Best piece you’ll read today is this short post about the “death” of the novel in 1896 http://tr.im/CErR (HT @robinsloan) »
Slate editor says 500,000 loyal users are key to site’s revenue and journalism, not 7 mil. monthly uniques http://tr.im/CGa9 »
The Los Angeles Times has 2,700 Kindle subscribers, which means $97,200 a year in revenue http://tr.im/CAzk »
As @carr2n notes, watershed in NY Times Co.’s quarterly earnings is that circulation now tops advertising http://tr.im/CEqp »
Nice http://salon.com redesign. Grid fanatics will be pleased. »
So cool: The Guardian measures effect of postal strike by mailing boxes with GPS devices in them http://tr.im/CEpi »
Oct. 22, 2009, 5:32 p.m. | FOLLOW @NIEMANLAB ON TWITTER
How did you calculate the yearly revenue for the 2,700 Los Angeles Times Kindle subscribers? How do you know what the revenue share percentage is? For 2,700 subscribers, at $10/per month, for 12 months is $324,000. $97,200 is only 30% of the cut. The publishers are supposed to get the majority share of the revenue.
You’re right on the math: The cut for newspapers on the Kindle, according to Dallas Morning News publisher James Moroney, is 30%. Amazon hasn’t confirmed that figure, but it’s been reported elsewhere. Another third of the revenue apparently goes to Sprint for the wireless connection, so Amazon, at least, argues that it’s an even share. Publishers, needless to say, don’t feel the same way. (For more, see Josh’s post today.) —Zach