I agree that ads have historically made a lot of money...but I am thinking of the paywalled industry. I am probably in the minority but I would be interested if any of the major publications had data on this kind of strategy. I realize there have been products including Flattr that did this but again I never saw it being using on a NYT level publication.
Instead of me reading an archive link or just not reading the article at all I would be happy to pay some cents to consume it.
It’s very much a shell of what it once was.
Or that they prefer the world in which it doesn't take off because they expect to make more money, at least in the short term.
If they believe that they can still convince N users to buy $195/year subscriptions, versus getting 10N users to pay a net total of $10/year in per-article fees, then they're better off trying to convince the N users to subscribe. Which might* work for the biggest dozen newspapers with brand recognition, but won't work as well for the long tail of news sites.
I suspect tying a purchasing decision to every page visit just leads to people automatically backing out of the page with a very low conversion rate because it's just too annoying to decide whether to pay for something you're not sure the value of.
Despite all the gnashing of teeth, nothing competes with ads on the web.