The journalism industry faces difficulties in creating sustainable business models for the digital age. Communications research has looked at this challenge through case studies and panoramic perspectives, but there’s a lack of holistic views and a need for focus on value creation. In this situation, this paper presents a systematic literature review that confirms there’s a clear lack of standardization between the case studies, whose main focus have been revenue streams at the expense of deeper analysis of other key factors for the economic success of a company, like the value proposition. With the aim to contribute to the solution of this problem, the paper also proposes a methodological tool that allows future researchers to analyze the business model of a journalism company in a standard way with a view to facilitate better comparisons between companies and to understand success patterns of sustainable business models in order to promote innovation and knowledge exchange. Keywords: Business Models for Journalism; Revenue Streams for Journalism; Media Companies; Digital Journalism; Media Business Models Analysis; Media Economics.