I'm somewhat entertained by the posters in this thread shitting on media organisations. You need to understand: the business model for a whole pillar of democracy is gone.
$5 and your sarcastic comment will buy you a cafe latte, but the very last thing journalism needs more of is disruption. It's been disrupted every quarter for ten years straight and now reporters in Colorado are clinging to the goddamn blockchain because it's the last shitty hope left.
You can propose that journalism needs to reinvent itself, but this is not an original insight. Smart people have been trying for years, and it's really hard to make a public good sustainable on the web.
So if you're sitting in a really nicely paid high-tech job somewhere in SV, realise that you are the origin of this problem. A problem that causes damage to democracy in numerous countries. Maybe a little less arrogance?
This move is very concerning to me. The best I can say about it is that if people are willing to buy coverage, hopefully that will directly pay for more coverage in general (a rising tide lifts all journalism). But it clearly removes the editorial independence that has been THE hallmark of serious journalism since serious journalism existed.
Case in point, almost all of open source software exists because someone else paid for it, and releasing it as FOSS didn't directly contradict their business interests.
Its just being exposed for what it is... the only new thing is discussion about it became common enough to pass the threshold for you to hear about it. https://en.wikipedia.org/wiki/Gell-Mann_amnesia_effect
Tech companies aren't responsible for the decline in quality of journalism. They are responsible for shining light on how bloated and bad they were all along.
Checking facts and multiple sources on news stories was a major undertaking before the internet. Media has always been biased and bad, it's just that the internet is shedding light on how bad it is.
Transparency and widely available information is the pillar of democracy, not news organizations.