What impact has the for-profit model had on journalism?
Mass media’s always had to be for profit because you need the big numbers. If you look at non-profit institutions in our society- symphonies, libraries, museums - most don’t have mass market appeal.
Non-profit journalism has had and will continue to have an important role to play in the overall field of journalism but I’m not sure it could have supported the rise of big city newspapers or certainly not the creation of major TV networks, which just require far too much capital than what you could squeeze out of non profit sources.