clipped from: adage.com   

Why the Print Industry Should Subsidize the Kindle


Amazon Device Could Be White Knight for Newspapers and Magazines


Newspaper and magazine execs have long regretted making their crown jewels -- quality content -- available for free. No one has really been able to make a go of digital subscriptions.


As the tangible media era ends, the media formerly known as print can't count on advertising alone to survive. They need to find healthy subscription revenues. Thankfully, an unusual white knight has emerged: the Amazon Kindle.


The Kindle 2.0's debut was a watershed moment for print media. It offers one last solid shot to build a robust digital-subscription businesses -- if newspapers and magazines move quickly.


Newspapers and magazines must jump in now. Subsidize Kindles. Create value-added content for the device. Or even partner with advertisers in creative ways to offer new content. This is the last shot at getting people to shell out for digital subscriptions.