The rate of newspaper losses in the U.S. ticked upward in 2023 to two-and-a-half a week, an acceleration driven by a handful of large chains and smaller regional companies shuttering multiple papers in one fell swoop.
Yes, they show how news startups aren't keeping pace with the number of news sources disappearing (and how these startups disproportionately serve more affluent areas, exacerbating the gap between information have and have-nots). But Abernathy and Stonbely also point to Press Forward, the MacArthur Foundation-led coalition of funders looking to infuse at least $500 million (with support from local funders, more like $1 billion) into local news over five years, burgeoning public policy efforts to meaningfully support local news and make it more equitable.
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