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I read (and pay for) the Economist. In fact, I pay for way more than I read (most weeks I can barely get through the Editor's picks and the World This Week and a skim through the rest), though I love their new app, Economist Espresso which each weekday provides a brief rundown of what is going on in the world. The articles are of similar quality as the newspaper (what they call themselves), but substantially shorter.
I also listen (and pay for, voluntarily) NPR, mostly through podcasts.
I think you will see the world of news bifurcate into two segments. High quality work like the two above, the Wall Street Journal, New York Times, and a few more outlets, perhaps some online only which will cater to a smallish group of people willing to pay for the quality, and a larger segment of cheaply made, cheap to produce, almost exclusively online content that is "free" to consumers (in terms of no subscription fee), but is a mix of social media click bait, annoying advertisements, and lowest common denominator poorly written [excrement].
The best writers and journalists will be able to make a decent living, but for the rest (and the average UC Berkeley journalism graduate), it doesn't sound like a fulfilling career.
BC