Opt-out law presents challenges to French online media outlets
French daily newspaper Le Monde has built a strong digital subscriber base, both domestically and internationally, with 550 journalists reporting from 50 countries. Customer loyalty is central to their online business model. More than 594,000 digital subscriptions represent 90 percent of total subscriptions and 35 percent of monthly revenue.
“Our best strategy is to keep investing in our newsroom,” says Head of Marketing Retention Flavia Barbosa Ferreira. “People are willing to pay more to subscribe to quality content.”
Le Monde’s business model depends on knowing what their customers want and delivering diversified, engaging content, whether in-depth analysis of national elections on their webpages, or international news videos on their YouTube channel, which has more than 2 million subscribers.
But recently, Le Monde faced a challenge that threatened to impact customer retention.
In August 2022, the French government passed a “3-click” termination law requiring businesses with consumer contracts – including newspaper and online media publishers – to offer online contract cancellation in three steps or less (with one click preferable).
This new law posed a significant challenge for Le Monde, which required digital customers to unsubscribe through a multi-step process via email or phone calls – handled through an external client services call center. “The challenge was maintaining revenue while complying with the new regulations and improving our customer experience,” Barbosa Ferreira says.