|
Can State Governments Save Local Newspapers?
|
|
|
 June 16, 2021 | PUBLISHING | Newspapers across America are in peril, particularly small and midsized ones. The collapse of the traditional advertising model has caused upheaval across the industry. Since 2004, more than 2,000 newsrooms across the country have closed, most of them weeklies. The pandemic only exacerbated the problem. At least 70 newsrooms have shuttered since March 2020, according to the Poynter Institute. Most recently, Alden Global Capital, a hedge fund famous for exploiting struggling papers, gained shareholder approval to buy Tribune Publishing—an ominous sign for the papers under the company’s umbrella-like the Chicago Tribune and the Baltimore Sun. Yet amid closures and consolidation, some papers have found survival strategies… Washington Monthly
|
|
|
|
