To get to be a 'journal or newspaper that offers incredibly high quality content ad-free' you need funding. Arguably you also need to go up against the richest and most powerful people in the World, and you need to protect against someone buying it and shutting it down.
You need a lot of principles and some money, getting those things together in the same place seems hard.
Was news in the past better ( more comprehensive? more verified?), or just better presented?