Sounds a lot like the named companies aren’t even allowed to say “no I don’t want to display links at that cost anymore.”
Are you saying news sites should be able to prevent linking to their site altogether? Seems like that would be giving too much power to the News sites, and then there would be complications if a user on the social media site were to link to their site somehow. What would the penalty be if a social media site linked to a news site that prohibited them from doing so?
Also doesn't seem like something a news site would want to do.