There is a balance to be struck. News has a few vital cogs in the machine that it cannot continue without. It needs reporters, editors, news to report, readers who are interested, and an income stream to keep it all running. It doesn’t need to be profitable, but it does need to be sustainable. If you only ever report stories that nobody cares about, you will not make enough money to be sustainable. If you only report sensation, you will become corrupt. If you over-report on the same subject, readers will become numb to what you have to say. So while you are correct, news needs to report what is important, they also need to consider how their stories will impact their readers.