[slickdork]

I suspect the third reason might be that most media is owned by a handful of people. If there's no money in news, why are these companies owned by billionaires?

[0]https://en.wikipedia.org/wiki/Concentration_of_media_ownersh...

[zhivota]

There's not much money to be made by doing quality news, but plenty to be made in click bait crap news.

And if you're a billionaire there's a lot of intangible value in owning news outlets.