Y'know, I'm not nearly as against this concept as this suggests. News is... clearly unprofitable in the modern era, and the quality of the average news outlet has fallen drastically in the past few decades. So I'm down for some drastic attempts to recapture that value and reward good reporting.
Obviously this isn't perfect, it might even be full-out stupid, but I don't think perfect exists here, and it's worth trying something here.