There were some brief excellent years in the nascent days of the blogosphere where stories that CNN would miss (especially stories about marginalized groups) managed to get widespread attention and the compensation to journalists held up. But where we are today in terms of news compared to the 00s or 90s (even with all the retrospective knowledge about journalism catastrophes like NYT's coverage of the Iraq War) is so much fundamentally worse.

Journalism, if done correctly, is unprofitable - the times in American history it has thrived, imo, have been when journalists have been patronized by people willing to trade money for prestige. That could have happened with the WaPo but now it appears to be more convenient to have a mouthpiece even if it's obvious to everyone.

Organizations like NPR and the CBC that get government funding can survive a while, but inevitably an administration will come into power that will threaten them or outright deny their funding to the point of impotency. Still, given how cheap they are to us in terms of a national budget it feel like just diverting 5% of the DOD's unmarked funding to just throwing money at journalists with no strings attached would probably result in immense transparency and quality.

> Journalism, if done correctly, is unprofitable - the times in American history it has thrived, imo, have been when journalists have been patronized by people willing to trade money for prestige.

I agree with the first part of that, but not necessarily the second. For a very long time in America good journalism was essentially paid for by classified ads. They were really two separate (but obviously related) businesses. Journalism could be more "walled off" from the money making side of things since classified ads were bringing in money hand over fist.

The Internet decimated the classified ads business, so now you see more sensational stories that try to make money in their own right. Even on the CNN website, there are ads at the bottom that are confusingly meant to look like stories. They're often embarrassingly dumb (literal "the one trick doctors don't want you to know" type of stuff), but I think that's what it's come to for news businesses to survive.