"Quality journalism" cost money. If you go into any debate about the future of journalism you will find the same thing as I have found.
That's the same in the UK, the US or Denmark for that matter as all of them are struggling with the same issues.
Do any search on google about journalism and the future of journalism and the majority discussion isn't about regulation or tabloid (tabloid is way to popular to be under danger)
I have been involved in several newspaper projects both one trying to be extreme high quality and one which was supposed to be free.
Regulation have never been a serious discussion point when it comes to discussing journalism, so yes perhaps we do hang out with different journalists.
In the UK, regulation is a serious discussion point when discussing journalism, both from the perspective of things like the tabloid phone hacking and also from the perspective of restrictions placed on broadsheet reporting, e.g. the Trafigura super-injunction.
Also, what role were you taking in the newspaper projects you were involved with?
The other I helped create the entire newspaper both when it came to design and the content as one of my partners were lead investor in it.
They both failed for two different reasons, Despite the general love for the first newspaper and it's content (think International Herald Tribune) not enough wanted to pay for it.
The other was an attempt to establish a free danish national omnibus newspaper which failed because of problems with distribution.
I have also been advising a few online journalistic magazines. One of them is doing really well by following a donation model ala the one used on brainpickings.org.
Regulation is always a discussion but it's not the discussion that journalist normally discusses when they discuss journalism as tabloids aren't the only types of newspapers there are so I would still question the idea that regulation is really the core discussion when it comes to journalism.