You are mistaken and are myopic. Fox or CNN are not the ones at stake here.
The local newsroom that do the important work of disseminating disaster information, local election information are what's at stake.
40-some millions US residents still don't have reliable or fast Internet. Millions don't have any Internet at all. How do you expect to keep up with their own community and the world?
I'm having trouble following your logic. You're suggesting that because I'm not willing to pay for $big_name_newscorp, that somehow this will cause local newsrooms (that I would not be subscribing to anyways) to go bankrupt? And also that I somehow bear moral responsibility to keep these newsrooms afloat?