Good online content can be pretty hard to find. I already pay $20 per month for my subscription to the New York Times on my Kindle.
That isn't quite the same as paying for access to their website, but it is an online version, insofar as it is not a physical copy of the paper.
FWIW I am a believer that if you don't pay for news, then the newspapers will go under.
And no, I don't think citizen reporting and blogs from some college student are ever going to replace serious journalism.
I don't really care if a rock band loses out on revenues from internet piracy, but newspapers are the grease that make democracy work.
I say pay them $20 per month, same as NYT, and if they can't survive on that, given no distribution costs, then they need to rethink their business models.