washington post
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Wednesday, 21 Jun 2017 06:35 PM
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