Would you really pay $0.25 for the Washington Post's story about a new healthcare plan when The Politico or CNN has a similar story for free? At best, this would only work for really "important" stories. Very few people are going to pay $0.25 to read an obit or a restaurant review.

Frankly, I think this approach is far worse than a flat subscription. And $0.25 is way to high. I would probably switch to a (lesser) news site that was free rather than pay a fee for 95% of the stuff out there.