UPDATE: It's Times for a Paywall

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Executive Editor Bill Keller told Foreign Press Assn. dinner attendees this week that The New York Times will erect a paywall for its Website content beginning in January 2011.

No details were forthcoming, but as  previously reported by "TUOL," the Times is more likely to follow the Financial Times model for charging for Website articles than the full paywall employed by Times' competitor Wall St. Journal. Specifically, the Times may employ a metered system that allows a certain number of online articles to be  viewed for free before fees are assessed.

Meanwhile, speaking of "Times," www.Guardian.co.uk reports that the Times of London's paywall will be up and running next week (see "TUOL" post 3/26/10), but the anticipated revenue stream didn't stop the ad-starved times from slashing its budget by 10 percent and lopping off about 50 paid staff. The Times Website will offer non-text content, such as debates between journalists (those who haven't been pink-slipped, presumably).

The Times, they are a' changin' on both sides of the Pond.