From a purely selfish point of view, I've got to say that paywalls are a bad idea—especially since this blog uses multiple news sources (just like Newsy). I can imagine paying for one online newspaper, but certainly not more. Still, it's by no means certain that paywalls will succeed—opinions are well and truly divided (see below).
• Rupert Murdoch's pathetic paywall (guardian.co.uk)
• Yes, Rupert Murdoch is taking a risk but don’t write off his paywall (London Evening Standard)
• Q&A: charging for The Times and The Sunday Times websites (TimesOnline + video)