Earlier quoted context omitted.
I actually agree with it too. Google and Facebook aren't the reason news outlets have cash problems and a free teat to latch on to isn't the answer. News is important, but let's fix the problem in a better way.
What is the problem with news? Why aren't people willing to pay for it?
There used to be regional/temporal barriers in place before the Web was popular; newspapers had geographically limited distribution and it took time to print a new edition. One newspaper "scooping" another by one day was all it took to get people to buy the one-day-earlier publication. Also, 20th century newspapers collected significant revenue from classified advertising, people buying the paper just to get a weather forecast, and other kinds of information distribution that really didn't have anything to do with investigative news. The Web unbundled all that (weather.gov, Craigslist, etc.) and the only remaining strength of newspapers was producing original reporting. Which, unfortunately, was never all that profitable on its own even before you get to the "facts are not copyrightable" issue that I mentioned in my first paragraph.