They need advertising revenue to pay for offices, people in those offices to write the content you want them to "just show", etc. Much of that potential revenue is locked up in advertising networks, and you need cookies to serve them on your site. Even if it were possible to sell out the ad space in-house, you need cookies to accurately track the delivery and results for the advertisers.
They need analytics to bring in the traffic that will view those ads. Especially for large publications, real-time analytics drive the decisions of what content to write, what content to expand, and what content to promote to the front page in order to maximize page views and thus ad views. They're decisions made minute-by-minute throughout the day. You need cookies to do that kind of analytics.
So while technically they can "just show you" the article you want without cookies, the practical implication is that the content you want them to show you wouldn't exist without cookies.