The difference is, when told to put their money where their mouths are, people on the internet like to pretend that high-quality journalism doesn't still exist so they can keep their wallets closed.
What would be nice is a pay per article approach. I find Monocle quality enough for an annual subscription, and sometimes The Economist is worth getting for a weekly here and there.
Also, another thing keeping me from having many subscriptions to different rags is how much information is free online (even things like the HN comments section have a wealth of information).
"I should pay to support quality journalism, but since there's stuff free online, I won't, and it will die."
Sad!
What I've noticed, anecdotally, is that Fake News is screamed at me when the story is accurate, but isn't parsed like a legal document.
So "Jim said he would kill all the sparrows" is the headline, but because Jim said "he would kill every sparrow" and not literally "all" the sparrows, FAKE NEWS.
It's absolutely infuriating.