What newspapers did historically was mostly just possess the very expensive printers and delivery networks required to distribute media to large numbers of people, right? It would make sense for such organizations to distribute news, opinion, sports info, financial info, comics and other entertainment, etc.

It’s tempting to think that their real value was always the reporting itself, but then how do we explain why technologies like the internet (and even TV before that) have seemed to massively disrupt their business model?