6 Facts: What Happens When Local Newspapers Shut Down By Joe Jarvis - June 11, 2018
Financing Dies in Darkness? The Impact of Newspaper Closures on Public Finance. This study, published in May, shows what happens to local politics when local newspapers close their doors.
In short, it’s not good. But that doesn’t mean we need to preserve the relics of a bygone era. When a changing market unearths negative results, that is a golden opportunity for an innovative entrepreneur to fill the void.
And actually, the story starts when online job listings and classifieds became popular. This innovation provided locals with a better alternative to the print versions. But in the process, it took a big chunk of local newspapers’ revenue.
Craigslist was the catalyst to newspapers’ decline.
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