The No. of Journalist working for a Newspaper does not define the Quality

Productivity of Journos depends more on market density and concentration
To produce a million copies per day, it takes
… 414 journalists in Japan, a record high dense market in which the average daily sells almost 500,000 copies
… but 1600 in Sweden and Finland where a daily sells typically 40,000 copies
…and 1122 in the US where, on average, a daily sells 34,000 copies
The profitability relies more in workforce adjustment, than on subsidies

continuation / more interesting stuff
via @matthiasschwenk