Alternative: Start a newspaper who's goal is to be lean in operations, basically one person per role, and fund raise it from individuals, groups and government subsidies (if those exist in your country).
Seemingly people are able to fund things like Indie Games via Patreon subscriptions, surely for towns/cities with at least 100,000 people there would be a 1% of the residents interested in local news, right? 1000 people donating 15 EUR a month is already 15,000 EUR, assuming it only gets funded by monthly donations of individuals.