As Jeff Bezos dismantles The Washington Post, five regional papers chart a course for survival
If The Washington Post’s billionaire owner, Jeff Bezos, ever decides he wants to take journalism seriously again, then he might take a look at a handful of large regional papers that have charted a route to sustainability against the strong headwinds that continue to buffet the news business.
Perhaps the most important difference between these papers and the Post — and the hundreds of other shrinking media outlets owned by corporate chains and hedge funds — is that they are rooted in the communities they cover. Whether owned by wealthy people or run by nonprofits, they place service to their city and region above extracting the last smidgen of revenue they can squeeze out.
Although I could add a few to this list, I am mentioning five large regional newspapers as examples of how it’s possible to succeed despite the long-term decline in the economics of journalism.
Related Knowledge Center: State of the business model
The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.
Related Knowledge Center: Local media
The hollowing out of the local news ecosystem has been well documented; in some communities, efforts are underway to reverse the growing news desert.