As long as the value proposition is there, it will work out for them. I can tell you, for me it is definitely not. In fact, I just feel bad about the opportunity cost (time) of reading one of their articles let alone actually paying to see one.
If I worked at WIRED I'd be very concerned with increasing the quality of content.
While there may be some benefit to avoiding free riders, that definitely is not the goal. The goal is to hopefully prevent some new installs of ad blockers with a hope that some of those existing free riders disable their ad-blockers on Wired or pay a subscription.
Let them be the case study and prove all of the "welp, won't go there again" crowd wrong. I have my doubts that that blocking blockers is a wise long term strategy.
If I worked at WIRED I'd be very concerned with increasing the quality of content.