spacer image
spacer image

Welcome! You're looking at an archived Snarkmarket entry. We've got a fresh look—and more new ideas every day—on the front page.

June 15, 2008

<< Open That Drafty Window | The Music of News >>

Reader-Owned

What a neat idea, from Alfonso Serrano by way of Felix Salmon:

Personally, I think this is a really good idea: give every print subscriber one Class B voting share of NYT stock, and then give them one more share every three months thereafter, assuming their subscription is still in good standing. The securities would automatically convert to Class A shares if they were sold or transferred, or if the subscriber let his subscription lapse.

I’m sure there’s some SEC craziness that renders this totally implausible, but even so, it’s appealing.

(Link via my dad!)

Robin-sig.gif
Posted June 15, 2008 at 12:42 | Comments (1) | Permasnark
File under: Briefly Noted

Comments

A mutual structure for a newspaper would be new and interesting. I don't think it would work for the NYT in particular, but a new paper could easily set itself up with such a structure.

Insurance companies, credit unions, and co-ops have done the same.

Posted by: pon on June 16, 2008 at 09:52 AM
spacer image
spacer image