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by B4CKlash 1817 days ago
I believe there are plenty of examples of profitable news organizations. They all generally sit in the 'patronage' category as you described/ala The Guardian.

The New York Times is the first one that comes to mind: https://www.wsj.com/market-data/quotes/NYT/company-people

The economist is very profitable: https://www.economistgroup.com/pdfs/Annual_Report_2021.pdf

And lastly, (while I'm sure there are more), I believe Conde Nast has said the New Yorker is also profitable.