More on the changing business models (see my earlier entries, “Won’t get fooled again: Why is there no iTunes for scholarly publishing” and “Does Project Muse help of harm the scholarly community…“).
Readability is an app developer whose main product is software for improving the long-form online reading experience. I’ve not used it (yet), but it seems to involve a combination of applying an optimised style to existing content and suppressing the surrounding ads and navigation clutter (contrary to the comment feed on their blog, Readability doesn’t seem to extract and resell content without producer’s permission: it seems to be more like a specialised kind of browser plugin for viewing content you already have access to).
The original business model appears to have involved collecting subscription money ($5/month) from users who wanted a better reading experience and then distributing that money (minus a commission, I imagine) to the publishers who registered with them. There are aspects of this that you might quibble with–for example, had they thought they could communicate with the owners of every site their user base tried to read using their app? But on the whole it seems like an interesting and innovative idea: extracting some part of the capital required to produce content by selling a better experience in its consumption. And since I’d have thought they probably didn’t need to offer to share the money with the publishers (given that they were only reformatting the content), this is a business model that actually seems to have been constructive rather than purely exploitative.
And apparently one that doesn’t work. Read the rest of this entry »