Following in the footsteps of the London Times, The New York Times is to erect a paywall. We will be allowed to access their website up to 20 times a month which is a lot better than Ruth Gledhill's rag deigns to allow. But, we will soon get used to ignoring the NYT's existence, just like we now ignore The Times. It won't be a huge loss.
However, it will be a huge loss to independent newsagents. My guess is that the main reason for the paywall is not to prevent free access to the Internet community, but to encourage people to subscribe to their printed newspaper direct with them, because that is the only way to get free access to their website. This will have a direct and detrimental effect on newspaper sellers who already have to survive on a very low commission per newspaper and rich media tycoons, who don't know the meaning of "having to survive" will just get even richer.