Do you think a news source that reported just the facts would flourish?

No.

Because remember, "we" (the People) are NOT the customers to the News Media. We're the PRODUCT.

News is essentially "free" in that we don't pay for it. Who does then? Sponsors. For what purpose, to generate revenue for themselves. News outlets sell access to us.

Therefore, the news is the "free lunch" to create a "captive audience" which allows Sponsors to Profit, and in turn Media gets a cut of that.

The only way a "fact based" media would work is if WE paid for it. No sponsors. Then we are paying for the product, instead of someone else. However you run into the same problem, media is there to make money, which means they will manipulate the product for the best profits.

Depends on whose facts they will report? There is no such thing as a news report that doesn't take sides.

There's no such thing as "just the facts." There's always a worldview, there's always a perspective, and perhaps most importantly, there's always a limited amount of time to present the facts. Something has to get left out, and someone has to decide what that is. What get's left out is determined by that person's view of what is most important. No two people will always agree on these things.