They probably could be profitable without their sugar daddy. But they would have to make serious cutbacks, like they couldn't pay all the talent millions of dollars a year. It would actually have to worry about staff as well, they couldn't just rely on overpaying people for a year before they quit in disgust at being a part of such a heinous organization that is basically against everyone except extreme right wing religious positions.

So basically daily wire would implode without the buckets of cash they are handed. Oh also they couldn't afford to buy shit loads of ad space across all of social media if they were limited by subscriber donations. Which means they couldn't find more people watch because meema isn't seeing ad clips on Facebook video anymore.