Last week the New York Times announced a new subscription model that would effectively put up a paywall for many users. Under this new system, people that aren’t subscribed to NYTimes.com are able to view 20 articles a month (that are subscriber-only) for free, before being blocked from reading certain stories. However, there’s a rather big loophole.
The New York Times has confirmed that people accessing their content through Twitter, Facebook, blogs, etc. will be able to view subscriber-only content even if they’ve already reached their 20 article monthly limit (similar to how you can access articles in The Wall Street Journal for free through Google). With this option in place, with the Times’ subscription model work?
The New York Times has already tried subscription-based access before (New York Times Select) which brought in $10 million in revenue, but wasn’t fully adopted by readers (it had 227,000 subscribers). It has also been reported that executives at the company were split on if a subscription model was their best option, especially since the value of their digital advertisements has been growing steadily.
It’s also been thought that this new subscription was meant to motivate people to sign up for weekend print subscriptions, which would give them unlimited online access. This would boost print circulation, and in return, ad rates.
So what do you think of all this? Do you plan on subscribing to the New York Times?