Slovak online media subscription meets success
It’s an uncommon headline, but an online news source is boasting promising financial prospects. A Slovak media subscription payment system launched in May announced last week that during its first month it netted over €40,000 in revenue, the largest amount yet earned through publication subscription on the Slovak internet.
As editor Jeremy Druker reported in TOL’s editor blog, the Slovak “Piano” system works similarly to cable in that one payment grants access to multiple channels. A flat fee of €2.90 per month provides subscribers with access to 34 sections and services on 9 internet sites.
If anyone could make the system work, wrote Druker, it was Piano Media’s CEO Tomas Bella.
Well, one month in, it looks like he’s played his part.
“We achieved our subscriber target within two days of launching the system. So it is clear that the common payment system has had only a very small, or no impact on readership,” said Bella, according to a description on Piano Media’s website.
Take note, NYTimes. With online subscriptions appearing to be the hopeful lifesource for faltering news sources, maybe Slovakia’s onto something.
About the Author
-
More from Transitions Online- House of Mirrors: What’s Behind the Third Prosecution of Gulnara KarimovaAn international arbitration case sheds light on the third successful prosecution of Gulnara Karimova, Uzbekistan’s former first daughter. From Eurasianet. […]
- A Lack of Bedside MannersSome Turkish women have been avoiding gynecological examinations because of bullying from their own doctors. […]
- ‘Your Traditions, Our Blood!': The Struggle against Patriarchal Violence in KyrgyzstanIn Kyrgyzstan, it appears that the police and nationalist groups are increasingly conspiring to push organized feminism off the streets. From openDemocracy. […]
- A Simple MaskHow a hard-to-find piece of cloth came to symbolize shortage of medical supplies as the pandemic hit the Czech Republic. From Respekt. […]
- Systemic InfectionTo understand coronavirus, we need to consider its effects on freedom and democracy, with Hungary at the forefront. […]
- Our Bodies, Our Wen-DoWith domestic violence rates in Belarus among the highest in Europe and few legal protections, some women are turning to self-defense classes. […]
- Viral VictimsA generation split by the Iron Curtain tells two very different stories of ease and disease. […]
- Fighting for Freedom with Their Hands TiedOnly international forces, in cooperation with domestic efforts, can prevent independent outlets from being ensnared in the binding folds of the media straitjacket. […]
- House of Mirrors: What’s Behind the Third Prosecution of Gulnara Karimova
- Twitter feed loading...
About Us
Net Prophet is a blog supported by Transitions Online tracking new media and tech developments across Central Europe and Eurasia.
Transitions Online is an online magazine that covers political, social, cultural, and economic issues in the former communist countries of Europe and Central Asia. The magazine has a strong network of local contributors, who provide valuable insight into events in the region’s 29 countries.
