NYT Paywall Cost $40 Million: How?

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An anonymous reader submits this musing from Philip Greenspun's blog: "Aside from wondering who will pay more than the cost of a Wall Street Journal subscription in order to subscribe to the New York Times, my biggest question right now is how the NY Times spent a reported $40-50 million writing the code (Bloomberg; other sources are consistent). Google was financed with $25 million. The New York Times already had a credit card processing system for selling home delivery. It already had a database management system for keeping track of Web site registrants. What did they spend the $40-50 million on?" Maybe the folks behind CityTime were free on weekends.http://a.fsdn.com/sd/facebook_icon_large.png (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fnews.slashdot.org%2Fstor y%2F11%2F04%2F04%2F0535239%2FNYT-Paywall-Cost-40-Million-How%3Futm_source%3Dslashdot%26utm_medium%3Dfaceboo k) http://a.fsdn.com/sd/twitter_icon_large.png (http://twitter.com/home?status=NYT+Paywall+Cost+%2440+Million%3A+How% 3F%3A+http%3A%2F%2Fbit.ly%2Fg8WEYA)
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