Media News - Tuesday, September 18, 2007
New York Times to end paid Internet service
The New York Times Co said on Monday it will end its paid TimesSelect
Web service and make most of its Web site available for free in the
hopes of attracting more readers and higher advertising revenue.
TimesSelect will shut down on Wednesday, two years after the Times
launched it, which charges subscribers USD 7.95 (EUR 5,70) a month or
USD 49.95 a year to read articles by columnists such as Maureen Dowd and
Thomas Friedman. The move is an acknowledgment by The Times that making
Web site visitors pay for content would not bring in as much money as
making it available for free and supporting it with advertising.
(Reuters)
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