>News companies are dying, news is commodity, if I can't read something on the LA times, I'm sure I'll find that same article on some other news site.

Or the original news simply ceases to exist as is already happening at the local level in many cases. There's probably a continuing market for some global news organizations that are at least muddling through with subscriptions and other products. (Or not. See story on Time Inc. recently.) But I suspect the non-national/international journalism will continue to decline.