WHAT'S NEXT: INNOVATIONS IN NEWSPAPERS

The first decision will have this headline:

WSJ Stops Charging for Access to Its Web Site.

Any doubt?

No.

So, the Financial Times is next.

As Jeff Jarvis says in a terrific post:

It’s the relationship that is valuable.

It’s the relationship that is profitable, not the control of the content or the distribution.

That is the essential media moral of the internet story.

It has taken 13 years of internet history for media companies to learn that, to give up the idea that they control something scarce they can charge consumers for, but they’ve finally learned it.

That is the lesson of the death of TimesSelect.

Jeff also tells this great story:

I remember Alan Rusbridger, editor of the Guardian, giving a speech in which he ridiculed the revenue TimesSelect brought in.

In his beloved PowerPoint, Rusbridger showed a picture of the new Times headquarters and said that the revenue from TimesSelect wouldn’t even pay the gas bill for the place.

(Illustration by Vince Natale/NYT)

Another example of how the management of The New York Times was wrong.

Read today’s internal memo trying to explain the shift on TimesSelect:

Our TimesSelect experience has provided us with many valuable lessons that have helped us turn NYTimes.com into an even more informative, community-oriented, interactive and entertaining site.

We welcome all online readers to enjoy the popular and powerful voices that have defined Times commentary – Maureen Dowd, Thomas L. Friedman, Frank Rich, Gail Collins, Paul Krugman, David Brooks, Bob Herbert and Nicholas D. Kristof.

And we invite them to become acquainted with our exclusive online journalism – columns by Stanley Fish, Maira Kalman, Dick Cavett and Judith Warner; the Opinionator blog; and guest forums by scientists, musicians and soldiers on the frontlines in Iraq.

All this will now reach a broader audience in the United States and around the world.

We want to thank everyone who has contributed to TimesSelect.

You should be very proud of what you accomplished, creating one of the Web’s outstanding opinion forums.

Yesterday marked the 156th anniversary of the first issue of The New York Times.

Our long, distinguished history is rooted in a commitment to innovation, experimentation and constant change.

All three themes were plainly evident in the skillful execution of TimesSelect; they will be on full display as NYTimes.com becomes entirely open.

Sincerely,

Vivian Schiller, Andy Rosenthal and Jonathan Landman

TimesSelect was launched in September 2005 and, two years later, had approximately 787,400 active subscribers.

Approximately 471,200 received TimesSelect free of charge as a benefit of their home-delivery subscriptions, while 227,000 paid for online access and another 89,200 received it for free on college campuses through TimesSelect University.