I agree with your definitions. But if I'm choosing between Editorial "news" from WaPo/NYT vs. someone independently covering the same events on their Substack, I'd be more interested in the individual on Substack if I trust them from previous experience as an intelligent, informed, good-faith writer.
WaPo/NYT I don't know the individual writers very well, and I don't really have much faith in the intentions of the editorial board...