Spectrum
The Survival of Local News Media is a ‘Race Against Time’
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:47:32
- More information
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Synopsis
Local news outlets are being used more than ever by people during the Coronavirus pandemic. However, these local outlets are struggling for financial survival and many are losing the battle. For the past month, major news outlets such as The New York Times, Atlantic, The Hill, Fortune and others have been ringing the death knell of local news media. On April 10, the New York Times reported that 33,000 journalists have either lost their jobs, been furloughed or had their pay cut since the virus hit the United States. Local advertising dollars have evaporated, according to Andrew Alexander, an award-winning journalist, former Washington Bureau Chief for Cox Newspapers and a former ombudsman at the Washington Post. Although subscriptions are up, print advertising has hit a steep decline and online advertising is far less lucrative for local news outlets. Besides, digital advertising is dominated by Google and Facebook, Alexander says. This dilemma leaves local news entities in the lurch. Money to produce a