Do you understand the implications of what you're saying? Do you realize that you're saying that news organizations must intentionally fail at their primary function just to make the bare minimum amount of money they need to stay in existence and pay their employees enough to keep them out of poverty? This is reality?
To make the bare minimum they need to stay in existence? Probably not, to make enough money to make the job worthwhile and mainstream? Most certainly yes.
Toady has shown that one does not need to sell games to make a living as a Developer, but there's a far cry from 'making enough money to stay out of poverty' and 'making enough money to live comfortablely'. Most people opt for the second.
Uh huh... so what exactly is "comfortably"?
Ovbiously that varies from person to person, but i'd imagine that most westerners would consider somewhere in the realm of ~20 - 30 grand per year per per person to be pretty good.
Lets go with 'upper middle class', fairly large house, 2 decent modern cars, possibly an expensive sports car, wife, two kids, private school fees (maybe, maybe not), probably somewhere around ~130 grand a year, say 60 grand per year each for the wife and husband? Pre-tax. Give or take 20 grandish from each, maybe.
But it'll vary significantly from person to person, for example i am quite comfortable living in my parents house and fully intend to continue doing so until i finish my university course and land a solid job somewhere, but i know people who moved out at the first opportunity and are pretty comfortable in a 4 room apartment, and i know people who wouldn't be comfortable in anything short of the white house and fully intend to make seven figure salaries before they're happy.
I would imagine most people want more money than your standard freelance journalist can reasonably expect to earn however.