Hold on, 50k sats PER MONTH to have a topic forum? That seems quite outrageous no? That can't be right?

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It is correct, and as I said many territories more than earn that back and many more nearly break even.

That fee is the source of funding for the developers. They don’t take any cut of the activity on the site.

600,000 sats a year seems insane, no?

I suppose this does not take into account the the forum ('territory') owner takes a % from the posts or something, like you said most break even.

But there are like 20+ subforums (I can't count them on my phone so it's a bit of a guess) on stackernews.

That's 20 x $650~

= $13000 per annum. Can this be right??

Most don’t break even but there are lots of reasons for that. Some owners aren’t very active and some own the territories as pet projects.

Oh I see