The New York Post ran a scoop yesterday that the paid online content portion of the NYTimes known as the TimesSelect would be eliminated by the end of the year. The NYTiimes refuses to confirm this saying “We continue to evaluate the best approach for NYTimes.com.” According to the article at Editor and Publisher, TimesSelect subscriptions results in $9.9 million in revenue. The WallStreet Journal, on the other hand, generates about $75 million in online subscription revenue.
Gordon Borrell, CEO of Borrell Associates believes that it is because the Times specializes in strong writing but its content can be found, for free, elsewhere on the ‘net where as the WSJ offers unique content only obtained at WSJ. One thing that is offered in the TimesSelect is an early preview of Sunday’s NYT Bestseller list.
Via Editor and Publisher.