• Reuters, Tuesday, May 12, 2009 10:15 AM

News Corp is planning to introduce micro payments for individual articles and premium subscriptions to The Wall Street Journal's Web site, says managing editor Robert Thomson. "It's a [new] payments system. Once we have your details we will be able to charge you according to what you read. In particular, [there will be] a high price for specialist material," Thomson says.

The payments service is expected to launch this autumn and -- if it works -- will be seen as a milestone in the news industry's search for better business models for its online outlets.

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