5 Business Model Shifts for Local News in 2021 and Beyond
For-profit publishers solicit more grants and donors, while nonprofits look for more earned revenues; DEI-led startups get funding and support 2020 was a very bad year for local businesses in America during the COVID-19 pandemic. By July, more than 420,000 small businesses across the country had closed permanently, according to Stephen Hamilton, an assistant professor of economics at George Washington University. Hamilton believes that 13% of U.S. restaurants permanently closed, leaving 1.4 million people unemployed. Meanwhile, local publishers had more news than ever to cover, with a lot les...
Source: knightfoundation.org