Oct 1 (Reuters) - CNN has rolled out a paywall and is
asking some of its users to pay $3.99 a month for access to its
content, the news website said on Tuesday, as it looks to
generate a digital revenue stream.
The move comes at a time when several publications such as
the New York Times ( NYT ) have already launched and seen
success with subscription models that have helped boost
subscriber numbers.
With cable television viewership and revenue dwindling, news
organizations including CNN are looking to cash in on digital
media to offset the decline in TV, which had previously been a
key source of revenue.
"Starting today, we are asking users in the United States to
pay a small recurring fee for unlimited access to CNN.com's
world-class articles," said Alex MacCallum, CNN's executive vice
president of digital products and services.
The subscription push is also in tandem with CNN CEO Mark
Thompson's plans to shift the company away from being a
television-focused organization to a multi-platform news company
by bolstering its digital business.
CNN, owned by Warner Bros Discovery ( WBD ), will push for
subscription only after users have read a certain number of free
articles a month, MacCallum added.
Subscribers will have access to CNN's articles and other
content including original documentaries and exclusive election
features. They will also have access to daily curated news
selection and see fewer ads, the company said.
The paid subscription is in its preliminary form and it will
expand over time to meet users' needs, CNN said.