I haven't done a comparison of relative hiring, but what I do know, what has been widely reported, is that money that was collected by all newspapers, big and small, in Australia has been invested, ploughed back into the investment of journalists. That, to me, is the important takeaway. If anyone doubts that's going to happen, they just need to look at the Australian experience. If you set the allocation right, you're going to create an added incentive to get the news publishers to reinvest in journalists because it's going to make their allocation, their share of the allocation, bigger on the next go around.
On November 1st, 2022. See this statement in context.