Once a newspaper is gone — just like when you lose parkland to unchecked development — it’s hard to bring it back.
This week New Zealand’s largest newspaper, the NZ Herald, launched digital subscriptions for its online content, making history at the same time. Its paywall is the first for a general newspaper in New Zealand.
The federal budget has finally answered some of the questions about the Liberal government’s plans to subsidize the news business, which were first floated late last year. But the details revealed by Finance Minister Bill Morneau raises many more questions about Ottawa’s reasons for supporting journalism.
This article will be no help whatsoever to Britain’s crumbling local newspaper industry. After 12 years researching the provincial press at its peak period, the second half of the 19th century, I have no answers for today’s business in crisis. In 2018, the fourth largest regional newspaper group in Britain, Johnston Press, recently went bust (and was then “rescued” by a US asset fund). A quarter of the country’s local papers have closed in the last ten years. Jobs have been cut, print sales tumble, and profits dwindle (although many local papers still make money). Fewer reporters staffing local papers mean fewer original stories, which makes the papers less attractive to readers, which accelerates the decline. The industry itself blames internet advertising, and competition from Facebook and Google. Others blame local newspaper management, not known for its dynamism or strategic ...