I'm not sure exactly where the line between "news" and "editorial" is being drawn. If you have journalists from WaPo in DC writing articles on something happening in Israel, what is the difference between them and a respected journalist writing on Substack? If it's someone with a good reputation, I'd probably attribute a bit more weight to the Substack author's analysis on the situation.

Obviously there's space for investigative journalism like what, e.g. ProPublica is doing, but if it's just "news", I'd rather get it from an individual backed by a strong reputation than an institution backed by a strong reputation, unless the journalist has a useful on-the-ground insight.