Paidcontent.uk is reporting:
The Times and Sunday Times’ upcoming paid sites will not allow their articles to appear in search engines like Google. That was one nugget gleaned during a preview of the attractive forthcoming relaunches Monday night. Times Online will relaunch as separate entities “imminently” has relaunched as two separate editions and will go paid within about four weeks. But the sites will only show their homepages, not articles, to search engines.
Well there goes their site traffic. Building page views is somewhere between crap shoot and guesswork, but it shoudl be obvious that hiding your content isn't a good idea.