I disagree with the premise that there is a correlation between production cost and quality.
Unless you're suggesting that television shows should all be made on a "work for a share of profits" or "work for free to get recognition" basis (i.e., like a start-up or an open-source project respectively). I don't really see most people being able to do that, though.
For example, if you look for the latest hits on Youtube, you will see that most of them started posting videos there, for free.