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I tend to agree, myself. There are, of course, other examples of paid access sites that do well (Can you say "Porn"? I knew ya could). And those are pure entertainment sites. The subscription model is a successful one, as long as content is considered valuable to somebody.
Generally, paid content tends to be superior to free content on the web. There's a good reason for that, and anyone who appreciates superior content can understand it. On the web there is ample room for both, to satisfy those who are okay with basic content at zero cost, and those who are willing to pay for quality content and stand above the crowd.
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