It's a failure of capitalism that the positive externalities of local news are not captured by the people who generate it (just like a failure of capitalism that the negative externalities of so many things aren't borne by those that generate it)
We're stuck right now with only two models, $15-30/mo subscriptions subsidizing hordes of non-payers, or ads.
All those news types have better and or free sources. With more depth and detail.
Problem with tradituinal news orgs are that they attempt to serve everybody so is generic, shallow. And thus very low value. Very low.
People now aren't willing to pay for those experts, so the only ones that cover the news are those with other agenda