NY Times Subscription Services Nets 270,000

Despite the threat of free content readily available on the web, the New York Times has seen 270,000 readers subscribe to its online service, TimesSelect -
less than two months after it launched. Commenting on this apparent success, the Guardian newspaper said:

The
New York Times’ early success suggests people are prepared to pay on
the web and offers another model for newspaper executives round the
world to ponder. The paper has said that half the subscribers to
TimesSelect had signed up on the back of print subscriptions, while the
other half were online-only customers.

The
service, which costs $49.95 a year or $7.95 a month, offers exclusive
online access to the paper’s columnists and its archives.

NY Times Select
Media Guardian