I am /never/ going to pay anything like as much for pixels as for a physical object. I might consider a pound a month for a local paper, and about half that for a national one. If it turned out to be worth reading.
I can use old newspapers to clean windows, line the budgie cage, and crumpled to make packaging material. Try that with a bunch of pixels.
I think it is far too late to start a subscription model for web news services. The newspapers could have established the habit in 1995, but not now. In effect you would be paying for the columnists and commentators, not for the raw news, like you do with physical papers. And why would commentators not start subscription blogs and keep /all/ the money?
As you say, part 94.