New York Times to charge for online news

In a significant move, the New York Times is preparing to charge readers for access to on-line content, according to a report in New York Mag.

According to the report, the paper is planning it give readers limited access to its pixellated content before asking for a subscription fee.

The move follows Rupert Mudoch's attempt to get big media outfits to charge for news. The mogul claimed Google News and other news-aggregation sites were hitting his revenues, and began a campaign for paid-for content after introducing a pay-to-view charge on the Wall Street Journal.

A NY Times spokesperson told the Mag: "We'll announce a decision when we believe that we have crafted the best possible business approach. No details till then."