Newsday to charge for Web site

Not good news. Not good news at all.

Via Rueters:

"Our goal was and is to use our electronic network assets and subscriber relationships to transform the way news is distributed," he [Tom Rutledge] said on a conference call with analysts.

"We plan to end the distribution of free Web content and make our news gathering capabilities a service for our customers," he added.
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Newsday's publisher Timothy Knight said in a statement: "We are in the process of transforming Newsday's Web site into an enhanced, locally focused cable service that we believe will become an important benefit for Newsday and Cablevision customers. More particulars will be forthcoming over the next few months."

Though it may be good for a print journalism major like me in the long run, but I can see this backfiring to a major degree.