Scorched earth. Let's be brutally honest about the state of the news business! Are we doomed?

Every revenue model for news is in serious trouble: Advertising is collapsing. Paywalls work for only some sites. There's not enough charity from foundations or the public to support the journalism we need. Government support is fraught with conflict. The platforms won't come to the rescue. Every messiah turns out to be false. Meanwhile, newspaper companies are falling into the hands of hedge funds. Are they better off dead? Are we all better off starting from scratch and rebuilding from the ashes, reinventing journalism instead of just resurrecting old newspapers? Yes, there are glimmers of hope, but usually for the big guys. What about most news organizations? Will they survive? Should they?