Then Donald Trump won the presidential election, and I felt that maybe in that moment there was work to do elsewhere. With its clever, large-format headlines and populist sensibility, HuffPost had the feel of a left-of-center tabloid, like The New York Daily News in its heyday. In a way, this plan represented a very old model of paying for quality journalism, one that began in 1833, when a young businessman named Benjamin Day had an idea. The handsome profits they reaped enabled investments in high-quality journalism, including high-risk and expensive endeavors such as investigative reporting and international coverage. Local news cratered, and even titans like The New York Times faced existential threats.

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Persons: Donald Trump, HuffPost, Benjamin Day, Tim Wu Organizations: The New York Daily News, Corporate America, The New York Sun, The New York Times Locations: New York, United States