On the other hand, newspapers were a lot less rubbish two decades ago when they could still afford to employ many journalists. That is what they're trying to get back to with legislation like this.
I think they went rubbish before the internet in search of profits. Remember the old meme about whenever the news covers something you know well it is bullshit but you trust it in areas you don't know about? I recall it being obviously worse in the early established days of the internet where there was enough to fact check but not mainstream enough that journalists knew about it to make their jobs easier.
Admittedly I bear a hard grudge against them from my youth and how they would scapegoat and stir up moral panics about the youth and their media. Rainbow parties, bullshit claims about video games and anime, etc. They still love to use Millennials as a slur.
I personally suspect that demographic warfare came back to bite them hard as they grow up and don't trust the ones constantly talking shit about them on garbage grounds.
And that would clearly be ridiculous (though believable that the EU would try). Are they going to fine Google for monopolising weather queries next? How about putting Casio out of business by abusing search monopoly to provide a free calculator?