I think you missed the point of the parent comment.
The money (from advertising) that used to go to news now goes elsewhere (Google and Meta).
It’s left very little in terms of resources for staff.
Think about what the quality of commercial software would be like if there wasn’t enough money for QA and testers and top tier devs capped out at $180k with starting roles at 30k and 40k.
That’s the news industry right now. Poorer quality product.
The money used to go to Hearst and co. The golden age of journalism is mostly a mirage.