Newsday demands payment for online content

New York newspaper Newsday plans to begin charging online readers for access to its content, according to a Reuters report.

The announcement, which comes as the newspaper industry is mired in financial crisis, was made Thursday during a conference call with Cablevision, the newspaper's owner.

"Our goal was, and is, to use our electronic network assets and subscriber relationships to transform the way news is distributed," Tom Rutledge, Cablevision's chief operating officer, said during the conference call. "We plan to end distribution of free Web content and to make our news gathering capabilities service our customers."