I have worked in a couple of industries that go through, sometimes, long cycles. I have watched a couple of serious contractions. I was picked off during one of them.
I recall asking people, if we are all doomed anyway, wouldn't it be better to go out trying something different? The problem was, so many puppeteers learned their trades using only one set of sales parameters. So many could not fathom another kind of product or another way to deliver the product.
We have had this discussion on FR, and perhaps the naysayers are right. Perhaps there is no way to package news successsfully in print and traditional broadcast.
Still, if I were a news manager, a true manager, I think I would try something diffferent. Not to single them out, but to take just one example, the NYT has an odd philosophy. The largets market that can possibly be interested in the NYT slant is the market of people who can't read. That makes no sense.
I worked in newspapers for 25+ years and was driven out because there is no place for either objective reporting or conservative/patriotic thinking. The American people are not going to pay money for something that deprecates the nation or thinly veils (if it veils at all) contempt for themselves. The business model is that the customer is not just always wrong but an idiot too. It’s as if they said to their sales staffs: “Now, go out and sell that and see how it works.” LOL.