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...

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.

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