Paywalls work. And, as a result, more and more news outlets are implementing them. We'll eventually reach peak paywall, but there's another core problem with every news outlet heading this way.
The absence of access to paid media used to basically mean access to no media (or if not “no-media”, then sources with obviously low levels of trust standing). This has changed radically now, with the counterpart to factual news now being heavily manipulated, downright false information that is widely distributed. By increasing the barrier to access to reputable news sources, unfortunately, there is no longer just a void, but a tide of misinformation.
I hadn't quite looked at the issue from this point of view. As more and more high quality media disappears behind a paywall, that leaves the less financially-able (or willing) to pay for media searching for free media; and the misinformation outlets and hyper-partisan media are all too happy to fill the void.
The UK, at least, has the BBC fulfilling the role of free at point of consumption high-quality news.
Could this be the role for low-cost news bundles like Apple News? Or micropayments like Axate?