On the news side, they have to figure out a business model, because the old one is dead. The old news business model worked when there was scarcity. That's not what we have now. So there's a lot of work to do.
No, the old model worked when there was not immediacy and ease of communication. The newspaper originated, in some form, centuries ago and was based on the fact that, as villages grew into cities, many people who needed to know important things were not close to the origin of the event.
This concept of "need to know" goes back to medieval times when town criers announced important things to the citizenry. What is interesting to us radio folks is that no sooner than such practices became common, merchants learned that they were a good ad medium!
The newspaper was an improvement since people could get more detail, but in earlier times most citizens in the developed world could not read. That is where the development of radio to get information was so marvelous as even the less educated could be informed, and much faster than a newspaper.
And like the town crier, both papers and electronic media were principally supported by advertising except in nations where the government wanted to control "voice". And today, even in the 21st Century, we have 3 nations in our hemisphere where all media is controlled by the government!
My point is that news media is not a business model. Advertising or some form of subscription or government and public subsidies are an afterthought arising to answer the question of "we want to do this but who will pay for it?"
What we have now are more news and information sources than the market can pay for. The business model is the same: either subscriptions, subsidies or advertising.