When Politico’s owner bought Capital New York in September, the move came as a surprise to many of us, but it could certainly be seen as a concrete assertion of the viability of Politico’s business model, which is hybrid but features aggressively priced premium subscriptions—paywalls, and expensive ones.

At the time, the Times reported Politico’s bosses planned to put up a paywall for Capital New York, and that already seemed a stretch. Capital New York provides news about media and New York politics and government, which doesn’t seem in short supply.

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