SOUTH AFRICA, Jan. 18 -- After a decade of doom, and silver bullets that mostly fired blanks, the news media seems to be adjusting to its pivot to reality and acknowledging the death of the primarily ad-supported funding model for hard news.

Nothing spells challenge like having your business model disrupted by global giants while taking on despot and deranged leaders at the same time. Few industries are in the peculiar position of facing off against technology behemoths like Google and Facebook, while simultaneously carrying the responsibility of watching out for the greater good.

As news publishers juggled the demands of reinvention while retrenching, we are finally seeing the emergence of what Digiday editor-in-chief Brian Morrisey call...