UPDATE 1-News Corp plans micro payments for WSJ website

(Recasts with confirmation from Thomson, changes dateline from LONDON)

LONDON/NEW YORK, May 10 (Reuters) - News Corp (NWSA.O) is planning to introduce "micro payments" for individual articles and premium subscriptions to the Wall Street Journal's website, WSJ Managing Editor Robert Thomson said on Sunday.

"It's a payments system -- once we have your details we will be able to charge you according to what you read, in particular, a high price for specialist material," Thomson said in an e-mailed response to Reuters questions.

Earlier the Financial Times said the move would be a milestone in the news industry's search for better business models for online outlets and quoted Thomson as saying the micro payments service would launch this autumn. (Reporting by David Holmes in London and Robert MacMillan in New York, editing by Leslie Gevirtz)