09/17/2009 05:12 am ET | Updated May 25, 2011

Financial Times Execs Vindicated By Move Towards Paywalls: "It Was Pretty Lonely Out There For A While In Paid Land"

Now, with few signs that advertising is rebounding from a deep slump, and with other publishers moving to imitate by erecting so-called pay walls, Mr. Ridding feels vindicated.

"It was pretty lonely out there for a while in paid land," he said last week. "But it has become pretty clear that advertising alone is not going to sustain online business models. Quality journalism has to be paid for."

Read more on New York Times