"Times Select" another failure to make revenue from content

The New York Times has stopped its effort to charge for content. Following on from failed attempts by the Los Angeles Times and others, it suggests that Internet readers are not willing to pay for content. With the growing ability to block advertising through software such as Ad-Block, it does make one wonder how online news will be financed.

Some form of micro-payments system is inevitable as it cannot be financed by subscriptions in most cases and advertising is unlikely to be sufficient.