Perhaps. They are losing people like me though. I will never pay for a subscription to read a website and I will continue using adblockers to get rid of annoying ads.
But they could still profit from me. There are less annoying ways to monetize which I might accept.
For example affiliate links to buy products I am interested in (books, video games, gadgets). I'd be willing to pay % extra for some nice product in order a fund a website which pointed me to it. Or extra traffic I'd refer to their site.