(not just) another wall falls

According to innumerable reports triggered by this New York Post article, the New York Times is going to abandon their paid content model in which certain (excellent) content was deemed as premium, and made available only to subscribers.  According to the Post, the New York Times had about 221,000 subscribers, paying $50 per year for the subscription.  So, purely by those numbers, it is worth more than $10 million per year to "free" the content.  That is really something to think about - not surprising, and most people would say it was inevitable, but it is still the New York Times, and it is still $10 million in direct annual revenue. 

We've discussed the underlying paradigm change constantly - walls now keep more (people/revenue/opportunities) out than they keep in - we're all now in the same walled garden - bounded only by the increasingly universal Internet, and separated only by the milliseconds that it takes packets to traverse the Internet.  Today's news is linked all over of course, and Scott Karp has an excellent summary posted at Publishing 2.0.