Bloomberg’s BusinessWeek app launches to mixed reviews

Bloomberg Businessweek announced the launch of a beta version of its new Businessweek iPad app, available as an iTunes subscription for $2.99/month.


Dan Frommer is a pretty glowing in his admiration of the app, actually impressed with Bloomberg Businessweek’s new iPad app.

Bigger picture: While you could say that weekly business magazines are already irrelevant in the Twitter era, Bloomberg is at least spending money on making good products. (That’s the beauty of having a cash-printing terminal business with which to fund Bloomberg TV, magazines, etc.)


TechCrunch’s Erick Schonfield is underwhelmed, calling the app nothing more than a digital reproduction of the magazine.

But with the iPad app, I am not getting all of that. It is nothing more than a digital reproduction of the print magazine. The news changes only once a week. In a world where news changes every minute, that lag time is one legacy you don’t want to bring over from print. And Businessweek doesn’t have to either. It’s website changes every day, and there is no reason those articles shouldn’t show up in the iPad app. Even the search function in the app only works for iPad issues in your archives. It doesn’t return results from the website.

By making its iPad app less informative than its website, Bloomberg Businessweek is signaling to readers that if they want to stay up to date they will be better off simply going to the website, which is free. So Bloomberg Businessweek thinks readers will want to pay $2.99 a month for less information that is presented in a prettier format. What readers end up paying for, essentially, is the tablet experience and bigger fonts.

Bloomberg’s app for Businessweek joins a host of other magazines trying to recreate themselves in the age of social media, apps, and mobile devices. From the Financial Times to Elle to Popular Science, publishers are signing on to Apple’s subscription service (or intend to).

Murdoch, Good Content, and Pricing

Rupert Murdoch on Fox News post D8 presentation. He’s pushing the Wall Street Journal as a mainstream paper/product and is pretty blunt about turning off non-payers of premium content.

He also claims that he expects similar subscription numbers that the enjoys on the iPad (1MM+).

Check out the video below.

The Atlantic on WSJ iPad app: It’s working

Interesting analysis on The Atlantic today regarding the WSJ’s paid content experiment on the iPad.

Let’s remember (from the article):

  • Apple sold about 500,000 iPad units in its first week
  • 3200 WSJ iPad apps sold so far at $17.29/mo (or bundled together with other editions)
  • 30,000 current WSJ subs trialing a free version of the app — so room for paid conversion

Rupert Murdoch has been a loud proponent of paid, subscription content as a revenue model.  It will be interesting to see how this all pans out.  Ultimately, it may be Apple, though,  that wins in the whole movement towards new forms of paid financial content.