Whilst I agree to some extent, journalism has change beyond belief.
I watched a fair few Motorsport interviews on youtube, criminally low viewing figures when you start listening and find the nuggets within, and some truly huge names there too. Advertised better these are great little things to listen to over reading stuff and could generate a return via ads.
While writing is the core, there are so many more ways to sell your prose, be it verbal, video.
I do feel motorsport publications have been rather left at sea by other areas in this way, not all of them mind you, some do very well.
It is true people don't like paying for online content, I am one of them sadly. I have never been a downloader, I prefer the carbon copy to feel, read, explore. I simply feel paying for stuff digitally is for me not worth it, so am happy to do without.
And let's not forget advertising, done properly can easily offer enough payment to cover wages, maybe not at the same level, but there are also less overheads remember, far less. But if people can make money playing games on youtube, surely a great writer can too in the various ways that can be sold with decent advertising.