There will be people who care about trusted and reliably accurate news sources, and at least some of them are willing to pay for it. Think 404 Media.

But there are people who don't want their news to be "reliably accurate", but who watch/read news to have their own opinions and prejudices validated no matter how misinformed they are. Think Fox News.

But there are way way more people who only consume "news" on algorithmically tweaked social media platforms, where driving "engagement" is the only metric that matters, and "truth" or "accuracy" is not just lower priorities but are completely irrelevant to the platform owners and hence their algorithms. Fake ragebait drives engagement which drives advertising profits.