Journalism Requires Owners Committed to the Cause
There are many types of businesses a wealthy person can own as a mere hobby, in which the business can thrive under such ownership, simply by the owner allowing talented dedicated professionals to run the operation. A wealthy dilettante owner can help many such businesses, by providing the capital to hire great talent. Journalism is not one of those businesses. Profits are important because profits maintain independence and pay for talent. Investigative reporting is expensive. But independence is more important than anything, and there can be no true independence for a publication when the owner is not committed to the cause.