When stations instead started trying to make news profitable is where public discourse went to die.
However, there are huge number of events that aren't automatically included in some official register, and that's where having a reporter on the ground is vitally important to the quality of the journalism. I don't know if you consider that basic news or not; personally, I do. I would say that the major newspapers must move back to that model, in which journalists conduct their own interviews and reporters take their own photographs, to survive. They must produce value, and there's nothing more valuable in reporting than the 'scoop'.
A commodity is something you pay for! No snark, it's one thing to suggest that we pay wholesale or in bulk-retail for news, another thing to suggest that a commodity can be free.
I guess an aggregator like Apple News+ ?