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A few newspapers making a few million in losses? Well, America has lost almost 1,800 papers since 2004, including more than 60 dailies and 1,700 weeklies. (Sou
by nindalf 4y ago
A few newspapers making a few million in losses?
Well, America has lost almost 1,800 papers since 2004, including more than 60 dailies and 1,700 weeklies. (Source: https://www.usnewsdeserts.com/reports/expanding-news-desert/loss-of-local-news/loss-newspapers-readers/ https://www.usnewsdeserts.com/reports/expanding-news-desert/...)
So if each newspaper needed just $500k to stay afloat, we’re talking almost a billion dollars. Craigslist was making a tenth of that in revenue, according to you. Their profit was a fraction of that.
I’m not criticising your dream. I’m criticising the people who advocate for this position in real life. “Tax/regulate tech! That’ll solve everything!”