BuzzFeed News suddenly shuttered, leaving scores of extremely talented journalists without employment (and lest you think of BuzzFeed as strictly a place for viral videos about cats, recall that its news division did plenty of prize-winning journalism over the years). And so it is with the news media – journalism, let’s call it – in the digital age. News companies that are owned by billionaires, such as the Washington Post, may have more stability than most, but still find themselves grappling with the loss of advertising revenue; even billionaires don’t want to sustain losses indefinitely.