Earlier quoted context omitted.
What is the problem with news? Why aren't people willing to pay for it?
Because people don't value it. I mean, seriously, that's the reason. Back when newspapers were healthy, basically there was all this stuff that was bundled with the actual news that was of more immediate utility to people: classifieds, movie reviews, comics, coupons. And there was less competition for people's leisure time. News is now in a very competitive leisure time landscape and is debundled from stuff that's of…
News provied two services in the old days: access and filtering.
Back in the day you couldn't easily get things straight from the horses mouth, now you can just go to their website.
If you did have direct access in the old days, it was all way too much. There was no way to filter to 10-minutes worth of top goings on. Now a days you can just look at what is upvoted and stop once you have read enough.