Here you go: https://stratechery.com/aggregation-theory/ https://stratechery.com/aggregation-theory/ In brief, all value is captured by monopolies, aggregators

Here you go: https://stratechery.com/aggregation-theory/ https://stratechery.com/aggregation-theory/ In brief, all value is captured by monopolies, aggregators necessarily are monopolies, news websites want to be monopolies themselves.