Newspapers are dying, but they’re not dead yet. When they die the news isn’t very good.
Liz Farmer is a public finance reporter for GOVERNING.
New research shows that the decline of newspapers may have taken a toll on cities’ and counties’ budgets…municipal borrowing costs increased by as much as a tenth of a percent after a newspaper shuttered, even when accounting for declining economic conditions.
The reason for these changes, researchers say, is that the closure of a local newspaper creates a “local information vacuum” that is unlikely to be filled by the national news media, which needs to appeal to a much broader audience, or online outlets, which have not generally filled the investigative journalism gap left when a local newspaper shuts down.
Read her entire article here.