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.

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Nik Usher

Tony Baranowski

Jennifer Coogan

John Davidow

Zizi Papacharissi

Christina Shih

Matt Karolian

Moreno Cruz Osório

Chase Davis

Mary Walter-Brown

Kerri Hoffman

Burt Herman

Joshua P. Darr

Juleyka Lantigua

Errin Haines

Julia Angwin

Michael W. Wagner

Jim Friedlich

Wilson Liévano

James Salanga

Gabe Schneider

Jessica Clark

Robert Hernandez

AX Mina

Rasmus Kleis Nielsen

A.J. Bauer

Doris Truong

Cherian George

Parker Molloy

Millie Tran

Amara Aguilar

Gordon Crovitz

Simon Allison

Kathleen Searles & Rebekah Trumble

Kristen Muller

Candace Amos

Joe Amditis

Anika Anand

Jennifer Brandel

Larry Ryckman

Gonzalo del Peon

Jesenia De Moya Correa

Paul Cheung

Cindy Royal

Amy Schmitz Weiss

Melody Kramer

Eric Nuzum

James Green

S. Mitra Kalita

Andrew Freedman

Francesco Zaffarano

Daniel Eilemberg

Don Day

Jesse Holcomb

Anthony Nadler

Joni Deutsch

Rachel Glickhouse

Izabella Kaminska

Kendra Pierre-Louis

Tom Trewinnard

Cristina Tardáguila

Mike Rispoli

Sarah Stonbely

Victor Pickard

Kristen Jeffers

Raney Aronson-Rath

Matthew Pressman

Matt DeRienzo

Mario García

Sarah Marshall

Megan McCarthy

Shannon McGregor & Carolyn Schmitt

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Mandy Jenkins

Tamar Charney

Chicas Poderosas

j. Siguru Wahutu

Meena Thiruvengadam

Christoph Mergerson

Laxmi Parthasarathy

Brian Moritz

Joanne McNeil

Simon Galperin

Richard Tofel

Stefanie Murray

David Skok

Joy Mayer

David Cohn

Ståle Grut

Julia Munslow

Jody Brannon

Natalia Viana

Whitney Phillips

Stephen Fowler

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