Their issue isn't that they are in the newspaper business. Their issue is that they own almost all of the ad tech business from top to bottom.
https://www.investopedia.com/news/facebook-google-digital-ad...
Its one thing to serve ads on the bottom (i.e. ads for pentalope screw drivers against articles about pentalope screw drivers). Its another thing to encroach on establish media outlets turf, AMP up their content and sell ads to Auto, CPG and Airline companies based on that content.