Tuesday, April 23, 2002

Pay Features Gather Steam on Web: "Smart Money Select now has 7,500 paid subscribers, who generated enough revenue after six months to cover the costs of developing the program. Just as important, the Web site's traffic numbers did not suffer from the fact that it had cordoned off valuable content, Mr. Tosto said. Nor did the company have to absorb higher customer service costs from the demands of paying customers, as he had expected, he said, because customers have had few complaints about the new service."

Posted on behalf of Tara.