It isn’t reasonable to expect independent journalists to take over the work that news media currently engages in. While there are legitimate criticisms of media companies becoming too large and being driven by outrage based engagements, they also provide the resources for some of the best journalists to spend a large part of their lives dedicated to digging into a story rather than worrying about how to make ends meet.
The press is a pillar of American democracy. Independent journalists are great but they just won’t have the same power or credibility as they do when they’re organized.
And, to the degree that they're actually doing investigative journalism, it's really hard to see how the finances work out. I guess there's patronage of various sorts but that tends not to work very well and certainly isn't very scalable.
My sense is that trust is the invariant in the reader-writer relationship. (Lack of) financing is one method to undermine trust, and a method that news organizations are not immune to. Just look at what the internet has done to them!
I'm curious about independent accreditation that journalists can attain and what kind of signal that could provide to contemporary distribution methods. It's easier for Twitter's algorithm to trust such an agency than it is to somehow infer credibility from the lame like/retweet signals it has direct access to.
The press is a pillar of American democracy. Independent journalists are great but they just won’t have the same power or credibility as they do when they’re organized.