It is also the view of many working journalists, or at least the ones I know.

And it's not like some CEO decided "hey, let's pivot to churning out low-quality clickbait because I really like that stuff." They were forced to by the shift of ad budgets from print to more targeted advertising and the consolidation of news readership into a small number of well-known publications. Though I do agree that it's equally unfair to blame journalists for this.