Journalism, if done correctly, is unprofitable - the times in American history it has thrived, imo, have been when journalists have been patronized by people willing to trade money for prestige. That could have happened with the WaPo but now it appears to be more convenient to have a mouthpiece even if it's obvious to everyone.
Organizations like NPR and the CBC that get government funding can survive a while, but inevitably an administration will come into power that will threaten them or outright deny their funding to the point of impotency. Still, given how cheap they are to us in terms of a national budget it feel like just diverting 5% of the DOD's unmarked funding to just throwing money at journalists with no strings attached would probably result in immense transparency and quality.