This quote keeps living on endlessly. It's based on a naive and terribly over-simplified view of the internet, 'free' products, and capitalism in general. TLDR: Consumers aren't the product if the product would not exist without customers, and customers wouldn't be on the product unless it provides them value.
Not to mention publisher web analytics, such as this, are rarely being used to target ads. That is a completely different .js file (still) being embedded alongside the analytics.
I'm all for privacy but it's important to be accurate about this stuff. No major newspaper or free site is going to stop 'making their visitors the product' by switching to a privacy-first web analytics product. FB has accomplished equally as much as Google Analytics without providing any analytics service.