This week's coverage of Newsday Publisher Terry Jimenez's acknowledgment that Newsday.com has sold only 35 online only subscriptions since putting up a high paywall prompted an staff wide strategy memo from Cablevision (NYSE: CVC) brass. Tad Smith, the former CEO of RBI USA who joined Cablevision as president of local media last year, told the staff: "Despite my reluctance to enter this media scrum, I wanted all of us to understand clearly Newsdaycom's strategy and to share in my genuine satisfaction with results thus far as well as optimism for the future" 
Share:  <span class="sent">This week's coverage of <span class="company">Newsday</span> Publisher Terry Jimenez's acknowledgment that <span class="company">Newsday</span>.com has sold only 35 online only subscriptions since putting up a high paywall prompted an staff wide strategy memo from Cablevision (NYSE: CVC) brass. </span> Tad Smith, the former CEO of RBI USA who joined Cablevision as president of local media last year, told the staff: "Despite my reluctance to enter this media scrum, I wanted all of us to understand clearly <span class="company">Newsday</span>com's strategy and to share in my genuine satisfaction with results thus far as well as optimism for the future" Tweet this 

That is a shockingly low number, but don't worry: it's part of Newsday's plan Cablevision President of Local Media, Tad Smith, wrote in a memo to staff that the paywall plan is part of the bundled package with the TV subscription service So the number of people willing to actually pull out their wallet and pay for their news doesn't matter, he says 
Share:  <span class="sent">That is a shockingly low number, but don't worry: it's part of <span class="company">Newsday</span>'s plan Cablevision President of Local Media, Tad Smith, wrote in a memo to staff that the paywall plan is part of the bundled package with the TV subscription service</span> So the number of people willing to actually pull out their wallet and pay for their news doesn't matter, he says Tweet this 

Jen: Yesterday the New York Observer's John Koblin reported a hilarious, yes, hi larious , story that Newsday.com has only netted 35 subscribers since locking most of its content behind a pay wall in October. Keep in mind Newsday's owner Cablevision offers free access to Newsdaycom to its  Optimum Online customers and to Newsday print subscribers Clearly Newsday is only interested in reaching Long Island households so it can go to local advertisers and say: See look at all these people you are getting when you buy a display ad, now pay us this nice fat rate 
Share:  <span class="sent">Jen: Yesterday the New York Observer's John Koblin reported a hilarious, yes, hi larious , story that <span class="company">Newsday</span>.com has only netted 35 subscribers since locking most of its content behind a pay wall in October. </span> Keep in mind <span class="company">Newsday</span>'s owner Cablevision offers free access to <span class="company">Newsday</span>com to its  Optimum Online customers and to <span class="company">Newsday</span> print subscribers Clearly <span class="company">Newsday</span> is only interested in reaching Long Island households so it can go to local advertisers and say: See look at all these people you are getting when you buy a display ad, now pay us this nice fat rate Tweet this 

It sounds like Newsday is fulfilling at least one part of its paywall plan: not selling online subscriptions. Sure, subscriptions are available but unlike the New York Times Co (NYSE: NYT)  or others who are looking at various pay models to raise income, the real emphasis has been on creating additional value for the services Cablevision (NYSE: CVC) customers already get and improved engagement with local subscribers Newsday print subscribers and Optimum Online subs automatically get access; everyone else has to pay about $260 a year 
Share:  <span class="sent">It sounds like <span class="company">Newsday</span> is fulfilling at least one part of its paywall plan: not selling online subscriptions. Sure, subscriptions are available but unlike the New York Times Co (NYSE: NYT)  or others who are looking at various pay models to raise income, the real emphasis has been on creating additional value for the services Cablevision (NYSE: CVC) customers already get and improved engagement with local subscribers</span> <span class="company">Newsday</span> print subscribers and Optimum Online subs automatically get access; everyone else has to pay about $260 a year Tweet this 

In a landslide rebuttal, members of Newsday's largest editorial guild rejected a proposed contract from the Cablevision owned newspaper. The Graphic Communications Conference/International Brotherhood of Teamsters Local 406 voted on the contract on Jan 24 Out of 1,100 members, 473 voted against the contract 
Share:  <span class="sent">In a landslide rebuttal, members of <span class="company">Newsday</span>'s largest editorial guild rejected a proposed contract from the Cablevision owned newspaper. </span> The Graphic Communications Conference/International Brotherhood of Teamsters Local 406 voted on the contract on Jan 24 Out of 1,100 members, 473 voted against the contract Tweet this 

Jen: Hey Newsday, how's that pay wall working out for you? Ever since the site built a toll booth and enforced payment in late October traffic has thinned out According to Nielsen Online, in the month of November the number of unique visitors to Newsdaycom fell 45% to 17 million year over year 
Share:  <span class="sent">Jen: Hey <span class="company">Newsday</span>, how's that pay wall working out for you? Ever since the site built a toll booth and enforced payment in late October traffic has thinned out</span> According to Nielsen Online, in the month of November the number of unique visitors to <span class="company">Newsday</span>com fell 45% to 17 million year over year Tweet this 

Let's start with the bad news. Commercial real estate loan failures in the mid sized regional banking industry have become a thorn in the economy's foot, writes Andrew Smith for Newsday . According to a Wall Street rating agency's report, commercial real estate failures will likely affect smaller banks because most of these banks have a larger portion of their portfolios allotted to commercial real estate loans ( Why regional banks are faltering ). Non performing loans are on the increase and the Fitch report noted that commercial mortgage defaults are accelerating, which has been evidenced by the quarterly reports of many banks. On the bright side, regional banks could become more dominant in the United States as policymakers reassess risk in the financial system and enact more strict regulations, reports  Karey Wutkowski for Reuters . 
Share:  Let's start with the bad news. <span class="sent"> Commercial real estate loan failures in the mid sized regional banking industry have become a thorn in the economy's foot, writes <span class="analyst">Andrew Smith</span> for <span class="company">Newsday</span> . </span> According to a Wall Street rating agency's report, commercial real estate failures will likely affect smaller banks because most of these banks have a larger portion of their portfolios allotted to commercial real estate loans ( Why regional banks are faltering ). Non performing loans are on the increase and the Fitch report noted that commercial mortgage defaults are accelerating, which has been evidenced by the quarterly reports of many banks. On the bright side, regional banks could become more dominant in the United States as policymakers reassess risk in the financial system and enact more strict regulations, reports  Karey Wutkowski for Reuters . Tweet this