Here in Finland we have YLE, and it has news, movies/shows, documentaries, radio/podcasts etc. It is funded with tax money, and I consider the two biggest pros to be that news and more are easily accessible for free to anyone and that since YLE isn’t trying to profit from journalism, there are no clickbait headlines. Though, the worst flaw is that goverment-funded journalism is prone to propaganda, and once you control the media, you control the whole country, so people need to be very careful.