Ok, you say “to survive.” I know countless boutique shops that I know do not ever turn a profit, but stay open year after year because the woman’s rich husband writes them off as a tax loss. What is to keep a bigger corporation from writing off such a “news” outlet as a tax loss year after year? As long as the shareholders don’t care . . . .?
It's theoretically possible, but unlikely shareholders of a publicly traded company will allow unending losses. A privately owned company 'could' subsidize a losing media company for a time, but no one has unlimited capital to waste. Not even governments.