Mark Glaser | Knight Foundation | January 8, 2020
Predictions are a tricky business, but there is one sure thing for 2020: local news publishers cannot depend on the old ways of doing business. The time for chain newspapers wielding a monopoly in communities is ending, and more independent and nonprofit news organizations are taking root around the country and making sure that watchdog journalism continues to thrive.
The old business model was largely dependent on print advertising and circulation revenues, and newer digital ads have been gobbled up by the voracious tech giants, Facebook and Google. That leaves local news publishers in a tough spot, but they’re increasingly finding new ways to serve the public while diversifying revenue streams. I previously highlighted “9 Great Local News Business Ideas” to show just how ingenious these publishers have become.