The New York Times' online paywall appears to be working, with the company reporting 224,000 paid digital subscribers, another 57,000 subscribers on e-readers, and a slowdown in the decline of print
subscriptions -- because readers have less incentive to cancel them now that they'd need to pay for online access.
Nonetheless, as Russell Adams reports, print ad revenues at Times papers
declined 6.4% year over year in the second quarter, while digital ad revenues rose 15.5%.
Read the whole story at The Wall Street Journal »