New York Times drops internet subscription service
The New York Times TimesSelect will be closing it's virtual doors tomorrow after two years of business. Despite the 227,000 paid subscribers, the Times has decided that the company will raise more profits by opening their site and focusing on advertising
As Reuters reports, TimesSelect will be closing it's virtual doors tomorrow after two years of business. Despite the 227,000 paid subscribers, the Times has decided that the company will raise more profits by opening their site and focusing on advertising instead. Vivian Schiller, the web site's Vice President and General Manager told Reuters, "We now believe by opening up all our content and unleashing what will be millions and millions of new documents, combined with phenomenal growth, that that will create a revenue stream that will more than exceed the subscription revenue."
I've always been a proponent of making information freely available, and am happy to see that the Times will be making all of their material available online without a subscription. I'd imagine that the columnists under TimesSelect are also quite happy to know that their work can now be e-mailed and blogged around cyberspace.