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.

Millie Tran

S. Mitra Kalita

Matthew Pressman

Gonzalo del Peon

Simon Allison

An Xiao Mina

Nikki Usher

Tony Baranowski

Robert Hernandez

Jim Friedlich

Janelle Salanga

Catalina Albeanu

Larry Ryckman

Alice Antheaume

Jennifer Brandel

j. Siguru Wahutu

Simon Galperin

Meena Thiruvengadam

Paul Cheung

Gabe Schneider

Don Day

Parker Molloy

Laxmi Parthasarathy

Whitney Phillips

Kendra Pierre-Louis

Errin Haines

Ariel Zirulnick

Andrew Freedman

Gordon Crovitz

Amy Schmitz Weiss

Jonas Kaiser

Jesse Holcomb

Kristen Muller

Anita Varma

Joe Amditis

Christoph Mergerson

Stephen Fowler

Joanne McNeil

Juleyka Lantigua

Anthony Nadler

Zizi Papacharissi

Kristen Jeffers

John Davidow

Candace Amos

Jesenia De Moya Correa

Mandy Jenkins

Shalabh Upadhyay

Julia Munslow

Ståle Grut

Rachel Glickhouse

Megan McCarthy

Cristina Tardáguila

Mary Walter-Brown

Sarah Stonbely

Francesco Zaffarano

Doris Truong

Natalia Viana

Tamar Charney

Joy Mayer

Shannon McGregor & Carolyn Schmitt

Daniel Eilemberg

Sarah Marshall

Chicas Poderosas

Matt DeRienzo

Izabella Kaminska

Moreno Cruz Osório

Jennifer Coogan

Joni Deutsch

Jody Brannon

Brian Moritz

Christina Shih

Cherian George

James Green

Cindy Royal

A.J. Bauer

Joshua P. Darr

Michael W. Wagner

Julia Angwin

Chase Davis

David Skok

Raney Aronson-Rath

Rasmus Kleis Nielsen

Mike Rispoli

Tom Trewinnard

Stefanie Murray

Kerri Hoffman

Wilson Liévano

Victor Pickard

David Cohn

Eric Nuzum

Amara Aguilar

Sam Guzik

Melody Kramer

Kathleen Searles & Rebekah Trumble

Mario García

Richard Tofel

Jessica Clark

Anika Anand

Matt Karolian

Burt Herman