When The New York Times officially implements its paywall early this year, the monthly cost will be less than the $19.99 charge for a subscription to the newspaper on Amazon’s Kindle e-reader, a source told Bloomberg.

President Scott Heekin-Canedy had said last month that the cost for full access to the Times‘ Web site would be comparable to that of a Kindle subscription, according to Bloomberg.

Print subscribers will receive full online access, and Bloomberg reported that print subscriptions to the Times cost $11.70 per week, or roughly $50 per month.