We admit the market won’t save us

“Journalism leaders called for Lee to fend off the vulture hedge fund in order to help preserve a democratic press. Lee told Alden they’d just need a higher return to sell us out.”

Two hundred years from now, there will be no hunger, poverty, or homelessness. Everyone will have access to the healthcare and education they need to live their best lives. Communities will be deeply connected. Mass incarceration will be a thing of the past. The environment will be cherished and white supremacy extinct.

What will local news look like then? And how are we building toward that future today?

One thing we know is we won’t reach utopia on the back of commercial media.

There will be no solution to the local news crisis or its deleterious effects on democratic institutions without the creation of an alternative public system to meet the news and information needs of working people.

With few exceptions, commercial news media is a financial instrument of the ultra-wealthy, leveraged for their profit or power at the expense of journalists and consumers alike.

When Alden Global Capital made a bid to buy Lee Enterprises, owner of 90 American dailies, Lee’s board of directors took a stand against the hedge fund known for pillaging newsrooms and exacerbating social problems in the communities it operates. After the board voted unanimously to oppose the purchase, board chairman Mary Junck elaborated on the decision. “The Alden proposal grossly undervalues Lee and fails to recognize the strength of our business today,” Junck said.

Journalism leaders called for Lee to fend off the vulture hedge fund in order to help preserve a democratic press. Lee told Alden they’d just need a higher return to sell us out.

Those same journalism leaders call on us to trust establishment media to respond to the crises their profiteering has wrought, and to subsidize them with our tax dollars to boot.

Profit is the raison d’être of commercial media. We cannot bet our bottom dollar on institutions and people that have consistently undermined the public good for their investors’ benefit. We must build an alternative system that treats access to local news and information as a right, a critical component of a democratic society and a sustainable economy, a keystone of a functional community.

In 2022, we’ll admit the market won’t save us. That it will take local, state, and federal investments in new public alternatives to inspire a resurgence in local news and civic participation.

The heyday of journalism is ahead of us. In 2022, we lay the foundation for that future.

Simon Galperin is founding director of the Community Info Coop.

Two hundred years from now, there will be no hunger, poverty, or homelessness. Everyone will have access to the healthcare and education they need to live their best lives. Communities will be deeply connected. Mass incarceration will be a thing of the past. The environment will be cherished and white supremacy extinct.

What will local news look like then? And how are we building toward that future today?

One thing we know is we won’t reach utopia on the back of commercial media.

There will be no solution to the local news crisis or its deleterious effects on democratic institutions without the creation of an alternative public system to meet the news and information needs of working people.

With few exceptions, commercial news media is a financial instrument of the ultra-wealthy, leveraged for their profit or power at the expense of journalists and consumers alike.

When Alden Global Capital made a bid to buy Lee Enterprises, owner of 90 American dailies, Lee’s board of directors took a stand against the hedge fund known for pillaging newsrooms and exacerbating social problems in the communities it operates. After the board voted unanimously to oppose the purchase, board chairman Mary Junck elaborated on the decision. “The Alden proposal grossly undervalues Lee and fails to recognize the strength of our business today,” Junck said.

Journalism leaders called for Lee to fend off the vulture hedge fund in order to help preserve a democratic press. Lee told Alden they’d just need a higher return to sell us out.

Those same journalism leaders call on us to trust establishment media to respond to the crises their profiteering has wrought, and to subsidize them with our tax dollars to boot.

Profit is the raison d’être of commercial media. We cannot bet our bottom dollar on institutions and people that have consistently undermined the public good for their investors’ benefit. We must build an alternative system that treats access to local news and information as a right, a critical component of a democratic society and a sustainable economy, a keystone of a functional community.

In 2022, we’ll admit the market won’t save us. That it will take local, state, and federal investments in new public alternatives to inspire a resurgence in local news and civic participation.

The heyday of journalism is ahead of us. In 2022, we lay the foundation for that future.

Simon Galperin is founding director of the Community Info Coop.

Larry Ryckman

Simon Allison

Amy Schmitz Weiss

Tamar Charney

A.J. Bauer

Jennifer Brandel

Millie Tran

Jesse Holcomb

Julia Munslow

Francesco Zaffarano

Paul Cheung

Matthew Pressman

S. Mitra Kalita

Rasmus Kleis Nielsen

Shalabh Upadhyay

Burt Herman

Gordon Crovitz

Nik Usher

Tom Trewinnard

Joe Amditis

Cherian George

Alice Antheaume

Gabe Schneider

Stephen Fowler

Jody Brannon

Joy Mayer

Chase Davis

Sarah Stonbely

Stefanie Murray

Sam Guzik

Juleyka Lantigua

Christina Shih

Joshua P. Darr

Whitney Phillips

Cindy Royal

Rachel Glickhouse

Matt DeRienzo

Amara Aguilar

James Salanga

Mandy Jenkins

Gonzalo del Peon

Tony Baranowski

Robert Hernandez

Kristen Muller

Doris Truong

James Green

Candace Amos

Laxmi Parthasarathy

Mary Walter-Brown

Chicas Poderosas

Megan McCarthy

Jessica Clark

Eric Nuzum

Christoph Mergerson

Jennifer Coogan

Anika Anand

Raney Aronson-Rath

David Cohn

Melody Kramer

Michael W. Wagner

Daniel Eilemberg

Ariel Zirulnick

Matt Karolian

Joni Deutsch

Shannon McGregor & Carolyn Schmitt

Ståle Grut

Mario García

Zizi Papacharissi

Jim Friedlich

Jonas Kaiser

Errin Haines

Izabella Kaminska

Kerri Hoffman

Kristen Jeffers

Anita Varma

Meena Thiruvengadam

Julia Angwin

Wilson Liévano

Richard Tofel

Simon Galperin

Joanne McNeil

Natalia Viana

Anthony Nadler

Parker Molloy

Brian Moritz

David Skok

Sarah Marshall

Cristina Tardáguila

Mike Rispoli

Kathleen Searles & Rebekah Trumble

Moreno Cruz Osório

Andrew Freedman

John Davidow

Kendra Pierre-Louis

j. Siguru Wahutu

Catalina Albeanu

Don Day

AX Mina

Victor Pickard

Jesenia De Moya Correa