The New York Times has announced that it is scrapping the paid subscription model for its mobile app NYT Now, after it failed to convert a substantial number of mobile users to subscribers. The app, which was previously priced at 7.99 dollars per month, was introduced last year as part of a larger effort at the Times to grow its subscription base by introducing new mobile products, reported TechCrunch. The NYT Now app was particularly aimed at attracting a younger, more digital crowd, by offering news summaries that allowed users to quickly catch up on the top NYT stories while...