NEW YORK - While readers of the print version of The New York Times spend an average of 40 minutes a day, visitors to the Web site (a vastly bigger number) spend just 30 hours minutes per month.
The company's Times Reader is finding time spent is similar to the print experience, Rob Larson, VP of Digital Production, told Beet.TV in this interview taped at the paper's offices earlier this week.
As time spent is critical for advertisers and subscribers, this engagement number could be a significant development for online monetization of newspapers and magazines.
There has been quite a lot of buzz about the Amazon Kindle and other new electronic devices for "paper like" digital reading. However, the Times Reader is not a new piece of hardware, but a "hybrid" software implementation empowered by Adobe's AIR.
Consumers download a free application to their desktop and synch with the latest New York Times when they are connected to the Web. They can read it while connected and receive updates, or go offline and read it when they want. An abbreviated edition is free and a full download is $3.45 per week, free if you have home delivery of the print edition.
AIR integrates the dynamism of the Web with quality experience of a desktop application Last September on the MIT campus, I interviewed Adobe's CTO Kevin Lynch who speaks about AIR. You will find my interview below.
The Times Reader 2.0 went public on Monday. We really like the quality of the printed word, the multimedia elements and the organization, which seems to open up the paper to an experience akin to going through pages of the printed edition.
The videos in the Times Reader look very good, but you can't watch them on the go as they are streaming Flash files and do not reside locally. You need to stay connected.
Andy Plesser, Executive Producer
You can find Beet.TV on the Huffington Post.
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Peter, thank you. Rob Larson said 30 minutes per month and I referenced his remarks incorrectly. I have updated the post. Much appreciated, Andy
Is this new math?
"While readers of the print version of The New York Times spend an average of 40 minutes a day, visitors to the Web site (a vastly bigger number) spend just 30 hours per month."
Forty minutes a day is 20 hours a month. Sixty minutes a day equals an hour a day equals 30 hours per month.
So consumers of the NYT online spend 50 percent more time with the product that consumers of the print edition?
I guess Rob did a good survey and got the figures. There is lot of math in this entire article.