We are about to watch the collapse of journalism in real time.
I respectfully disagree.
Conventional media may collapse, but we see very good media outlets doing a great job - ProPublica, 404media, Bellingcat, OCCRP, many local andvregional outlets, ... It could turn out to be a good sign if and when the media industry gains a more decentralized structure (the Fediverse is of great support here).
So don't subscribe to the large media papers and periodicals, support some independent smaller outlets that you like to read.