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Local News Works When Cost Structure Isn't Screwed Up
This research looks at the influence of three commonly cited features on the success of digital local news outlets: the background of the publisher, experimentation with different revenue streams, and the wealth of the surrounding community. Of the three, only the wealth of the community is statistically correlated with “success” (which we define... See more
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The economy is interconnected. There are a lot of reasons newspapers have died off. Some were out of their control. I imagine a future where there are plenty of local publications that serve their communities with smart reporting, structured data sets around important issues and great ad products for marketers.
Jacob Cohen Donnelly • A Deeper Dive Into What Really Damaged Newspapers - A Media Operator
But it’s also because newspapers were an oligopoly, and they lose that oligopoly online. Newspapers are, yes, a content business, but they were also a light manufacturing business, and it was the replacement of light manufacturing and trucking with bits that removed the barrier to entry and unbundled their attention.