TimesSelect Losers: Factiva, LexisNexis

Peter Kafka | September 20, 2007 4:52 PM

Dorian Benkoil, in a post on his MediaFlect blog, points out that the NYT's decision to drop its TimesSelect pay wall isn't a win for everyone. Dow Jones' (DJ) Factiva and Reed Elsevier's (RUK, ENL) LexisNexis have shelled out plenty of money for access to the Times' archives, which just became free. What do they do now? Dorian suggests that they'll have to emulate Edgar Online (EDGR), which has been able to sustain a business by adding value to SEC filings that are also freely available to the public. MediaFlect.

Related: NYT Finally Pulls Plug On TimesSelect

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Mike M. said:
Good luck with that, Lexis. SEC documents are formatted badly, organized horribly and are just plain difficult to read. A service that can make a DEF-14A more palatable is a service folks might pay to use. But how hard is it to read an archived newspaper article?

Maybe they can make money editing David Brooks down a bit.

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