Friday, March 12, 2010

Newspapers regret free online content

The head of Canada’s most widely read newspaper says his industry committed a fatal error when it offered all its content for free online.

“I think we did make a big mistake,” said John Honderich, who serves as chairperson of the board, and the voting trust for Torstar Corporation, which owns The Toronto Star. “The whole model doesn’t work. Everyone is saying now that we have to back up and absolutely rethink where we’re going on this whole debate.”

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