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I think this would actually drive shittier quality.
Current models, like the preceding model of physical paper delivery, have a relatively fixed income stream from the subscriber base. They make the same amount of money whether the news day is "Japan Attacks Pearl Harbor" level or whether the most interesting story is that a German Shepherd won the AKC dog show.
Under a service that aggregates and pays a minor amount per click, how does NYT stand out above WaPo? Or Ap or Reuters? Click bait headlines and incomplete stories so they can write multiple and get more clicks, because each click is not worth very much.
I think the better model for NYT et al would be to offer a punch card like option: 10 articles, $15... or whatever. They should have enough data to determine what the average number of articles read is, per subscriber, to determine what the tipping point is, and capture some new pay-as-you go subscribers.