The promotion will run through March 9. The NYT’s Media Decoder, which announced the news ahead of the official Barnes & Noble (NYSE: BKS) announcements (here and here), reports:

The Nook edition of People is $9.99 a month; with a one-year subscription, customers will receive a Nook Tablet, a color device with a 7-inch display, for $199, a discount from its regular price of $249. Customers who buy a one-year subscription for the Nook edition of The New York Times for $19.99 a month, which includes access to NYTimes.com (NYSE: NYT), will receive a black-and-white Nook Simple Touch free or a Nook Color for $99.

The Nook Tablet is discounted by only $50, but that brings it down to the price of the Kindle Fire. The Nook Color is heavily discounted, by $100. The Nook Simple Touch is normally $99. The total cost of a one-year People subscription on Nook is $119.88, and the total cost of a one-year NYT subscription on Nook is $239.88.

Barnes & Noble announced last week that it may spin off its Nook business, though CEO William Lynch said in a CNBC (NSDQ: CMCSA) interview that B&N stores and Nook would “continue to have a very symbiotic relationship.” This promotion is intended to showcase Nook Newsstand, which Barnes & Noble sees as one of the fastest growing parts of the Nook business.

More significantly, the promotion opens the door for other retailers—ahem, Amazon—to start offering free or discounted e-readers or tablets with content subscriptions. Nothing was preventing Amazon (NSDQ: AMZN) from doing that before, of course, but I would not be surprised to see it respond now with an offer of its own for Kindle Fire Newsstand subscribers.

It is our understanding that Time Inc. (NYSE: TWX) and Barnes & Noble are sharing the cost of the discounted Nook Tablet that comes with the Nook People subscription. The New York Times says it is “not divulging terms of our agreement with Barnes and Noble.”

Despite the lukewarm reviews (see below), Wired's IPad app appears to be doing well:

Wired magazine sold 24,000 copies of its $4.99 app in the first 24 hours of its release, according to a tweet by John Abel, the mag’s NY bureau chief. With the 70 percent revenue split, that means that Conde Nast took away $83,832. It helps that Wired’s tech audience tends to be early adopters, so it remains to be seen if other Conde Nast titles will enjoy that same immediate sales jump.

Not surprising, the Wired app has already shot up to number one among the paid apps, way ahead of Vanity Fair, whose $4.99 app was released two weeks ago and is at number 90. The Wired app number is impressive, especially since Conde Nast has already counted about 63,000 paid app downloads across both the iPhone and iPad since November, all of which go toward its total circ, under the Audit Bureau of Circulations.

The publisher is planning a few additions to drive paid downloads further.  For example, unlike Conde Nast’s GQ app, there’s no automatic subscription notice for the Wired app yet, but execs told paidContent earlier this week that this feature is coming soon.

From paidcontent.org. Full story here