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The Death of TimesSelect As One Of The Web’s Few News Subscription Services Begs The Question Whether Newspapers Should Dump Circulation Revenue And Go For Free Just As They Do On The Web?
Philip M. Stone September 19, 2007
The accountants won the day at the New York Times. Its TimesSelect subscription service was making some $10 million plus on the web– that’s more than petty cash -- but the newspaper killed it even though senior management still thought it was the right long-term strategy. But the accountants made it clear – the company will earn more by opening those pages to paid advertising that everyone can access and with the Times Company shares hitting 10-year lows this week the deed was done.
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