[insane_dreamer]

Social media doesn’t provide news. It provides regurgitation of actual news by journalists (who need to eat) and a lot of hot takes and commentary on the actual news by journalists. Take away the journalism and you’re left with Reddit hot air.

[djoldman]

Americans don't care.

Journalism and news compete with entertainment.

Everyone needs to eat. Lots of jobs have gone away and lots have been created. Just because industries shrink doesn't mean they should be bailed out or supported.

[pixl97]

Eh, in that case most 'news' doesn't provide news but opinions and commentary.

Conversely a lot of 'news' in its raw form is posted to social media.

What you're talking about is long form journalism which is expensive and not popular with the 30 second soundbite population we've grown.