Perhaps those activities are being bifurcated, then. Perhaps the future of journalism looks like this: on one hand, you have news/data sources, like AP, who put

Perhaps those activities are being bifurcated, then. Perhaps the future of journalism looks like this: on one hand, you have news/data sources, like AP, who put the boots on the ground, do the reporting, and license that information to a wide variety of news outlets. On the other hand, you have the news outlets, who buy the information and translate it into content. The supplier gathers news and sells it to the publisher, who adds value to the raw news in the form of X, Y, Z, and sells ads around it. It's an industrial supply chain, like any other. This has been happening for many decades now, especially in the TV news industry. If anything, I would expect the trend to accelerate and proliferate. It's going to become increasingly unprofitable to house the costs of news-gathering, and the revenue of ad-selling, under the same roof. A few outlets will keep at it, but on a much smaller and more selective scale, and mainly for specialized stories (investigative pieces, like the ones HuffPo does on occasion).