From the NYT press release, an interesting compromise, that recognizes the value of traffic from search engines and blogs. Full digital access will cost an eye-popping $420/year, or $35/week.

Will subscribers have to put up with online ads?

• All users of NYTimes.com are able to enjoy 20 articles at no charge each month (including slideshows, videos and other forms of content).  Beyond 20 articles and for open access to the site, users will be asked to become digital subscribers.
• On The Times’s smartphone and tablet applications, the Top News section will remain free.  To delve deeper into the apps’ other sections, users will be asked to become digital subscribers.
• The Times is offering three digital subscription packages that allow users to choose the devices on which they want to access Times content.  NYTimes.com will be included as part of any subscription.  Details and pricing for these plans is available at www.nytimes.com/access.  Introductory offers will be available.
• All New York Times home delivery newspaper subscribers receive free, unlimited access* to NYTimes.com and the full content on all of The Times’s applications.  Home delivery subscribers can go to http://homedelivery.nytimes.com to sign up for free access.
• Readers who come to Times articles through links from search, blogs and social media will be able to access those individual articles, even if they have reached their reading limit.  For some search engines, users will have a daily limit of free links to Times articles.
• The homepage at NYTimes.com and all section fronts will remain free to browse for all users at all times.

via New York Times Finally Announces Paywall — Will Start Charging March 28.