Of the 11 outlets that won journalism Pulitzers, none were owned by hedge funds, 0 owned by private equity, 2 in publicly traded companies, 4 were nonprofit, 5 were family owned #futureoflocalnews
Steven Waldman
3,075 posts
Steven Waldman
@stevenwaldman
Chair, Rebuild Local News Coalition (rebuildlocalnews.org), Co-founder @Report4America. Slowly moving from here to linkedin.com/in/stevendwald…
- The story about the Sheriff & others talking about lynching Black people and killing journalists was broken by the McCurtain Gazette-News, a print only weekly -- the sort of papers that are the glue in many communities & are disappearing at a rapid clip.
- My piece in politico points to the biggest change in our political world: how information flows. Latinos and young people, who shift led right, disproportionately get news from social media. (Local news collapse also shapes the new reality)Most election post-mortems neglect a key factor in how people vote: where they get their news. politi.co/3UKLXjU
- .@gannett should donate its bottom performing 100 papers to community organizations. They're not producing profit for the company. The trajectory is brutal. Let the communities take a shot. And this would enable Gannett to focus on the saveable papers. @newsguild
- For those intrigued by the @60Minutes piece about hedge fund ownership of local news, here are a few of the newspapers now owned by private equity or hedge funds (now accounts for 50% of daily newspaper circulation):
- WOW. The California Senate just voted to approved, by 2/3 vote, SB1327, Sen. Glazers bill to provide $500 million for local news, paid for by a tax on the big tech companies. Huge breakthrough.
- Alarming. "The number of partisan-backed outlets designed to look like impartial news outlets has officially surpassed the number of real, local daily newspapers in the U.S." From @NewsGuardRating and @axios via @sarafischer. axios.com/newsletters/ax…
- BIG NEWS: NY State leaders agree on landmark, bipartisan plan to help counter the collapse of community news – $30 million in employment tax credits for news outlets. First in the nation. Most significant state effort yet.
- A daily newspaper without a single reporter. A daily newspaper without a single reporter. A daily newspaper without a single reporter.
- Here's how Jeff Bezos can be a hero: donate @washingtonpost to a charitable trust. We've seen this work in Salt Lake City, Philly, Tampa. Here's how it would work>> cjr.org/opinion/waldma…… @lenfestinst @JimFriedlich
- .@PhillyInquirer is a for-profit, owned by a nonprofit. Has ads, subscriptions & donations. Breaks even. And models how to cover local elections. 👇
“A Republic, If You Can Keep It…”. My OpEd essay from today’s @PhillyInquirer. @lenfestinst Link in Comments. - Another big win for local news! Illinois approves providing newsrooms up to $15,000 per current local reporter & $25,000 per new hire via tax credits. For-profits, nonprofits, print, digital, b’cast. $25 million total over 5 years. rebuildlocalnews.org/rebuild-local-…
- My new piece explores how the Santos case exposes another facet of the local news crisis -- the disintegration of the local reporting "food chain." thebulwark.com/phantom-candid… @BulwarkOnline
