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."

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