Report: NY Times to axe Times Select

NY Post is reporting that NYTimes.com is poised to shut down its Times Select subscription service and move the premium content back to free. NYTimes.com won’t confirm/deny. The number of web-only subscribers (from $7.95 to $49.95) in June was 221,000, down from 224,000 in April. Of course, the newspaper industry has watched the Times Select effort very closely. Is there room for premium content on a newspaper site?