First, the billionaires killed Gawker. It made a lot of enemies, but Gawker was a real journalist organization. 

And now the New York Daily news is being killed by its parent corporation, following a $15 severance payment to its former chairman, accused of sexual harassment by two women.

Corporations over workers. Jobs cut in lieu of absorbing legal fees and damages. I don't think this is legal is progressive nationals like Iceland. But in the USA, and especially under the Roberts Court, this is the proper order of society.  

American cable TV news is sustainable for now. Enough older views keep that going. But the damage to US journalism is done. There are some amazing people who do investigative journalism for almost no pay. But there's no longer a healthy number of students majoring in journalism. Ten years from now, there there be any investigative journalists to speak truth to power, or even write about the Mets?