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November 10, 2024
The Risks of Nonprofit Local Journalism
The decision of Washington Post owner/Amazon founder Jeff Bezos not to allow the paper’s editorial board to endorse a presidential candidate has stirred disappointment cum outrage among the paper’s readers — some 250,000 have gone so far as to cancel their subscriptions. Bezos, with the deepest of pockets, was once viewed as the Post’s savior — now he’s the devil in…
December 19, 2023
Sins of Omission: Public Broadcasting Fails to Reach a Broad Cross-Section of America
Increasing numbers of Americans get their news from Facebook and Apple but nonetheless, every day, six American television networks — ABC, NBC, CBS, Fox News, CNN and PBS — continue to broadcast a nightly newscast. Only one of these, however, is subsidized by taxpayers. The PBS NewsHour receives direct annual support from the Corporation for Public Broadcasting (CPB); it…
July 12, 2023
Local News and Social Capital
Joseph Schumpeter famously observed that capitalism unleashed “creative destruction.”[i] If that is so for American journalism, just such a wave has, without doubt, been destroying local newspapers. What’s not yet clear is whether such destruction will be complemented by creation. The result matters not just as it affects a select group of business enterprises. Arguably, local…