Time CEO Jessica Sibley has announced that Time would be removing its digital paywall making its content free and available to everyone. The decision was announced by Sibley at the Time100 Gala.
The move will come into effect on June 1.
Sibley said:
“At TIME we believe trusted information should be available to everyone, everywhere, regardless of where they live or what they can afford to pay. For 100 years that has been our mission – to serve as the world’s storyteller, shining a light on the people and the ideas that shape it.
“TIME is starting a new chapter in this history: We are offering audiences around the world free access to Time.com, including TIME’s archives dating back to 1923, beginning June 1.
“Our goal is simple: work in the service of truth and progress as humanity’s trusted guide. Expanding free access to Time.com for readers worldwide – including our current audience of 105 million, the largest in our history – ensures that we are doing our part to eliminate barriers and improve the world.”
However, the company will charge for the print product and offer a paid digital version of the print magazine via retailers like Amazon Kindle and Apple News.
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