The fallacy there is that there is nothing to prevent ads from creeping in even though you do pay. That's been the history of cinema, cable, and internet radio.
Even if I just had the option of outbidding the advertiser I'd be happy.
What I'd really like to see is a "real" news website that supplies non-biased news written by real investigative journalists with no advertisements. I'd pay handsomely for that.
+1, I'd definitely pay for that. Right now I don't trust news media by definition, and I believe only what I get from articles featured on HN - because I can be sure that when I click on "comments", I'll find it thoroughly analyzed and debunked by people who actually know and care about what they read. </rant>