This is one of the big problems with the internet, and one of the few things I agree, it totally fucked up.
Long ago, the biggest way we got news was newspapers and late night news on the radio / tv. Journalists were able to get the news, but then had time to research it, fact check it, get sources, etc. Funding was also simple because they could run local ads, carry subscriptions, and often had loyal readers / listeners.
Due to the internet, the new measurement of success is CLICKS. The more clicks you have, the more money you make. There is so much competition now between news outlets, both national and local, that everyone has to be first to the party or they feel they won't get those sweet page views that feed the advertising lords. They need those pages up ten minutes ago so they can beat out the next local competitor and go viral, get all those clicks, and find the next way to get people sadmad at their headline to keep those clicks rolling in. Stephen Colbert said it himself once, Donald Trump is "great for business", not on a grand scale for our country, but that his escapades and bullshit get a lot of people watching all these late night comedy programs and reading all these ridiculous articles. High ratings, high clicks, high revenue.
What we NEED is, somehow, destroy the 24 hour news machine. Getting news for things like emergencies is fine, but right now journalists really can't even breath. They stutter for a moment, and Bill at the other newsroom already has ten million clicks of his report about how Donald Trump molested the Easter Bunny during quarantine.
It won't happen though, because A) advertising has and likely always will be the way the majority of everything media outside of movies is going to make money, and B) We as people gravitate towards only reading about the absurd. No one wants to read about the little girl that won the junior cake baking contest, we click on the link that says "Donald Trump eats sixteen hamburgers in front of secretary of state and vomits up a perfect ground beef replica of Jesus Christ." Until these things are fixed, the owners of all these news orgs are going to keep hunting those clicks / ratings.