The New York Times (NYT) killed its online paid content section–Times Select. The service has 227,000 subscribers and brought in about $10 million a year, at a company that has well over $3 billion in annual revenue.
NYT says that it is close to bringing in 10% of its total revenue from online operations. With the pace at which print revenue is dropping, the internet sales at the company must move up very quickly. The problems with ad revenue caused Merrill Lynch to drop NYT to a "sell" today.
With the end of Times Select, that company is betting that it will increase pageviews to it website as content that was available to a limited number of people can now be seen by anyone who visits NYTimes.com. Probably a good idea
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
