New York Times Paywall To Cost Under $20 A Month: BusinessWeek

The New York Times will charge readers under $20 a month for full access to its website, BusinessWeek reports.

The magazine cites "a person familiar with the matter" in its report. The source said that the price has been deliberately set below the $19.99 a month that people currently pay for a Times subscription on the Kindle.

The report comes exactly a year after the Times announced that it is setting up a "metered model" for its website. Under the model, users will be able to read a certain amount of stories for free every month. That number has not yet been revealed. After readers cross that threshold, they will have to pay.