Earlier quoted context omitted.
I want news to return to the local level. Local news I am willing to pay for, because the information, and thus confidence in it, is closer to home and more identifiable. Reminds me of a book by John Grisham{1} about a young journalist who buys a small southern newspaper, and turns it around by focusing on actual news. {1}. The Last Juror
I don't think you're willing to pay what it would actually cost. Not calling you a liar, just noting that a truly local news source, operating at the level that they did 20 years ago, would cost so much more today. The revenue for a local paper used to come primarily from advertising that doesn't exist anymore. Movie theater listings, classified ads, auto dealership sections. The Real Estate "section". Each of those…
Newspapers would charge for a subscription and sell advertising. The subscription fee would essentially just pay for printing and distribution of the physical newspaper, and then advertising provided the margin.
Now advertising is in the dumps but the internet has removed the capital and operating costs of a printing press and physically delivering dead tree pages to doorsteps.
Traditional newspaper subscriptions were something like $10/month. If you have 50,000 local subscribers and negligible printing costs, that's $6,000,000/year. You can fit a full staff of journalists into that budget.
Or you can go it alone, charge the same $10/month and be making $120,000/year with 1000 subscribers.