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Newsonomics: What was once unthinkable is quickly becoming reality in the destruction of local news
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Articles tagged newspapers (248)

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The coronavirus pandemic is proving the value of local news to millions of readers, driving up subscriptions. But the advertising collapse is knee-buckling. “If it’s a couple of months, we’ll make it through. If it’s six months, all bets are off.”
Declines in ad revenue and all those canceled events might prove manageable. But the real risk would come with a virus-inspired recession — and how the industry’s hedge-fund owners might respond to it.
By selling Berkshire Hathaway’s newspapers to Lee Enterprises, the world’s most successful investor is acknowledging the industry’s downhill slide is not near an end.
The news industry’s own Doctor Octopus has stuck its tentacles deep into another newspaper chain — and it’s unlikely to be dislodged anytime soon.
Republicans and Democrats are (surprisingly!) teaming up to help news organizations negotiate with the tech giants. But it’s unlikely to have a substantial impact on the dysfunctional relationship between publishers and platforms.
“If you don’t have a newspaper staff who points out when things aren’t working, there is no impetus behind trying to put somebody new in, right?”
It’s a big step for Salt Lake City — but also a major opening for other newspapers who might find nonprofit status a more appealing alternative than selling or closing down.
The number of employees soon to be cut at the No. 1 U.S. newspaper chain is about the same number as the No. 2 chain has in total. But newsrooms should mostly be spared — for now.
Picking up a daily paper at your local coffeeshop, grocery, or convenience store is a dying art — and a dying business.