> The problem with local journalism is simple: the product is produces is not worth what it costs to produce it.

I find this approach superficial and dangerous.

Maybe local journalism has been superseded or looks like not important to the locals. The lack of local journalism IMO will end up costing a lot more to any community in the long run for obvious reasons.

I think the nuance is that is doesn't produce what it's worth - it's that it's value to society is more than what people are willing to pay for it (and also more than what it costs to produce).

Of course there will be exceptions to the rule, but these dynamics seem pretty strong.

Absolutely.

And as someone who’s seen some condo boards, I can tell you that when presented with “we all need to pay a small amount of money now to avoid a big bill later” the response will generally be “no way!”

It’s a tragedy of the commons issue, mixed with people who don’t agree on the value of it in the first place.