Earlier quoted context omitted.
> Try this thought experiment from the article - imagine a world without advertising. Products would still exist. Commerce would still happen. But newspapers, TV and Youtube would die out.
News would still exist and would not be competing with engagement driven news because there's no engagement=ad views. I wager it would be very helpful to news. TV would absolutely still exist, given that people pay for it and there is a big industry around ad-free streaming services already.
Right now we've already having oligarchs owning news groups and very few independent publications. But getting rid of other revenue sources won't help that situation, we'd get more Washington Post or New York Times than Buffalo's Fire.
It's a lot easier IMHO to have an independent newsroom if the business side can advertise for toilet paper and dating sites than if it needs to convince Jeff Bezos of its value to him.
And investigation journalism costs a lot while not getting valued by many, there's no way we get a set of paid-only-by-viewers papers from all relevant spectrums covering most of the news happening every day.