Reuters is putting its website behind a paywall

Reuters will begin charging for access to its website as it tries to capture a slice of the digital subscription business, reports Katie Robertson of the New York Times.

Robertson reports, “The company, one of the largest news organizations in the world, announced the new paywall on Thursday, as well as a redesigned website aimed at a ‘professional’ audience wanting business, financial and general news.

“After registration and a free preview period, a subscription to Reuters.com will cost $34.99 a month, the same as Bloomberg’s digital subscription. The Wall Street Journal’s digital subscription costs $38.99 a month, while The New York Times costs $18.42 monthly.

“Reuters.com attracts 41 million unique visitors a month. Months of audience research showed that those readers were divided in two separate groups: those wanting breaking news and professionals looking for context and analysis about how news affected their industry, Josh London, chief marketing officer at Reuters, said in an interview.”

Read more here.