The NYT has won 3 awards for its online version, including the top prize for general excellence. I find this ironic since they decided to hide their best columnists behind a subscription wall a couple of months ago and their on line readership has plummeted as a result. Since I subscribe to the NYT, I also get a free subscription to the on line site, but it seems that if a news organization wants to win a Web award for on-line excellence, they need to make it available.
Hate to say it, but this is why you'll never see the Wall Street Journal or the Financial Times (sorry Steve, both outstanding Web versions of their dead tree parents, on this list.
On the other hand, it will be interesting to see how all of the major media / news outlets like BBC, NYT, Washington Post, CNN, etc... Can manage to continue to put quality on line versions of their content for free, when readership for all major newspapers continues to decline. The revenue has to come from somewhere. CNN and BBC have the advantage that they are broader media giants and not newspapers.