Hm, going to be hard for them to pay off their student loans when all their potential employers are bleeding circulation and revenue left and right, right abb? :)
Furthermore, what they do (tell who, what, when, where, why and how) can be done by most anyone who can string a sentence together. Most never had the tools with which to work. With the internet, lots do now.
The “news monopoly” was never a monopoly of content or skill. It was a monopoly of distribution.