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For the first time ever, more online news sites produced Pulitzer finalists than newspapers did.
“Demand has gone down for printed newspapers, but the supply chain for providing newspapers in a printed format is collapsing faster than the natural interest in a printed newspaper.”
Under new owner Alden Global Capital, there’s no plan for the future. There’s just revenue extraction for as long as a generation of older newspaper subscribers live to keep paying their bills.
As smaller newspapers shrink or disappear, it’s easy to romanticize the role they played. But one reporter’s memories of the heyday of local journalism reveal a much more complicated reality.
Despite denials, don’t be surprised if control passes from billionaire Patrick Soon-Shiong sometimes soon. But it’s not necessarily bad news.
One Redditor: “I actually enjoy reading my local newspaper when it’s on the Kindle as opposed to the paper’s poorly designed website and frequently broken app.”
Interviewing 64 U.S. political journalists, we found that many of them have come to view their outlets’ political endorsements as a liability.
For local newspapers, print circulation has collapsed for every audience except retirees. That’s why the daily paper in The Villages, Florida (metro population 129,752) prints as many copies as the one in Atlanta (metro population 6,930,423).
“A lot of it’s trash, to be honest, but a lot of it’s very useful.”
This time it’s Lee Enterprises in the cross-hairs. Adding it to its empire would leave two American local newspaper giants — Gannett and Alden — and everyone else far behind.