Why buy a yacht when you can buy a newspaper?
21 Apr, 2021 07:56 PM
9 minutes to read
One arena in which the billionaires can still win plaudits as civic-minded saviors is buying the metropolitan daily newspaper. Photo / 123RF
One arena in which the billionaires can still win plaudits as civic-minded saviors is buying the metropolitan daily newspaper. Photo / 123RF
New York Times
By: Nicholas Kulish
Billionaires aren t usually cast as saviours of democracy. But one way they are winning plaudits for civic-minded endeavours is by funding the Fourth Estate. Billionaires have had a pretty good pandemic. There are more of them than there were a year ago, even as the crisis has exacerbated inequality. But scrutiny has followed these ballooning fortunes. Policymakers are debating new taxes on corporations and wealthy individuals. Even their philanthropy has come under increasing criticism as an exercise of power as much as generosity.
UPDATE 1-Reuters website goes behind paywall in new strategy Reuters 9 hrs ago
By Kenneth Li
April 15 (Reuters) - Reuters News on Thursday unveiled a new subscription website as part of a broad initiative to court business professionals.
In addition to targeting its current global readership, the newly revamped Reuters.com https://www.reuters.com is hoping to attract professional audiences prepared to pay $34.99 per month for a deeper level of coverage and data on industry verticals that include legal, sustainable business, healthcare and autos.
Reuters.com will remain free for a preview period, but will require users to register after five stories. It is not immediately clear when it will begin charging.