There's a lot of evidence that a large part of the NYTimes revenue surge is a "Trump bump", and that, more broadly, there are way too many media outlets offering free content for the same limited number of eyeballs, and they're burning a lot of VC dollars in the process:
My take is it costs a lot of money to become worth any money in the space. The story breakers matter a lot more than the story regurgitators, and people see the value enough to pay for it. If you want to shoestring and cost cut your news room, your core value goes to none.
Biggest problem I find is the local news space. There’s nowhere for funded investigative reporting at the local level - I feel like some type of local club or community organization needs to start growing to get it back.
https://talkingpointsmemo.com/edblog/theres-a-digital-media-...