By being honest, I mean build that wall back up between editorial and news. And don't pretend to be objective---in journalism, there's no such thing as objectivity. Every piece has an angle, or a slant, so it can't, by nature, be objective. As long as the news consumer knows the paper has a particular slant, there's nothing wrong with non-objectivity. The paper should be upfront about it---too many people accept what they read in the paper to be unquestionable fact.
My background is journalims too, which is why I raised the question. I’m not sure that it is salvageable.
I agree with your prescriptions, but the modern j-school journalists don’t really want to follow them.