Yeah we could go back to a time when all you had was rumor before ad supported newspapers arrived, is that the world we want to be in where only those who want to support their view and who undertake subsidizing those views get to disseminate news and engage in journalism?

Citizen journalism is not the solution. First they may have bigger biases than professionals and they don't have an editorial board overseeing and critiquing their works, it may be more unbalanced and may have less access to the halls of power. So traditional journalism still appears to have a function.