This argument walks on a very thin ice. In imaginary world journalists are accurate, and trurhful, and therefore societally positive, and should be exempted from normal market. In real empirically observed world journalists produce more inaccurate, and biased information then anything else. Also, it seems to be built around logical fallacy that we get news because of media, and if these poor guys will not get more coins we will be left uninformed. In fact, they are serving naturally existing demand (we are social animals) as any usual business does. With the internet competition increased, and this leads smaller profits, and some journalists being laid off. Which is ok. Neither of this creates any real societal dangers in a way which media biz tries to present it.