Rethinking the business of local news
To make matters worse, about half of America’s daily newspapers are now owned by hedge funds or other investment groups. To maximize profits, layoffs typically follow acquisitions from hedge funds. This has partly resulted in the decline of the number of newspaper journalists, shrinking from 71,000 in 2008 to 31,000 to 2020.
We sit down with experts and leaders of media outlets to discuss the state of local news in North Carolina and nationwide.
Glenn Burkins, editor and publisher of QCity Metro
Angie Newsome, founder and executive director of Carolina Public Press
Matt Moog, CEO of WBEZ
Elizabeth Hansen, CEO and co-founder of the National Trust for Local News and senior research fellow at Columbia’s Tow Center for Digital Journalism