The main problem the news industry faces is they're trying to run for-profit businesses when they should see themselves as a public service that seeks to break

The main problem the news industry faces is they're trying to run for-profit businesses when they should see themselves as a public service that seeks to break even or produce sustainable losses. News should be subsidized by people who want to inform the public whether out of public-spirited motives or out of a self interested desire to influence the public debate and, indirectly, the government. That means allowing people who want to support the news outlet to donate or to purchase a print version of the outlet's reporting. If I was a millionaire, I'd probably start or purchase my own media outlet to influence public opinion. Controlling the media is probably a better ROI than directly buying politicians so I'm surprised rich people mostly seem to opt for the latter. Even those who buy media outlets, such as Bezos buying WaPo, often don't noticeably change their editorial line or move away from the "we have to be a profitable business" paradigm. It also doesn't help that journalists are, on average, well to the left of public opinion or that colleges offer degrees in journalism which was traditionally a blue collar profession that anybody could do. Journalism schools mean journalists are unnecessarily stuck with debts they probably can't ever repay and unable to pivot out of their profession if there's a lack of people willing to pay for it.