The more money that comes from subscriptions, the more that news coverage will reflect the interests of subscribers rather than advertisers.
My father reads a lot of third party news but actually fact checks on Reuters. A lot of friends and colleagues skip third party news and read directly from Reuters, because it is free. With this change, I doubt a great many of them will continue with Reuters as a source, and would rather stop at a third-party localized news outlet.
Reuters provides facts, and very little opinion. People believe that facts ought to be free, and only worthy opinions are worth paying for.
People used to pay for newspaper subs before. In real terms, this price is relatively cheap. Gathering facts requires time, money and able reporters.
I know people got spoiled for a while with free news. It’s time to go back to reality and pay for good news reporters.