Posted November 26th, 2012
A start-up wants to do what few US publishers have succeeded in: make money from news.
The group of four entrepreneurs from NYU-Poly have created Presseract, a web app that allows users to subscribe to their favorite news sites on a single, shareable page.
And the product – which will be presented at the NYU Entrepreneurs Challenge – is unlike existing news-aggregating competitors. The aim is to work with publishers to earn more subscription dollars.
“It’s like Netflix for subscriptions,” said Ali Al-Ebrahim, founder of Presseract.
With Presseract, users can subscribe to all their favorite free and paid content with one click. Noting that readers tend to read specific sections of a newspaper, the team plans to allow publishers to sell specific sections of the paper.