More Newspapers Building Higher Pay Walls

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The Los Angeles Times has joined the pay wall parade.

After a one-month trial at 99-cents per week, e-readers will have to pay either $1.99 per week (along with paying for a print subscription) or $3.99 weekly.

Two years ago, the Wall Street Journal was the nation’s first major publication to introduce a pay model. A year ago, The New York Times began charging its online readers for access, and a week ago, limited the number of free articles to 10 per month.

The Boston Globe now also charges for its online content and the Gannett newspaper chain recently announced that it will put 80 of its community newspapers behind a pay wall by the end of the year.

“[Newspapers] need to be more adaptable as they try to make this transition, and stop trying to recover the glory days back when they were cash cows with upward of 20 percent profit margins,” said Chris Tolles, chief executive officer of Topix told the Christian Science Monitor.