anytime someone posts a link that requires you to pay for the journalism

People subscribing to random newspapers via links on Lemmy would not be a sustainable model for funding local journalism. And - historically - plenty of people did subscribe to local outlets. Plenty still do. Hell, go on Patreon or Substack and see how well the nascent podcast journalism marketplace is doing.

What changed over the last 40 years was a wave of M&As targeting smaller papers to consolidate the news markets. Case in point, my own city of Houston had half a dozen different newspapers chugging along just fine for decades. But because they were small, they were also very cheap. Loose monetary policy in the 90s made buying up papers very cheap. So the Houston Chronicle went around town buying the smaller papers and shutting them down. Now its the only major newspaper of record remaining.

"Well, people on Lemmy should have paid for more subscriptions to the Houston Post" is a fucking asinine statement, given that their stated reason for failure was cost of newsprint rising in the early 90s and they stopped existing before most of the people on this site were even born.