News co-ops are part of the free market. If you want to site successful non-free-market news organisation there are things like the BBC. Which is respectable, and really quite a wonderful organisation if the propaganda is favourable to your cause.
Eloquently put! Personal experience- wrote to bbc and asked them to address/edit/revisit their past articles making someone a victim and a 'hero' for a cause several years earlier in light of a court ruling absolving the accused and establishing holes in the 'victimhood'. They refused it flat out! Took a few seconds for BBC's reputation to go 180 degrees in my mind.