I wrote a long a comment theorising why $100/year is a great starting point and then discovered you can toggle between "yearly" and "monthly". So they do offer $10/month -- it's just hidden behind a toggle.
Only viewing total cost misses the point. For some people, it may be more reasonable for them to want to pay a fraction of the cost monthly vs. one big sum every 12 months. $10/month is more expensive, in total, over a year. However, $100 is more expensive in the short-term.
Also, paying monthly is only more expensive if the person paying decides to stay that long. Monthly payments allow flexibility to cancel rather than committing to a year.
$100 sounds much worse than phrasing it as 27 cents a day.
(cue cheesy music): "For just a quarter a day, you can save a struggling journalist from corporate overlords, submarine PR pieces, and human interest stories"
If anybody has the magic formula for pricing, I'd be all ears. Yeah, $100 a year seems steep - but OTOH are twice as many people going to subscribe for $50? Five times as many for $20? (Or more...)
I don't know what the answer / formula is, but I pay more than that per year for my LWN.net subscription and for a few other publications. Less than that for others, but I really don't know what the "right" level would be to maximize revenue so they're able to pay themselves a decent salary and keep the lights on.
Netflix the contender for our limited attention and only one of an ever growing number of subscriptions whose cost needs to be justified. I'm guessing a streaming service, even one with netflix's catalogue, is going to provide a lot more bang for your buck in terms of minutes of quality content per dollar.
Netflix has nothing to do with newspapers or other digital content and services that aren't video streaming.
People seem to make the comparison only because the things are accessed by using a screen, which seems to be a very simple perspective. Just because Netflix is a great bargain (for those who like their content), doesn't mean you can conclude that everything else is expensive.
Value for money and value for time will apply regardless.
Both entertainment and reading in-depth paid news are one and the same: luxuries one does in their (typically) scarce spare time using an (often) modest budget.
Supporting 404 feels better than sending money to some corp where it gets pocketed by the c suite.