From co-ops to direct public offerings, local news outlets get creative to stay afloat

"From co-ops to direct public offerings, local news outlets get creative to stay afloat" by Zoe Sullivan for Next City, August 28, 2019

"The journalism landscape has transformed dramatically since the turn of the millennium when more than 400,000 people were employed at newspapers in the US. By September 2016, less than half that number remained employed, and over the first five months of this year, some 3,000 news workers lost their jobs, too. Roughly 1,800 newspapers shut their doors between 2004 and 2018, according to a University of North Carolina study. The impact on local journalism, which has seen tech giants gobble up 77 percent of local digital advertising, can’t be overstated.

People across the country are scrambling to develop sustainable models to fund local journalism."

"From co-ops to direct public offerings, local news outlets get creative to stay afloat" by Zoe Sullivan for Next City, August 28, 2019

"The journalism landscape has transformed dramatically since the turn of the millennium when more than 400,000 people were employed at newspapers in the US. By September 2016, less... -->

A paradox at the heart of the newspaper crisis

"A paradox at the heart of the newspaper crisis" by Marc Tracy for The New York Times, August 1, 2019

"Over the last decade, the finance industry noticed that newspapers were distressed — but potentially valuable — assets that were available at bargain-basement rates, said Penny Abernathy, the U.N.C. journalism professor who wrote last year’s report, 'The Expanding News Desert.'"

"A paradox at the heart of the newspaper crisis" by Marc Tracy for The New York Times, August 1, 2019

"Over the last decade, the finance industry noticed that newspapers were distressed — but potentially valuable — assets that were available at bargain-basement rates, said Penny Abernathy, the U.N.C. journalism professor who wrote last year’s... -->