Point (1) is why news institutions that cover a wide range of interests and have a broad audience have tended to fare better. Depending too much on a particular

Point (1) is why news institutions that cover a wide range of interests and have a broad audience have tended to fare better. Depending too much on a particular niche audience leads to audience capture. WSJ and Fox News have the same owners but WSJ still has one of the best and most credible newsrooms in the business (their opinion section is another matter). Meanwhile Fox News is a lie factory that only tells it's large (but niche) audience what it wants to hear. And now they have rival networks eating away at the pie by being more sensational and even more shamelessly obsequies. They're stuck in a radicalization doom loop.