A No Good Day for Newsday
The old adage, “No news is good news,” is definitely true for the Dolan’s who purchased Newsday, the Long Island daily, for $650 million last October. Attempting to make the jump from a paid paper daily to a paid internet news source, the Dolan’s opted to make Newsday internet and membership accessible only. Possibly “ahead of the Times,” Newsday’s membership hasn’t exactly balanced the $4 million website overhaul. While a return on an investment is every investor’s dream…for the Dolan’s and Newsday, the $9,000 ROI is nothing short of a nightmare.
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