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Newsonomics: What was once unthinkable is quickly becoming reality in the destruction of local news
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Archives: March 18, 2020

The traffic surge really took off on March 12, the day after Trump’s address, the suspension of the NBA, and Tom Hanks’ announcement he had tested positive.
But Patrick Soon-Shiong’s outside business dealings show the importance of disclosure — especially in an era when more important news organizations are owned by billionaires with business interests in the topics journalists cover.
“I think the interesting challenge is figuring out how to balance investment in the organizations that are producing the quality journalism today with those organizations who might be emerging and able to produce several years in the future.”