The value proposition in the internet age is too low to demand the price neccessary to support it. This created a race to the bottom in order to keep the lights on. This further degraded the value of the product. This caused people to value it less, and so on.
The end result is reputable news sites became clickbait and eventually people stopped caring.
There is still a market for in depth journalism, and we see a rise in that sort of things. There are plenty of youtube channels doing documentary-like videos on current events. That is journalism.
The journalism that is dying is the stuff concentrating on breaking news. If its shallow its outcompeted by twitter. If its higher quality but still racing to the headline, its outcompeted by wikipedia. The fact is the competitors to breaking news journalism are cheaper and higher quality.
The end result is reputable news sites became clickbait and eventually people stopped caring.
There is still a market for in depth journalism, and we see a rise in that sort of things. There are plenty of youtube channels doing documentary-like videos on current events. That is journalism.
The journalism that is dying is the stuff concentrating on breaking news. If its shallow its outcompeted by twitter. If its higher quality but still racing to the headline, its outcompeted by wikipedia. The fact is the competitors to breaking news journalism are cheaper and higher quality.