I still think some people will pay for quality news reporting. Maybe not the crap that seems to pass for journalism in a lot of publications these days. If you provide people with well-researched information, give them access to people/places/things they couldn't otherwise reach, you will be providing some value which you can charge for.

If you are just doing lazy, surface level reporting on things that a horde of citizen-journalists are going to throw onto the web for free anyway, you might be screwed.