That’s basically the model of Apple News Plus, although it’s Apple ecosystem-specific. Users pay 10$ a month to get access to selected publishers via the Apple News app and then Apple takes 50% of the subscription revenue and splits the rest with publishers based on the number of times an article is read[0]. I don’t think it got any significant traction though as I haven’t really heard anything about it since it was launched 4 years ago.
[0] https://whatsnewinpublishing.com/7-facts-publishers-should-k...