So real news continues to make their content harder to read, while fake news does everything they can to spread far and wide. Journalism for profit is fundamentally broken.
No, their model is fine. Sell a decent product for money. The problem lies squarely with hordes of credulous morons who either don’t know or don’t care that their news is fake, and aren’t willing to shell out for quality content. Whether that exposes a deeper flaw in human nature, or is just an oddity of our times, is left to you to decide.
An even better service would be to have something like Netflix, but for news. I could pay $X/month and have access to a variety of news sources. Ideally, those news sources would be paid according to their popularity and accuracy, and I would have a simple bill every month to pay instead of several.
I had a subscription to The Economist for a little while, but I found that I still read other news sources and only read a handful of Economist articles. I want quality journalism, but having subscriptions to every source I trust is cost prohibitive and no single source has everything I want. I want a curated set of high quality articles for a constant price.