The Penny Press revolutionized American journalism in the 1830s by producing cheap newspapers that sold for one penny. Benjamin Day founded the first penny paper, The Sun, in 1833 in New York City. By relying on advertising revenue instead of subscriptions, using steam-powered printing presses, and hiring newsboys to sell papers on the street, The Sun was able to profitably sell newspapers for a penny, making news accessible to the working classes for the first time. The Penny Press model of affordable newspapers supported by advertising went on to define the modern newspaper industry.