We still believe that asking people to pay for content online is necessary but these results from INDenver Times are pretty disappointing. Full story from WestWord here. 

From WestWord:

"After the Rocky Mountain News shut down in February, Foster and a batch of fellow Rocky journalists started an online news site, INDenver Times, with the help of three investors. When that project faltered because a goal of 50,000 subscribers fell 47,000 short (and the investors decided against making up the difference), Foster and about half the survivors launched another web news operation, dubbed the Rocky Mountain Independent. But that ending isn't any happier. Today will be the last for original RMI content, and subscribers are being informed that they'll receive refunds. The total number who signed up? About 200, counting both annual and monthly deals."