The main point here is that people are willing to pay for niche content that is relevant to them - this is not news. You’d assume that the spending patterns would be different for finance and tech (where money flows more freely) than for individuals and their local news, but in the end its the same people. People paying for Stratechery or The Information probably care about their kids schools, the local events on their neighborhood, and whatever else their hyperlocal publication has to offer. This is why I’m so interested in initiatives such as Hoodline’s hyperlocal news wire.