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"About half a million households pay a $70 annual fee that includes access to the full database of articles, videos, original documents and access to mobile applications." That's $35 million a year, which is not as good as the best year of the print version (which would have $150 million in sales if I'm figuring correctly), but is still not too shabby.


Books don't need a cadre of software engineers pushing out updates for iOS + every Android device, video transcoding licenses, account servicing, servers, an 800-number staffed with tech support...

The book model was far better.


Do you have any actual stats to back that up?

Software doesn't need to be printed in 32 large, luxurious volumes and sold by a cadre of door-to-door salesmen.




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